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Timing, Research and Readiness Can Net Best Apartments

by Taylor Ryan — July 17, 2014 at 11:00 am 0

Rental Trends

This is a sponsored post by Taylor Ryan of Apartment Showcase.

We all enjoy getting a deal and saving some money. Apartment shopping can be stressful and time consuming. There a few things you can do in order to save yourself some time, money, and headaches.

Timing: This is simply a supply-and-demand scenario. If there are far fewer people renting during the winter months, then you’ve got a much higher chance of getting a better deal. When apartments sit vacant, the management company loses money.

A property is much more likely to be hard pressed for new renters between Thanksgiving and the first of the year. Less people are looking to move during this time frame, so the chances that the apartment community is offering a rent reduction is greater.

Set up an appointment and show up like you’re ready to move in that day: My grandpa used to go on cruises for nearly 80 percent off many years ago because he would often show up to the dock with a suitcase in hand on the day of a cruise departure. He was friendly, courteous, and pointed out that empty rooms meant lost opportunities to make money.

After you do your homework, set an appointment to view an apartment two weeks prior to the end of the month. Bring a recent credit report, two forms of identification, a letter from previous landlord(s) as to your competency. If you’re really playing ball, bring two blank checks for a security deposit and application form. Avoid being pushy; rent if they’re willing to take a deposit that day.

Off the beaten path: Sometimes apartment communities don’t do a great job advertising their dire need for people to fill their vacancies. Sometimes properties are run in an “old-school” fashion and many will rely on signs/ foot traffic to do all the advertising for them. Maybe you’re out running errands and spot an apartment community that seems like it could be worth exploring. There’s no harm in going in and getting some information from the leasing office, concierge, or looking up the property online to set an appointment to view the place later.

You’re often more likely to get a direct and quick answer for pricing and availability questions in person rather than over the phone.

Search online properly: Many rental properties advertise deals through websites like ApartmentShowcase.com. You can save a month’s worth of rent often by locating these deals, but be sure to let the leasing agent know where you found the community when you make your final decision to rent the apartment.

Get real reviews: Ask current residents if they like the community you are considering. Beware that while Internet reviews may get you the dirt you’re looking for, 62 percent people who write reviews are angry and venting about one particular occurrence and not the overall experience. Just make sure you “read between the lines.”

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