i am in need of a 3 bedroom home for rent as of june 1 my credit score is not that great but between my wife and i we bring home over 80000 a year

Asked by Robert Flynn, McKinney, TX Tue May 8, 2012

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Sandy Setliff, Agent, Anna, TX
Sat May 12, 2012
You've been given great advice and information by my colleagues and especially agree with Melissa that leases are approved on a case-by-case basis and that the time to get started on finding a home to lease June 1 is now. You might want to consider homes for lease in the communities of Melissa, Anna and other surrounding areas in addition to McKinney as outlying areas can have opportunities that may not be available elsewhere.

Once you find your home to lease would suggest you start on credit repair and position yourself to purchase a home so you can build assets, avoid future rent increases and enjoy the tax benefits. There is currently a builder in the area who will work with potential buyers in credit repair process allowing them to put a contract on a new home, work on their credit and by the time the home is complete their credit is in shape to purchase the home. If you would like more information please contact me.

Wishing you the best in your search for a home to lease!


Sandy Setliff
JP & Associates REALTORS
Exceeding Expectations
Direct 214-620-1615
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Melissa Hail…, Agent, Plano, TX
Tue May 8, 2012
The information below is accurate. Leases are on a case-by-case basis. Each landlord will have the ability to decide if they will approve your lease application. Please know that they will likely check not only your credit report but also your criminal background report. Most landlords also call prior landlords to check your payment history. The rule of thumb regarding income is 3x your monthly rent in gross salary, so based on the income you indicated you should able to lease a home up to approximately $2200 per month. Of course, you may be able to find homes for less per month.

As for finding a home available June 1, you definitely need to be looking right now. If you don't already have a Realtor, I would recommend you hire one. They can send you a list of homes available, show you the one's you are interested in, and help you to submit the application with the application fees. Please know that you will need to pay the security deposit up front (which is usually equal to 1 months rent), and then you will have to pay the first month's rent upon move-in. As stated below, if your credit is really bad you may need to pay a double-deposit....but that will be on a case-by-case basis with the landlords.

Another item you may consider is to write a short note/letter to the prospective landlord telling them your specific situation. Sometimes that helps a landlord understand your position and they may be more willing to work with you based on your circumstances (depending on what those are).

Good luck! If you don't have a Realtor - our team would be happy to assist you. We help home buyers and renters in McKinney and the surrounding areas. Feel free to call if you have any questions at all.

Melissa Hailey - North Texas Top Team, Realtors
Coldwell Banker Jane Henry Realtors

0 votes
Lisa Montes, Agent, Carrollton, TX
Tue May 8, 2012
Leases are on a case by case basis. Since you have substantial provable monthly income that should not be a problem. I would love to help. Please give me a call at 817-201-7388 or email me at yourhomeretriever@gmail. Check out more homes for lease in the McKinney area at http://www.yourhomeretriever.com
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Linda Lorenzo, Agent, McKinney, TX
Tue May 8, 2012
Hi Robert,
My office is in McKinney and I do quite a few leases. Most landlords realize that not everyone renting has sterling credit. If you are willing to increase the deposit and can prove your income it shouldn't be a problem. I always have my clients write a letter to the prospective landlord explaining their situation - is there a good reason for the not so good credit, if so explain it. In other words you need to sell yourself.
If you are not working with a Realtor I would be happy to assist you. There are a lot of homes for rent in McKinney right now. Give me a call or drop me an email with what you are looking for and I can get you started. Linda@LindaLorenzo.com.
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Patrick Jack…, Agent, McKinney, TX
Tue May 8, 2012
Hi Robert,

Some credit challenges can be overcome by higher deposits. It depends on the landlord. If that is a possibility, please contact me and I can work to find a property for you.

Patrick Jackson
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Dallas Texas, Agent, Dallas, TN
Tue May 8, 2012
Happy to assist you . I work with man families with credit issues in the leasing. I specialize in residential homes for rent

McKinney homes for rent McKinney Tx

Contact my office today
Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
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