BiggerPockets


Just some advice on Renting in NJ

Posted on Thursday, January 17

 

 

       

 Renting Tips


Renting an Apartment, Condo, Townhome, or Single Family, is something most of us will do at some point in our lives.

 Often times it’s harder to rent than it is to buy a Home.

Here are some tips to make the process go a bit easier.

 

How much can you afford to pay each month?  Remember you need to know how much you can afford to spend each month. You cannot rent something you can’t afford. Landlords will see how much you earn, and in many cases your credit report. Landlords or their Realtors will determine if you qualify to pay the rental amount. Don’t shop for a rental that is out of your budget, it will only make you angry or upset that you can’t have the rental you want, in addition it will stress you out in your search for your new rental home.


1.     You will need some type of proof of income such as paystubs, letter of employment, from your employer, etc.

2.      If your credit is less than perfect as it is with most of us these days, seek out help by calling your Realtor, advisor, or someone with experience in this area, who can help you get the rental you want.

3.     Landlord references,  if you have them they are always an added bonus.

4.     If you are working with a Realtor who has experience in Rentals, he or she will give you options if your credit is questionable, if you are new to renting, or your employment has not been long term.

5.     Always seek the advice of your Realtor or someone with good experience in renting.


Want and Need

We all would like to have the perfect rental in the greatest area at the lowest price.

The question you have to ask yourself before You, or your Realtor begins your search for your new rental unit is: What do I want and what do I need.

Always start with what you need such as the number of bedrooms, the location, and the price.

If your wants are that you’d like 2 bathrooms, and a basement perhaps a garage etc. then you must know that those are extra’s. Extra’s always add to the price of the rental, so be aware that the more you want the more it will cost per month.

 

 

ACT FAST:

 

 

THIS BASIC PRINCEPAL TO SECURING AS RENTAL IS AS FOLLOWS:

 

REMEMBER THE RENTAL YOU SAW TODAY, SOMEONE ELSE SAW YESTERDAY AND THEY ARE COMING IN TONIGHT TO RENT IT.

 

 

The one good thing about rentals is that a rental is not your permanent home. It’s only a place that you choose to rent.

Rentals these days are scarce. The rental market is competitive.

 

 Be prepared to rent and make a decision quickly. Rentals, especially the good ones do go fast.

 

 

We at U R Home, Hope the information above is helpful in your search for your Rental Home


Written by: Lisa Payne Broker/Owner of U R Home Realty L.L.C

 


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