Some of the biggest shocks to renters include:
- Having pets drastically reduces what’s available. Large pets narrow the selection even further
- Expecting a landlord to keep a rental vacant for over a month greatly reduces your chance of getting the unit
- Short term leases (less than a year) cost a landlord substantially, both due to lost income from vacancy and the cost of restoring and finding a new renter
- If you’ve looked at a half a dozen units and everything is way off the mark, then things are very unlikely to improve.
As a realtor it’s important to convey this information. As a renter it’s important that your realize that ignoring your realtor’s advice will quickly land you without a realtor. No one likes to be ignored, but more importantly your realtor doesn’t want to waste your time and the realtor’s time chasing possibilities that will never happen.
Benefits of Renting
While there are some obvious benefits to buying over renting, there are also many benefits to be gained from renting a property as opposed to purchasing a property.
Some of the benefits of renting include the ability to save money while renting for the purpose of purchasing a home, and the inclusion of amenities which the renter would not likely be able to afford if they were to purchase a home instead of renting. Renters are also free from most maintenance concerns. This is especially true in a condominium. The renter may be responsible for small items such as changing light bulbs but more extensive repairs are typically covered by the landlord.
If you’re looking for a rental unit, contact us to learn more about how a rental agent can help you find the best deal possible.