I’m a Real Estate Agent: Don’t Rent an Apartment If It Has Any of These 10 Problems (2024)

I’m a Real Estate Agent: Don’t Rent an Apartment If It Has Any of These 10 Problems (1)

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When searching for a new apartment to rent, it’s crucial to exercise due diligence and meticulous scrutiny to ensure a comfortable and trouble-free living experience. Before committing time, money and effort into your new home, it’s vital to steer clear of any apartments that display some significant red flags.

Renters should be vigilant in avoiding these 10 issues to save themselves from serious headaches in the future.

Dampness or Mold

Consider conducting the sniff test in various areas throughout the apartment. Musty odors or an overpowering scent of Febreze could indicate hidden mold or mildew — or someone attempting to mask an issue.

“This is [a] major issue that can cause health problems for those living in the apartment,” said Alex Locklear, realtor and founder of NC Cash Homebuyers. “The best way to determine if there is mold or dampness in the apartment is to inspect it yourself. If you notice a musty smell, spongy walls, visible mildew or water stains, then do not rent it — no matter how nice it looks.”

Sporadic Water Pressure

“Water pressure is very important,” Locklear said. “If you experience sporadic water pressure, do not rent the apartment. It could be a sign of severe plumbing issues and will cost you time and money to fix it. Try to inspect the water pressure in multiple areas of the apartment before signing a lease.”

Similarly, if you encounter leaky plumbing throughout the apartment, it could be another warning sign of an unsuitable place to live. Be sure to inspect under the sinks before signing the lease.

Inconsiderate Neighbors

Your apartment should ideally provide a peaceful haven for rest, work and daily living. Loud noises from neighbors, nearby busy roads or noisy train tracks may disrupt this peace. If you’re sensitive to loud sounds, it’s wise to reconsider. Additionally, take a look at the common areas of the apartment complex for further insights.

“If you notice pet waste scattered around the common areas or sidewalks, take it as a sign,” said Erin Hybart, the lead listing agent at Clients First Realty, LLC. “It’s likely an indicator of inconsiderate neighbors who don’t clean up after their pets. And if they’re that careless in shared spaces, imagine what else they might be neglecting!”

Faulty Appliances

Old or faulty appliances can pose safety hazards and may indicate inadequate maintenance by the management.

“Faulty appliances can be a constant headache,” Hybart said. “Imagine your fridge breaking down when you least expect it. Your landlord likely is not paying for your spoiled food.”

Unreliable Management

Committing to an apartment managed by unresponsive landlords, maintenance teams or management can lead to frustration, unresolved issues and an overall unsatisfactory renting experience.

“If it’s hard to get in touch with management or maintenance, that’s a bad sign,” Hybart said. “You want someone who’s responsive to your needs.”

Limited Parking

Apartments without essential amenities like parking, laundry or storage options may not be worth the compromise. Limited parking can be a daily inconvenience, especially in crowded neighborhoods.

Investing for Everyone

“Limited parking can be a daily hassle, especially in a busy neighborhood,” Hybart said. “You don’t want to circle the block for an hour every day.”

Maintenance Mishaps

A poorly-maintained building is a significant red flag. Look for issues such as leaky faucets, malfunctioning appliances and peeling paint to assess whether the apartment is adequately maintained.

“Slow or non-existent maintenance can be a massive pain,” said Adrian Pedraza, real estate agent and owner of The California Home Buyer. “My company once flipped a property where the previous tenants had endless complaints about leaks that were never fixed. That’s why it’s essential to check reviews or chat with current tenants if possible.”

Hidden Costs

Beware of hidden fees that may not be mentioned in the lease agreement, such as parking fees or utility costs.

“Always watch out for the add-ons,” Pedraza said. “Parking fees, maintenance charges and even some sneaky utility bills can catch you off guard. A buddy of mine thought he’d struck gold with a cheap apartment, but later on, he was drowning in hidden costs.”

Ask your landlord about these expenses before committing to an apartment that could lead to unexpected financial burdens.

Too-Good-To-Be-True Photos

Sometimes, photos can be deceiving, and what you see on the apartment’s website looks very different in reality. Avoid falling victim to false advertising.

“Ah, the power of photography,” Pedraza said. “Some landlords have a talent for making spaces look bigger or brighter than they are. Always trust your own eyes and visit in person.”

Investing for Everyone

Evidence of Pests

“Evidence of pests like mice or roaches is a big no-no,” Hybart said.

If you spot any signs of rodents, co*ckroaches or bed bugs, it’s best to steer clear. These pests not only pose health risks but are also difficult to eradicate and can infest clothing, bedding and infrastructure, leading to major issues down the line.

