Rentals in Sherman Oaks>Question Details

Arthur, Renter in Sherman Oaks, CA

where can i find apartment listings that except tenants with bad credit but very high income???

Asked by Arthur, Sherman Oaks, CA Tue Aug 23, 2011

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Everyone here posted some great resources but a couple things to keep in mind:

1. By law the security deposit cannot be more than twice the rent (ie if rent is $2,000/month then the deposit cannot exceed $4,000).

2. If you do prepay the rent, you have to do a minimum of 6 months worth, not any less.

Both of these rules are per CA law.

Hope this helps!
0 votes Thank Flag Link Mon Aug 12, 2013
You can find apartment listings online try craigslist or an agent could help by searching the MLS. Most landlords want to see good credit but beign upfront about your credit can save you time and frustration. Highlighting other positive factors like your salary (in most cases they want to see 3X the rent amount), length of time at work, and rental history. If you have the funds to pay for a higher deposit, then include this information as well.
0 votes Thank Flag Link Wed Dec 14, 2011
Any local agent should be able to help--or consider being upfront with the potential landlord as to why your credit is not so great; possibly offer a larger security deposit, possibly pre-pay some of the rent, offer letters of reference, etc.
0 votes Thank Flag Link Tue Aug 23, 2011
A large deposit may work.
Web Reference: http://www.umboc.com
0 votes Thank Flag Link Tue Aug 23, 2011
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