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6 Tips to Impress Your Potential Landlord

  You’re new to the rental market scene, and you’ve spent several weekends hunting for a place. When you finally locate one that’s exactly right for you, there are a dozen other people who want to check it too. You begin to stress, thinking about what you can do to distinguish yourself as the ideal prospective renter. But don’t worry! Although it may seem that getting an apartment is sometimes more competitive than getting into an Ivy League school, there are specific pointers that almost always work. We have done our research and now present you with the absolute best tips to impress your potential landlord and secure that place you’ve set your eye on. How to impress your potential landlord – A guide After you’ve found a property you want, you’ll have to go through the numerous levels of screening, references, and paperwork checks before you can settle in. Making the wrong impression on your landlord during these phases may result in your request being denied in favor of another prospective tenant. To avoid that, our True Property Management experts have the top tips for establishing a great initial contact with your landlord or renting agency. 1. Make sure you can afford the property The landlord needs to ensure that you really can pay the rent. Gain the favor of potential landlords by knowing the highest rate you can pay based on your salary — only look at rentals at or below this level. To determine your maximum, first know how much money you make annually, including all income sources. Then, divide your total annual revenue by 40 to estimate your ideal budget.   Before you even begin house hunting, ensure you have enough money on the account to cover the deposit and first month’s rent. Not having enough money to pay for a deposit if you locate a house and want to reserve it could be very uncomfortable and ultimately resolve in losing the place. It will be critical to put down a deposit fast to get your ideal rental property. 2. Have all your paperwork in order Most landlords will request a documented rental application. So, you will get a competitive edge if you can deliver it promptly. When it comes to renting out a residence, there are a few things that you must obtain. Furthermore, not having the paperwork on hand might create delays and potentially result in you losing out on another possible lease. Here are a few documents that will be required to guarantee the process goes well and without delays: Financial details – Be ready to submit bank details for your checking, savings, and other bank accounts – potential landlords may want approval to conduct a review of your assets. If you need to offer your social security number for a credit check, be sure you have it handy. Keep your checkbook close, too. References – Just like when seeking a job, you’ll need to have a list of references available for the landlord to check. References are frequently obtained from prior landlords and employers, colleagues, or friends. Make a list of at least three references and prepare their names, phone numbers, and email addresses.  Information about pets – Provide a vet’s note proving that your pet is immunized if you’re relocating with your beloved animal. Be ready to disclose your pet’s breed, size, and weight. Pro tip: Before you apply, know your credit score! Nearly every landlord and rental agency will do a credit check to assess if you have a good track record. You can impress your potential landlord by cutting a step there. 3. Present yourself well Dress formally when visiting an apartment showing and meeting with the landlord. There should be no ripped jeans or worn-out workout attire. Think what you’d wear if you were meeting your significant other’s family for the first time. Business attire isn’t excessive; a crisp button-down with neat trousers can create a great first impression. Appearances are as crucial to your potential landlord as they are to hiring managers, and the statement you want to portray is, “I will take care of the apartment just as well as I take care of myself.” You don’t have to go overboard, but a neat look makes a big difference. 4. Show up on time Nobody is impressed by waiting. A landlord will typically schedule showings in 10, 15, or 30-minute blocks, so you will throw off the entire schedule if you don’t show up on time. If you cannot attend your planned meeting, do call to postpone as soon as possible. Expect that you might not get another appointment because several other people are interested in the same property. The landlord will be impressed if you are the first client to arrive, prepped, and waiting with a smile. 5. Be open and honest You need to stand out among other applicants to land your dream apartment. So, be truthful, especially regarding any financial concerns, judgments, or credit problems. Your landlord will most likely check your credit report, so tell them right away if you think they should know something. You should also notify them of potential roommates and pets. Landlords usually appreciate the honesty and would rather have that than unpleasant revelations later on. 6. Don’t be afraid to ask questions. It’s always better to ask than to wonder. Arriving equipped with some questions to ask the landlord demonstrates your interest in the property while minimizing any complications occurring later in the tenure due to miscommunication. To conclude Following these six tips will show your potential landlord that you will be a reliable tenant with sufficient funding to cover the rent on time and take care of the unit. Overall, treat searching for a new apartment like job hunting. If you’re interested in the property, it’s critical to distinguish yourself from the rest of the applicants. To offer yourself the best chance to impress your potential landlord and be the one to sign the lease, you must be well-prepared, polite, and respectful. Good luck! Meta description: If you want to impress your potential landlord and get that dream apartment you’ve been thinking about, we have just the right tips. Article courtesy of: Betty White Photos used: …

