How Do I Qualify To Rent A Home?

Friday, November 18th, 2016
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If you’re a first time renter you’re probably wondering what it takes to qualify to be able to rent a home. In order to a rent home, you must meet certain guidelines. Landlords are looking for the type of tenants that treat a property with respect and take care of their investments. If you are looking to rent a home, presenting yourself well and meeting the following tenant criteria will land you in a great place.

Have An Acceptable Financial History

To rent a home, your financial history should be clear of major collections, large debt, and extremely late payments. Negative items on your credit report include judgements, foreclosures, and bankruptcy. However, some landlords will forgive bad credit issues like bankruptcy. Landlords look for signs that you are responsible when it comes to your financial obligations. If you have some past problems on your credit report, try to find a landlord that will work with you.

Have Proof Of Adequate Income

One of the first things the landlord will look at to see if you qualify to rent is your proof of income. You must have a job that will produce enough income to support your monthly rent. Financial experts suggest you spend no more than thirty percent of your monthly income on housing. Fulfilling this rule can be difficult in more expensive housing markets, but landlords need to see that rent will not be difficult for you to handle.

Have Positive Rental History

Rental references are a great way to show your landlord that you are a responsible tenant. Landlords may look at a leasing database to see your rental background and check for late payments, evictions, or disputes. If you previously rented with landlords that don’t report such information, the prospective landlord may require a certain number of other references.

Many landlords will also review your status with utility companies to see if you owe them any money. This verification helps ensure that you are financially responsible enough to pay monthly bills consistently.

Ensure All Tenants Are Present When Viewing The Rental Home

Make sure all potential residents are there when viewing a rent house with the landlord. Most landlords want to know exactly who will be living in the house, and this includes your pets. They have the right to evict you if there are any unknown tenants or too many tenants living in the home.

Knowing how to qualify to rent a home is the first step of the rental process. Once you know this information, you can begin looking for the perfect rental house. To learn more about the qualifications to rent a home in Amarillo, Texas, call the experts at Highland Park Village today. We offer a unique rental experience at great prices. You can call us at (806) 335-1451 or Contact Us by email to learn more About Us. Don’t forget to look at our available floor plans and our specials! You can also visit us in person at 13300 Bandera Dr in Amarillo.