Your First Place On Your Own! The Renting Blues…

July 28, 2015

The hype of renting your 1st apartment can get you into some big trouble.

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My 1st apartment wow do I have some great memories!!! But I had no clue of all the responsibility that came with living on my own. Being inexperienced on the financial considerations of renting I found myself more indebted than I was before I moved out of my sister’s place. This cloud had a silver lining as I learned how to help people try to avoid those costly mistakes.

Understand your budget. This is the 1st and most important part of renting. Take the time to look over your finances and have a  good understanding of what you can afford. Look at your total monthly expenses before you rent. After you figure that out determine how much you can afford on rent, the utility expenses, along with your monthly entertainment. Which when I was renting came before the utility expenses. Smh….

The lease is a very important piece of the puzzle. Trust me when I say, “Read over that lease with all of your attention!” Ask the landlord questions. If you don’t understand something that is in the lease don’t just ignore it only to convince yourself you’ll worry about it later. Just because it’s in the lease it doesn’t mean it can’t get taken out of the lease. EVERYTHING is negotiable.

The ideal time frame to start looking for an apartment would be about 3 months before your lease ends. And why do I say three months? Many landlords and apartment communities require their current residents to give a 60 day notice. That will get you ahead ofthe game! If you start looking too soon and fall in love with a place the landlord will not hold that apartment for you. Landlords look to lease their apartments with in 30 days of their current resident’s move out date. So don’t get the apartment renting blues by falling in love with a fabulous apartment to learn that the landlord won’t hold it for you for 6 months. As the old saying goes money talks! Apartment Hunting? We Can Help

ROC City Realty… “Your Real Estate Fashionista!”