Ever want to know what you need to secure your next apartment home. It’s best to have all the documentation on hand before your tour. Chances are you might be forgetting something important. In a competitive rental market, you need to have everything so another renter doesn’t swoop in and take the residence you wanted.
It’s more than just filling out paperwork. Sometimes you are competing against other prospects. So before you go out looking for your next pad check out our guide below:
Quick Rental tip:
Be sure and call ahead and make sure that the property will have a vacancy during your time frame. Also, make sure they will have the appropriate number of bedrooms. This will surely save you time in the long run. If you can, visit apartment homes during the weekday. On the weekends, the communities can be slammed with would be renters looking to secure their new pad.
Don’t forget to bring identification with you. The leasing agents will ask for a driver’s license or other form of official ID before your tour. If you don’t have it, they won’t show you the unit in most cases. Also ask what their income requirements are for approval? Many pre qualifying questions can certainly save you time before you visit the property in question.
Application Tips During Covid
Due to the Coronavirus the rental process has changed entirely. Many communities aren’t offering tours at all. You might be able to make an appointment to view a unit by yourself without a leasing agent. If you cannot tour, then you will have to decide if you want the unit without viewing one.
- Be sure and wear a mask
- Have your identification with you
- If you decide to apply, you probably will have to fill out an application online
Prove Your Income
You cannot get approved unless you can prove our income and you meet the minimum requirements.
- Tax return
- Bank Statements
- Letter from your employer
- W-2 Form
Have a Co-Signer Ready
If you don’t have strong credit or you don’t meet the income requirements, it doesn’t mean you won’t qualify for the apartment. You just need a co-signer.
A co-signer is someone who will make the rental payments if you cannot. Usually it’s a close family member. A co-signer must meet strict income requirements as well. They can certainly assist you increasing your chances of approval.
Don’t be afraid to submit more than one application. It’s a good way to hold a great apartment special. You may lose money on the application fee but you will get to have the piece of mind nobody will take the apartment home away from you. Search for some of the best Houston apartments or best Dallas apartments today.
Here are some great resources to consider for your next search.
✅ What kind of background check do apartments do?
The vast majority of apartments are looking for felonies and misdemeanors. It's probably a good idea to tell them you have one before you apply. The services the apartments use are quality and they will find the item on your background. Then you will have wasted your application fee. Some apartments may even keep your deposit to.
✅ How many times should i follow up after an application for an apartment?
I would wait at least 2 days before following up. Apartments have different time frames for processing applications. There are many reasons why this could be the case.
✅ What is a normal time frame for hearing back from an application for an apartment?
1-2 days is normal. Some apartment communities can approve you within minutes. If the days drag on and you don't hear anything, usually that means something is wrong. 11 days is an insane amount of time to wait to just get approval.
✅ How much should an apartment application fee be?
An application fee can range for one person to be in the neighborhood of $45-$75 dollars. If it's over $100 you may want to ask why it's so much. Many apartments will refund the application fee based upon approval.
✅ What background check do landlords use?
Most apartment communities will use a special company to run a full background check on all of the applicants. They shouldn't profit from this service. They want to know who you are and what criminal convictions you may or may not have. Don't try and check your credit report on Credit Karma and assume this is what landlords see. This isn't the service most apartment management companies use.