Rental Application Process Mistakes You’re Making! | 7 Rental Application Mistakes to Avoid


How’s it going everyone Matt Leighton and
welcome back to another video. Today we’re talking rental application mistakes. In this video, I’m going to give you 7 mistakes
to avoid when you apply for your rental property. This is mostly for applying to condos, townhouses,
and houses that are owned by a private owner but could also be used for applying to apartments. So with that being said, let’s get started. Number one is Negotiating before Applying. When I have a rental listing, I will get so
many calls and emails that say something like – Is the property still available and is the
owner flexible on the rent? Okay what? You haven’t even seen the place but you
want me to ask the owner if they’ll lower the rent? Will you be applying? Do you want to set up a visit? Can we see your application to make sure you
don’t have a credit score of 400? The time to negotiate is when you submit the
application. THere’s nothing wrong with negotiating. In fact, I almost encourage it depending on
the market. But your initial contact with the agent or
the owner should never be asking if the owner will lower the rent. Without an application, you have zero leverage
and you’re wasting everyone’s time. Mistake number two is applying too far out. In Virginia most properties come available
between 45 – 60 days from when the property is available to move-in. Yet I will still constantly get inquiries
from people looking to move 6 months in the future. Sure if you’re purchasing a property, maybe
there’s value there, but if you’re renting, I just can’t do anything for you when your
timeline is that far out. Some people told me that they were disappointed
I wasn’t able to help them. I’m like there’s nothing I can do! An owner won’t hold their condo in Clarendon
for you for 4 months so you can line up your move-in date perfectly. I can’t add value to your search until there
are properties available that are within your time frame. The best time to start looking for a rental
in the Northern Virginia area is 60 days from your move date. And even that is pushing it. If you are looking for a place and your move-in
date is more than 2 months in the future, you are wasting your time. You will be visiting places that will be leased
up by other people who are moving in the next few weeks. Most landlords will only hold their property
for a month so if you apply to a place in early June, they would be looking for an early
July move-in. Be aware of your timeframe so you’re not
out wasting your time. Mistake number three is not knowing your move
in date. If a real estate agent or owner asks you when
your move in date is, you better have an answer. If you say, “oh whenever I have a month-to-month
lease”. That is the wrong answer. You will go to the bottom of the order on
who will get to see the property. And you might say “oh well when I see the
right place, I’ll make a decision”, great that tells me that you’ve seen 50 places
and you still haven’t made a decision. In my experience, those renters that don’t
have the motivation of a firm move-out date are significantly less motivated to move forward
on a rental property. People move because there’s an underlying
motivation. And if you tell me that when I list a competitive
property and have 20 more people to get back to, I’m probably going to show the place
to the person that is mot motivated. So be sure you have a move-in date or a hypothetical
move-in date in mind so that the agent or owner knows you’re serious and not just
someone that enjoys looking at condos on the weekend. Number four on the list of mistakes people
make when applying to rentals is not including their Social Security Number on the application. Look I get it. Everybody is getting hacked. Privacy is a top concern. And you don’t want to give out your info. Cool. Neither do I. But you’re applying to live in a property. Imagine going to lease a car but then telling
the dealership that they can’t check your credit because you don’t want to provide
your Social Security Number. You’re going to get laughed out of the dealership. The owner needs to know your background because
they are making a significant leap of faith. Not providing your SSN will only delay your
application and it could cost you the place if there are multiple applications in on the
property. Mistake number five is not going into detail
on credit issues. Not everyone has perfect credit. I understand. Things happen. You might have a cell phone bill for $20 that
was from 3 years ago that is still showing up on your credit report and that is dragging
down your score. If we don’t know the background story, we’re
just going to tell the owner whatever the credit report says. Like hey, this person has credit problems. But if you say, “hey look I know my credit
looks a little bit dinged up right now, but I just paid off this collection, and this
account is much smaller now,” that back story will help you out significantly. Communication is key guys. If there’s anything that you think might
come up on the report, just tell the agent or the owner and let them know what’s going
on, it can only help you. Mistake number six is not having the first
month of rent ready when you apply. Look, by now all of you know not to rent from
a large apartment company because they will screw you, but what I will say is that they
have really good deals. Things like zero deposit. $500 deposit. No deposit, depending on your credit score. So when you move-in, you’re not paying a
lot of money upfront. This is framing the individual landlords as
pretty aggressive because the norm, this is the normal way of doing it is requiring one
month of rent due with the application. And
the security deposit due at lease signing. So before you move-in, you’re essentially
paying 2 months of rent. Now if you were to tour an apartment complex
and them immediately after, you meet with a landlord or agent to see a condo, you might
think the condo owner is asking for a ridiculous amount upfront. Guys, it’s normal. One month due with the application. Deposit due at lease signing. And some might try to negotiate those amounts
so you pay the deposit in increments instead of all up front. It could work. But if you’re already negotiating on money
before you move-in, the landlord may wonder if you have enough funds to make rent in the
first place, so it’s probably not your best bet. Be sure to have the first month of rent ready
when you look to apply. Mistake number seven is not knowing how many
roommates you have. This is for all you group homes out there. You should probably be working directly with
an owner because a real estate agent won’t be able to provide a lot of value to your search. It ends up being just another intermediary
to go through. So
when you are looking to apply, guys, know how many
people are going to be living there. I know in group homes people are always moving
in and out and trying to live with you one day and completely changing their minds the
next day. But get
your group together, whether it’s 3, 4 or even 5 people. Get everyone on the same page. Don’t waste other people’s time because
your living situating keeps changing. Be sure to know how many roommates you have
before you go out to tour places and before you apply. Oh and don’t even think about trying to
add someone after you apply or after you move-in. You will get caught you sneaky sun of a gun
and you could get evicted. Okay that wraps up seven mistakes renters
make when applying for rental properties. Hope you found the video helpful. If you did, be sure to hit that thumbs up
button. Thank you very much for watching. Until next time, create a productive day. Take care.

