RENTING A PROPERTY
WHETHER YOU ARE A LOCAL OR A FOREIGNER, HIRING AN EXPERIENCED REAL ESTATE AGENT TO HELP YOU FIND A PROPERTY FOR RENT IS ALWAYS A SMART CHOICE. FOR MANY, RENTING IS A TEMPORARY SOLUTION TO THEIR HOUSING NEEDS; IF THIS IS YOUR CASE IT IS IDEAL TO FORM A GOOD WORKING RELATIONSHIP WITH A LOCAL REAL ESTATE AGENT WHO CAN HELP YOU WHEN YOU ARE READY TO BUY. AT JP REALTY WE ARE WELL CONNECTED TO THE LOCAL RENTAL MARKET AS WELL AS INVESTORS WITH RECENTLY ACQUIRED PROPERTIES WAITING TO BE RENTED. FOR ASSISTANCE IN FINDING A RENTAL PROPERTY THAT FITS YOUR NEEDS, CALL JP REALTY TODAY.
Renting a property requires many things. For example, it is expected, for the most part, that you have good credit, a job, and references. Most landlords are looking for tenants who will care for the property as if it were their own. They are also looking for an easy and quick experience. If you meet the criteria, the agents at JP Realty will prepare a package for landlords, facilitating the rental process.
The following information is the criteria needed to rent a home.
The following information is the criteria needed to rent a home.
- Have a Clean Credit Report – Landlords look for tenants that have a good credit score, typically 650, and above, and do not have collections from other apartments, utilities, and late payments on revolving debt. A big red flag would be any foreclosures, bankruptcies, evictions, and/or judgments. Landlords look for tenants who are responsible for financial obligations since the property is an asset under the landlord’s name and credit. If there are a few problems on your credit report you should take time to clear them up or provide valid explanations.
- Background Check – Most tenants will require you to have a local police report for a full background check at a minimum. They may have you possibly even do a criminal background check.
- Have a Stable Job with Enough Income to Maintain a Rental Payment – Several financial planners advise that your housing expense should be no more than 30 percent of the gross household income, which does not include utilities. Typically Landlords request 3 months pay stubs and bank statements to prove that tenants are able to afford the rent. If you’re self-employed they may ask for 2 years of tax returns.
- Have Positive Rental History – Landlords typically ask for reference letters from previous landlords, or perform leasing database searches. Something landlords stay away from are tenants who have any late payments or evictions on their report. If a previous landlord cannot provide this information, sometimes a boss or past roommate can write a reference letter of good faith.
- Specify Residents & Pets – Landlords want to know exactly who will be living in the home, including all pets. Being dishonest about tenants and pets on an application or lease is grounds for eviction and can create problems later on in your credit.
- Have All Funds Available – On a typical rental transaction, the tenant is required to have at least 3 months’ rent in available funds and any application fees. Some Landlords will ask for the first month, last month, and a security deposit, or the first month and 2 months as a security deposit. Landlords will sometimes also ask for an application fee to run a background check that you will need to pay for immediately. It is also good to have a check on hand in case it is an apartment in high demand and would like to put a good-faith deposit to hold the unit. 3 month back stub and bank statements and a current ID are also required. The buyer can choose their own attorney or we can recommend one for them.
- Keep constant communication throughout the entire process, and always be available to answer your calls.
READY TO SELL?
WE HELP YOU
SELL
When selling a real estate property, nothing is more important than getting the best sale price. You can count on JP Realty to use their years of experience and knowledge to help you achieve this goal! Our marketing team also has years of real estate appraising background. This makes us quite unique and in some ways better qualified to determine the best list price for your property in this competitive market.
BUY
Many people think of real estate agents as someone you call when selling a property. The fact is, an experienced real estate agent can also be quite instrumental when it comes to buying a home. Whether you are a veteran buyer with several closings under your belt or a first time buyer JP Realty can simplify the home buying experience by using our years of expertise to help you find the right home for you.
RENT
Not ready to buy? Looking to rent? No problem! Who should use a real estate agent to look for a rental property? You should! We have real estate agents ready to get you into a rental home that’s right for you and your family. At JP Realty we know the South Florida market, have helped many families and individuals relocate, find rent to own properties, or the stepping stone property they were looking for.
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