Editor’s Note: This biweekly sponsored column is written by Rick Gersten, founder and CEO of Urban Igloo, a rental real estate firm that matches up renters with their ideal apartments, condos or houses. Please submit any questions in the comments section or via email.
Every apartment search has its challenges. An apartment search coupled with a job search adds to the challenge, but unemployment does not immediately disqualify you for an apartment. Going into your search well-armed will help you find a great place to live with minimal difficulty.
When searching for an apartment while in between jobs, enlisting the help of an agent will likely save you time and trouble, freeing up more of your time to focus on the job search. If you decide to go at it alone, have a package ready to prove previous employment, good credit and rental history. Having money saved up to prove the ability to pay a few months while still searching is also a good idea if you are able.
Those applicants who are new to the job market, such as recent grads, may need to be ready to provide a co-signer as well. Keep in mind, some landlords will only accept in-state co-signers, so don’t let that surprise you. The co-signer also needs good credit and employment history, as well as proof that they are able to not only pay your rent should you be unable, but they must have income significant enough to cover their own bills as well.
Fair Housing laws do not protect the unemployed, so a landlord can still deny the application on this basis alone. However, if you are unemployed due to a disability, you are protected under Fair Housing provided you have good credit and proof of income from disability payments or another source.
Landlords are allowed to have minimum qualifications renters must meet, and they should be able to give you these qualifications upfront. In Virginia, they are allowed to collect a security deposit equal to two months rent, and if you want to and have the ability to pay rent up front, the landlord is required to keep all pre-paid rent in an escrow account until it becomes due. Cash on hand is helpful, but that should not be the only thing you have to offer. Proof of previous employment, schooling, etc. should also provide the landlord with some piece of mind.
As with any apartment search, preparation helps ease the stress. Keep in mind that a qualified agent may know of specific properties that will consider your situation and can help you get into a great place so you can focus on settling in and finding a job.
Have a rental-related question you’d like Rental Report to answer? Email it to [email protected].
The views and opinions expressed in the column are those of the author and do not necessarily reflect the views of ARLnow.com.
Memorial Day is a special time to remember and show appreciation for the courageous men and women who sacrificed their lives for our country. It’s also an opportunity to come…
Good Friday evening, Arlington. Today we published articles that were read a total of 8149 times… so far. 📈 Top stories The following are the most-read articles for today —…
It’s Memorial Day weekend in Arlington. The flags are in at Arlington National Cemetery, ‘Rolling to Remember’ participants are rolling up to local hotels, and the 35% of locals who…
(Updated at 2:45 p.m.) Today is the first day high school-aged Arlington Public Schools students can carry naloxone in schools. Students in grades 9 and above can now carry the…
36TH FESTIVAL ARGENTINO
ARLINGTON JUNE 3RD, 2023
Sat, June 3rd I 3:30 pm / Shows 5:50 pm I Kenmore Auditorium I Glencarlyn
The 36th Festival Argentino USA celebrates Argentine Day and Cultural Freedom. The folkloric group Los 4 de Córdoba and 25 more artists from Argentina, World, and Solidarity Tribute, 200 years of friendship between USA and Argentina!.
We have an exciting Juneteenth program with speakers sharing historic artifacts that tell the rich history of Arlington’s Black community builders.
Friday, June 16, 2023
7:00 – 8:00 pm
Arlington Historical Museum
Homebuying 101: Steps to Getting Pre-Approved
Are you ready to jump into homeownership or started considering it but don’t know where to start? Financial preparation is key when thinking about purchasing your first home and the first step to getting pre-approved.
Join ACFCU’s mortgage loan officers
4th of July Celebration & Fireworks
Treat yourself this Independence Day with a world-class, private 4th of July extravaganza at the Military Women’s Memorial – a premier National Capital Region site.
Great food, fun, and the best views of Washington DC’s spectacular fireworks display. Relax, enjoy,