I believe it's due to the current eviction moratorium. Many landlords are afraid, that the new tenant without a job, might opt to not pay rent because he or she is protected. However, what the landlord may not understand is that 6 months upfront rent is better than a vacant unit.
Yes that has made it more difficult in recent times for sure. However, in Florida we no longer have a moratorium since 10/1. But other states probably do, so I definitely understand the hesitation. But also being a landlord and in the real estate business there is more to a tenant story than just their income and you can learn a lot about a person by spending 15 minutes talking with them and figuring out if they'll be a right fit for the place. Too bad more Landlords don't take the time to do that. And yes 6 months is TOTALLY better than 0👍
It IS AND IT’S not fair! I have housing and it's paid 100%! I had a good credit score and then after Pandemic Unemployment ran out I kept trying to pay all my bills until I had $0. I lost my income in September 2021 and my credit began to drop from 750 to 400 something. It went up 60 pts this no to 550 so I'm working on it. I don't know what to do
If you have someone close to you willing to do it you can have them move money to your account and then back to theirs for a few months and just say you do gig work on the side of your regular job to make it appear that you have that 3x
You use to be able to pay a 1 year lease off in advance but now they try not to even do thar. Best to do. Save cash. Buy a fn tiny home in the sticks and ftw
I think a big part of the problem is so many of these apartments are owned by companies and not individuals. So underwriting isn’t a negotiation, it’s a yes or no and screw you, you don’t ever talk to the landlord or owner!
I've always lumped condos and apartments together, definitely looking forward to that video and going to start expanding my search to condos for rent too
Yet another great video by Michael !! 👍🤩 I agree If you are looking to rent or buy in Miami the last thing you want to do it’s not having a realtor! You will soon find out it’s more complicated than you think! Miami is a unique city with so many choices ! Make sure you make the right choice! I noticed it was harder to rent there that’s because landlords are trying to protect themselves against people who love to be on the beach but not so responsible to pay the rent!!🤔😂
Thank you very much! Yes it is important to have a good realtor for sure. And you can't blame landlords for vetting tenants and making sure they accept the right person👌
Thanks so much for taking the time to do this content! Wish I could take my NY salary. I am moving to florida and still researching and job hunting and this definitely helped. I may even need your help.
You're very welcome! I know some people have been lucky enough to actually keep their salary from a higher paying state and move here to FL but I suppose that is pretty rare. If you need help with your move reach out!
Except to make lower salaries and wages in Florida. Rents use to 1500. Up and more 2100.. 1 bedroom, 3x rent, 250 app fee, deposits, dog deposits 300 to 500 and 25 per month Good luck
They want 3x the rent as opposed to real liquidity for two reasons: 1. Apartment use budgets and cashflows. They want YOUR income to be "flowing" to them, and not lump summed. Its kind of like balancing a budget. They want their revenues to be streaming. 2. Paying half your lease up front gives the landlord a harder time to evict you if you violate lease. Basically you can't "pay your way out" of being a nuisance. About the co-signing part. Another option is to use a guarantor. It's a professional agency of agents who co-sign for you. Of course you have to pay a fee usually a percentage of what the monthly rent is.
That very well may be, but that is also why I recommend staying away from apartment complexes if this is your situation. A landlord can still evict you even if you have advance rent paid, if you're violating other terms of the lease. But almost always, its for unpaid rent. Good tip / point on the guarantor. I have had a few people do that as well, although much less common 👍
I didn't know people get a hard time finding a apartment without a job and they have months of rent upfront. I actually thought the landlord would accept that as long as they get s tenant. Maybe landlords are extremely picky and choosing. I don't to worry about that no time soon due to the fact that I'm currently focusing on getting my credit score up in the high 900s. Basically buy a snack once a month, put my credit card in a safe, wait for the bill to come, and pay ahead of time and do the consistently. Great educational video Mike B!.
Yes it's not as easy as it once was. Even when I first got into real estate it was easier to rent a place than now. And landlords really don't want to go through an eviction, so thorough vetting up front is the best method. Your idea for the credit card is wise if you are aiming to get your credit under control. Glad you enjoyed the vid 😎✌️
This is my first time looking for an apartment. I am moving to a different and more metropolitan city, for the sake of my children going to better schools, but OMG it is so hard with not having a job. I have also offered paying 6 months upfront and get rejected.
Thank You Michael ! I am 23 and have been going to college ever since I graduated and never knew how important Proof of income is ... I am going to try all the tips you recommend and will see if I can get an apartment/townhouse/condo in LA 🙏🏻
I filled out an application for renting apartment with my brother. He got accepted, but I didn't because of my monthly salary. I decided to pay 6 moths to a years worth of rent upfront and I got an apartment with my brother. I had just moved to the state and hadn't started a job and my promised wage after I start worked was less than $2000 a month, at the time of trying to get the apartment.
With the "Great Migration" from New York to Philly since 2020 The rates in the Philly Delco area are off the charts. Greedy landlords and Corporations that own ALL the local apartments in the area don't want the people that grew up here. Its sad but true Crime / Drugs are rampant in the area we once called home Philadelphia is now New York
I'm so glad this video popped up after the flooded streets. Haha. My plan was to pack the car, drive to Florida then stay with friends in varying areas until I pinpoint where I want to be. I "think" I want St. Pete or Tampa, but not 100% sure. I was thinking I could rent an airbnb for a month, then try to put 6-12 months up front on a rental until I'm established (self employed). I have a year plus up front, but it sounds like I would still face an upward battle finding someone to rent to be without a "JOB" which I haven't had in 25 years. (self employed). Any tips for those of us who will not be walking into a traditional 9-5 job scenario?
You should be fine being self-employed. You still have proof of income which is your bank statements or tax returns so you'll be able to use that you probably won't even have to pay six months upfront
@@MichaelBordenaro Hi Mike,I`m 58 and retired with $250k in the bank,would I have trouble renting a house in St Pete while I`m looking for a house to buy there?
