Sunday, March 29, 2009

Fighting for the Perfect Apartment

It's beautiful ... a loft Downtown with everything you've ever dreamed of having: hardwood floors, appliances, a view of the city.... but you aren't the only one who dreams of living here. The loft is in a high traffic area, and is in high demand. Here's what you should do to increase your chances of calling that loft home.
1. Dress to impressThe way you dress for an appointment is important. Don't come dressed like "Bosephus, the white trash donut-eater." If you're wearing overalls with chili stains, your landlord might (as hard as he or she tries not to) think less of you. You want to present yourself as responsible, successful and intelligent. (Note: This does not mean you need to dress in a designer suit, buy reading glasses and speak with a British accent. Landlords are picky, they are not stupid.)
2. Be honestIf you absolutely adore the property, there's no need to lie about it. Under other circumstances (i.e. the apartment is NOT under such high demand) you might want to play the "hmmm... maybe I like it maybe I don't" card in order to try to bargain for a lowered rent. However, if you know this apartment may be leased to ten other eager renters, this will only work as a disadvantage. If the landlord thinks you're uncomfortable with the price, he or she can just go with another renter who isn't and cross you off of the list.
3. Come prepared to move inBefore landlords can approve your application, they have to do a background check on your finances, previous landlords/employers etc. This process can be time consuming. Consider coming to your landlord with this information in hand.
Here's what you should bring to the appointment:a) Your credit report.Many landlords have to contact the credit bureau and request your credit report information from them. This takes time, money and energy, and if the landlord is busy, he or she won't want to mess with it. If you already have the report in hand, you earn brownie point number one.
Credit reports can be obtained on line by visiting Move's Credit Center.
b) References - Brownie point number twoTypical applications require potential tenants to fill out contact information for previous landlords and employers. Have this information ready when you go to the appointment and if at all possible, have a recommendation letter from a previous landlord and employer. This will prove to the new landlord that you aren't just full of hot air - that you really are as great a tenant as you seem to be.
c) A check - The final brownie point
What would you do if, on the same day that you went to apply for the apartment, the landlord approves your application? If you provide your landlord with all of the information listed in this article, he or she might do just that. If this happens, you should be fully prepared to write a check or have the cash ready for the initial deposit. If you don't, and the next appointment is with someone who does, who do you think the landlord will rent to? You don't want to lose the apartment because you weren't 100% prepared.
When you're competing with other renters for a unit, the landlord can afford to set his or her standards much higher. If you are willing to work a little harder, your chances of being "the chosen one" will increase ten-fold.

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