Rentals in Bronx>Question Details

Latoya  Cart…, Renter in Brooklyn, NY

Do u need to have good credit for these apartments?

Asked by Latoya Carter, Brooklyn, NY Tue Oct 1, 2013

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Anna Brocco’s answer
As to the credit issue, much will depend on the landlord/building, each is different; however you can consider being upfront regarding your credit; be prepared to show proof of employment/pay stubs; possibly pre-pay some of the rent; possibly offer extra security; have some reference letters handy; consider a guarantor, etc.
0 votes Thank Flag Link Tue Oct 1, 2013
Latoya,

Good credit is very important today but it does not mean that you will automatically be disqualified if you have bad credit. There are a couple things that you might be able to do if you are interested in a certain apartment but are getting rejected because of credit. Please feel free to reach out to me so that I may better discuss.


Sincerely, 
Antonio Sanchez
Exit Realty Search
Licensed Real Estate Salesperson
3928 E. Tremont Avenue
CELL: 347-320-0673
FAX:    347-202-4966

antonio@exitrealtysearch.com
http://www.lovingmytown.com
0 votes Thank Flag Link Tue Oct 15, 2013
Latoya,

In most cases you definitely do, concerning your credit issue, much will depend on the landlord/building, each is different; however you can consider being upfront regarding your credit; be prepared to show proof of employment/pay stubs; possibly pre-pay some of the rent; possibly offer extra security deposits; have some reference letters handy; consider a guarantor, etc.

Call our office if your looking in the Bronx at 347-202-4965 we are open 7 days a week for your convenience.

Best of luck!

Millie Valentin
Exit Realty Search
3928 E. Tremont Avenue
Bronx, NY 10465
http://www.ExitRealtySearch.com
Web Reference: http://millievalentin.com
0 votes Thank Flag Link Mon Oct 7, 2013
Good morning Latoya,

I’m no real estate agent, just a humble Mortgage Banker, but I can give you some guidance on your search for the right rental apartment.

In my experience in the real estate trade, I’ve discovered that the consumer is best served by adopting some simple strategies, whether you’re buying a home, selling one, or renting an apartment.

First: remember that real estate agents work on commission. The better quality agents---and those with the most experience---will be testing you from the initial contact to determine if you’re serious and will commit to using their services. Why? Because real estate is like any other business; you don’t sit at a table in a restaurant to read the menu without actually buying food at some point. It’s the same concept: the experienced real estate professional has to earn a living by renting apartments to serious and qualified prospective renters.

Therefore, the smart consumer should be well-prepared and committed to respecting the real estate professional’s time. Prepare yourself with three fundamentals: amenities, location, and price.

Know your requirements for the apartment you wish to rent in terms of amenities (one bedroom versus three bedrooms; elevator building or private house), location (proximity to public transportation or need for parking), and price. If you present yourself as well-prepared you’ll have a better chance of working with an experienced agent who will work hard to find you the right apartment.

Second, start with the internet---especially TRULIA.com---but stay “local.” Don’t think a real estate agent in Brooklyn can find you an apartment in Queens, or vice versa. Here on TRULIA.com you can easily find a local professional by clicking on “FIND an AGENT” at the top of this page. There you can hone in on a seasoned professional in exactly the area where you wish to rent your apartment. TRULIA provides exceptional tools to help you as a consumer understand the quality of the professional you’re working with. Read the agent’s profile; check out the recommendations from previous clients; get to know the level of experience of the agent and the areas that agent covers.

Third, real estate agents are prevented by Federal regulations from answering certain types of questions. They cannot discuss schools or school districts, crime statistics, and a variety of other issues prohibited by Fair Housing regulations. If your agent is vague when you ask certain types of questions, now you know why.

Finally, demonstrate your level of seriousness to your real estate agent. Show up on time for your appointments to view apartments. If you’re required to submit documents for the Landlord to review with your rental application, get them into your agent’s hands pronto. Not only does this help you potentially get one step ahead of a competing renter, but you’ll be viewed by the Landlord as a responsible renter. Landlords prefer responsible renters, don’t they?

I hope that helps you improve the results of your search for an apartment, and helps you with a better quality experience.

Trevor Curran
NMLS #40140
Mobile: 516-582-9181
Office: 516-829-2900
Fax: 516-829-2944
PowerHouse Solutions, Inc.
1010 Northern Blvd. Suite 234
Great Neck NY 11021
Licensed Mortgage Banker – NYS Dept. of Financial Services
NMLS#3528

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
0 votes Thank Flag Link Wed Oct 2, 2013
Of course you need a good credit to rent any rental property. Most landlords are hesitant to rent to people that have low credit ratings.

Get in contact with a real estate agent that can assist you with this transaction.


Best of Luck,

Maria Cipollone

http://www.Flahomespecialist.com
0 votes Thank Flag Link Tue Oct 1, 2013
YOU ALWAYS NEED TO HAVE GOOD CREDIT THATS THE ONLY WAY THEY KNOW YOU ARE A RESPONSIBLE PERSON ANY OTHER QUESTIONS FEEL FREE TO CALL ME AT 718-606-5158


DANNY LOPEZ
COLDWELL BANKER
718-606-5158
0 votes Thank Flag Link Tue Oct 1, 2013
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