For Renters Competing in the Rental Market

April 18, 2017

If you want to rent a property, you have no doubt found the experience to be a bit frustrating. With limited inventory, you usually will be competing with other applicants. It’s tough for renters competing in the rental market.

Here are some pointers…

Time is of the essence. View the property and submit your application as soon as possible.

Include all required documents with your application (Last two pay stubs or last year’s tax return if you are self-employed and a copy of your ID)

Check your income (can be combined) to make sure you have at least three times the amount of rent in gross (before taxes) monthly income. Different markets vary, but typically in the Reno/Sparks area, we would like your rent not to be more than a third of your income. If you have a lot of debt, you will need more income to offset the debt plus your rent. Typically we like to see your rent plus debt to be no more than half of your monthly income. These are guidelines and can vary by circumstance.

Many application fees are non-refundable so if you have a pet, check with the property manager first to see if your pet will be allowed. Include a photo of your pet(s) with your application. If you have a biting breed dog, be prepared for some push-back. The owner’s insurance policy may not allow the owner to have a tenant with your breed. If you have a Service Dog or Emotional Support Animal, let the property manager know as your animal will be allowed with the proper documentation.

Be sure to include current contact information for your current and/or previous landlords. An email address is helpful as most rental history verifications are done in writing (emailed). Contact your current landlord if possible to let them know they should expect an email regarding your rental history.

If you have Renter’s Insurance, be ready to provide a copy of your policy. If you don’t have Renter’s Insurance, contact your agent. The owner’s policy does not protect your personal property against damages or theft. Renter’s Insurance is affordable – usually $15-$20 per month or less. It can also give you money to move if your rental becomes uninhabitable (fire/flood, etc.).

Check your credit report. I recommend Credit Karma www.creditkarma.com, where you can get information to contact any debtors you may need to get in touch with to pay off debt. If you have any debt to previous landlords, utility companies, cable companies, or phone companies pay those first. Those debts could very well create a denial of your application.

Many management companies will allow you to use your approved application for up to three months for any of their available properties to help you find a property if you lose out on your first choice. Stay proactive and create good communication with your prospective property manager. Our goal is always to assist you.

Please feel free to contact me /contact-us/ if you have any questions and best of luck in your home search.

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What's New With Rental Rates in Reno-Sparks

By Paige Hubbard • February 15, 2020

Rental Rates in Reno Sparks NV

PERSISTENCE

August 10, 2017

If you saw the movie about McDonald’s Ray Kroc, “The Founder”, you probably loved it. It’s about that entrepreneurial spirit of getting it done and hanging in there despite what others around you are saying. And now, you’ve done it. You have created your real estate investment portfolio. I know that it requires a good mind, persistence, and hard work to get there. Congratulations. You invested your time and money. You deserve to have a positive experience as a real estate investor. Here are the items we as property managers are especially concerned about to protect your investments and allow them to PERSIST on to the next generation. Key Items of Effective Property Management Quality tenants through excellent screening practices Minimization of risk through sound leases and knowledge of property management laws Maintaining the property with best value vendors and regular property inspections Excellent communication to maintain positive relations for all parties Improved cash flow through analysis of market rents and scheduled rent increases Improved cash flow through the reduction of expenses and improving key features Utilization of technology for optimized customer experiences Speaking of persistence, I just achieved my Certified Property Manager (CPM) designation from the Institute of Real Estate Management (IREM). It took me seven years! Please give me a call if I can be of assistance for leasing services or full service property management. Thank you!

Kudos for Hubb Realty

May 7, 2017

We lost our apartment in a fire and found a renting through Hubb Realty. Overall our experience was stellar, and I hope we can be fortunate enough to have another amazing property manager in our future. First, it was convenient to see houses available on our own time through Rently rather than trying to work with someone else’s schedule too. Second, they are prompt in responses always - we were frequently updated on missing application information and was approved within a week. They are also prompt in repairs and work through an app where you simply submit a maintenance request and someone will call you in a timely manner. They contract with various vendors and I’ve never had a bad experience with any of them. Lastly, they’ve always been fair, transparent and honesty When we left, we followed all the moving out instructions, and as stated in our lease, like getting carpet and house professionally cleaned. They returned our deposit within the stated time frame and charged a fair price for some accidental damages that was totally our fault (oops). Most landlords would’ve taken advantage of this and price gouge for repairs! I almost feel like I was the one that took advantaged of Hubb. I would rent from Hubb over any of other property management or landlords in Reno. Posted 08/12/23.