Renters: You Need to See What the Landlord Sees When Evaluating You
Remember the suggestion to avoid making judgments before walking a mile in another’s shoes? Renters should keep this adage in mind by putting themselves in landlords’ soles. Yet most don’t, and they pay the price for not having a better perspective on how the process really works.
For instance, a Millennial couple in Canada recently lamented not being able to rent. They assumed it was because of generational discrimination. They also blamed it on their income level. Their reasons are understandable; it can be tough to endlessly put in applications only to get rejected. But their tale also illustrates the point that far too many individuals simply don’t understand how renting really works. Show me a polished and prepared Millennial, and I’ll take her over a struggling Baby Boomer with a pattern of old habits any day!
Statistics prove that people are getting rental properties. Rentec Direct’s information from January and February 2017 shows that it takes an average of 3.54 applicants to find great tenants. But what separates the wheat from the chaff? That’s what would-be renters need to figure out.