If you want to be sure that you get approved for the perfect rental apartment that you have been eying in Branson, you should have the right tools needed to fill out an apartment application.
Most landlords usually require every prospective applicant to present proof of identification such as driver’s license or company id, pay stubs, proof of residence, bank statements, and rental history. So, before you begin your apartment search, it’s always a good idea to get ready and gather all the necessary documents, as there can often be strong competition in renting an apartment, and you don’t want to be rejected.
Pay stubs
Most landlords want to make sure that they are dealing with a person capable of paying the rent on time, so they usually ask you to present your pay stubs to make sure that you are earning plenty of income. The landlords in most rental apartments in Branson, or anywhere, always want to make sure that you can pay the rent.
Because if you don’t earn enough money, and they let you move in, it will become a terrible financial issue on their part. Most landlords typically accept tenants if 30% of their income can cover the rent.
You may have heard the 30% rule of thumb before, which means that you don’t have to spend more than 30% of your gross income on rent. This rule has already been practiced for a long time by most landlords and renters. Make some calculations before you start your search, and it will be easy for you to determine what’s going to work for your budget.
Some landlords will ask you to present your two most recent pay stubs. Even if your salary is paid directly to your bank account, you can still get your pay stub online, or you can ask for a copy from your boss. It’s unnecessary to present a physical pay stub. Provide a copy, not the original.
Bank statements
If you don’t have a traditional pay stub to show to landlords, you can present them with your bank statements. Showing bank statements to a landlord can help prove to them that you have the money to pay the rent.
Make sure to present at least two months’ worth of bank statements to a landlord, which shows how much money you have and how much you get paid. Showing just the deposit entries of your bank statements to a landlord can help save him the trouble of sorting through a a long list of transactions.
Proof of identification
As part of the list of items that can prove your identification, present a photo ID of some sort to a landlord, you can show your driver’s license or company id to a landlord before you fill out an apartment rental application.
Recommendations
Most landlords will typically ask a prospective tenant for some kind of reference or recommendation that shows you were a good tenant in a previous rental community. You don’t need to give an actual letter. Landlords will accept basic information about your last apartment, such as the contact information of the property manager, so they can call and ask about you.
Vehicle registration and proof of insurance
If you bring a car with you, the landlord will want to know the vehicle information, tag number and possibly the insurance information. As most apartment buildings have a limited number of parking spaces per unit, landlords want to ensure only the approved vehicles are inside the property.
Social Security number
Every person has been educated that they shouldn’t give out that precious number to just anyone, but you have to provide that to a potential landlord. Landlords use this number to perform credit and background checks to help determine that you’re going to be a good tenant. You won’t have to provide a copy of your social security card, so just memorize the number instead.
Since the landlord performs a credit and background check, you may feel confident that your credit will remain in good shape as you’ve been paying your bills on time and keeping your debt low. If you want to know about your credit score before you begin hunting for an apartment, try to check the three credit reporting agencies, Equifax, Experian, and TransUnion.
Rental history
As part of the lists needed for an apartment application, you’ll be asked by a landlord to provide your rental history. This should include the address and the phone number of the property manager so that the landlord can ask about you.
So if you want to live in one of the best rental apartments in Branson, gather these items needed for apartment application that you have just learned, and you will have a good chance to get the approval of the landlord.
If you are looking for a Branson rental apartment, contact Branson’s premier property management company, Thousand Hills Realty, at (417) 337-8081.