Rentals on the rise…take action if you find a good one!

The movement away from homes due to financial constraints is putting pressure on the rental inventory.  As such, landlords can be more selective about tenants and rents are on the rise in many markets.  In seasonal markets such as the Twin Cities you can expect to pay a premium for a June-May lease for example.  Rentals go quickly if in the right condition, location and price point so be prepared to act fast. Also, know that an application fee and process typically apply so be up front with your agent and/or the landlord with any items you know will appear in your credit/background check.  Some landlords have firm criteria they will stick to in selecting a tenant so have those discussions prior to the application fee if you can do so.  Also, if you see a place and know it is a fit for you – “lock it in”.  Get online or with the landlord to get the application process going.  Most landlords will work with one tenant at a time through the application process.

Rentals on the Rise – MSNBC Report Reference 2/2012

About Ingrid Friel, Realtor, GRI, MBA

Enthusiastic, knowledgeable and patient realtor specializing in the Twin Cities downtown and nearby residential properties. Experienced with first time and repeat buyers. Excellent technical skills that help you do the first pass of your search online. My top priority is to find you the best fit for your criteria when searching for your next home. When representing sellers I work collaboratively to get your house ready to list and stay in close communication throughout the selling process. We call Eden Prairie home & love to chat about everything local with anyone interested.
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