So, you want to lease for now? Are you looking to rent??
I want to help you find the BEST PLACE FOR YOU.
You can always search available rentals on MLS website
Your favorite place to rent will probably have several other prospective tenants applying as well. So, let's make sure that the landlord picks the tenant that looks the most prepared every time, YOU!
Most landlords expect their tenant(s) to:
- Make a combined income of 3x Monthly Rent
- Have good-to-excellent FICO scores (mid-600s and up).
- Have first, last and security deposit (typically three times the rent ready to go by move-in.
The landlord is going to call your current and past landlords and also your employer to confirm you have steady income.
This gives you the opportunity to be totally prepared when you visit your first property and be the first to apply and move in. Following this will limit you scrambling for last minute documentation. You're going to have to produce this stuff when you find your next place ANYWAY, so quit wasting time and COLLECT THEM NOW!
Get these items right away:
- Rental Application
- Proof of Funds (PDF or JPG your bank account online)
- FICO score Credit History Report w/ FICO score
- Click the link above then complete one for EACH adult 18 yrs or older.
- Do not fill out the address
- Landlord will want to talk to current and past landlords and employers, so don't burn bridges!
2. Proof of Funds - THE MORE MONEY you can show the better!
- Bank Statements (first page showing the BALANCE & your name) - SCREENSHOT on your phone is ok as long as it shows your NAME and the $$ amount.
- Pay Stubs
- Tax Documents - especially important if you are self-employed
3. Credit Report w/ FICO score
- Most landlords will NOT rent to someone without first running their credit report.
- The credit report might show something you did not know about, and you want time to figure out what it was and be able to explain it to the landlord.
- You may be able to get this free through your bank. Otherwise, annualcreditreport.com will give you your report (without the score).
- When you run your own credit, it does NOT affect your credit score. It may appear on the report as a "soft hit".