61 thoughts on “Rental Application Process Mistakes You’re Making! | 7 Rental Application Mistakes to Avoid

  1. You always provide helpful information. Thank you Matt. You should have thousands more followers 🙂

  2. That's all well and good, Matt, but what if you're a single, white, heterosexual male whose only rental
    history is in established share-houses due to consistently being refused on the basis of being a single, white, heterosexual male?

  3. Rookie landlord mistake, assuming that because someone has a decent credit score and a clean background they’re going to be a fantastic renter. Some of the absolute worst people haven’t been caught yet and maintain that clean background. Credit scores are overrated, it doesn’t define people down to a guarantee.

  4. very agent bias talk…..I would NEVER give an application unless we are set on a rental price! and I can tell you I have good credit – believe it or not but price is contingent on it so who cares…. and yes you can look early at a place and then know where your going to move depending on whats open there…. you can atleast know you want to move there when ready… you have to give 2 months notice so how can you give notice if you don't know where your going?? but u say 2 months way 2 soon to view places?? very deceptive… I would never use you and you lose a lot of critical thinking renters with your thinking here – Ive been in my place 10 years and paid over 150th with no updates…… u lose that income with all this nonsense…

  5. Ok so I agree with you and you should keep doing what you do because you can talk stuff out to let people who need help or just don't want to know you can talk and thank s for taking about this and like I said you should keep doing what you are doing 😇🤓🤔🗣

  6. So i have no credit and my boyfriend has lowish credit we are looking for a place more than 3x the income most landlords in so cal will only hold a unit for 2 weeks with a deposit so Its almost impossible to give my sister notice when slum Lords are crazy i have a service dog and i feel like I'm going to have to fight for everything every place wants 2 months deposit and the rent so 3 actual rent payments only 2 weeks notice and most places want 3 past rental historys 750 credit score and no pets so it's been rough…

  7. As a student, i'm confused. Well still trying to understand. Anyway, thank you so much for the info. 😊

  8. ▶▶▶ Get my new book: 46 Condo Buying Mistakes NOW –> https://www.amazon.com/Matt-Leighton/e/B00RTVS6PY/

  9. He is giving advice on renting a place where the landlord is trying to get rich. There are other landlords who just want someone get a long with. I've even heard landlords that are looking for parties.

