Post # 1
My fiancé and I are moving to the town next to us so I can be closer to my work. There are 2 subdivisions that are in a perfect location for us. We will be renting a house. I did not realize what an awful experience it would be and am hopeful someone has some advice or has at least been through this before. Our lease is up at the end of July so mid-June I started calling realtors. Most places are renting through property management companies so you have to go through a realtor. ALL of them told me to wait until the first week in July because everyone would be turning in their 30 day notices then. So we waiting. First house we looked at we fell in love with. We looked at it on Friday and told the realtor we would put in our application on Saturday. Well Saturday morning I get online to view the home and it is no longer listed. Apparently while we were looking at it the office was approving someone’s application. I was not prepared for the disappointment and told myself something better would come along. Yesterday we went and viewed a home, it was perfect and financially was an amazing deal. We told the lady renting the home (this one was independent and not through a realtor) that we loved the house and wanted to sleep on it and would call her in the morning. Well we called her this morning and she said “sorry I showed the home to someone else after you left and they are bringing me the deposit today” we even offered to bring her the deposit RIGHT NOW to please rent us the home and she just said sorry. The other issue we are having is the realtors helping us are less than helpful. They only return calls or emails half the time and in the timeframe of waiting to set up viewings of homes the homes get rented by someone else. We are only six days into this process. I don’t know what else to do. At the end of the month we will not have anywhere to live. We don’t have any local friends or family we could stay with and I fear we will be forced to rent something outside of our budget or outside of our area. I know that two subdivisions really limit us but it’s not lack of options is the fact that we can’t get anyone to help us. I guess I just didn’t realize it would be this hard and I’m starting to freak out.
Post # 2
Renting can be tough! We moved to a new city last year – nobody would call us back until December, and we needed to move in January 1. We gave notice on our old places and didn’t find a place to rent until 12/13. AND we were only able to see 3 places – one was not going to work, the other was rented to someone else, and the third we just lucked out on.
A friend in our new city also found a place at the last minute. I’m crossing my fingers that the same will happen for you!
Also – we ended up renting directly from a landlord. Property managers wouldn’t even call us back.
Post # 3
Are you working with the same realotr or different realtors each time? Try to stick to one, they will be more likely to make you a priority and make sure you find exactly what you are looking for.
Personaly I hate property managers. My BF uses one on his house and they are horrible, it takes a week for anything to get done, so I’d try to rent from an individual. I also have a rental property and don’t use a PM, my renters get what they want as soon as they communicate it to me and can reach me 24/7 where the renters in my BFs house can only reach PM 9-5.
Post # 4
Sorry for the 2 comments site keeps crashing and I’ve now written the response twice and lost it! So I was trying to quick!
When I was renting out my house I had a woman who wanted me to hold it for her over night, she was a friend of a friend and I knew she was in a bad situation so I said okay. Then she came back, wanted the lower the rent but didn’t have a price she wanted to stay under or anything, I said you need to give me a number. She wanted to sleep on it again. After a week I just told her no. I know that’s not what you were doing, but I’ve heard that story from several other people with rental properties so the woman might have just written you off. I had a second woman contact me but she wanted me to hold it as well (sight unseen) but I told her upfront I had other people coming to look at it and I was at a point where I couldn’t hold it because I needed to be able to pay the mortgage the next month. It turns out she was just interviewing for a job in the area and hadn’t even gotten a job offer yet. So seriously, don’t take not holding it or taking the deposit after it was promised to someone else personally. I know it’s frustrating.
Post # 5
Renting is tough. We are in an area where rentals have one open house, they receive 50+ applications, and its a done deal in 24 hours. The common theme in your story is that you have waited on houses you wanted to rent. You really just can’t do that. Since this is a rental and not a forever home, the worst case is you don’t like it and you’re stuck for a year or have to sublet…so I would not hesitate or fool around and go for it immediately. Think of anything you can bargain with that will put you ahead of the competition. We tried to buy a house last year and gave up after refusing to pay at the height of our local housing bubble, so we had the downpayment sitting. We were able to use that to pay up front for a year of a rental and that got us two places both with tons of applications. If you can find anything at all to offer, include that. I would also scour craigslist like multiple times a day. I got one place, because I was literally the first person to call the landlord, so he gave me first dibs. Bring your A game and I’m sure you’ll get something!
Post # 6
If you are looking in a hot rental market, you need to be prepared to say “yes” without sleeping on it overnight.
Know yor budget, have a list/spreadsheet of “must haves”, “nice to haves” and “must not haves”, so you can tick boxes and know right away if the house will work for you.
Post # 7
Hi there – Property Management bee here.
“The home you saw today and plan to lease tomorrow is the home someone else saw yesterday and plan to lease today”
I work with multifamily (apartments) and it is MORE true for houses. Houses are more home-ier, with yards and garages and will go FAST. Renting is at an all time high; you need to be able to apply then and there.
Post # 8
Oh, I once read have credit reports, proof of income, references etc. ready to hand over when looking in hot rental areas. It shows you are serious.
Post # 9
Wait til you go to buy a house, it’s even more frustrating lol…
But this kinda happened to us last year when we moved to a new area. We were moving from our college town where there were a ton of cheap options, to one of the wealthiest, high demand counties. We lost about 3 houses because someone would get to them before we did. If this is your situation, you need to be prepared to hand over the deposit right then and there.
Also, we found our house on Craigslist and the landlord owned several in our neighborhood. It only had 1 pic, but when we saw it in person, we need instant and basically begged the landlord to take our money right then. When we moved 11 months later, she had it rented again within 2 days of us moving out.
Post # 10
If you find a home you like, be ready to move on it. You can’t sleep on it. You should have checkbook and maybe even a copy of your credit report on hand and references ready.
Post # 11
Can you airbnb in the area while you look? That will take some of the pressure off. That and realizing that you need to move on it, because if you don’t, someone else will.
Post # 12
Have you looked on craigslist? Most places might be managed by companies, but you’ll probably still find some individuals who are renting out homes.
If you can’t find a rental in time, perhaps an extended stay hotel might help tide things over. Can you go month to month with your current rental? You will find something! Finding a place to live sucks so bad :(.
Post # 13
My experience with renting in my city has been, be ready to submit your application as you’re leaving the inspection. I always go to inspections with photocopies of ID documents and all the information I will need for the application (such as employer’s contact details, names of 2 referees and phone numbers) ready to go. I’ve also missed out on good places because I submitted my application the next day and lost out to someone who applied on the day of the inspection.
I also look for properties when I’m on holidays (I’m a teacher) and try to schedule individual inspections – if the place is advertised as open to the public on a Saturday, and I get in and apply with my impeccable rental history on a Wednesday, I might just get approved before everyone else has even seen it (this has worked for me in the past!).
The key message – be ready on the spot if you like the place.