Rentals in Las Vegas>Question Details

djash01, Home Buyer in 89117

How do I get a rental when my credit is not good ?

Asked by djash01, 89117 Fri Jul 26, 2013

I am short selling my house and I have not been paying the bank for many months. Consequently, my credit has gone bad. I would like to move to a bigger house. I make more than 4 -5 times the money to afford the new house. However, every realtor/home owner is looking at the credit. How can I get the house when there is so much competition ?

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11
You will most likely need to put down an extra deposit or negotiate with the landlord.

Start your FREE rental search here: http://lvrealestatehelp.weebly.com/property-management--rent…


I look forward to hearing from you!

Best Regards,
Robert Adams
Broker/Salesman
The Adams Team at
Rothwell Gornt Companies
C:702-349-9175
F:702-932-8826
RobertAdams@LVrealestateHELP.com
http://www.LVrealestateHELP.com

CONNECT with me on LinkedIn: http://www.linkedin.com/pub/robert-adams/2a/971/a93/

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0 votes Thank Flag Link Tue Sep 3, 2013
Hi Djash

Get in touch with the many fine agents and property managers responding to your question.

Many times, an owner will ask for an increased deposit in lieu of your Credit issues, or depending on the circumstance why your credit is bad.

Some may ask for 6 months or a Year in advance rent.

Good luck.

Perry
Web Reference: http://www.ruthandperry.com
0 votes Thank Flag Link Tue Jul 30, 2013
Are you short selling? Trying to do traditional sale? Do you want to rent a house? Do you want to buy a house. What a confuse.
0 votes Thank Flag Link Tue Jul 30, 2013
Hi djash
I rent homes with no credit check as long as you can prove employment. I currently have a 2300 square foot 3 bed/3bath brand new home in Mountains edge available. If you would like more info please contact me at 702 373-3018.
Thank You

Tom Daly
REMAX Premier realty
702 373-3018
Tomdaly@cox.net
0 votes Thank Flag Link Mon Jul 29, 2013
Hi!

We are not looking at credit scores because many people are in the same boat as you are in. Steady income and the ability to pay your rent is more what we are looking at. Please give us a call about 3 weeks prior to when you are ready to move into a new property and we can see what we have available for you to move into.

Sincerely,

Demi

Demetria Kalfas-Gordon
ABR, GRI, RRG, SRES, REALTOR®
Licensed Property Manager

Urban Element Property Mgmt
Resolution Realty
1050 Indigo Dr., Ste 110
Las Vegas, NV 89145

(702) 839-2798
(702) 442-6160 fax
demihomes@gmail.com
0 votes Thank Flag Link Sun Jul 28, 2013
There are legal implications to doing a 'short sale' regarding validity of statements made to the bank on your current mortgage (and request for leniency or forgiveness of debt). You should have good legal counsel to advise you. Banks will be looking into the future for validity of statements made during a short sale.

Future credit will dependent on the circumstances of the short sale. You will need to do credit repair. In the State of NV, there are strict new laws in place for who is capable of doing credit repair, and very few companys that meet that criteria. I have done the research on all of the NV licensed companys.

Lastly, yes, it is a competitive market. You need the most knowledgeable professional to lead you to a successfully negotiated contract and escrow when there are multiple offers on properties. There are a number of alternative methods to purchase a home, rent to own, lease option to purchase, contract of sale, etc.

Please contact my office if you are not represented in Las Vegas currently.

Cordially,
Ann Scarff
Brokersales
Haines & Krieger Realty
Office: (702) 401-9588
email: amscarff@aol.com
0 votes Thank Flag Link Sat Jul 27, 2013
Not many people has good credit now.
So, We only check if you have stable job, good renal history. Enough money to pay rent. That's it!

Peggy Wu
702-685-5455
0 votes Thank Flag Link Sat Jul 27, 2013
Would recommend speaking with a local lender, they can give you advice on what you can do to improve your credit scores. With the short sale, it will probably take some time and hard work.

Good luck.

Spirit
0 votes Thank Flag Link Sat Jul 27, 2013
In todays environment, we look at all factors. It is not just about the credit score. I recently found a rental for a couple that had under 500 credit scores. Why? he had gotten hurt at work, lost his job and income, and many medical collections. We worked with the property manager and did ask for more deposit money up front. His wife had a steady job so it worked out. Many people are in the same situation. We look at the whole picture. Just because someone short sold or BK doesnt mean they cant pay the rent. With solid income, the rest of the credit is not late,such as car payments, cc bills, I would not be to concerned. A good agent to help you in your search can help in the process to find a rental and work with the listing management company to work out the details. Be prepared to pay more for security deposits even if you dont have to.

If you have any other questions, please contact me.

James Battaglia
Elite Realty
702-361-6994
jamesbattaglia@yahoo.com
lvhomeproperties.com
0 votes Thank Flag Link Sat Jul 27, 2013
Not to worry! I have helped many familues and individuals who have credit issues find rental housing. Owners and property managers are lookibg at more than just credit, since almost everyone these days have some kind of credit issue. Give me a call!
Donnelle McClain
Wardley Real Estate
702-758-2800
righthome4me@gmail.com
http://www.righthome4me.com
0 votes Thank Flag Link Fri Jul 26, 2013
I am a Realtor and Property Manager, I work with investors managing there rentals. I agree most Real Estate Agents and Property Mangers are looking at credit. If you have a credit issue we ask for 1st month and last month and security deposit and with income verification we can work with you.



Thomas Doble
Horizon Realty Group,
702-683-1337
Tgdoble@hotmail.com
0 votes Thank Flag Link Fri Jul 26, 2013
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