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Storage Tips for Landlords

  Many people feel that being a landlord is an easy and quick way to earn money. However, they often forget about rental repairs, maintenance, and, in case of difficult tenants, having to constantly fulfill their demands. Another thing landlords have to think about is finding adequate space for keeping extra and backup items. For that reason, we’ve prepared storage tips for landlords. Not only will they help you learn how to keep your belongings in the safest way, but they will also make other tasks you face as a landlord much easier. Easy storage tips for landlords – ways to use the storage unit A storage unit is vital to your operations as a landlord. Therefore, the first thing to do is find a quality solution and pick a storage unit that suits all your needs best. An adequate storage unit will be helpful to ensure your property is in a top-notch state. Also, it will be quite useful when you are searching for new occupants or wanting to keep your current ones happy. Staging your rental to attract “the right” tenants When renting out a property, you want to stage it so that it looks appealing to the widest range of potential tenants. You want to show prospective tenants how your property can match their lifestyle, how you can fit in different furniture, maximize the space, and how to make their lives easier by creating a functional environment. The best way to achieve this is to stage your rental in a way that’s seen in show homes. That means going beyond what’s expected and showing your rental’s true potential. For instance, you should show off your kitchen equipment, add different ornaments and wall art to make the space feel more welcoming, and similar. By making your rental look desirable, you’ll increase your chances of finding good tenants. When trying to stage your rental in the most efficient way, you’ll need a range of furniture pieces and accessories. However, you won’t necessarily leave all of them inside after the contract is signed. You’ll need to keep them safe until it’s time to stage your rental again and search for new tenants. Renting a storage unit is an ideal solution for this. Providing space in case tenants want to bring their own furniture Some tenants, usually long-term ones, look for empty rentals and prefer moving in with their own belongings. Even though you have furniture and appliances to provide, they might feel more comfortable using their own things. In that case, you’ll need to put away your belongings until the next time you need to stage your rental, and renting a storage unit is your best option. Not only will your things be safe, but you can also extend the lifespan of your furniture. Your belongings will be stored in a climate-controlled environment so you’ll be able to prevent deterioration. Storing bulky items Sefl storage facilities encourage proper storage practices, so you can be sure your things are safe from damage and decay. But that doesn’t mean you shouldn’t take some precautions, especially if you plan on storing your belongings for longer than a month or two. Storage tips for landlords – keeping your furniture safe Here’s how to store your furniture in the best way. When storing wooden furniture, you really want to avoid damaging it. The best way to ensure this is to wax and polish your wooden pieces to protect their surfaces. Also, make sure to put blankets, scraps, or carpets between wooden surfaces, as it will help prevent potential scratches. You should also dismantle all possible items and put screws in a bag which you can tape to the item to avoid losing it. That way, you’ll save space. When it comes to sofas, you should store them standing upright on their arms. In case they are high-end or fragile, store them on their feet. Don’t forget to add folded blankets beneath the arms. That way, you’ll help them withstand the pressure of their weight and prevent potential damage. If you need to store mattresses, make sure to wrap them in plastic coverings. You can find ones specially designed for that purpose in various supermarkets or DIY stores. A good idea is to also check with the storage company you’re renting the unit from, as they can possibly help. By doing this, you’ll help mattresses keep their shape as well as keep them safe from dust or any potential damage. If you plan to store gardening equipment such as rakes or lawnmowers or other metal-based items like tools or bicycles, make sure to treat them with a rust inhibitor. A fine coating of oil could do the trick, too. This will help them stay in good condition. Meeting tenants’ needs quickly If you didn’t opt for the help of a property management company that will take care of your rental, you would need to be in charge of handling any maintenance issue that might occur. This can get especially difficult if you are renting out more than one property. From needing to change a busted lightbulb to a new TV, you need to be prepared for anything. The best way to go is to keep spares in your storage unit and have them ready whenever an issue comes up. It’s much easier than going to the store each time. Plus, you’ll surely get a discount when you buy in bulk. More importantly, you’ll be able to quickly react to your tenants’ requests and handle any issue in the shortest possible time. You will show how efficient you are, which will help you build a good and trusting relationship with your tenants. By knowing they can rely on you to solve their issues swiftly, your tenants will be more likely to stay at your place longer. The bottom line We hope our storage tips for landlords made your tasks that much simpler and quicker to handle. To make your life even easier, consider hiring a good property management company. That way, you can sit back, relax and collect your rent while they handle all aspects of your rental. Meta description: If you are looking to rent out your property but not sure where to keep your extra belongings, check out our storage tips for landlords. Article Courtesy Of: Betty White Photos used: …

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Paying your rent on time can help you buy a home

A couple of months ago, government-sponsored entity Fannie Mae allowed lenders to consider rental payment history in their decision to approve a loan. Now, Freddie Mac is joining their lead. The government agency is incentivizing landlords to report on-time rent payments to the three major credit bureaus—Equifax, Experian, and TransUnion. Why is this important? Through the new program, homebuyer credit scores can see a positive boost with up to 24 months of on-time rental payments. Now, True Property Management will be offering this as a service through their new Resident Benefit Package. As a part of the package, True will do positive credit reporting on behalf of their tenants to help boost their credit so, when the time comes, they may qualify to buy a home with a good interest rate. Roughly 17% of rejected mortgage applicants could have been approved if their rental payment history was considered. But so far, less than 10% of renters see their rental history reflected in their credit report. Moves like this can help make homeownership more accessible, especially to first-time buyers. To learn more about the Resident Benefit Package and how renting through True Property Management can help you with your financial and homeownership goals, check out the program …

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