How To Win Renting Bid Wars


Being approved for rent in high demanding cities is extremely hard. It becomes harder when you have to bid way above your budget. Some ways can tackle this situation smoothly.

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Know your limit

When you are in a bidding war, the first thing you have to do is calculate your budget. You need to calculate for the moment when you have to decide if you want to overspend on a good rental property. If you are in a bidding war where you have to bid above your price point, ask yourself if this rental property is worth the extra money. If it is, then bid for the rental.

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Be proactive

You have to understand that there is a shortage of proper rental houses in busy cities. So, you cannot wait to be noticed by the homeowners. Rather, you have to go out of your way to find a proper rental property. One of the ways to do so is to present your tenant certificate from the previous owner to make sure that you are the perfect tenant that any homeowner can have. Oftentimes the owner has a bad experience with renters. Make them understand that you are the one to choose.

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Keep a good credit history

If you want to win the bidding race, you need to make the landlord trust you. And one of the ways to do it is by having a good credit history. A decent credit history indicated that you are well organized with money and take transactions seriously. You will have an extra benefit from early in the bidding race when the landlord knows that you are serious about the monetary issues.