How To List Your Apartment For Rent – Learning how to rent an apartment can be overwhelming. Keep reading to learn the basics of renting an apartment and renter tips to help you get approved.
Despite an average of 2,654 new renters per day, getting an apartment is not difficult when you understand the approval process and specific apartment requirements for your desired unit. However, before you sign the lease agreement and move on, you also need to complete the steps for the apartment rental application.
How To List Your Apartment For Rent
Don’t worry Every tenant goes through this, so we want to guide you on how to get approved for an apartment. Here’s everything you need to apply for an apartment, the forms needed for the application process and tips to ensure you get approved.
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The apartment application is the first step. Once you apply for an apartment, it usually takes 24 to 72 hours to wait for the approval of the apartment application.
Fortunately, the paperwork will guide you through the process with questions and instructions. Answer each item as thoroughly as possible and submit supporting documents such as references.
To rent an apartment, you’ll also need to pay a non-refundable application fee of $30 to $50. Landlords charge this apartment application fee to cover the cost of screening tenants, sometimes including background and credit checks.
Credit checks are usually part of the application fee and require your authorization. The landlord also conducts a background check to assess your criminal history and determine your credibility.
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Proof of income is important when applying for an apartment, as it shows that you have a reliable source of income to pay the rent. Bring your tax returns, two to three pay stubs and two to three months of bank statements to include in your application to speed up the apartment rental process.
If your income (or credit score) isn’t high enough to secure an apartment, or if your income is unstable, consider asking someone you trust to be your co-signer, such as a family member. A guarantor or co-signer is someone who signs a lease with you and is legally required to pay your rent if you fail to do so.
Prospective landlords want references from previous landlords to verify your rental history and reliability as a potential tenant. Additionally, they are trying to establish how responsible you are and may call your previous landlord to ask about your reliability and ability to pay rent on time.
If you are renting your first apartment and have no previous rental history, bring personal references from bosses or superiors that demonstrate your trustworthiness and reliability. Simplify the process with these rental reference letters as examples.
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One of the many requirements for renting an apartment is a security deposit. This is an amount that a new tenant pays the landlord or property management company before moving in. Security deposits typically insure landlords against tenant damages equal to one to three months’ rent.
Your landlord or property manager will email or call you to let you know your apartment has been approved and arrange a time to sign the lease. Make sure you read everything and understand every detail. Remember, a lease is a legally binding document, so note any existing damages or problems with the apartment so you won’t be held responsible when you move out.
Look for any holes in the walls, cracks in the floor, damage to windows or main appliances, and signs of exterior wear. Document everything carefully with a camera and notify your landlord as soon as possible.
Moving into your new apartment can be overwhelming, but it’s also exciting! You may already have many of the items on the first apartment checklist. If you don’t, buying a new one isn’t your only option.
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Some things to know about the rental process that can affect approval include a history of on-time rental payments, reliable income, and good communication. Here are seven tips to help move the rental process forward:
Now that you have a better idea of apartment rental requirements and the application process, you’ll be approved in no time! But if you’re having trouble finding the right place, we can help you find what you’re looking for. Find your next apartment in Apartment List today!
Depending on the landlord or property management, waiting for the approval of the apartment application will take only 72 hours.
Once you’ve met all of your apartment rental requirements, you’ll hear if you’ve been approved by email or phone. Your landlord will also schedule a time to sign the lease and review any questions or next steps.
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Since a lease is a legally binding contract, you must be at least 18 years of age when renting an apartment. In some situations, a landlord can rent to a minor tenant, although this is rare and usually requires a guarantor or co-signer.
Once your apartment application is approved, you can decide whether you still want to sign a lease or pursue a different option. If you choose to proceed, you will need:
Yes, you can apply for more than one apartment, and it’s encouraged in competitive rental markets like New York City. However, you should ask if applying to more than one apartment in the same building will affect the rental application processing time or if you will have to pay additional application fees.
Tristian Brown is a content marketing associate at ApartmentList, where he curates high-quality content that helps modern renters find the perfect home. With a Bachelor of Arts in Marketing and European Management from the University of San Diego and EM Strasbourg Business School, he brings a vast wealth of knowledge to the team. Read on
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Emily is a professionally trained writer covering a variety of topics related to the rental market and real estate industry. With over a decade of professional writing experience, Emily comes from a strong background in the field and holds a Bachelor of Science degree from the world-renowned William F. Read more
The First Apartment Checklist: 36 Essential Apartment Rental Questions for Your New Apartment How to Find an Apartment [2023 Guide]Listing your rental property online is the best way to attract high-quality tenant leads. Below we’ve mapped out our seven-step process for listing your rental property online.
Renters search for rentals on top rental listing sites. Listing on multiple sites instead of just one is a good strategy and allows landlords to create rental listings on the following top sites:
By creating your rental listings on our platform, your listings will have a larger audience and less work for you. Landlords who list their properties with us receive an average of 18 tenant leads.
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Once you’ve chosen an effective platform for your listing, the next step is to build the actual listing. The first thing you will write is the title. In the headline, you need to tell the tenant the information they want to know right away.
We list important information in effective order, including rental price, number of bedrooms and bathrooms, property type, neighborhood and then some attractive amenities.
After writing the title, the next step is to write the description. We recommend writing a paragraph of four to six sentences. Here is a general formula for writing a rental property description:
: , bathroom in bedroom , able . close to is Pet friendly. /month, month security deposit. Utilities included. Applicants must complete a rental application and authorize a $45 credit and background check. call on
Things Landlords Are Not Allowed To Do
Avoid writing bad grammar, misspellings, all caps, exclamation points, or anything offensive. Under the Fair Housing Act, you cannot write what type of tenant you are looking for, ie, “This unit is suitable for a family with children.”
In the property description shown above, you’ll notice we mention screening requirements. It’s best to tell tenants in advance what to expect during your screening process. Mention that you require a rental application and that you require tenants to authorize a tenant credit report and background check (if applicable in your city or state).
By mentioning your needs, you are effectively pre-screening tenants. Pre-screening saves you time by helping you attract quality tenants early in the rental process.
When you’re creating your listing, you’ll need to set your rental price. Consider the following factors when you set your rental price:
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Before setting your rental price, be sure to check the price of comparable units in your location to make sure your price makes sense. If you are renting your unit during the summer, you may want to increase the rental price, as rental demand is highest during the summer. When you update your unit, you should update your rental price to reflect the new value.
The most important part of your listing is the photo. It’s the first thing a renter sees, and renters spend most of their time looking at listing photos. We recommend having at least one photo of each room. Spending time on photos is worth it — photos have the power to help you get hired
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