Rents are sending people to move north of Texas due to rising rents and other issues, so renters may not be aware of the small things that can make moving even more difficult.
“Rents are a derivative of home prices,” said Mark Moffitt, a licensed realtor, broker, and real estate professor at the University of North Texas. “When demand exceeds supply, sellers and landlords will have an advantage in the conversation.”
Here are some of the main problems renters are facing and how to solve them:
- 1 # 1: Availability
- 2 # 2: Credit concerns
- 3 # 3: Preparing
- 4 # 4: Pets
- 5 # 5: Read Reese
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# 1: Availability
Availability is another issue pointed out by North Texas real estate professionals when renters deal with rising rents that affect the affordability of homes.
“Currently, there are many apartments that are 100% occupied. As a result, if you come in and are looking for a deal today, they may not have anything for you,” Mofit said. Told.
The current occupancy level is 96%, the highest ever in DFW.
“So one of the suggestions we recommend is to start in advance. If the lease ends a few months from now, go ahead and start the process of looking for the next transaction. Ask those complexes. May we be able to see them in the next 60-90 days? “Moffit said.
# 2: Credit concerns
In all competitions, credit can be another issue facing some lessees, especially if they have a bad score or a previous bankruptcy.
“After all, the landlord mainly focuses on a few things. Will I get paid on time? Will this person take care of the property? And I with this individual What does the relationship look like? Is it manageable or unwieldy? “Mofit said.
As a sign of good faith, the lessor can offer to pay more with a security deposit, write a descriptive letter, or bring a recommendation from a previous landlord or job.
Here is a sample letter for you to get started.
“One of the things prospective tenants can do when dealing with a landlord is to speak up about this issue,” says Moffitt. Through those things, I’m happy to be able to pay an additional security deposit or maybe rent. Many landlords understand that life will happen and are willing to work with people. “
# 3: Preparing
When searching, do not start the process unprepared. All documentation should be ready.
“The thing to keep in mind about this process is that every day in real estate is a year, so everything needs to be done instantly,” says Moffitt. “On the buyer side when a home is bought and sold with agents, buyers and sellers, everything usually happens within 24 hours of the transaction.”
The same is true for landlord tenant negotiations.
“A ready tenant is ready to organize all the paperwork. Pay slips, bank account records and applications have already been filled out. All. Landlords are serious about themselves. I know that and appreciate what I want to do now, “says Moffitt.
Here is a list of everything you might ask for:
- Income proof
- Bank statement
- Vehicle registration and insurance proof
- social Security number
- Rental history
- Work history / resume
- Pet information
# 4: Pets
Pets can be another issue when people compete to rob available apartments and rental housing.
The landlord has a list of what they consider to be aggressive breeds and other animals that may decline future occupants or charge more.
“We always want to do our best. It’s very helpful to put a picture of your pet in a cute position or take something like that. The picture is worth 1,000 words and sometimes $ 1,000. It’s worth it, “says Moffitt.
Experts suggest putting together a “pet resume” complete with pet information, health records, references, and photos.
“And from time to time, you can offer to pay extra pet deposits, etc., or look up other maintenance terms on the lease so that you can count them,” Moffitt said. “After all, the landlord wants to prevent pets from destroying the property.”
# 5: Read Reese
After landing on the unit or house you want to rent, it is important to read the rental agreement.
“Remember that all of that contract is negotiable,” Mofitt said. “So if you have a term or clause that requires your tenant to be offended, discuss it. You may be able to get the landlord to remove it.”
You can also talk to the landlord about how long the rental period will be.
“My suggestion is to discuss how long you can agree to a rental agreement when talking to a potential landlord,” Mofitt said. “Can you agree on a longer-term lease, perhaps a two-year lease? Also, you potentially have some options for renewing at a predefined price. If you want a one-year lease, There is an update option that is predefined and adds only a few bumps. “
If you read the lease carefully, you may incur extra costs and problems that you didn’t know about.
Moffitt said he would pay close attention to the section on maintenance and eviction conditions.
“Often you take care of the lawn you need to take care of, so who pays for it? Does the landlord pay for it or does the tenant take care of it? They contract Do I have to do it or do it myself? “” Moffitt said. “What are the requirements for evacuation conditions? Do you need full professional cleaning?
Many realtors and lawyers can also look up a lease for you.