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Published at 1:07am
Published on 9/5/08
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TIPS FOR CO-OP BUYERS | TIPS FOR RENTERS
Five tips for renters
For you, the application process is mainly about paperwork. You can gain an edge over others by doing yours ahead of time, says Luke Constantino, a real-estate agent with RE/MAX Professionals.
1. Know your credit score. If you don’t have a recent credit report, get one before you start looking for an apartment (go to ftc.gov). “Nobody expects perfect credit from a renter, but a score above 580 or 600 is a plus,” Constantino says.
2. Know yourself: Do a background check through an online service like intelius.com.
3. Line up your fan base. Prepare a list of references in advance, and get a letter from your last landlord that brags about what a wonderful tenant you were.
4. Xerox stuff. Photocopy your driver’s licence, Social Security card and work ID.
5. First impressions count. When you meet with a building owner, dress nicely, be on time and bring all the information you’ve assembled. “Owners want to know who you are and that they’re going to get paid,” Constantino says. “Provide them with assurances, and you move to the front of the line.”
—Scot Meyer
