Tips for College Students Rent

Tips for College Students Looking for a Place to Rent

Are you a college student attending school away from home? If so then you’ll probably be looking for an house close enough to your college campus and that new internship you’ve just been offered. Although this can be an exciting time for you, it can also become a frustrating experience while trying to find the perfect place to rent.

Although we specialize in Orlando property management, we have both personal and professional experiences in looking for places to rent while in college. Here are a few tips and tricks for you to follow while you make your renting experience that much more fun.

Get off to an early start

Remember, you’re not the only college student looking for a place to rent. You will have to compete with other students looking for available rentals in the area. The best time for you to begin your search will be during the summer months to allow yourself enough time to begin your search to find the best home that meets your budget and location. Visiting the neighborhood to make a note of the appealing and unappealing areas is always a good idea. You may even come across possible rental signs posted by landlords advertising places for rent.

Will you have a roommate?

You may want to consider having a roommate to help split the cost of rent and the utilities bills. Selecting the proper roommate is almost as important as selecting your rental home. Once you find a proper roommate ensure they are following the same steps as you and you should apply together.

View a minimum of two to three rentals homes

You’ll want to get a feel of the range of homes which are available in your budget. On your first visit you should video your visit. This will allow you to gather some perspective on available homes within your price range. Moreover you may also find that that home you fell in love with on your first time viewing was rented to someone else, so its always a wise idea to have a backup.

Make a Checklist

While looking for a place to rent, make a checklist of the things to look for before heading out to view any available homes. Some of the questions you will need to have on your checklist include;

  • Where is the home located? Is it convenient to get to school in traffic?
  • Does the home have adequate room for your furniture?
  • Does the rental cost include any utilities?
  • Can I take my dog or cat to live with me? Is there a fee?
  • What is the security deposit amount? Is it fully refundable?
  • Is there an application fee?
  • Is the area known for a high crime rate?
  • Is this a quite neighborhood?

Carefully assess how the home is maintained

We recommend taking a video of the property before you move in.

  • Is the paint peeling off the walls?
  • Are there any broken light bulbs?
  • How are the floors?
  • Are the grounds well maintained?

These are all very important factors you will need to take into consideration as not every home viewed will meet your criteria. Occasionally you will come across an home or rental which may very well be perfectly suited to your budget but lack the overall space and security.  You will also want to complete the move in checklist and have a move in video to document the condition of the property.  This will ensure you will receive the full security deposit if there is a discrepancy with the landlord when you move out.

Have your security deposit ready

I cannot begin to tell you how many students have lost out on the perfect home just because they weren’t able to make a security deposit within 24-48 hours of acceptance. Remember, the competition is fierce and you will definitely want to be able to leave a deposit when you find that perfect home.

One thing you will need to bear in mind when looking for your college rental is, the landlord will likely require you to have a co-signer who is willing to put their name on your lease. This is generally required as most college students will seldom have established a credit score and income.  A co-signer will be someone with a favorable credit history to assume the liability should you be unable to pay the rent. Your parent, close family member or friend can do this for you. Upon completing the rental agreement you can always build your credit score by finding student credit offerings available by banks within the area.

Read Read Read

We cannot stress this enough. Having made the drastic mistake ourselves and having seen others do exactly the same thing when renting for college we urge you to make a keen note of this tip. When you finally find that perfect home and have secured your rental agreement.

Before signing the lease both you and your co-signer MUST THOROUGHLY read through the entire agreement before making any commitment whatsoever. It is very likely that the contract will be an adhesion document where the terms and conditions set by the landlord are non negotiable. It’s very much like a take it or leave it situation, if you get the point. As such it is pivotal that you understand the legal terms and language which you will come across in the contract such as “shares’, ‘sublets’, ‘forfeit’ and a few others. Other things you will need to look out for include; how much is required for the security deposit, what are the penalties if you’re late on the rent, when the rent is due, and maintenance of the grounds.

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I have been in contact with The Realty Medics since April 2018 and finally got a tenant January 2019. Trust me, the delay was all on my end! TRM kept in touch with me the entire time, asking for updates on the status of my roof repair (as you can imagine, there was an extremely long waiting period for my roof to be replaced in Volusia County) and were very patient with me. Then within a few weeks of my husband and I getting the unit painted, new carpet installed and various other projects the property management company brought to our attention, we got a tenant! I was so pleased! Within a few days of the tenant moving in, the oven died. The Realty Medics informed us immediately, which gave us time to shop for a new appliance. Then when the delivery date came they contacted the tenant and arranged for her to take lunch to meet the installer. Everything was wonderful! I am always amazed at how quickly they respond to my (many) emails. I really appreciate their consistent professionalism and kindness. It is a pleasure to be able to let go of the day-to-day operations of renting a property and let the professional take over! I highly recommend everyone I've worked with - from Dustin, Kayla, Lisa and Paola! They have all been WONDERFUL! Thank you, everyone!
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I am very happy with the outstanding and professional service that Reality Medics had offered to me, it was smooth going and I do not have any issues. Delia, my property manager is very professional and handled all transactions with us very effectively and I truly believe, I will be using this company for future transactions. I do recommend Reality Medics to anyone that needs property management, Reality Medics is the way to go,. Excellent service..
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The Realty Medics have been fantastic every step of the way while planning a 900 mile move across the country. From the initial inquiry of a property to the singing of a lease, all questions and emails were replied quickly and has helped make the big move relatively stress free. Jessica has been great to work with!
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Check out this 5 star Google My Business review by Devin Woodward: Great experience renting our property out through the Realty Medics. Jason has made the process very easy, answered all of our questions quickly and assuringly addressed our concerns about the process. See the review on Google My Business by clicking the link below.
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