You\u2019ve finally found the apartment of your dreams. It\u2019s in your favorite neighborhood, all of the photos of it online look great, and, best of all, this one is actually in your budget. However, though you are probably very excited to have come across your dream pad, your work\u2019s not quite done yet\u2014in fact, you\u2019re going to have to do a little bit more research before you can finally sign your name on the lease\u2019s dotted line.<\/p>\n\n\n\n
There are many things you\u2019ll want to consider before closing out on a lease. In addition to the important factors mentioned above\u2014location, layout, and price\u2014you\u2019ll also want to make sure the property owner<\/em>, or landlord, <\/em>is someone you\u2019ll be okay communicating with for however long you might live there.<\/p>\n\n\n\n Selecting a property with a less-than-perfect landlord can be a disaster. In addition to the property not being everything you\u2019d hoped it would be, a bad-intentioned landlord can also cause you to lose a considerable amount of money. They\u2019ll nickel and dime you for everything in the apartment, even if it wasn\u2019t your fault, and\u2014perhaps even worse\u2014they might even end up taking you to a collection agency.<\/p>\n\n\n\n Luckily, there are a few red flags that help make it easier for you to foresee an undesirable landlord experience. If your prospective landlord presents you with any of these surprisingly common issues, be sure to look for an apartment elsewhere.<\/p>\n\n\n\n 1. They Won\u2019t Let You View the Property<\/strong><\/p>\n\n\n\n This is perhaps the biggest and most obvious red flag of them all\u2014never <\/em>sign a lease for a property you have not been allowed to view. More often than not, this means they know <\/em>there is something wrong with the property and they are hoping to get you locked into a contract before you have the chance to back out.<\/p>\n\n\n\n Of course, they\u2019ll probably give you a list of reasons why you can\u2019t view the property. They\u2019ll likely say that there is construction being done, that they are waiting for the current tenant to leave, and offer various other explanations. If these excuses are valid (these things come up all the time), they\u2019ll work with you to find an alternative time to view the property. If they insist on signing without even a look, however, you\u2019re almost certainly in for trouble.<\/p>\n\n\n\n 2. They Downplay Issues with the Property<\/strong><\/p>\n\n\n\n There are many different things that can go wrong with a property. While some issues are small and might only be a minor inconvenience, there are other issues that could significantly impact your overall quality of life.<\/p>\n\n\n\n To help avoid any entrapments, it helps to learn how landlords often speak. When they say<\/em>, \u201cIt\u2019s just a little bit of mold\u201d, what they really mean <\/em>is, \u201cthis apartment has serious mold issues.\u201d When they say, \u201cthe air conditioner is a little janky sometimes\u201d, what they really mean \u201cdon\u2019t expect for the place to be cool in the summer.\u201d If you do notice any issues with your prospective place, be sure to confirm that these issues are actually going to be resolved and not ignored.<\/p>\n\n\n\n 3. The Property Owner Lives Overseas<\/strong><\/p>\n\n\n\n There are many property owners that live out of state, or even out of the country. Usually, these property owners will hire a property management team to help them manage they day-to-day tasks associated with the property.<\/p>\n\n\n\n Property management teams are not necessarily problematic. However, there are several reasons you should prefer a local landlord. Not only will they be able to act in the event of an emergency (rather than having to wait for authorization) but they will also be easier to reach in the event you need to speak to them directly. Additionally, local property owners are more likely to have a higher stake in the property\u2019s overall well-being, and will invest their money accordingly.<\/p>\n\n\n\n 4. The Contract is Vague<\/strong><\/p>\n\n\n\n One of the most common complaints people have about their landlord is that, upon the end of their lease, they find they owe much more money than they anticipated. People will often remark, \u201cHow can they just charge me like that?\u201d, to which the any lawyer would surely respond by telling you to check the conditions of the lease.<\/em><\/p>\n\n\n\n Though it will be tedious, it is a good idea to read your entire leasing contract. You should know how much you will need to pay for repairs, what your security deposit covers, how to address possible problems, and which risks you are personally assuming. A good landlord will carefully walk you through and answer any questions you might have\u2014a bad one, on the other hand, will be deliberately vague and leave things up for interpretation.<\/p>\n\n\n\n