Nevada is leading the nation in rental rate declines. This makes it an appealing state for transplants. Are you one of them?
If you're new to the area, you might be digging through real estate listings for the perfect rental home. How do you narrow down your options and make a decision? Sure, it's not as big of a commitment as buying, but it's still a big deal.
We're here to help. Read on for our top tips.
Define Your Wants and Needs
Before you start looking for rental homes, make a list of your needs and preferences. Of course, you have to prioritize your needs, but if you find more than one rental home that suits those needs, you can narrow down your options with your "wants."
Consider factors such as location, budget, size, number of bedrooms and bathrooms, amenities, pet policies, and proximity to things you need.
Don't forget to consider the neighborhood as a whole as well as the home itself. You may want to pick a neighborhood because it's safe, it's in the school district your child needs, or it's incredibly walkable.
Set a Realistic Budget
Determine how much you can afford to spend on rent each month. Note that many landlords will have income requirements, so you may need to make sure that your income is three or more times your rental budget.
Don't forget to take into account your other financial obligations outside of the base rent. Remember to factor in additional costs such as utilities, parking fees, and potential maintenance expenses (though landlords are responsible for most maintenance expenses).
Search Online Real Estate Listings
It's never been easier (or more competitive) to find rental listings. Use the internet to find apartments and rental houses near you. It's the best way to check out the entire real estate market at once.
Take advantage of online rental listing websites and apps to search for available properties in the neighborhoods you're looking at. You can also use social media as many real estate agents and property managers post rental homes there.
When you check the listings, make sure the properties are suitable for you. Often, listings are written in such a way that potential tenants can somewhat self-screen.
Visit In Person
If possible, you should always schedule a viewing before committing to a rental house or apartment. Photos can be deceiving, and you want to see the place in person before you sign a lease.
While you're there, look for anything that may be problematic, such as signs of damage or infestations. Don't be afraid to ask the landlord or property manager questions. That's what they're there for.
Find Your Ideal Rental Today
Digging through real estate listings for the perfect rental can be tricky. These tips will help you find a rental home that you'll love living in. As long as you know what you want and need, you know your budget, you use the internet as a resource, and you don't skip your in-person visit, you'll be fine.
Are you looking for a new rental home in Henderson, NV? At PMI Henderson, we manage many wonderful rental properties. We'd love it if you came to take a look!
View our properties today.
