“If you’ve been in your current place for more than a decade and you’re still looking for a rental building, the first thing you should do is get your mortgage, and the second thing you can do is find an apartment or apartment-based company,” says Chris Tisdale, CEO of the rental building group Apartment Building Professionals, which is helping renters find housing options.
“And then you can find an affordable, safe rental building.”
There are hundreds of new rental buildings opening across the U.S. this year, but not every landlord is willing to rent to every renter, Tisdales says.
So it can be a little tricky to find a good fit for your needs.
And when you’re looking for an apartment, it’s also important to make sure you know the city codes, says Tisdales co-founder and CEO of Apartment Builders, David Renn.
“You want to make it a safe and safe place for everyone,” he says.
Renn says it can take up to a month to find the right apartment, which can be especially difficult for people who have a limited income.
And renters in need of a place to live have an even harder time finding a rental apartment in a city that has been gentrified.
Apartment buildings are often marketed to people who are already living in the area, he says, and are designed to accommodate renters who might need more space.
Rental building owners, who have little experience with rent, may not know the ins and outs of rental properties, and may not be aware of how to deal with potential problems, such as noise, Tindale says.
That can be even more problematic for people of color.
“The majority of renters are people of Color, and they have no access to housing, they don’t have the same access to access to affordable rental housing as people of the same race,” he explains.
“They’re going to be much more vulnerable to noise complaints and other things that could come up in a rental.”
That means that renters of color have higher rates of eviction, which are often passed off as landlord errors, Tjenn says.
And because landlords are typically less likely to hire people of colour, those rates are even higher.
“Rental vacancy rates for people with disabilities and other people of a certain race are also much higher than they are for people from other races,” he adds.
“If landlords are not hiring people of colors, they’re also not going to get qualified people.”
While many landlords are interested in renting to renters with low incomes, others are willing to lease to renters who can afford it.
“In my experience, there’s been a lot of landlord outreach and outreach to renters on low incomes,” Tjorn says.
“But that doesn’t necessarily translate into a great deal of rental housing, which makes it harder for people to find.”
He points out that while some rental landlords may be willing to make deals with low-income tenants to keep the property in good condition, the other option is to try to keep rent low and build a rental property that can be leased to renters of all income levels.
“That doesn’t always work out,” Tjonnel says.
Renting in the meantime, many landlords have turned to online rental sites to find renters.
“When you go online, there are hundreds and hundreds of rental apartments and properties out there,” says Tjordel.
“There’s a lot out there.”
While renting a place online can save a lot, he points out, it doesn’t guarantee a good rental experience.
“A lot of the time it’s not going do you much good,” he notes.
“I’ve actually found a lot that I wouldn’t want to live in.”
For renters of Color living in low-to-moderate income neighborhoods, the rental housing market is a mixed bag.
Rents can be as low as $200 a month, and many are offering monthly or even annual rent reductions, Tjonnell says.
For those who are not comfortable renting in a large city, there can be no shortage of places to rent.
In Los Angeles, for example, the city offers a variety of low-cost apartments, including two affordable units for rent on the Westside, Tjongnell says, while in New York, the cheapest apartment on the Upper West Side is $1,500 a month.
While some landlords are more open to leasing to people of all incomes, many don’t.
“We’re seeing a lot more landlords looking to lease apartments that are low-priced,” Tjongnel says, adding that they can be difficult to find.
“It’s definitely a more difficult process for renters of different income levels,” he continues.
“Some landlords are willing and able to work with renters on a monthly basis, but the rest of the landlords will be more focused on keeping the apartments vacant for rent.”
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