Hey Michael i just came across this video and had a couple of questions I was hoping you'd be able to answer. I plan on moving to the Miami Beach later this year and I plan on renting at first to get a feel for where i would want to buy. So I've been looking online at rentals and I noticed that places that have direct water views from their balcony tend to have much higher asking prices. I saw that you have a balcony from your videos so i wanted to ask how important is your balcony to you or to anyone else you know? Like would you say you use it every day and if so how often? Obviously i know everyone is different but I'm trying to find out if its worth it to pay more for a condo/apt that has a nice balcony with a nice view. Sorry if this is a dumb question but the prices for rentals and even condos for sale seem to have such a big difference depending on the views. Secondly, have you ever come across a landlord that accepts bitcoin or other cryptocurrencies as payment? Thanks in advance!!!
Hey Michael! Like your channel a lot.. You should upgrade your back ground when you making a video well you talk. Give a different look. Keep up the good work.👍
Thank you very much! Yes, I have been thinking about that and looking at some different ways to go about doing it. Since my space for shooting is pretty small, I need to figure out a good setup that will work with the space and still look cool👌
I’m moving from NYC to Miami within the next couple of weeks. Looked at the marketplace on Facebook to find something a bit more private and rented directly by a landlord. Once I tell them I’m relocating, I stop receiving responses lol. Don’t think I’ll have a problem landing a job it’s just hard to tell a job when I can go in for an interview when I don’t know where I’ll be staying. Hoping to get lucky.
A extended stay would be much better than having a apartment. As you said, apartments are not your forever home. So, why not stay at extended stay or something 🤔 It's cheaper because you won't have to worry about deposit and all other weird fees apartments come up with. No light bills, no water rates. Way better option than renting in my opinion.
That could be an option as well, but then you are also limited to the locations of any given extended stay. Mostly depends on exactly where you want to move, and with how much $$ etc that can determine the best options for someone
@@MichaelBordenaro Extended stay monthly prices ranged from 12 to 13 hundred. That's not a bad deal. You probably won't find a decent apartment for that price.
@@petboy4146 actually we do have some decent places here for that price, but it will cost more to move in, like you mentioned. This might be a fun video idea😜
Hello Anwar, you're welcome, nice to know you are enjoying my content! The rental requirements will largely be the same as someone local, but with a few key differences. The tenant approval process for you may take longer, as they will most likely need to run an international background check on you. Also, make sure you have the appropriate visa and immigration paperwork to help things go along smoother. And, if you can pay a good chunk of the rent up front say 4-6 months that will also help as well👍
I'm living this hell at the moment. I've been in contact with landlords all month, just to have doors closed in my face. I'm a 40 year old mature student, 700s credit score, substantial savings, good references, and am virtually debt free. I've even offered to pay several months up front, but nothing doing. A truly illogical mindset.
@@MichaelBordenaro At least 10 times. Full disclosure: I live in NY and have been attempting to relocate permanently to the midwest. Ames, Des Moines, and various cities in Illinois are thriving right now, and are therefore quite appealing, especially as a prospective first time home buyer. -- I'm beginning to suspect good ol' regional bias and provincial fear. I get the impression that they don't want their idyllic lives overrun with (what they perceive as) interstate elites. Equal parts silly and offensive. As someone who's lived the majority of my life in Europe, I can honestly say that I find more harmony and cooperation between members of the EU (despite greater language, economic, and ethnic divides) than the "united states" themselves. Just discovered your channel, by the way. Fabulous content and valuable insights. I'm grateful to live in a time where passionate, knowledgeable people have a platform to share their education and advice. Thanks a lot.
@@gogogogogirl I see I didn’t know you were trying this in Illinois. Being from there and spending the first 20 years of my life there I can definitely attest to the fact that some places are less friendly to outsiders than others. It’s very hard to get people to except something different there whether it’s your payment structure where you’re from etc.. I wish you luck and I’m really happy to hear you’re enjoying the channel
In California I once asked if I could pay for six months rent all at once. They said they don't do that. I did rent from them, but it was on a monthly basis. I had received a lump sum of money at the time and wanted to make sure my housing was more secure before the money got spent on other things.
We tried to move to Florida last year in the Tampa area and my daughter's fiance already had a job and they offered to pay 3 months ahead of time and they still couldn't find an apartment. It's so hard to find a place in Florida. We're going to give it a go again in 6 months to a year.
Hello Michael, long time no see. It's a great thing you made this video. I'm having an issue similar to this too. My income info doesn't show enough for me to get an apartment. although I do share an apartment with a roommate. I had gotten the apartment on my own in Jan. 2012 and still living in it. But my roommate had moved in in 2017. Well big mistake, now i want to move into an apartment for myself without any roommates. Sure roommates helps with rent payment but definitely not worth having a roommate. Especially my roommate, he doesnt want to help with chores and doesnt keep the apartment clean. So you understand the frustration. How I got the apartment in the first place back in 2012, I was djing for a go go bar weekly and I was looking for an apartment. I was told at the venue that the owner of the bar also owns a couple apartments and to ask if he had one available to rent. So sure enough i asked the owner and said he had one available and ready to move in. So I had explained to him situation and he did work with me. He just asked for first month rent and security deposit. He did not check my background for anything and this how I got the apartment. Now I want to move to an apartment for myself and live on my own. I was staying low key for sometime because I was recuperating from an acciddent. This case has finally come to an end and gotten my settlement check. so it's time to make the move. The apartment Im in now is month to month rent because no new lease was made over a year now. both my roommate and I share our names on the lease. Since it's month to month rent I can actually hand in my 30 day notice to my roommate and landlord. But like i said my income info is the problem. Would the steps you explained in this video work for me in NJ? Ps I still want to move to florida. sometimes I just feel like I should just pick up and go. I do plan on studying something to get a better job that pays real good or at least enough where I can meet the requirements to rent an apartment. Let me know what you think. Take care pal.
