When your credit is bad (whether there are some good reasons behind this or not) you may find that it is more difficult to rent out the apartment that you would like. A landlord does not want to risk their investment and have someone in there who is not likely to pay the rent on time and may not pay utilities either. This is why they often ask to pull the credit report and take a closer look at some of your finances before you are allowed to move in. But what happens when you have bad credit in the past? Are you out of luck and won’t be able to get into the apartment that you would like?
The good news is that there are a few key techniques that you can use when your credit is bad to help you get into the apartment that you would like. One of these is to talk to the landlord about a short-term lease. While the 12-month lease is considered the standard at most apartments, it is a long time for both the landlord and the tenant to stick with. The landlord may worry that you will make the payments for a few months and then stop. If you offer to do a shorter lease, this gives you both an out if something goes wrong.
If this doesn’t do it for the landlord, then consider a month to month rent. This enables both them and you to end the lease at any time if they are not comfortable with the arrangement. It also demonstrates that you are a confident renter because you think that the landlord will like you enough to let you stick around each month. No tenant wants to pick up and move every few months (unless they are doing it for work), so this is a way to show your confidence to the landlord. You both can come up to an agreement that works for you.
Sometimes finding a roommate can be the solution that you are looking for when it is time to find the apartment of your dream. The two of you are able to split the rent and the utilities, making it more affordable to live pretty much anywhere that you would like. When you are ready to make the switch to a new home, come and check out our two bedroom apartments in Pittsboro to see if they are the right home for all your needs. With plenty of amazing amenities, lots of space, and an affordable rent, you will want to move in right away. Contact us today to set up your showing.
