|Renter FAQ's |
|How does your free service work?|
How do you make money?
How long does it take to find an apartment?
When should I begin my apartment search?
Can I lease an apartment for less than a 12 month period?
What should I bring with me for my apartment search?
What will I need if I want to apply for an apartment?
What form of payment can I use for my first month's rent?
What form of payment can I use for my security deposit?
What if I have no credit history or a challenged credit history?
Do I have to pay a security deposit? If so, how much will it be and when is it due? When Can I expect that it will be returned?
Do I need renter's insurance?
What if I have to sublet my apartment?
Q: How does your free service work?
A: First you fill out our client information form. Next we will chat about your tastes, your price range and the neighborhoods and properties in the South Loop. Using that information, we will search through our database of properties and find the four to eight apartments that most closely meet your criteria. Now it's time to schedule appointments to go and see the selected apartments. If you don't find the perfect place on our first outing, we'll be glad to take you out as many times as it takes to put you in an apartment that works for you. Once we've found a spot you love, it's time to fill out an application.
Q: How do you make money?
A: Area landlords pay us a fee for helping them find qualified tenants like you.
Q: How long does it take to find an apartment?
A: It ranges from 2-6 hours, but this varies based on each apartment search.
Q: When should I begin my apartment search?
A: We recommend beginning your search 30 to 60 days before your move date.
Q: Can I lease an apartment for less than a 12 month period?
A: Yes, in some instances a landlord may accept shorter term leases.
Q: What should I bring with me for my apartment search?
A: Please bring a photo ID with you. We also recommend bringing a camera and a note pad.
Q: What will I need if I want to apply for an apartment?
A: You will need to have the following:
- Two most recent pay stubs
- Current and previous landlord phone and fax number
- Current and previous employer phone and fax number
- Driver's license or photo identification
- Income verification, if self-employed
- Co-signer application, if a student or unemployed
- Student loan documentation, if student loans will be used to pay rent
Q: What form of payment can I use for my first month's rent?
A: Personal Check, Money Orders, or Certified Funds.
Q: What form of payment can I use for my security deposit?
A: Security deposits must be paid with certified funds made payable to the Landlord. (South Loop Rentals & Management Group does not hold or manage security deposits on behalf of the landlord.)
Q: What if I have no credit history or a challenged credit history?
A: We work with a variety of landlords, each of whom have different approval guidelines.
Q: Do I have to pay a security deposit? If so, how much will it be, and when is it due? When can I expect that it will be returned?
A: Every landlord is different. Some do not collect security deposits and charge a move-in fee instead. For owners that collect security deposits, the standard is typically one month's rent. However, some landlords charge more than a month depending on credit history. Bear in mind that landlords typically require additional deposits for pets. Security deposits are typically due at lease signing. The security deposit must be in the form of certified funds made payable to the landlord. A landlord is required to return the security deposit less any damages within 45 days from the day you move out. A landlord must include a written explanation for any damages along with receipts for the repairs. We recommend that you take pictures of the unit before you move in and after you move out.
Q: Do I need renter's insurance?
A: This is a personal preference. Renter's insurance is affordable and will provide you with an extra sense of security.
Q: What if I have to sublet my apartment?
A: If the lease agreement allows and the landlord agrees, you are allowed to sub-lease the apartment at any point during the lease. However, you remain liable for all rent payments to the landlord through the end of your lease. Occasionally, the landlord will allow you to "re-let" the apartment, in which case your lease would be terminated and a new lease between the landlord and the new renter would be created.
To begin your FREE apartment search click on: Start my Search or call (312) 213-7174 or email us.
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