  10. So let's say I rent an apartment, but didn't put my girlfriend on the lease because we weren't aware how things would go. I'm not allowed to go back and ask the landlord if she can be put on the lease later? And 2. Let's say I do put her on the lease, but I'm the one that's going to pay the bills because she is currently unemployed. Will she still be expected to pay because she's on the lease?

  11. Two of these I actually haven’t thought of and they’re so common sense. 🤦🏼‍♀️ Perfect timing, I’m making THE important call this Monday. Thank you!

  12. as a teen moving out for the first time, I have no credit, can i still get an apartment? i also am about to get a job. i start thursday. so i dont have 3 months of stable income (which the application im applying for requires) what do i do?

  13. low credit but high income, fiance started his own business so combined we are bringing in close to 8k a month but our credit scores aren't high. Would a landlord be willing work with us?

  14. Other problem is landlords or agents charging an astronomical amount of money for the application fee. There is absolutely no reason an application fee should be more than 30 bucks, any more than that, I automatically move on as I know theyll get the money, find a reason to deny, and keep the money.

  15. I disagree about how long a landlord will hold a property for you. I'm currently looking and several places I have looked at don't have apartments available for another 2 or 3 months, however they are willing to hold them if I wanted to put a deposit down on one of them – and I have at one apartment complex. It is the end of August now and my move in date isn't until Nov. 1. This works for me because I didn't want to move until then anyway. So I guess it depends on the place.

  16. Acyutally helpful vid. You can tell by the like/dislike ratio too. Watch the vid before you read the comments. Will be getting thumbs up from me lad 🏠👍🏽

  17. Classic…real estate Broker’s are the biggest crooks in the game…(here see this? You like it? Ok that will be 1st months rent plus deposit oh and plus thousands for me just for the questions I asked you)…😂😂😂 oh and if your not a 700+ credit score they want 0 percent to do with you. FUCK THIS GUY AND OTHERS LIKE HIM…Stephen paddock had a perfect credit score dick wad

  18. I don’t think the not looking at apartments more than 2 months in advance idea applies for apartments in college town, at least in the Midwest. Everyone here starts signing leases for the next school year in October-November. I just signed my lease renewal for July 2019-July 2020, and if I hadn’t, someone else would’ve signed it and made my apartment unavailable come July!

  19. I'm glad i saw this video because i have a HUGE CONCERN. My boyfriend & I are planningto get an apartment soon. He makes more money than i do, he has his own apartment so i assume he has credit. Will they still allow us to get the apartment although he makes the most, and we will have the money upfront to pay????

  20. This credit background checks is when it comes to renting a place matter fact is against Hiipa confidential laws to have some Jon or Jane Doe stranger to be noseying around your personal business,afterall is not like people are planning to buy the property.

  21. Oh and leasing a car is totally different from renting someone's property,the car becomes yours the rental doesn't.Nice try and fool people.

  22. What happens if I see there's a bigger unit in same bldg that just was added on bldg website, already signed lease, pre-payed deposit & rent 02-01-19, but what happens if want to switch unit??

  23. I’ll be looking to rent next September. My shared living lease agreement with have been met. So I’ll really be able to switch any month. You’re right though..my current situation is decent.

  24. Why would you negotiate after youve put in the application? Once the application is in youve already paid the application fee and taken a hard credit inquiry on your report, theyre asking questions precisely because they dont want to live or apply there if their conditions arent met

  25. My boyfriend and I are looking to move into our first place together. We both have good income, great credit, full time jobs, parental support, no criminal record or anything negative that could be found in a background check, no drugs or smoking or pets, my dad (a paramedic) is going to cosign. However, we are young and would be first time renters. We have been rejected by 3 places now and I believe that its because of our age and no rental history. Im 19 nearly 20 and he is 22. We are both very responsible, quiet and respectful. Definitely not the type to throw parties or destroy the place. We are very clean. But no one wants to rent to us. Its very frustrating. How can we prove that we are responsible?

  26. I have a question. I went to see an apartment yesterday and the landlord wants a $500 deposit with the application. He claims if we are not picked for the apartment the money will be returned. Does this sound legit?

