When renting an apartment, your credit score and history is one of the most important factors you are up against. If you have great credit then you don’t need to read this, but if your like I was until recently and many others, you’ll probably need to jump through a few hoops to get the landlord to say yes.
Many of my customers think that if they have a co-signer or guarantor they’re in the clear. This might work if all your other ducks are in a row and your guarantor is in the state (usually not the case). What most renters don’t realize is that most landlords know that it’s almost impossible to recover rent from an out of state guarantor. So if you have one of those then you may be out of luck. Sometimes landlords don’t realize this and you may be able to slip it past them but if they have a good broker then they’ll be well informed. Therefore, local guarantors are a safer bet for everyone.
Another option is offering to pay one extra month security deposit. That is if you can afford it. This is usually much easier for roommates as they can more easily split up the deposit between the two or three of them. For a solo renter this is a tough one but often can be the difference between getting the apartment you want and settling for a dump.
Use a Real Estate Broker. Brokers in Astoria usually have long standing relations with the landlords they deal with. Often they can smooth over the rough spots on a credit report if it’s not too bad. A good broker can usually judge a renter on his or her character and convey the positive aspects to the owner. This can really make the difference.
One last thing is to provide (along with all your other documentation such as current pay stubs, letter of employment, copy of drivers license, and SS card) a letter, by you of course. Write a letter explaining your current and past credit situation. Write how you’ve been so good with your bills for years but are still plagued with mistakes you made when you were an irresponsible (and broke) college kid. Also if there are judgments that you have disputed then write that too! Anything along these lines can really help you. In the mean time you should start taking care of your credit now so the next time you’ll be prepared.
If you need advice on repairing your credit I can probably help. I’m not an expert but I repaired my own without having to pay anyone so I may have some tips for you. Don’t hesitate to call me at 718-578-3881 or email me with any questions you have. I often get apartment listings in Astoria where credit is not a criteria for acceptance.
