How do you make sure you get approved for an apartment?

Although each process varies, there are some tips you can follow in order to make sure you receive the apartment you want:

If you are in college, have your parents co-sign the lease.
Make sure your income is three times your rent.
Have a good credit score.
Appear to be an honest and responsible person.

What happens if you fail a credit check when renting?

If you fail a credit check, explain why you think this might have happened. If you know you can pay the rent, tell your landlord or letting agent. They might still rent to you if you offer to pay a larger deposit, more rent in advance or if you can get a guarantor.

Tips and Strategies to Get Approved

Run a tenant screening report, which shows your prior rental history.
Check your credit, which can cause a hard credit inquiry to appear on your credit.
Order a criminal background check.
Charge an application fee.

How can I increase my chances of getting an apartment?

Here are five tips for improving your chances of securing the apartment you’re looking for.

Establish a Solid Credit Score. Credit scores reflect your history of paying bills on time.
Make Sure You Have Renters Insurance.
Be Prepared to Pay a Security Deposit.
Ask if Pets are Allowed.
Screen Roommates Carefully.

What makes you not get approved for an apartment?

If you applied to an apartment where the rent was more than 30 percent of your gross income, the apartment community could deny you. If the income listed on your rental application doesn’t match verification sources (for example, your pay stubs or recent W-2 form), that could cause your application to be denied.

What is the best time to look for an apartment?

The ideal time to begin the search for an appropriate apartment is at the end of the month prior to the target move month; so, in this example, begin the apartment hunt during the last two weeks of July.

Why does it take so long to get approved for an apartment?

So why exactly does a rental application typically take so long? The answer lies in the three main components of the process. There are two items that need to be verified – your rental history and your employment and income. In order to do that, a property manager will send forms to your current landlord and employer.

What credit score will get you denied for an apartment?

Is Bad Credit an Automatic Rejection? By most landlords’ standards, the minimum credit score to rent an apartment is 620. But many landlords look past the credit score and search for specific activity on a potential tenant’s credit report.

What is the lowest credit score to rent an apartment?

Usually, the minimum FICO credit score to rent an apartment falls somewhere between 620 and 650. However, some landlords may be open to scores of 600 or lower, while others may consider 700 to be the lowest qualifying score.

Can I get an apartment with a 524 credit score?

A 524 credit score is a poor credit score. It makes it very difficult to qualify for credit or even apply for an apartment but it can absolutely be improved.

What kind of insurance do I need for an apartment?

If you have buildings insurance cover through your management company, it should automatically cover your legal liability as owner of the buildings for injury to others or damage to the property of others (e.g. a visitor trips within your home on an uneven step and is injured).

What should my rent be if I apply for an apartment?

The general rule of thumb for how much you should be paying for rent is 30 percent of your gross income. If you applied to an apartment where the rent was more than 30 percent of your gross income, the apartment community could deny you.

Where can I find insurent lease Guaranty for apartments?

The Insurent® Lease Guaranty will only apply to apartments located in Insurent certified buildings or buildings that will accept the Insurent® Lease Guaranty. You can search the Insurent® database of certified buildings. Presently over 400,000 apartments representing over 3,500 buildings accept the Insurent® Lease Guaranty.

What do you need to know about getting approved for an apartment?

Here is everything you need to know about putting yourself in the best position to get approved for an apartment. Remember, you cannot have someone else rent an apartment for you. The first thing any landlord is going to look out when filling out an apartment application is your finances.