Hello Ivan, nice to hear from you again! Yes I can understand how that situation would be frustrating. I think it would be OK giving your landlord a 30 day notice as well as your roommate and as long as the landlord agrees to let you out you should be fine. As for having the income for a new place is a whole new problem for sure. Especially now with the rental market as nuts as it is. I would say if you want to go on your own and you don't have a lot of income your best bet is to just rent the cheapest place you can get on your budget were you don't need a roommate. It might not be your first choice or the best ideal location but in a pinch you might not have any other options.
by the way, i dont know if this is worth a try. But I was gonna ask personell at my job for an employment letter that I can forward to company that renting the apartment I want to rent. I was told that helps. what is your opinion on that Michael?
Yes....please help with understanding when buying a condo....Who pays if heating and cooling if it were to break. Being in a building doesn’t make sense to me.
I’m 17 and I’ll be moving next year can I put my mom as a co signer to get approved for an apartment because I’m moving out of state and won’t have a job?
I love all your videos💖💖💖. I am planing to move to Florida but still I don't know where area. I am thinking St. Augustine or Maiami. You are so cute/ so handsome 😍
I'm kinda in the same situation as the guy in the email. I'm 26 I don't have bad or good credit I just don't have much established. But I'm very good with managing money I work alot of overtime at my job (that job does not pay 3x the rent) but like I said I'm extremely good with money and I save and invest ....I have about 50k in the bank also My question is could I go to a landlord and look for a 12 month lease and just offer to pay the whole 12 month lease right up front ? Or would it be better to look for a 6 month lease ? I plan to move to South FL in a year and by the time I do I'm going to have more than enough money to pay a whole 12 month lease up front in cash Do you think it would be difficult for me to find something
Yes absolutely you can offer 12 months in advance. I would try six first so that way you don’t spend all your cash unnecessarily but I’ve done several deals like that in the past and just depends on the landlord being open to it. Good for you for being young, responsible, and having some cash saved!
My fiancé and i are both marine corps veterans utilizing the gi bill to go to school and we always have a problem explaining to landlords that we get paid for school. They automatically assume we are receiving some kind of government assistance and it is extremely frustrating.
That is a tough one because a lot of real estate agents don’t even do rentals. My advice to you would be to find some rental listings you like and then look up the realtors to see their reputation and maybe call a couple of them and just stick with one who you like and trus
I am having trouble getting into a trailer , I have a two year tenant ledger proving I’ve paid rent every single month on time . The only thing I do not have is my 1099 form from last year unfortunately, but I do also have 20 k saved . If there’s any advice you can give me let me know please
I’m not sure why they would be giving you a hard time it sounds like you’re doing everything right. Maybe instead of a 1099 you can show your bank statements?
I am looking for an apartment with my partner. He has started work but mine starts in December (I have an offer to prove this) but I also have about 50k savings. Our salaries combined represent more than 3 times the rent and the companies we work/will work for are 2 of the largest most reputable in our industry. However, we have been rejected so far when we have put an offer for a flat. Do you have any idea why that happened? My best guess is we have just finished uni and are probably competing with people who have worked for years and built a credit history.
Based on what you told me it’s hard to say exactly why you’ve been rejected. It could be a lot of things but if the landlord has multiple applications then it’s easy for them to make a choice on just who they prefer
The problem man. Is that even though he has 50 k his situation might not be desirable in an affluent market like Miami. Where it might be somewhat easy to find tenants that have a more concrete long term renting plan. In markets like Miami.. even rich people with steady jobs need to rent homes for extended periods.
No job no credit but have money for 6 months to give upfront . I’m currently homeless but I will not spend my apartment money anywhere . I need something to settle down . Because I already have a tittle that can let me work anywhere . Right now I’m just in a situation that I need a place for me and my pets .
If you are a buyer, it doesn't cost anything to use an agent. Give my real estate team a call or email and we'll be happy to help you! (786) 321-2251 info@livinglifeinflorida.com
Im watching this not for me for my friend I’m trying to get an apartment and I have my parents as co-signers and all that but my friend who I want as my roommate doesn’t have a co-signer but he has money saved up so should I just be like my roommate has money saved or what do you think I should do?
Thanks for this video buddy, really helpfull. I believe would be the same for people being just relocated to the USA? My company is transferring me from London to Miami, I do have a good income and the company can give my contract details but as I will just arrive to US I won't have a credit history. Does it apply or would be any easier?
In your case, a letter from your employer explaining the job transfer should be sufficient and count as employment. I have had many clients in that same situation and that was just fine 👍
I'm looking in Texas and there's apt locators (RE Agents) there and I told one of them my no income situation and they told me I would need 3 YEARS of rent savings to be approved?!?!
Michael how do the owners of condos in these high-rises rent to retirees? Rather than buying a condo for millions of dollars and tying up your equity people would probably like to rent instead. How do condo owners qualify retirees?
Doing uber full time gives you a full time income, which you can prove with bank deposits. You should have no problem getting a place if you can show consistent deposits
@@MichaelBordenaro Thank you for responding. We are looking into apartment complexes so they say they are not allowed to take extra money beyond the guideline.
@@srsmithali in that case you're better off switching your strategy to talking to individual landlords no more apartment complexes. That way you can strike a deal with the actual owner of the place.
@@MichaelBordenaro Thank you, I switched to doing what you said, who h is looking into condos and town homes, don't like what I see so far. Also to be honest I am nervous about renting again. I guess I like the idea of getting an apartment in a complex where no one is in your face. You have portals that you can login and pay your rent and just keep it moving unless you need to get somthing repaired etc or you encounter other issues such as with packages etc. But if that's what we have to do then we will give it a try.
Do you know anything on Southgate towers in Miami Beach is it hard to get a place there would they rent to a 18 year old with some money and a parent co sign?
