Apartment rental demand is up, notably because of the foreclosure epidemic that's sweeping the country. It is true that on a single token house values are dipping which means that it's never been a much better time to buy. Nevertheless, apartment managers are reporting record applications because more and more people are who previously had homes would now like to rent first before they can buy. Then there's the economy. As the number of jobless claims have declined somewhat according to the US Department of Labor, the speed of unemployment remains an issue and lots of families are finding that they're confronted with both a foreclosure and joblessness at the same time. How can one rent a property whether they have no job and therefore no certifiable income?
Ask to speak to the manager
When searching for a condo and you have extenuating circumstances, always speak with the manager directly. This puts your issue in front of someone who can do something about this as opposed to a front desk operative who are able to be prejudiced against you from your income deficiency. Inform the manager than you have been previously employed and that you have resumes out and have interviews lines up.
Show other assets
If you have recently sold your house you might possess some money in the bank that's equivalent to 3 months in rent. You will find however those that have not recently sold their home simply because they didn't have one. If you are just among jobs and don't have 3 months worth of assets in an account then use your 401(k) for those who have one. Other assets can include money market accounts, stocks, CDs, investments and other tangible sellable assets.
Get a cosigner
If you do not work and do not have money then you might want to get someone to cosign for you. This is often anyone once they have verifiable income, good rental background and an acceptable credit score. Cosigners could be a great way to be accepted for an apartment if you're not currently employed.
Search for sublets
Regular apartments will pretty much conduct job history checks and income verification on all potential tenants and the criteria for approval is usually Three times the quantity of rent. That simply means your income must be three times the quantity of the rent or else you either can need a cosigner or else you may need to look for a cheaper apartment. There are however, methods for getting an apartment that doesn't conduct these checks which is by looking for sublets. A sublet is an apartment that is under another person's lease but the person now leases for you or enables you to assume responsibility for paying rent. In lots of of these cases a credit check or an income verification check isn't conducted.