While the inventory is still low and demand high, finding an apartment can be difficult. 5th floor walk ups, tiny bathrooms where if you don't watch your step getting out of the shower you'll step into the toilet, and nearest laundry mat is 4 blocks away?!
Ok, no, not all Hoboken apartments are tough sells, I've listed and rented many a diamond but you have to be in the know and working with an agent if you're going to score one.
So, once you find a great apartment, here are 3 tips that will help ensure you are the winning bidder.
1. High Credit Score
Ideally your credit score will be in the mid to high 7's and extra points if your credit score begins with an 8. Landlords are looking for tenants that have a great credit history since the market is competitive they can be choosy.
2. Guarantors
Know that your credit isn't squeaky clean? Or maybe you just don't have any yet, if either are the case, definitely ask your parents if they would be willing to be your guarantor on the lease. This will make the landlord feel more at ease and would likely favor them renting to you. One note, your guarantors will also need to have good credit and available income to cover your rent in the event you can't pay.3. No Pets
Sounds crazy because Hoboken is super pet friendly, but more and more landlords are saying no to pets. And even though you are happy to offer an additional pet deposit, landlords can't accept it because it is considered to be more than 1.5 months of security deposit.
If you come across a landlord that doesn't want pets, I would recommend you offer one of two things.
A non refundable pet fee of $500 or, $25-$50 additional monthly rent. Sounds like a lot but if the alternative is you can't live without FIDO and are having difficulty finding an apartment then hopefully that should do the trick!
These 3 tips should help you snag a Hoboken Rental. If you'd like to search for apartments now, check out www.searchhobokenrentals.com or visit more complete listings by visiting my remax website.
This is great information. It reminds me of some new condos in Edmonton that I've looked at for my mother to live in. I'll need this as I get closer to making a decision. Thanks again.
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