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I’m a Real Estate Agent: Don’t Rent an Apartment If It Has Any of These 10 Problems (2024)

FAQs

What credit score will get you denied for an apartment? ›

Q: What credit score will get you denied for an apartment? A: Scores significantly below 600 often lead to rental application denials. However, the threshold can vary based on the landlord and apartment type.

Why do rental applications get rejected? ›

As a landlord, what are the biggest reasons you deny an application? Lack of income - we won't accept applicants who can't afford to pay the rent. We want to see stable income. Bad credit - we look at credit reports, specifically looking for a history of non-payment of bills, and for judgements from past landlords.

Can you use savings as proof of income? ›

Bank statements can be a great way to prove your financial solvency, especially if your pay fluctuates weekly, as they reflect your income, expenses, and cash reserves. Having a decent amount of savings in the bank can offset the fact that your monthly earnings may fluctuate from time to time.

How to get an apartment in NYC without a job? ›

Below are some of the ways you can do that.
  1. Get a Guarantor. Get a Guarantor. ...
  2. Find a Roommate. Find a Roommate. ...
  3. Find a Private Landlord. Find a Private Landlord. ...
  4. Get a Credit Letter. Get a Credit Letter. ...
  5. Ask for References from Previous Landlords. ...
  6. Use Unemployment Benefits. ...
  7. Consider Getting a Personal Loan.
Apr 5, 2022

Can you get an apartment with a credit score of 500? ›

Though this is below the recommended minimum of a 600 credit score, you can get an apartment with a 500 credit score.

What does a landlord see on a credit check? ›

On e-renter.com, for example, landlords request certain credit requirements, and the site tells them whether the tenant meets them. Reports may also include evictions, bankruptcies, collections and other background information.

Why do I keep getting rejected by landlords? ›

Income and credit history

A landlord wants to be assured that a tenant will be able to pay rent on time each month. If a prospective tenant's income appears too low or if their credit history reveals a large number of debts or a history of late payments then the landlord is free to reject the application.

How do you respond to a rental rejection? ›

It is not recommended to complain or criticize the landlord's decision. Simply state your case and ask them to reconsider. In the event that your application is ultimately denied it is best to understand why it was denied so that you can address it for the next property.

Can you apply for the same apartment twice? ›

For the most part, it only makes sense to reapply for an apartment if the reason you were initially rejected is no longer applicable. For example, if your income fell below the required minimum, but you've since secured a raise and now earn enough to cross the threshold, submitting a new application could work.

What to say when a bank asks for your income? ›

Most banks define income broadly, so consumers should feel free to include a spouse's income or investment income, Rossman said. If your pay is lower than what your lender has on file, consumer advocates say it is best not to respond to maintain your current credit limit.

What is a legit proof of income? ›

One of the most common forms to verify proof of income is a pay stub. Pay stubs are generally used because they offer information such as the job title, the gross income in the pay period, the actual income, year-to-date tax deductions, and much more.

How much savings should I have to rent an apartment? ›

How much money is needed to rent an apartment is a critical question. To cover all the costs discussed above, it is advisable to save an amount equal to at least 3-4 months' rent. This should cover the first month's rent, the security deposit, and the last month's rent.

Can you live in New York without a job? ›

A: While you can theoretically move to NYC without a job, it's important to know that the job market is pretty competitive. Ideally, you'll move with a buffer of several months of savings, giving yourself plenty of time to land a new gig.

How to rent an apartment in NYC without credit score? ›

Therefore, if you're renting an apartment in Manhattan or Brooklyn without credit, you will need to establish your credibility using a guardian's credit history. Once your parent or guardian is on board, your rental company will obtain their credit history via credit bureaus, NAIL, or a tenant screening device.

Can you find an apartment in NYC without a broker? ›

Word-of-Mouth. There is good news for those who would prefer not to pay hefty brokers' fees: a substantial number of New Yorkers find their units by word-of-mouth, mostly from friends, relatives, and co-workers. If you're looking for an apartment, make sure everyone you know knows that you're looking.

What credit score do most apartments require? ›

Landlords generally prefer a minimum credit score of at least “good,” which is 670 to 739. A score at or above that range will make apartment applications easier. Still, even a “fair” (580 to 669) or “poor” (300 to 579) score won't necessarily put the kibosh on your rental hopes.

What credit score will get you into an apartment? ›

Credit score requirements for apartments vary by landlord, but most require at least a 670. Landlords can also view your credit report for any delinquencies or accounts in collections.

What is the lowest credit score to rent? ›

Generally, most landlords require applicants to have a credit score of at least 620 to be considered for rental housing. This means that if your FICO score is lower than 620, you may be denied an application or asked for additional security deposits or co-signers before being approved.

Can I rent a house with a 600 credit score? ›

Renters with low credit scores, such as under 600, may have more trouble qualifying for a rental house or apartment. If you do receive approval, you might have to put down a higher security deposit when you sign the lease.

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