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HAVE TIME FOR COFFEE?
Welcome to the neighborhood - why don’t you come over for coffee? Sound familiar? You bet! Can you entertain around a terrific cup of coffee - yes, indeed! Of course, your superb coffee must be accompanied by something that might include a wedge...
Landlord's Right to Enter
When you move in to a rental property, you agree to let your landlord handle many of the repair and maintenance problems. You also agree to lose some of your privacy rights. Unless your landlord is incredibly talented, he, or one of the people...
Living With Pets- Keeping Your Baby Safe
So, up to this point, your dog or cat has been your baby, but now there’s a little human on the way. It is normal and, in fact, wise to be concerned about how the two are going to mix. The chances are very good that everything will work quite well...
Sugar and Spice and Things Not So Nice
I may be mistaken, but it seems that the sweet little girls of yesterday have become so…bold! Actually, the word ‘bold’ is an understatement. I have noted many examples in the various settings throughout my community, but I do not believe it is an...
Treating Head Lice
Treating Head Lice by Margaret Tye Your children getting head lice is probably one of the worst fears of a parent and yet it is one of the most common health problems. If your children grow up without ever catching them you are lucky indeed....
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How Much Rent is Too Much Rent?
You want what every apartment renter wants: the most comfortable surroundings you can get for the lowest possible monthly rent. Some of today's newly constructed apartment communities have taken luxury to an entirely new level. Some complexes have gas fireplaces, TV monitors by the front door, drive-through mail service, and office equipment for their tenants, among other creature comforts. Every renter has to consider the importance of amenities like these. Are they important enough to you to merit a rent increase of perhaps $200 more than the rent you pay now, at a modest yet affordable complex? While some of us consider an apartment as just a place to hang one's hat, others place a premium on home surroundings. But how do you determine how much you can stretch your budget -- without ending up in the poorhouse in the process?
One suggestion, provided by Metropolitan Life Insurance Company, is to spend no more than 25 percent of your monthly gross income on your rent. For example, if your annual salary is $30,000 per year, or $2,500 per month, you shouldn't plan to spend more than $625 per month on rent. And although it goes without saying, it's important to remember that the extra money you allocate for rent in a slightly more upscale complex means less money for your other expenses -- utilities, loan payments, entertainment, food, and most important, savings.
Here's a short checklist of factors, provided by Florida-based Apartment Hunters, that you'll want to consider when checking out a neighborhood. Of course, some of these factors may mean more to you than others, and you may want to consider some additional factors of your own.
* Is it close to your place of employment?
* Is the neighborhood safe?
* Is it close to a good school system?
* Is it close to your church?
* Is it close to stores, banks and the post office?
* Is it close to public transportation?
* What are the parking regulations (if you own a car)?
First-time apartment renters share one thing in common: surprise at just how many hidden expenses they encounter. Hiring movers and paying your first month's rent only represent two small pieces of what can be a rather expensive pie. In addition, you're going to be subjected to a credit check, and you're required to prove that your
gross monthly income is at a certain level, in order to provide your complex with some degree of security that you can pay your rent each month. So if you've overestimated your financial abilities in the past, either failing to make rent payments or credit-card payments, now is the time when that history could come back to haunt you. Here's a brief run-down of some of those hidden expenses -- and pre-move procedures -- of which many renters either aren't aware, or that they overlook in the excitement and bustle of moving:
Security deposits. Security deposits range from $100 to a full month's rent; the average deposit is approximately $250. Some apartments require separate deposits for roommates. Credit application fees are generally $10 to $35.
Verifiable income. Verifiable gross monthly income is at least three times the monthly rent. For example, a rent of $500 would require a minimum of $1,500 gross monthly income.
Credit check. A credit check will be conducted by the apartment community or management company representing the community.
Rental history. Any previous rental history will be verified, and mortgage payments may be included as rental history. Additionally, some communities are also conducting criminal background checks.
Leases. All apartments require a written lease. Lease terms typically are seven to 12 months. Most leases are written for 12 months. Shorter lease terms and month-to-month options often are available at premium rates.
Utilities. You rent will often include sewer, water, trash, and pest control. Gas and electricity are almost always paid separately by the tenant.
Pet deposits. Although many apartment complexes allow pets, they require residents to pay dearly for the privilege of setting up house with Fido. Pet deposits are stiff, and tenants are charged per pet. Deposits range anywhere from $100 to $300 per pet, and either all or a portion is nonrefundable. Some complexes charge additional rent for pets -- on top of the deposit. Pet size is commonly restricted to 20 pounds and 12 inches in height, although some communities do allow larger pets.
About the Author
Since 1989 dan the roommate man has helped 1000's of people find roommates. Need help? Contact him at 800-487-8050 or www.roommateexpress.com
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