First time renters advice is often hard to find!
Congratulations on making it to college! Or maybe its just stretching out your wings and leaving the Mom and Dad nest? Either way, the first time you need to find a rental home can be a scary proposition! A little bit of research goes a long way, and we at Windermere want to provide our first time renters some advice!
- Budgeting 101. Knowing how much rent you can afford is crucial to finding a new place! When you are reviewing your monthly expenses (hopefully with your parents. We are free) make sure your rent does not exceed 25% of your monthly total. This will ensure you always have enough money for rent, and your rental experience will be that much better!
- Make a good impression. Landlords these days are increasingly concerned about the tenants that occupy their homes. With an established credit history and a long rental record long time renters have no worries, but as a first time renter you need to provide additional paperwork showing your ability to rent! This will include an income statement and work history, basic bank account information, and an introduction letter/character references. If you don’t have any credit or work history, you will need a cosigner (Mom and Dad again! Once free, always free). Our landlords are very understanding and going the extra mile will make a great impression on your potential landlord.
- Understand the paperwork. The first time you see a legal document is a forlorn and scary scenario! Don’t panic! We are here to help you. If you have questions about the paperwork “legalese” feel free to ask, almost everyone does! We also have in depth FAQ and policy sections on our website. Feel free to use any of our resources to ease your concerns!
- Don’t skip the property inspection! When you move in make sure you complete the move-in inspection! We will do a walkthrough for any obvious problems, and we need your help to find any potential problems! This will also make sure you get all of your security deposit back upon moving out.
- Your deposit is safe! Discussing deposits is a bit taboo, and there is a lot of confusion about them! Here is the skinny: your rental deposit is protected by the state of Washington. Any potential charges or costs the deduct from your deposit are approved by the state. Washington State property managers have to maintain strict requirements to rent properties and handling security deposits is carefully regulated. You have no reason to be concerned about what will happen with your deposits! Big Brother has you covered!
Thats about it for our first time renters advice column. Don’t be afraid to ask questions and we are here for you if you want to talk! Remember that finding your first apartment is an exciting time and we at Windermere Property Management will be excited with you!
Oh yeah, Welcome to Pullman!
- The Windermere Property Management Team