Business & Finance Renting & Real Estate

Options for Renters With Poor Rental History

    • Renting an apartment or house can be a frustrating process, and even more so for those with bad credit or poor rental histories. If your rental history involves late payments, property damage, or evictions due to nonpayment, you may find it hard to locate a landlord willing to take a chance on you. You can still find a place to rent, but it may be more difficult.

    Skip the Credit Check

    • One of the first ways that most landlords assess your rental history is by running a credit check. Many landlords will not rent to tenants with poor credit, so finding one who doesn't run a credit check may be a good solution for getting a place. You can usually do this by moving in with people who are looking for a roommate as opposed to finding a place on your own. Or, you can look for apartment listings that say things like "no credit check."

    Negotiate

    • Landlords, in most cases, do not rent properties for fun. They rent properties because that's how they make a living. An apartment without a tenant is not what landlords want, so they may be able to work something out with you even though you have a bad rental history. If possible, speak with the landlord to see if any special accommodations can be made. As an example, some landlords will allow people with poor rental histories to move in if they pay their first and last months' rent in advance, in addition to the deposit.

    Use a Co-Signer

    • If you have a friend or family member with good credit and excellent rental references, you may be able to find a place that would otherwise be out of your reach. A co-signer takes partial responsibility for the bills associated with a rental and will be the first person the landlord looks to if you are unable to fulfill your rental contract. If you're considering a co-signer, be aware that breaking your lease or failing to pay your rent could cause legal issues for that friend or family member, so make sure to pay your rent on time.

SHARE
RELATED POSTS on "Business & Finance"
Stamp Duty Mitigation
Stamp Duty Mitigation
Real Estate 101 - Understanding Mortgages
Real Estate 101 - Understanding Mortgages
I Sell Real Estate, Why Do I Need Technology?
I Sell Real Estate, Why Do I Need Technology?
Why My Retirement Is on Par With Property in Turkey
Why My Retirement Is on Par With Property in Turkey
Which Is Which? Buy or Rent?
Which Is Which? Buy or Rent?
Should You Pay Your Landlord If He is in Foreclosure?
Should You Pay Your Landlord If He is in Foreclosure?
How to Sell Your House Privately in 7 Days
How to Sell Your House Privately in 7 Days
A Guide to Going Bankrupt in Real Estate!!!
A Guide to Going Bankrupt in Real Estate!!!
Rooming Houses
Rooming Houses
Estate Planning 101: What Should You Include?
Estate Planning 101: What Should You Include?
Australian real estate reign to end?
Australian real estate reign to end?
Southend Builders: Your Home Our Responsibility
Southend Builders: Your Home Our Responsibility
How to Live Away From Modernity
How to Live Away From Modernity
How To Recognize A Good Laguna Beach Real Estate Agent
How To Recognize A Good Laguna Beach Real Estate Agent
Using Recycled Boxes During Your Move
Using Recycled Boxes During Your Move
Thinking of relocating to Glasgow? Well here are some of the things it can offer to your company:
Thinking of relocating to Glasgow? Well here are some of the things it can offer to your company:
FHA Roof Protocol
FHA Roof Protocol
Buy to Let Mortgage Quote
Buy to Let Mortgage Quote
Selling in Summer? Don't Forget About the Backyard
Selling in Summer? Don't Forget About the Backyard
Home Buying Grants - Free Money
Home Buying Grants - Free Money
Denver Decor - Sunrise Fresh Home Design Staging For Your Mile High Home
Denver Decor - Sunrise Fresh Home Design Staging For Your Mile High Home
Advantages You Get By Getting House and Land Packages in Perth
Advantages You Get By Getting House and Land Packages in Perth
Customized Long Distance Moving Solutions
Customized Long Distance Moving Solutions
Find Your Dream Home at Geotech Blessings
Find Your Dream Home at Geotech Blessings

Leave Your Reply

*