  27. I was evicted from a place a long time ago, my friend was shot by his girlfriend not fatally and we were all evicted, well the managers of the apartment complex told me and my girlfriend that we weren't going to get the eviction on our records because we always paid on time and never gave problems before said incident, at the moment of the incident the police showed up of course and so did she and I done nothing wrong but the police cuffed everybody because they didn't know what was going on and they hadn't got the story straight yet. She started screaming at me and said that we were going to be thrown out that night, which I assumed either she did that to make the neighbors feel better or she was really that upset at that time which I can understand but I told her right then and there that I'm not doing anything wrong here me and my girlfriend were asleep I'm fixing to get laid out of these cuffs go back inside your f**** apartment needless to say she did and a few days later I guess she calm down about the whole situation and offered me and my girlfriend and apartment without she said her friend could not live there anymore which okay that's acceptable I told her no I think her for generosity to offer me and her place but we are going to find somewhere else to live and ask right then and there if we were going to get an eviction put on a record or if we can be released from the contract and she said yes we can release you from the contract lease and you won't get an eviction on your record well after we had talked that one time I had moved with my girlfriend and we moved to a different place and never went back to that apartment and she I guess lied to us and put the eviction on my record anyway even though we'd pay rent and everything on time never gave no problems except for that one incident. My question is how would I go about explaining that to a landlord because I am needing to find a place now and I'm not sure how I'm going to explain that to them…my credit is terrible I mean absolutely terrible and I have a felony from 10 years ago almost I have not been in trouble since then with the law or anything like that and I'm trying to bring my credit score up I mean would somebody be willing to help me or am I in some serious trouble?

  28. I never understood why your credit score has any part on whether or not you can rent. That should only be a factor if you have derogatory marks regarding renting history, utilities, etc. “Good” credit should only make a difference when buying a home.

  29. Hi Matt, I am about 2 days away from closing in on an apartment in NJ. I made the mistake of negotiating the monthly rent before submitting my app and was denied the negotiation (actually the broker said it was only able to go down 50 bucks, but I think that was anticipation to any negotiation brought up), now, a day or two later we ran the app. & credit/background checks and passed with flying colors yesterday. Do you think now is a good time to renegotiate monthly dues, after having told that it wouldn’t happen, only for 50 bucks? And if so how much is normally recommended in percentage % taking into account that I deff have the info to back up as an above average renter?

  30. Basically, the system, it’s owners, and agents wants people in desperate situations or to artificially create desperate mindsets. The reality is a lot of properties sit empty for months. The real owners of most properties are banks. Unfortunately, sometimes the agents are forced to conform to any of the landlords false expectations but should promote discernment, reason, and communication rather than projecting the artificial system.

  31. im having an issue with decent places becoming available im a month out can i expect places to become available or should i just jump on a place now in worry there will not be another place for later?

  32. I ask to prorate the first month if I'm not moving in on the first of that month. There's no reason to pay a full month of rent if I moved in on like the 15th. In that case I should pay half

  33. Dude lucky you. I guess you were born with a sliver spoon in your mouth. Not everyone can pay 4000. A month. SMH. No wonder there's so many homeless people. . It was never like. This in 2015 please

  34. Can i back out of moving into an apartment if i paid a security deposit but haven't signed a lease yet?

  35. Very understandable non-auto-generated captions — but they're running too far in advance of the presenter's voice. Good practical information, though! Back to listening to the rest of the video. (My daughter is currently job-hunting, and we expect her to relocate to wherever her new job is by the end of the summer. This will be her first apartment, so we (her parents) will be helping her move, and are prepared to co-sign that first lease if necessary.)

  36. any ideas on what you should do if you have more than enough money but no income? thanks!
    also do you work in georgia.?

  37. I’ve made a few late payments in the past due to me having been laid off from a job closing. I never had an eviction or anything. Credit is not bad. I was denied recently because of my rental history. Now, i’m not sure what to do? Idk What my options are or if i’ll ever have a chance at renting again.. 😩

  38. My husband has a credit score of 730, I started building credit about 4 months ago and am already at 530. BUT in order to meet the income requirements we have to combine my FAFSA grant, my part time job income, and his part time job income. No one wants to rent to 2 young 20 year olds who just barely meet the income requirements and have no rental history 🙁 any tips???

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