I’m having the same issue I have well more than enough money to pay a while year up front . I offered two places 6 months up front , and the house was 3000 a month which is like 20k up front . And I have way more than that in my bank account which I showed them , I don’t get why I got denied . I work from home my depositors are 4 times the rental amount which I showed them so I don’t get it I have 100% payment history. I just don’t get what I’m doing wrong and I can’t live in a apartment I need 3 bedrooms plus
I would keep trying, I have had success with that method before for other clients. I would even accept you for my own rental! Usually when that doesn't work its bc of something else like a criminal record or a past eviction. You have proof of income to pay and that is what most landlords care about
I'm likely moving to Florida Michael. Leaving CA. Moving to either Pensacola, Tallahassee, or Jacksonville. My situation is I am a Veteran, Associates in Automotive. Minimalist lifestyle. Income is $1400 a month VA benefits, and can work on top of that. Any suggestions? Thanks.
Hey Mike, my advice would be to make sure you have decent credit too, if you don't already, that will help you a lot when getting a place. The 3 cities you mentioned are all pretty affordable, so price shouldn't be an issue if you can work as well. And I would also research ahead of time, which of the 3 cities have the best paying automotive jobs before you get here 👍
I dont think you'll be able to get a discount on a 2 year, lease but it will give some peace of mind knowing you won't have to move for a couple of years, that's really what you're getting. The best way to get a discount is to offer a large amount up front, and then you may be able to get a $100-200 off the monthly depending on the price of the unit
@@MichaelBordenaro one other question, what month or time of year is best to look for a place on Miami Beach? Or is it generally the same rates all year?
@@LindseyDara Good question! I have gotten that one a lot over the years. It doesn't matter too much, but there are a few caveats. I made a video a while ago on this topic, I'll link it here 👌th-cam.com/video/YG5SyI703r4/w-d-xo.html
9 months later i have this problem i even offered 1yrs rent upfront but this is in las vegas smdh, But i refuse to show my bank statements i think that is a little to much i have a 730 credit score and no debt, And just sold my home in cali for 380k all profit i refuse to buy in this inflated market....
It’s not that big of a deal to show your bank statements you can black out all of your account information that’s personal and just show your deposits and withdrawals and total balance. I know it’s not the most ideal thing to do but if It get you the place..
@@MichaelBordenaro Well when you spend like we do it is but to me its just a bit much, I have no issue showing my balance just not what i buy and do with my money is none of these guys biz, Maybe its just me but thats how i feel
@@malcom4328 I hear you and it’s fine if you don’t want to reveal what you spend your money on it is none of their business. As long as you can prove you have the money is the most important thing
If you don’t want to watch the video of him explaining the difference between condo & apartment you can hold your home button down on iPhone and ask Siri in the middle of this video and Siri will tell you
It should be against the law to deny a rental application because of poor credit, low income etc. I have been denied at 20 different places, I’ve never been evicted. Can anyone explain this to me?
Its because your high risk. Because the law says they can't kick you out for 30 days. If you fight it, it canbtake another month to enforce in some cities. Also those people are likely to damage the property in retaliation. So your likely to cost them at least a month and a half of expenses up to a full yrs quarter, just in $$$$ from not giving it to a lower risk renter. Im trying to find a place on low income right now too, i get, its frustrating but makes sense. If we had less regulations on renting, and landlords, this problem wouldn't exist. But People want to feel safe with theses rules, and theirs a cost for that feeling
I’m glad you talked about this cause I don’t have a job and bad credit but I have about 15k saved up and looking for a 1300 apartment but I keep getting declined. I’m moving from Maryland to Florida
Awesome glad you found it helpful and the tips in the vid should help you land a place. But if your credit is bad because you have unpaid bills then not so much. But a lot of people have bad credit because they have a lot student loan or medical debt
@@captainkirk2502 Yes they do, the process is pretty much the same, but it is much quicker and there is no third party approval process. You will basically submit your info the landlord requests, and if they say ok, then you'll sign a lease, pay your move in costs and move in right away
2:05 "I don't understand why any landlord would give them a hard time." Good question. Just because it sounds odd to you doesn't mean it's not a horrible truth for people. Landlords in my area are afraid people will just blow their savings overnight. You can show up, 100k in the bank, a steady paycheck, and if you're not making 3.5 times the rent now, you can just walk. Why? Because there's always someone with 500k in the bank and makes 5 times the rent. I think the the number of airbnbs reducing rentable units has made it so they can be as picky as they want, and I'm about to be homeless, even though I make more money than I've ever made in my life. Everything went to @%#! sometime between 2017 and 2019.
@@waveyboyviCC6 I am all about helping my viewers. Unfortunately, literally every-time I recommend someone for a rental, it seems to not work out. So my recommendation is to go on realtor.com, find a listing you like and try to work with that agent.
Probably not. Mainly bc if you can't pay the rent, then doesnt matter what your credit is. That is why I suggest people in your position offer up a large sum of rent in advance to compensate for no job
@@MichaelBordenaro makes sense, so would most landlords overlook proof of income if you pay 3 months upfront? Can you show tax returns as proof of income?
@@VerbalGenius09 usually you have to pay three months upfront no matter what so you’d have to offer at least six months upfront to stand out. Tax returns do count as proof of income however if you don’t currently have any income they might still not accept it. That’s why it’s important to offer up a large amount upfront
@@VerbalGenius09 Start with that, and offer more if necessary, but thats how I have always approached it with clients in the past, and usually after a couple places, one landlord will say yes
Just because you did not have luck in this scenario does not mean these tactics don’t work. How many landlords did you try that offer with? My guess is probably not enough
This is relateable to my situation right now and many others. There’s thousands of videos for people with no job and no credit renting there’s like 2 videos for my situation including this one
@@gomezalejandrog well I have 50k but no job in a hot rental market. Good savings/great credit score/no criminal history but I’m not getting places because of my “income”
@@MichaelBordenaro yes well I am working part time and have some savings they want to see three times income coming in , I don’t understand how normal average income person is able to rent? Idk
@@jaszzy26 Yes I hate that requirement the most because its unrealistic for almost everyone now days, and as long as people have a clean record and pay their bills on time, this shouldn't matter. More landlords needs to see the reality and human side of the situation
Money talks even with no credit history & no job. When I left the military after 4 years, I moved to a new city without knowing anyone. But, I've saved all my money since I had no bills while in the military. I told the apartment manager I'm willing to pay the rent for a whole year, plus the deposit. Sign the contract and move right in with no problems.
