7 Updated Facts That Help You Get Approved For An Apartment In 2018


What Landlords Want

It used to be a lot easier to get approved for an apartment, but during the past few years, rental rates have soared. Seven updated facts that help you get approved for an apartment in 2018. NSH Mortgage has the knowledge and tools to help you with getting a great approval rating on any apartment that you want to choose from.

In addition, landlords can be somewhat picky people. The result is that you need more than cash to get an apartment. You need a good rental application.

  1. Enough income to make the payments.
  2. The assurance that you will care for the property and not disturb neighbors.
  3. Good financial management, so you will pay on time.



Landlords want to be certain that you can afford the property without missing payments. Many landlord guidelines recommend that your before tax monthly income be about three times the monthly rent.

Seven factors that will help you become ready to buy your first home.

If you have no debt, great references from previous landlords and excellent credit, you may be able to push the envelope on this one. Or if you are willing to put up a bigger deposit or add automatic payments.



It might seem odd that taking good care of the property is the leading issue for landlords. But you can see why the condition is so important. There is any number of people with cash to make monthly payments. But if a tenant makes payments and also damages the property, the values of those payments diminish pretty quickly.

As a landlord it is understood that sometimes things tend to break and that from time to time the place requires repairs and replacements. For instance, it really does happen that at times your refrigerator may fail but, this does not every year or two. Electric stoves burners can also go bad but, if a tenant wants new burners every few months, you might be dealing with someone who does not know how to cook. That is not a stove problem, that is a tenant problem.

You can help yourself get approved for an apartment in two ways. First, obtain a letter from your current landlord saying that you have taken good care of the property. Secondly, do not be surprised if the landlord or the property manager wants to visit your current rental. Welcome them. Set out some food.


Consistent Payments

To landlords, rental payments are like air. They must be consistent and dependable. Late and missed payments can sink a rental application, especially if recent.

Tenants often think of landlords as fat and happy people with plenty of cash. This is nonsense. Just like everybody else, landlords have expenses. Some expenses are directly related to rental units, including mortgage payments, property taxes, and repairs. Rent to a landlord is just like a paycheck to employees. Fool with the rent and landlords will see that as a direct attack on their income and well being.

Rental credit score: You may need a higher FICO to rent than to buy.

The landlord is likely to check your credit, and many use rental reporting agencies which track tenants. However, not all landlords contribute to such services. If you pay rent in full and on time, then you really want to be included in such systems. It is a good practice to ask your current landlord if he or she is part of rental tracking service.

If your current landlord does not use a rental tracking service, there is an alternative. Make copies of your rental checks or bank statements showing electronic transfers for the last 12 months. Provide copies as part of your rental application to a new landlord.


Rental Applications

Your rental application is somewhat like a resume, it should provide a lot of good information about you with dates and numbers.

First, the landlord wants to know that you are you. Bring a government issued photo ID such as a driver’s license or passport.

Who will live on the property? Is it just you? Will there be a roommate? If there is a roommate, that person should submit information which parallels your own.

Moving Help

Next, we come to employment. Where do you work? How much do you earn? How long have you been with the same employer or been in the same field? Do you have a letter of recommendation from your boss? Who can the landlord call and verify the information with? Bring the last two or three pay stubs or two past tax returns.

What about pets? Pets are a big issue for some landlords because they can create a lot of damage. They also may present a significant liability for landlords in some jurisdictions. Always be sure that landlord pet policies are spelled out up front. If a landlord says no pets, look elsewhere for housing if that is a problem for you.


Renter’s Insurance

Some landlords require renter’s insurance. While the landlord will have the property insurance, it does not cover the contents of the unit. Additionally, landlords do not like being sued by tenants who believe that landlords are responsible for theft or damage to tenants’ possessions. Renter’s insurance protects you both, in a way. Offer to get renter’s insurance whether required or not to boost your application.


Getting An Edge

Offer to move in immediately or before the first of the month. You can pay on a daily basis during this initial period. This will help with the landlord’s cash flow.

Lastly, always have an explanation showing why you are leaving your current rental. Do not complain about the current landlord. Good reasons to move might involve:

  1. Some better locations that are located closer to work or play.
  2. The need for more space.
  3. Or a change of status such as the loss of a roommate.