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Renting an apartment isnt as easy as waltzing in and saying Ill take it!particularly in todays competitive rental market. With many prospective tenants to choose from, landlords can be picky, and they will prioritize applicants with a track record of paying off debts and respecting their neighbors and community.
What are red flags on a rental application?
Some red flags, like evictions or a low credit score, are obvious. Others are more subtle, requiring careful review by the landlord or property manager. Rental application red flags range from inconsistencies on the rental application to having an unrealistic move-in timeline.
How often are rental applications rejected?
In some cities, the odds of getting denied for an apartment can be as high as 30% or more, making it essential to understand why applications get rejected and how you can improve your chances of securing your ideal rental.
Is it safe to give my bank account number on a rental application?
These details let them see if youre financially responsible. However, be assured that your bank account numbers and other sensitive information are usually protected under various federal laws and landlords have a duty to keep this data secure.
How can I make my rental application stand out?
Capitalize proper nouns and street names. This will show the property you put in some effort to make your application professional and organized. A great way to stand out amongst other applicants is including rental references that can vouch for your character and speak about how you will be a great tenant.
Landlords should only deny applicants if they have evidence that the tenant would not be able to fulfill the requirements of the rental contract (e.g., unable to pay rent, would not take care of the property, pose a risk to other tenants, etc.).
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