![เกิดใหม่ทั้งทีก็เป็นสไลม์ไปซะแล้ว ซีซั่น 3 - ตอนที่ 64 [ซับไทย]](http://i.ytimg.com/vi/Pmsta0byEpk/mqdefault.jpg)
If you want to explore the differences and benefits of buying v.s. renting, check out this video here: th-cam.com/video/5YfFWmlKNp0/w-d-xo.html
I believe it's due to the current eviction moratorium. Many landlords are afraid, that the new tenant without a job, might opt to not pay rent because he or she is protected. However, what the landlord may not understand is that 6 months upfront rent is better than a vacant unit.
Yes that has made it more difficult in recent times for sure. However, in Florida we no longer have a moratorium since 10/1. But other states probably do, so I definitely understand the hesitation. But also being a landlord and in the real estate business there is more to a tenant story than just their income and you can learn a lot about a person by spending 15 minutes talking with them and figuring out if they'll be a right fit for the place. Too bad more Landlords don't take the time to do that. And yes 6 months is TOTALLY better than 0👍
Or the opposite. Not payimg rent even though you have a job. Did the Mayor's think before enacting the rule.
It IS AND IT’S not fair! I have housing and it's paid 100%! I had a good credit score and then after Pandemic Unemployment ran out I kept trying to pay all my bills until I had $0. I lost my income in September 2021 and my credit began to drop from 750 to 400 something. It went up 60 pts this no to 550 so I'm working on it. I don't know what to do
@@mycustompaintedlife502 Get two job that sucks, work 60+ hours a week.
This is the exact reason I can’t move out. None of these jobs in my area pay 3x a month income smfh.
Don't get hung up on that! In fact, I just had one of my viewers move here to MB, with no job and he got a great apt. It is possible
You can look for move in nanny jobs some of this jobs will let u live there for free if u willing to work as a nanny
If you have someone close to you willing to do it you can have them move money to your account and then back to theirs for a few months and just say you do gig work on the side of your regular job to make it appear that you have that 3x
You ain't kidding.
You use to be able to pay a 1 year lease off in advance but now they try not to even do thar. Best to do. Save cash. Buy a fn tiny home in the sticks and ftw
Wait... This guy has 50k in the bank?? Wow! That is very impressive.
Yes that is impressive at 30 for sure!
The savings and credit score combo at my age. Sounds legendary
I asked about this topic a few months ago so Im glad your talking about it
Absolutely! You and quite a few others have mentioned this and its been my to do list. Glad I finally made it 👌
I think a big part of the problem is so many of these apartments are owned by companies and not individuals. So underwriting isn’t a negotiation, it’s a yes or no and screw you, you don’t ever talk to the landlord or owner!
I've always lumped condos and apartments together, definitely looking forward to that video and going to start expanding my search to condos for rent too
Yes it seems most people don't really know the difference so I look forward to expanding on that in the next one 👌
@@MichaelBordenaro Hi, are you a landlord in Florida?
Condo's are a lot of the time privately owned where apartments are usually corporate owned and nobody can bend the requirements.
Holy shit nice rectifier! :)
I’ve got a Triple. I should use it in my background
Yet another great video by Michael !! 👍🤩
I agree If you are looking to rent or buy in Miami the last thing you want to do it’s not having a realtor! You will soon find out it’s more complicated than you think! Miami is a unique city with so many choices ! Make sure you make the right choice! I noticed it was harder to rent there that’s because landlords are trying to protect themselves against people who love to be on the beach but not so responsible to pay the rent!!🤔😂
Thank you very much! Yes it is important to have a good realtor for sure. And you can't blame landlords for vetting tenants and making sure they accept the right person👌
Thank you man this helped a lot!
You're welcome Calvin!
This helps and it is informative for me 🙌🏻
Excellent! Really glad to hear that!
Your vids are so helpful thanks 😊
I'm so glad!
Very informative thank you!
Glad it was helpful!
You explain really good thank you!
Thank you very much!
What a thoughtful video. Thank you.
You are so welcome!
Thanks so much for taking the time to do this content! Wish I could take my NY salary. I am moving to florida and still researching and job hunting and this definitely helped. I may even need your help.
You're very welcome! I know some people have been lucky enough to actually keep their salary from a higher paying state and move here to FL but I suppose that is pretty rare. If you need help with your move reach out!
Except to make lower salaries and wages in Florida.
Rents use to 1500. Up and more 2100.. 1 bedroom, 3x rent, 250 app fee, deposits, dog deposits 300 to 500 and 25 per month
Good luck
Great video. Ty
Thanks a lot! Glad you enjoyed😀
Absolutely good advise
I’m using a realtor now to help relocate my sister . She lives upstate Rochester NY . I’d be stress out without a realtor .
Thanks Eleanor! yes if you get a good realtor it can be the best way to help relocate when you have someone who knows the area and can close a deal 👌
Dude, helpful video.
Awesome, happy to hear that !
They want 3x the rent as opposed to real liquidity for two reasons:
1. Apartment use budgets and cashflows. They want YOUR income to be "flowing" to them, and not lump summed. Its kind of like balancing a budget. They want their revenues to be streaming.
2. Paying half your lease up front gives the landlord a harder time to evict you if you violate lease. Basically you can't "pay your way out" of being a nuisance.
About the co-signing part. Another option is to use a guarantor. It's a professional agency of agents who co-sign for you. Of course you have to pay a fee usually a percentage of what the monthly rent is.
That very well may be, but that is also why I recommend staying away from apartment complexes if this is your situation. A landlord can still evict you even if you have advance rent paid, if you're violating other terms of the lease. But almost always, its for unpaid rent. Good tip / point on the guarantor. I have had a few people do that as well, although much less common 👍
@@MichaelBordenaro Thank you! On a lighter note, I leave for Florida for my move on Saturday ! :D
@@lextacy2008 Oh wow, good for you! I wish you a safe move and I am happy to be the first one to say welcome to Florida!!
