Good Rental History: Why this is Critical in Repairing Your Credit |
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By: Chuck Lunsford Posted: 2006-10-29 01:52:59 |
| We talked previously about establishing a good rental history. You must have two (2) years of on time payments. No exceptions. Some of you reading this may think this is the simplest part of the "repair effort", but many times there's a situation where the apartment manager has a bone to pick with a tenant and causes a lot of grief. We've seen everything from illegal eviction notices to bogus damage claims. What can you do to make sure you are protected? You can go to any library and obtain a copy of your states statutes regarding tenant rights. I suggest you become familiar with them in order to protect your rights.The best way to avoid any drama is to establish a good realtionship with your apartment manager now. One suggestion is ask if there's anything you can do around the complex to help out. Something as simple as picking up loose trash can make a huge impression. If there is an issue the key to resolving it is to address it immediately.Most apartment owners or managers want to know your future plans. If you tell them you are renting for a year or two with the intention of buying a home, they will probably work with you. After all, you are letting them know that your apartment will be coming available for rental in the future without them having to go through any hassles such as evictions.You are going to have to put forth the effort if you are serious about getting a broker to eventually find you a mortgage loan. Good rental practices work in any state, so no matter if you live in Florida or South Dakota it important to get off on the right foot. |
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