Interiors. Friday , June 09th , 2017 - 18:24:28 PM
And because your tenants do not need to furnish the property and bring in big furniture, they are less likely to damage the walls of your property. But along with the advantages, prospective investors should also know what the disadvantages of furnished apartments are. Furnishing an apartment means that you will need to invest a sizeable amount of money from the onset. And that investment will not be a one-time thing. Over time, you may need to replace a few pieces inside the apartment.
Apartments with lots of amenities are typically owned by large property management companies and are more likely to check your credit. So, if you have bad credit, stay away from the apartments with pools and workout rooms. An individually-owned condo or townhouse probably wont require a credit check, especially if its newer. Chances are the owner hasnt been through many tenants and probably hasnt had a tenant skip out on the rent, so they dont have much reason to do credit checks.
Just like a loan from a bank, you must have a pretty decent credit score if you want to get approved for most apartments. Without that score, youll have to fork up the cash to pay for the apartment, get someone credit worthy (and often a property owner) to co-sign, or youll have to look elsewhere. Looking elsewhere is the only option for most people with bad credit.