I didn't know people get a hard time finding a apartment without a job and they have months of rent upfront. I actually thought the landlord would accept that as long as they get s tenant. Maybe landlords are extremely picky and choosing.
I don't to worry about that no time soon due to the fact that I'm currently focusing on getting my credit score up in the high 900s. Basically buy a snack once a month, put my credit card in a safe, wait for the bill to come, and pay ahead of time and do the consistently.
Great educational video Mike B!.
Yes it's not as easy as it once was. Even when I first got into real estate it was easier to rent a place than now. And landlords really don't want to go through an eviction, so thorough vetting up front is the best method. Your idea for the credit card is wise if you are aiming to get your credit under control. Glad you enjoyed the vid 😎✌️
This is my first time looking for an apartment. I am moving to a different and more metropolitan city, for the sake of my children going to better schools, but OMG it is so hard with not having a job. I have also offered paying 6 months upfront and get rejected.
nice guitar set up bro!
Thanks a lot, I love it!
Thank You Michael ! I am 23 and have been going to college ever since I graduated and never knew how important Proof of income is ... I am going to try all the tips you recommend and will see if I can get an apartment/townhouse/condo in LA 🙏🏻
You're welcome! Let me know how it works out. LA can be tougher than FL with requirements, so hopefully some of these tips will work for you!
@@MichaelBordenaro Thanks Michael 🚀 by any chance you don’t know of any Real Estate Agents in LA Area ?
@@Teggy123 You're welcome! Not personally I don't
Did it work?!? Im in the same boat as you 23 and in school I just want my own space.😭😭
I like your videos. Thanks
So glad to hear that, thanks Gladys😊
Awesome topic! I’ve always wondered about this is if I moved to Miami and wasn’t going to buy. Thank You!
Glad it was helpful! I figured many people would like this one since so many have asked about it
@@MichaelBordenaro Definitely, you’re right about that. I’ve thought about this topic so much, lol. Great job as always!
@@TheRalphie2020 Thanks a lot!
renting a room is a good idea too
I filled out an application for renting apartment with my brother.
He got accepted, but I didn't because of my monthly salary.
I decided to pay 6 moths to a years worth of rent upfront and I got an apartment with my brother.
I had just moved to the state and hadn't started a job and my promised wage after I start worked was less than $2000 a month, at the time of trying to get the apartment.
Short term lease would be useful information too. Thanks
Good idea, yes I might do a vid on that as well 👍
Yes, Michael, I would like to know the difference between a condo and an apartment. Thanks
You got it! Its coming next😊
With the "Great Migration" from New York to Philly since 2020
The rates in the Philly Delco area are off the charts.
Greedy landlords and Corporations that own ALL the local apartments in the area don't want the people that grew up here.
Its sad but true
Crime / Drugs are rampant in the area we once called home
Philadelphia is now New York
I'm so glad this video popped up after the flooded streets. Haha. My plan was to pack the car, drive to Florida then stay with friends in varying areas until I pinpoint where I want to be. I "think" I want St. Pete or Tampa, but not 100% sure. I was thinking I could rent an airbnb for a month, then try to put 6-12 months up front on a rental until I'm established (self employed). I have a year plus up front, but it sounds like I would still face an upward battle finding someone to rent to be without a "JOB" which I haven't had in 25 years. (self employed). Any tips for those of us who will not be walking into a traditional 9-5 job scenario?
You should be fine being self-employed. You still have proof of income which is your bank statements or tax returns so you'll be able to use that you probably won't even have to pay six months upfront
@@MichaelBordenaro Hi Mike,I`m 58 and retired with $250k in the bank,would I have trouble renting a house in St Pete while I`m looking for a house to buy there?
@@mjh5437 I think it should be easy for you as long as your credit is good, since you have the cash to pay the rent
Just got a place in Ormond Beach, was looking for months, had to pay six months rent in advance.
Congrats! Glad to hear one of the pointers from this vid worked for you 👌
Hey Michael i just came across this video and had a couple of questions I was hoping you'd be able to answer. I plan on moving to the Miami Beach later this year and I plan on renting at first to get a feel for where i would want to buy. So I've been looking online at rentals and I noticed that places that have direct water views from their balcony tend to have much higher asking prices. I saw that you have a balcony from your videos so i wanted to ask how important is your balcony to you or to anyone else you know? Like would you say you use it every day and if so how often? Obviously i know everyone is different but I'm trying to find out if its worth it to pay more for a condo/apt that has a nice balcony with a nice view. Sorry if this is a dumb question but the prices for rentals and even condos for sale seem to have such a big difference depending on the views. Secondly, have you ever come across a landlord that accepts bitcoin or other cryptocurrencies as payment? Thanks in advance!!!
Furnished finder is a resource for short term rentals
Hey Michael! Like your channel a lot.. You should upgrade your back ground when you making a video well you talk. Give a different look. Keep up the good work.👍
Thank you very much! Yes, I have been thinking about that and looking at some different ways to go about doing it. Since my space for shooting is pretty small, I need to figure out a good setup that will work with the space and still look cool👌
I’m moving from NYC to Miami within the next couple of weeks. Looked at the marketplace on Facebook to find something a bit more private and rented directly by a landlord. Once I tell them I’m relocating, I stop receiving responses lol. Don’t think I’ll have a problem landing a job it’s just hard to tell a job when I can go in for an interview when I don’t know where I’ll be staying. Hoping to get lucky.
Just keep trying you’ll get a place eventually. Otherwise no one would ever be able to move down here
@@MichaelBordenaro Landed a studio in a townhouse. Thank you ❤️❤️❤️
@@sujeybello1712 Congrats!!! Good for you😀
im in the same position rn
Very interesting and helping Michael ! Thank you so much for this video ! And thank u for replying in my Instagram ! 🙋🏼♀️💜
Glad you liked it and you're welcome!!
