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How to Prepare for Renting an Apartment

So you’ve found the right apartment, in the right neighborhood, and at the right price. Good for you!

But the challenges of renting don’t end there.

Here are a few things for you to keep in mind while looking for your next rental.

1) Get renter’s insurance.

Often times this will be required by your landlord but, if not, it's almost always a good idea to get coverage. While it might not seem like you own enough stuff to justify coverage, things like clothes, books, electronics, furniture, and appliances do add up.

Renters insurance is cheap and rates will depend on your coverage amounts as well as location.

2) Know your landlord’s responsibilities.

One of the benefits of renting is that the landlord or property manager is going to be responsible for maintenance and certain utilities - but it will likely be up to you to see that they follow through.

Be sure to review your lease agreement carefully to find out what your landlord is on the hook for, and what you’ll have to do yourself. Normally this isn't an issue, but, there are horror stories and, if you do get burned once, you'll suddenly be a pro at reading between the lines on your next lease agreement. 

3) Know your rights.

If you end up in a situation with a nightmare landlord, a difficult roommate, or a health and safety issue with a property, you’ll need to know what your options are.

For instance, in almost all cases, a landlord must give 24 hours notice before entering your apartment, and can’t seize a tenant’s property for nonpayment of rent.

Knowing these rights can save you a lot of hassle and help you avoid unlawful charges.

4) Meet the neighbors.

If possible, do this before you’ve signed a lease. Otherwise, you may discover that the guy in 5B likes to sing karaoke at 3AM while chain smoking cigars.

You can also learn a lot about the building, the neighborhood, and the landlord that the agent or property manager might not volunteer. Plus, after you’ve moved in, knowing your neighbors can help you out of a jam.

Following these tips can save you a lot of headaches in both the short term and long term, and ensure that your rental experience is as pleasurable as possible.

Hope you enjoyed this video post and if you want to get more real estate tips and tricks be sure to subscribe to my mailing list.

As always, any real estate related questions just call me at my office 425-205-0791 - talk soon!


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