Can I rent an apartment with no credit history?
While not having a credit history makes it harder to prove you’re a worthwhile tenant to have, it’s not impossible. Know going into the rental process that you aren’t the first person trying to rent an apartment with no credit. Consider these strategies to help convince a property manager you’re a good tenant, even without the history to prove it.
Are no credit check apartments difficult to find?
There are a few major challenges in finding no credit check apartments. Weak credit history can not only make it harder for property managers to take you seriously, but it can also make it more difficult for you in a competitive rental market.
What should I know about my rental history report?
Once you are approved for a rental unit, know that you will start developing a rental history report. Be sure to pay your rent on time and in full, and follow all the rules established in the lease agreement so that your rental history report only has good information to report about you.
Can a landlord rent to a first-time renter with no record?
This is a common chicken-and-egg conundrum for first-time renters, since landlords are often wary of opening their doors to tenants with no record of paying rent. So if you’re young and/or have never rented your own place before, how are you supposed to convince a landlord that you’re a solid bet?
Can you rent an apartment without a current income?
If you’re able, even without a current income, offer to pay more upfront than just first month, last month and the security deposit. Adding in a few additional months of rent when you sign the lease can demonstrate that you’re financially able to cover the cost of living in your apartment.
How do you convince a landlord You’re financially able to rent?
Having proof that you’re financially able to cover rent, no matter the source, helps convince a landlord you’re able to rent. If you’re able, even without a current income, offer to pay more upfront than just first month, last month and the security deposit.
How can I prove I have enough money to pay rent?
In addition to proving you have money coming in to pay your monthly rent, there are other things that can strengthen your case. Shur suggests putting together the following paperwork to bring along for your meeting with a potential landlord: A copy of your last three years of income tax returns, proving your income history.