A extended stay would be much better than having a apartment. As you said, apartments are not your forever home. So, why not stay at extended stay or something 🤔 It's cheaper because you won't have to worry about deposit and all other weird fees apartments come up with. No light bills, no water rates. Way better option than renting in my opinion.
That could be an option as well, but then you are also limited to the locations of any given extended stay. Mostly depends on exactly where you want to move, and with how much $$ etc that can determine the best options for someone
@@MichaelBordenaro Extended stay monthly prices ranged from 12 to 13 hundred. That's not a bad deal. You probably won't find a decent apartment for that price.
@@petboy4146 actually we do have some decent places here for that price, but it will cost more to move in, like you mentioned. This might be a fun video idea😜
Hello Micheal, thank you for your videos. I plan to launch a startup in Miami or around, so I want to know what do landlords require from foreigners ?
Hello Anwar, you're welcome, nice to know you are enjoying my content! The rental requirements will largely be the same as someone local, but with a few key differences. The tenant approval process for you may take longer, as they will most likely need to run an international background check on you. Also, make sure you have the appropriate visa and immigration paperwork to help things go along smoother. And, if you can pay a good chunk of the rent up front say 4-6 months that will also help as well👍
I'm living this hell at the moment. I've been in contact with landlords all month, just to have doors closed in my face. I'm a 40 year old mature student, 700s credit score, substantial savings, good references, and am virtually debt free. I've even offered to pay several months up front, but nothing doing. A truly illogical mindset.
I’m surprised the offering to pay a large sum up front hasn’t worked for you. How many times have you tried that?
@@MichaelBordenaro At least 10 times. Full disclosure: I live in NY and have been attempting to relocate permanently to the midwest. Ames, Des Moines, and various cities in Illinois are thriving right now, and are therefore quite appealing, especially as a prospective first time home buyer. -- I'm beginning to suspect good ol' regional bias and provincial fear. I get the impression that they don't want their idyllic lives overrun with (what they perceive as) interstate elites. Equal parts silly and offensive. As someone who's lived the majority of my life in Europe, I can honestly say that I find more harmony and cooperation between members of the EU (despite greater language, economic, and ethnic divides) than the "united states" themselves.
Just discovered your channel, by the way. Fabulous content and valuable insights. I'm grateful to live in a time where passionate, knowledgeable people have a platform to share their education and advice. Thanks a lot.
@@gogogogogirl I see I didn’t know you were trying this in Illinois. Being from there and spending the first 20 years of my life there I can definitely attest to the fact that some places are less friendly to outsiders than others. It’s very hard to get people to except something different there whether it’s your payment structure where you’re from etc.. I wish you luck and I’m really happy to hear you’re enjoying the channel
@@gogogogogirl collinsville Illinois
says use a co-signer, contact landlord of condo, find short term, and use a agent.
In California I once asked if I could pay for six months rent all at once. They said they don't do that. I did rent from them, but it was on a monthly basis. I had received a lump sum of money at the time and wanted to make sure my housing was more secure before the money got spent on other things.
We tried to move to Florida last year in the Tampa area and my daughter's fiance already had a job and they offered to pay 3 months ahead of time and they still couldn't find an apartment. It's so hard to find a place in Florida. We're going to give it a go again in 6 months to a year.
Good luck on your next try. I hope this video will help you land your next place👍
@@MichaelBordenaro thank you so much! I love your videos BTW 😊
@@alisciatremblay8731 you’re very welcome thank you for watching every view helps the channel!
Hello Michael, long time no see. It's a great thing you made this video. I'm having an issue similar to this too. My income info doesn't show enough for me to get an apartment. although I do share an apartment with a roommate. I had gotten the apartment on my own in Jan. 2012 and still living in it. But my roommate had moved in in 2017. Well big mistake, now i want to move into an apartment for myself without any roommates. Sure roommates helps with rent payment but definitely not worth having a roommate. Especially my roommate, he doesnt want to help with chores and doesnt keep the apartment clean. So you understand the frustration. How I got the apartment in the first place back in 2012, I was djing for a go go bar weekly and I was looking for an apartment. I was told at the venue that the owner of the bar also owns a couple apartments and to ask if he had one available to rent. So sure enough i asked the owner and said he had one available and ready to move in. So I had explained to him situation and he did work with me. He just asked for first month rent and security deposit. He did not check my background for anything and this how I got the apartment.
Now I want to move to an apartment for myself and live on my own. I was staying low key for sometime because I was recuperating from an acciddent. This case has finally come to an end and gotten my settlement check. so it's time to make the move. The apartment Im in now is month to month rent because no new lease was made over a year now. both my roommate and I share our names on the lease. Since it's month to month rent I can actually hand in my 30 day notice to my roommate and landlord. But like i said my income info is the problem.
Would the steps you explained in this video work for me in NJ?
Ps I still want to move to florida. sometimes I just feel like I should just pick up and go. I do plan on studying something to get a better job that pays real good or at least enough where I can meet the requirements to rent an apartment. Let me know what you think. Take care pal.
Hello Ivan, nice to hear from you again! Yes I can understand how that situation would be frustrating. I think it would be OK giving your landlord a 30 day notice as well as your roommate and as long as the landlord agrees to let you out you should be fine. As for having the income for a new place is a whole new problem for sure. Especially now with the rental market as nuts as it is. I would say if you want to go on your own and you don't have a lot of income your best bet is to just rent the cheapest place you can get on your budget were you don't need a roommate. It might not be your first choice or the best ideal location but in a pinch you might not have any other options.
@@MichaelBordenaro ok Michael. Thank you for your response.
by the way, i dont know if this is worth a try. But I was gonna ask personell at my job for an employment letter that I can forward to company that renting the apartment I want to rent. I was told that helps. what is your opinion on that Michael?
@@ivanvelez7668 Yes that will help, do it!
Thank you for the video Michael. One question: what is considered short term lease and long term lease in Miami Beach? Thank you!
