Property Management and Real Estate Services

5 Rental Property Tips for First Time Renters

5 Rental Property Tips for First Time Renters

Looking for your first apartment? Trying to find the right apartment can be a challenging task. As a first-time renter, there are many things that you need to consider before you just go off and find an apartment that’s large enough to fit your belongings. Here are five tips for finding the right rental property.

1) Get Renter’s Insurance

It doesn’t matter whether you’re looking for a condo rental or a cheap apartment, you should make sure that you’re covered with renter’s insurance. This insurance covers damage to your belongings, accidental damage to property, theft, and accident liability. At an average cost of $15 to $30 a month, it’s always worth it.

2) Read the Lease Agreement

Go with a lease agreement that meets your needs. For example, can you have a roommate? Can you have pets in the condo rental? Do you need a co-signer? Read all the details carefully before you sign the lease so that there aren’t any unexpected surprises with your rental property.

3) Get Help from a Rental Property Management Company

Working with a property manager or property management company can make the whole renting process smoother. They’ll walk you through every step of the process so that you understand the paperwork, tenant rights, responsibilities and the area you’re moving to.

 

4) Consider Investing Versus Buying

If you plan on renting for a couple of years, it may be a wiser decision to invest in a property. By investing in a property in a growing area, you may be able to pay a mortgage that’s similar to your rent. A property management company or real estate broker can help you decide whether a rental property is suitable for your lifestyle.

5) Think About Whether You Need a Furnished Apartment

If you’re on a small budget, you need to consider going with a furnished apartment rental. Buying furniture will easily cost you hundreds of dollars. Furnished rentals may be the better option for you if you are on a tight budget. If you already have the necessities, it will be best to go with an unfurnished apartment rental.

Speak to our real estate agents about finding your next rental property.

 

Unison Realty Group Ltd.

Calgary’s Choice for Property Management & Rentals

For any questions or enquires contact us:

Phone: (403) 219-3000

Email: [email protected]

Website: http://138.68.242.122/

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