Solid Advice for Renters
When it comes to renting a property it is important to keep in mind some solid advice.
RENT WITHIN YOUR BUDGET
In a tight market, knowing your budget is key. Don’t apply for a rental that costs more than 30% of your gross monthly income or you are going to run into difficulties with future payments and possibly tarnish your landlord-tenant relationship.
While it may be tempting to acquire an expensive rental with fancy amenities don’t make this mistake, and instead opt for a rental that simply checks the “must-haves” boxes and fits your budgeting needs. This prevents against unnecessary stress down the road. It also assures that you don’t become a chronic complainer to your landlord because you have bid too high for a property that must now be perfect at all times and at all costs.
DON’T SKIM THE LEASE
Understanding your lease is crucial. Ensure that you know all of your responsibilities and the ins-and-outs of rent collection so you can establish a great relationship with your landlord. Remember, breaking your lease terms out of ignorance is just as costly as willfully breaking them. Do your homework and pay attention to every clause in the agreement. [pets, smoking, adding new occupants, late fees, parking and more are all things you should know about in detail]
PREP FOR EMERGENCIES
Most renters aren’t adequately prepared for a disaster. Your landlord’s insurance won’t cover your stuff. Get renters insurance; it’s inexpensive and worth it.
PAY ATTENTION TO RENEWAL DATES
Don’t let the excitement of move-in deter you from paying careful attention to your lease term and renewal. You should understand exactly when you are expected to leave the unit, and how renewals are handled. Paying attention to the renewal dates will ensure that you can move out fee-free when you’re planning to or that when to apply for a new lease renewal if you would like to stay.
USE DAMAGE-FREE DECOR
Damage doesn’t just come from obvious abuse to the suite like a huge hole in the wall. You can get charged for damages to the wall by just hanging acute photo the wrong way. Use proper decor techniques and hanging apparatuses to get your deposit back in full and refer to your lease with regard to this issue. [Command Picture Hanging Strips]
Using Wall saving hanging solutions will prevent holes and drywall peeling from becoming a costly repair issue.