Every apartment, duplex, condominium, townhome, and house in Austin is going to check four different criteria:
If at least one of these is a problem you could get denied and lose your application fee. However, Austin texas apartments will interpret each of these criteria slightly differently. That's why working with me is a smart move.
The language of Apartments
What does look and lease mean?
These are the specials that Austin texas apartments offer you to get you to fill out an application today. They are often substantial. A month free, $200 off your first month, 2 weeks free... you used to see them all over town. Now the market is hot again and specials are disappearing. All the more reason to use an Austin apartment finder.. Call me and I'll let you know about the best deals around. 512-258-5200 or 888-217-5200
The ad said zero deposit! Why do they want $150?
This is the admin fee and almost all Austin Texas apartments charge for it. But they don't advertise it...they don't have to. What you see in all these little apartment publications is 2 months free rent... what they don't tell you is its prorated over the term of the lease or you see 0 deposit... again what they don't tell you is, they have an admin fee. From your wallets point of view its a deposit. From your wallets point of view you pay prorated rent the day you move in. Pretty slick huh...with me or any other Austin apartment locator you get straight answers. At $3.00 a gallon for gas, why waste your time driving around.
What is an administration fee?
An apartment Administration fee, is a fee they charge you to handle the processing of your application. It feels exactly like a deposit. Often times you will see 0 deposit $50 admin fee. You have to pay $50 to get in. Admin fees are non-refundable.
What kind of lifestyle can I expect in an apartment?
In an A+ property, you might be amazed if you haven't leased for a while. Workout facilities, business centers, theatres, superb apartment maintenance, trash pick-up, and an apartment that is spacious, with ceiling fans, 9 ft ceilings, updated appliances, accent walls, Jacuzzi's and very nice pools are all fairly standard. But remember...location, location, location. Living in a gorgeous apartment in Cedar Park and working downtown or way south may wear on your nerves pretty quick...I mean the commute. In a good B+ property, you may not have all the bells and whistles... but many of these Austin texas apartments have a lot of character, with old oaks all over, and deer grazing 10 feet from your balcony, its a different lifestyle. A good Austin locator understands the psychology behind housing and can help you make that decision, while keeping your commute and budget in mind too.
What is an A property?
Austin texas apartments are classified A, B, and C. Its not like a report card, but refers to the age of the property. Properties constructed from roughly 1990 up are considered A properties, If they were built in the 1980's, they are B properties, C properties are from the 60's and 70's. When you're looking for your new home you want to concern yourself not only with the property, but the area as well. Many B properties and most if not all C properties don't have w/d connections. But they may be located in a great area like Far West. Most Central Austin properties do not have w/d connections.
How much does a two bedroom apartment cost?
How soon should I start looking?
That's a tricky question. If your lease is up in 30 days are less, you will want to start yesterday. Call me and I'll get you the best deals and specials on apartments in Austin Texas. If your on a 60 day notice and you go to another property that works on 60 day notices... again ...no problem. But if your on a 60 day notice and the property can only hold the unit for 7- 15 , maybe up to 30 days or so....then its a problem. Remember ...occupancy rates are as high as 98% in many apartments in Austin ,Tx. with 93% to 95% being the norm. That makes getting you what you want competitive. Austin is hot again!!!...and that's bad news for renters. The 60 day notice is a nasty little trick that could lock you into a lease longer than you bargained for because for the most part you cant lease an apartment, house or duplex until at least 30 days out..but at that point you've already put in your notice at your current address and don't have a place to live lined up...in other words your in a panic about where your going to live for 30 days before you can even start to look. Any good Austin apartment locator canhelp you if your in this situation....sit tight.... stay in touch with them and let us get this solved for you. I recommend you call me...having been in that exact situation myself before... We sympathize. 512-258-5200
What do I need to bring with me when were looking?
All properties will require identification. For most people that's a driver license or picture ID. If you decide to lease, you will also need your checkbook or a money order to hold the unit. No property will accept cash. Only a very few take credit cards. Most properties ask for 3 paycheck stubs. (see I'm paid in cash) Your rental history is very important to them so make it easy to verify by having your old landlords number handy. Of course they will verify your credit with your social security number. (see I don't have a social security number) That's about it. A good attitude never hurts.
I put in an application 3 days ago! Why haven't I heard back from them?
Many properties meticulously verify by phone or fax whatever you wrote on your application. They may not be able to get hold of your employer or the last place you rented. Others, especially tax credit properties have a compliance board that they must submit to. Then again... there are properties who can accept you in 10 minutes. If you need to move today or tomorrow I'll need to know this when you call.
They denied me and they can't even tell me why!
Many apartments in Austin texas use a point system like Saferent or Credit Retriever. When they run your rental application, it will come back to them accepted, accepted with conditions, or declined. Accept with conditions usually means an extra deposit or a co-signer. They may not know themselves why you were denied. They typically have a 1-800 number to a credit reporting agency which you can call and get the specifics. Be sure and ask for this, as they sometimes forget to mention it.
I changed my mind and they said there keeping my deposit anyway!
The property has the right to keep your rental deposit if they have accepted you, held the unit for you and then you changed your mind. If you are denied, they must refund your rental deposit, but not your application. Sorry!!
They said I didn't give a 30 day notice!
Apartments in Austin, Texas are very strict about this. You must give proper notice IN WRITING and they must know you have given proper notice. Write it, date it, and make an extra copy for your records. In spite of the fact you have fulfilled the time on your lease, you could still end up with a broken lease because you didn't give proper notice. Worse still...you could be denied at the next property your looking at. Most properties want you to give notice no later then the 3rd of the month. There are quite a number of properties that make you give a 60 day notice. Be sure you know exactly what the policy is.
A word about extra rental deposits.
Everybody hates them! But they can get you in many, many times in spite of your situation. The good news is they are totally refundable at the end of your lease. Apartment rental deposits range anywhere from an extra $100 to first and last months rent. Every apartment for rent in Austin, TX will have a different policy regarding deposits and they are subject to change for no particular reason. What properties want is security that you won't default on the rental lease agreement.