How to Make Sure You Qualify for Your Next Rental Home

Finding the perfect rental home can be exciting, but the approval process can

sometimes feel intimidating. Having worked with tons of renters and property management companies, I know the areas that hold many renters back from being accepted. Landlords want tenants who are reliable, responsible, and financially prepared, so understanding what they look for—and how you can prepare—can make all the difference.

Here are five key steps to help you ensure you qualify for a rental home smoothly and confidently:

1. Check and Improve Your Credit Score

Your credit score is one of the first things landlords review. It gives them a snapshot of your financial responsibility. Generally, a score of 620 or higher is considered acceptable, but some landlords may require higher.

If your score is lower than you’d like, don’t worry! Start by checking your credit report for any errors that could be hurting your score. Paying down existing debt and avoiding new credit inquiries can also improve your rating over time. For more info on raising your credit score, check out this post.

2. Gather Proof of Stable Income

Landlords want to make sure you can comfortably afford the rent. Typically, they look for a monthly income of at least three times the rent amount. To prove this, you’ll need at least your 2 most recent pay stubs, and bank statements or tax returns if you’re self-employed. Having these documents ready shows landlords you’re financially prepared and serious about renting.

3. Prepare Solid References

References from previous landlords or employers can give landlords confidence in your reliability. Positive feedback about your history of on-time rent payments, property care, and good communication can make your application stand out.

If you don’t have rental history, character references from employers or colleagues can also be helpful.

4. Complete Your Rental Application Carefully and Completely

Make sure you fill out your rental application fully and accurately. This usually includes providing:

• A valid ID (driver’s license, passport, etc.)

• Rental history (addresses, landlord contacts)

• Employment information

• Consent for background and credit checks

Having everything ready speeds up the process and shows landlords you’re organized and trustworthy.

5. Have Your First Month's Rent and Deposit

When signing the lease, you will be required to pay the first month's rent and a security deposit, which is usually equal to one month's rent. If you have pets, you may have to pay a pet deposit as well, and this amount will vary. If you do not have these funds ready, you will not be taken seriously nor accepted by a management company.

If you are moving from one rental to another, you may need to spend some time saving up, since you likely won't get your initial security deposit back until after you've moved out.

Bonus Tips

• Be honest: Don’t try to hide negative information. Property managers are often able to spot the lies, and will disqualify you immediately. Instead, be upfront and explain any issues like previous late payments or evictions and what you’ve done to improve.

• Have a co-signer ready: If your income or credit is borderline, having a co-signer with good credit can help you qualify. However, keep in mind that some landlords do not accept co-signers.

  
  

Need Help Finding Your Next Rental?

Navigating the rental market can feel complicated, but you don’t have to do it alone! Whether you’re searching for the perfect apartment or house, or need guidance on applications, I’m here to help. I specialize in helping renters find their next home, and eventually even become homeowners!

Reach out anytime for personalized advice or rental listings in your area. Together, we’ll find a home that fits your needs and budget!

Contact me today to get started!