If you’re a renter in San Francisco, New York, Toronto or Vancouver, chances are you’ve been in the middle of ugly bidding battles for homes — more likely, a minuscule 400 square- foot apartment, or worse, a room in a house. In cities like Vancouver and Toronto, rental supply is abysmally low, making it impossibly hard to to find a place to rent at a price that doesn’t gobble up three-quarters of your monthly salary.So yes, it’s tough times, the rental market is against you, and it’s absurdly unfair that something as basic as putting a roof over your head has become a luxury. But there are in fact, strategic ways in which you can boost of chances of clinching that prized dwelling.Arrive PreparedPreferably, with a binder full of documents that includes:
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- At least two reference letters (from your current employer, former employer, former roommate)
- A credit check. You can now get credit checks done for free, or for a low price on mobile apps like Borrowell, or Creditkarma.ca. Or if you’re comfortable with it, you could go the more traditional route and print out your last few credit card statements to show that you had the funds to pay off your credit card debt. The landlord just needs to know that you have a track record of paying your bills on time.
- Identification — Driver’s license, Passport, Citizenship Card and Social Insurance number. Bring two pieces of identification, and your SIN card. The latter is in case the landlord doesn’t trust your credit score, and wants to perform his or her own credit check on your financial history.
- A letter stating your salary, and the fact that you are employed. Now, if you’re a freelancer, or work for yourself, bring a copy of your most recent tax returns. This will enable your future landlord to verify that you indeed have been receiving an income and do have the ability to pay your rent.
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- A letter from your guarantor. If you’re a student, or you’ve just moved to the city and remain unemployed, you have to have proof that someone out there is willing to pick up the tab in case you don’t have the means to pay your rent. Your guarantor should preferably be someone with a long history of gainful employment — it just won’t do to have another job-seeking friend vouch for you.
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- Remove your shoes if the landlord insists, or if there’s a sign up asking you to do so.
- Ensure that you emphasize how much you care about cleanliness and neatness when chatting with the landlord.
- If you’re a party person, try not to highlight that fact on your first encounter with your landlord. Negotiations can be done later, once you’ve secured the place. Partying = higher likelihood of breaking things and messing up the place = higher maintenance cost for the landlord.