Featured Tips

  • No posts where found

Your New Rental Home

Your New Rental Home
  • Opening Intro -

    The decision to rent a home in today’s competitive housing market avoids the need to apply for a mortgage loan.

    If you’re planning to rent a home on your own, allow several months to identify and view rental properties in an average market.

-------------------------------------

If you want to rent a house in a growing Florida market, such as Miami, Tampa, Orlando, or Jacksonville, allow more time to view and compare available rental properties.

Innovative rental home property managers like Invitation Homes can help you find the right rental house. If work or lifestyle plans take you to Florida, Las Vegas, Los Angeles, Minneapolis, Sacramento, California’s Inland Empire, Atlanta, the Carolinas, Chicago, Seattle, or Phoenix, Invitation Homes Housing offers time and money savings to qualified applicants.

Before Renting a Home

Plan the features you need in a rental house before you begin to search for the right property. Most property owners require a minimum 12-month lease. Breaking a lease because you find the ideal rental home later can be costly.

Consider the features you want in a single-family rental home. For instance:

  • If you need three bedrooms and two bath single-family home, don’t consider smaller properties.
  • Identify neighborhoods served by high-quality schools if you have school-aged children.
  • If you’re physically active, choose a home with pool, parks, walking or biking trails.
  • Consider the rental properties’ move-in readiness. Look for freshly painted walls, renovated flooring, fresh countertops, and other items on your features list.

Determine your timeline for the move from your current location to a new rental property. If you’re planning a move within the same city, plan to view new properties at night or on weekends. If you live in another state, arrange at least one or two trips to look at properties.

Submitting a Rental Home Application

Before submitting a rental home application, check your credit. To qualify for a rental home lease, you’ll need good credit scores:

  • Dispute any errors on your TransUnion, Experian, and Equifax credit reports in writing at least a month before you submit the application for a rental property.
  • Submit documentation to help the credit reporting agencies (CRAs) remove the error. Some errors involve basic identity. For instance, if your name is improperly reporting on the credit report, contact the CRAs to ask how to fix the error.
  • Know your FICO credit scores before submitting a lease application. Discuss your credit scores with the prospective lessor to gauge your likelihood of acceptance. Learn if the lessor checks one or all three CRAs in the application process.
  • Requesting new credit generates a hard inquiry. An inquiry can lower your credit scores.

Has This Piece Been Helpful?

 

Advantages and Disadvantages of a Rent to Own Mortgage

 

When you’re ready to submit a rental home application, know that paying an application fee doesn’t guarantee approval of your application. The prospective landlord may perform a background check and credit check.

Never submit a false lease application. If your paperwork is falsified, your rental home application will be denied and your deposits and fees for the rental home may apply towards damages sustained by the lessor.

Equal Housing

Equal housing is the law. If you’re approved for Section 8 housing and have a Section 8 voucher, verify that your prospective landlord rents to applicants of all races, colors, religions, national origins, and familial status.

Home Remodeling reference:

AMAZONS BESTSELLERS: shop home improvement

-------------------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------------------

directory photos forms guide

Helpful article? Leave us a quick comment below.
And please share this article within your social networks.

facebook linkedin pinterest

Amazon Affiliate Disclosure: LetsRenovate.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. The commission earnings are used to defray our cost of operation.

View our FTC Disclosure for other affiliate information.

About Author

LetsRenovate Admin

From the administrative staff at LetsRenovate.com. We hope you enjoy this article and the elements of the site. Please forward any suggestions or comments regarding the posting or other suggestions for improvement. We also operate other helpful guides in education, money, travel, and business. Visit our main site for address information. Thank you. Please share this site with friends and family.