Quick Answer: What Do I Need As A First Time Renter?

How do you win a rental?

Here are eight ways on how to win a rental application.Make sure you have all the correct documentation.

Save time and apply online.

Get your housemates into gear.

Be on time to inspections.

Be presentable at the inspection.

Be reasonable and pleasant on the day of the inspection.

Follow up..

How can I get my first apartment with no credit?

So, even if you lack a credit history, here are 7 ways you can still get the apartment you want.Get a Co-Signer. … Provide References and Recommendations. … Get a Roommate with Good Credit. … Show Proof of Income. … Explain Your Financial Situation. … Offer to Move in Immediately or on a Shorter Lease. … Pay a Larger Security Deposit.

What do first time renters do?

Tips for First Time RentersTip #1: Budget Wisely. … Tip #2: Determine Your Needs. … Tip #3: Take a Walking Tour of the Apartment. … Tip #4: Know What Utilities Are Included (and Which Ones You Need to Get Yourself) … Tip #5: Consider the Parking Situation for You and Guests. … Tip #6: Know What the Application Process Involves.More items…•

Can I rent an apartment without ID?

The landlord will require you to verify your identity on your rental application, so make sure to bring your driver’s license. If you do not have a driver’s license then you will need another form of photo identification, such as a passport, military ID or state-issued ID.

What makes you a great tenant answer?

The most important quality of a good tenant is honesty. Honesty is so important, it gets its own section beyond the top ten. … While a tenant isn’t required to share all their personal information with their landlord, they are required to pay their rent throughout the lease term.

How can I increase my chances of getting a rental?

So here are my 10 tips for increasing your chances!Call The Agent To Discuss The Property. … See The Property Before The Open For Inspection. … Befriend The Real Estate Agent. … Offer More Money – Almost Guaranteed. … Have Your Application Pre-Filled Out. … Have All Of The Appropriate Documentation. … Offer To Pay More Up Front.More items…

What do I need to do when renting for the first time?

Moving out of home for the first time? Here are a few things you should know to get the most out of your first renting experience.Know how rental leases work. … Know what your tenant rights are. … Know what a bond is and where RentBond can help. … Know how you can pay the rent. … Know where you stand on repairs and maintenance.More items…•

What makes you a good renter?

One of the best ways to tell if an individual makes a good tenant is if they are respectful. Not only does a good tenant pay the rent and other bills on time, but they take care of maintenance issues that are their responsibility. If they respect you as a landlord, they will alert you if something needs your attention.

How do you get approved for a rental?

Preparing your rental applicationProvide all relevant documents. You’ll need the following documents for your rental application: … Have a completed set of documentation for all applicants. … Write a cover letter. … Prove you can pay the rent. … Get your references ready. … Secure a guarantor.

Do first time renters need a guarantor?

If you’re dealing with a letting agent, you’ll find that most of them will require their tenants to have a guarantor, but ultimately it is down to the Landlords discretion. If a landlord wants to take on tenants that doesn’t have a guarantor on standby, they can do so at their own risk.

What credit score is needed for an apartment?

620Most individuals or companies renting an apartment want credit scores from applicants to be 620 or higher. People with credit scores lower than 620 may indicate they are a high risk renter.

What do owners look for in tenants?

Screen Tenants Thoroughly During any background check, the screener will look at factors like references, rental history, and income. It’s tempting to choose the applications that show a willingness to pay more rent or pay a large sum up front, but this could mask a less than desirable rental history.

How do landlords choose between tenants?

Typical criteria include the following: Rental history: A landlord’s most valuable information is an applicant’s rental history. A good reference from a past landlord and a history of on-time rental payments shows that the applicant would likely make a good tenant.

How do I pass a rental application?

Get organized before you go on the apartment hunt. … Write an introduction cover letter. … Secure a financial Guarantor if you have poor credit. … Offer more rent per month — especially if you have a pet. … Have a good attitude.

Why would a rental application be denied?

If the income listed on your rental application doesn’t match verification sources (for example, your pay stubs or recent W-2 form), that could cause your application to be denied. If you haven’t been at your place of employment for very long, this could also be the reason behind a denied rental application.