How to Apply for an Apartment If You Are a Freelancer
When you ask about renting, in landlords usually occurs one big question: Do you have enough money to pay for it? Coughing up the last paycheck is often enough to convince those in power that you are responsible enough to pay the rent every month, and some homeowners even quote the minimum monthly income they need – often two, three, or even four times. more. rent.
It’s okay if you have a steady job and receipts for it. But what if your income is more difficult? Maybe you are a freelancer who manipulates a lot of repeat clients. Perhaps you have a small business or operate seasonally, generating most of your income during one part of the year.
With a little preparation, you can avoid awkward conversations that can raise doubts in the minds of property managers.
Collect all your documents
When your income comes from non-traditional sources, you can never bring too much documentation to the show.
Reddit user sonofaresiii recommends “take every scrap of paper to prove your income,” including the following:
- Tax return
- Bank statements for the last three months
- Office notes
- Any signed letters from your clients
- “Anything You Can Get To Verify Your Income”
Others on the same topic recommend carrying two years of tax returns to demonstrate income stability. Yes, you might feel stupid going up with a bag full of financial records. But at least you’ll be ready.
Be honest obviously
In my self-employed experience, landlords don’t care how you make money as long as you can prove you make money. I immediately said: “I am self-employed, so instead of pay stubs, I brought two-year tax returns along with three bank statements. I will be happy to provide additional documentation if you need it. “
If you work in a service industry in a tourist location or seasonal work is typical in your area, your potential landlord may not even blink an eye at your situation. But it’s better to give them a realistic picture of your income than to leave them guessing.
We consider the guarantor
The guarantor agrees to take financial responsibility if you cannot pay the rent for some reason. If you are going to apply for an apartment, the landlord may ask for one. They may have to live in the same state as you, depending on the landlord’s rules.
If you suspect your income history may make it difficult to get a home, having a potential sponsor can make the process easier. A family member will be the obvious first choice for this, but a friend may also be willing to help.
Cash always helps
If you have cash on hand to post a dollar bond, that may be enough to tilt the property manager in your favor. Just be sure to get a receipt to prove you paid, as you won’t have a transaction on your bank statement as a back-up.