Brooke Hengst's Blog

With vacancy rates anywhere between only 1 and 2% right now, it can be tough to find a rental property for those seeking a place to live.  Here are a couple tips for those looking for rental properties. 

-  Be proactive!!!  When you see something that looks like a good fit, JUMP ON IT!!  Call and be ready to fill our a lease application and have your deposit money ready to go! 

-  PICK UP THE PHONE!  If you want to find out information on a property, call someone rather than email.  Be ready to go take a look at the property and refer to the information above about being proactive. 

-  Note that landlords would prefer those who can commit to a lease that is at least 12 months.  If you are able to commit to this, let the landlord know this up front! 

-  Here are a couple good websites for searching for rentals:  www.craigslist.org, www.move.com www.rentals.com, www.rent.com, www.hotpads.com.

FOR THOSE RENTING NOW:
- RENEW YOUR LEASE NOW if you plan to stay!!  With the supply and demand of rental properties, landlords have every right to raise rents.  Negotiate the terms of your lease now to eliminate any unexpected annoucements from your landlord that the rent is being increased. 

- KNOW YOUR BUYING POWER!!!  Did you know that Buyers have never had as much buying power than you do RIGHT NOW??!  If you have any questions about this - contact me today! 

Thanks,
Brooke Hengst
REALTOR, CDPE
Your Castle Real Estate
(720) 988 5952
bhengst1@gmail.com
www.brookehengst.com

Seeing what is happening with rental vacancies being at an all time LOW, it only makes sense that rental rates up increased.  I’m surprised that Denver is not in the top 10 seen below.

Feel free to read the entire article at the link below:

http://www.inman.com/news/2011/01/24/cheaper-buy-rent-in-72-largest-us-cities