You’re welcome! Good question. In miami a short term rental is anything 6 months or less. Anything 6 months and one day is considered longer term
Michael Bordenaro Thank you!
@@FRESHGAMENEWS You're welcome!
What do I do if I am a first time renter (I am a student transferring to a different university) but have $20,000 saved up and have 0 credit history
Yes....please help with understanding when buying a condo....Who pays if heating and cooling if it were to break. Being in a building doesn’t make sense to me.
I do have that video planned on my list, so know it is coming 👍
Hi Michael. I live in Washington DC. Can I apply your consultation to the DC rental market?
I’m 17 and I’ll be moving next year can I put my mom as a co signer to get approved for an apartment because I’m moving out of state and won’t have a job?
I love all your videos💖💖💖. I am planing to move to Florida but still I don't know where area. I am thinking St. Augustine or Maiami.
You are so cute/ so handsome 😍
Thank you Ruth😀 That is a tough choice! Both places are fantastic, but very different. You'll have to visit both before deciding
I'm kinda in the same situation as the guy in the email. I'm 26 I don't have bad or good credit I just don't have much established. But I'm very good with managing money I work alot of overtime at my job (that job does not pay 3x the rent) but like I said I'm extremely good with money and I save and invest ....I have about 50k in the bank also
My question is could I go to a landlord and look for a 12 month lease and just offer to pay the whole 12 month lease right up front ? Or would it be better to look for a 6 month lease ?
I plan to move to South FL in a year and by the time I do I'm going to have more than enough money to pay a whole 12 month lease up front in cash
Do you think it would be difficult for me to find something
Yes absolutely you can offer 12 months in advance. I would try six first so that way you don’t spend all your cash unnecessarily but I’ve done several deals like that in the past and just depends on the landlord being open to it. Good for you for being young, responsible, and having some cash saved!
My fiancé and i are both marine corps veterans utilizing the gi bill to go to school and we always have a problem explaining to landlords that we get paid for school. They automatically assume we are receiving some kind of government assistance and it is extremely frustrating.
I can see how that would be very annoying
How do you find a rental agent in a city that you have never been before.
That is a tough one because a lot of real estate agents don’t even do rentals. My advice to you would be to find some rental listings you like and then look up the realtors to see their reputation and maybe call a couple of them and just stick with one who you like and trus
I am having trouble getting into a trailer , I have a two year tenant ledger proving I’ve paid rent every single month on time . The only thing I do not have is my 1099 form from last year unfortunately, but I do also have 20 k saved . If there’s any advice you can give me let me know please
I’m not sure why they would be giving you a hard time it sounds like you’re doing everything right. Maybe instead of a 1099 you can show your bank statements?
Omg same
I am looking for an apartment with my partner. He has started work but mine starts in December (I have an offer to prove this) but I also have about 50k savings. Our salaries combined represent more than 3 times the rent and the companies we work/will work for are 2 of the largest most reputable in our industry. However, we have been rejected so far when we have put an offer for a flat. Do you have any idea why that happened? My best guess is we have just finished uni and are probably competing with people who have worked for years and built a credit history.
Based on what you told me it’s hard to say exactly why you’ve been rejected. It could be a lot of things but if the landlord has multiple applications then it’s easy for them to make a choice on just who they prefer
The problem man. Is that even though he has 50 k his situation might not be desirable in an affluent market like Miami. Where it might be somewhat easy to find tenants that have a more concrete long term renting plan. In markets like Miami.. even rich people with steady jobs need to rent homes for extended periods.
No job no credit but have money for 6 months to give upfront . I’m currently homeless but I will not spend my apartment money anywhere . I need something to settle down . Because I already have a tittle that can let me work anywhere . Right now I’m just in a situation that I need a place for me and my pets .
I wish you luck, I hope you get someting!
Where do you recommend finding a real estate agent at no cost of us?
If you are a buyer, it doesn't cost anything to use an agent. Give my real estate team a call or email and we'll be happy to help you! (786) 321-2251 info@livinglifeinflorida.com
Im watching this not for me for my friend I’m trying to get an apartment and I have my parents as co-signers and all that but my friend who I want as my roommate doesn’t have a co-signer but he has money saved up so should I just be like my roommate has money saved or what do you think I should do?
If you and your friend will be roommates and your parents will co-sign, you shouldn't need any additional co-signors, one should be enough
what i noticed owners are much more lenient and costs less overall
Thanks for this video buddy, really helpfull. I believe would be the same for people being just relocated to the USA? My company is transferring me from London to Miami, I do have a good income and the company can give my contract details but as I will just arrive to US I won't have a credit history. Does it apply or would be any easier?
In your case, a letter from your employer explaining the job transfer should be sufficient and count as employment. I have had many clients in that same situation and that was just fine 👍
@@MichaelBordenaro great to hear, thanks buddy. I'll be moving most likely July. Will get in touch for your additional support. Thanks a lot!
So how are you liking Miami?
I'm looking in Texas and there's apt locators (RE Agents) there and I told one of them my no income situation and they told me I would need 3 YEARS of rent savings to be approved?!?!
what if you are on some form of disability, you caan pay the rent but dont have job to show 3X income what do you do?
Doesn't matter if you don't have a job, you have verifiable income, which is all that matters
When did Qui-gon Gin become a realtor?
What would be the downside of paying every month at a motel / hotel vs paying every month for an apartment?
It's way more expensive. From 3-600 or more a week.
Michael how do the owners of condos in these high-rises rent to retirees?
Rather than buying a condo for millions of dollars and tying up your equity people would probably like to rent instead.
How do condo owners qualify retirees?
Usually through bank statement's or any other proof of income will suffice. Doesn't' have to be a job.
What about gig workers I'm a full-time Uber driver how can I get an apartment anywhere in South Florida
Doing uber full time gives you a full time income, which you can prove with bank deposits. You should have no problem getting a place if you can show consistent deposits
Yes, I am trying to move to another state. We will have money from the sale of our home and willing to pay up to 6 months. I was told no.
Just have to keep trying. Not every landlord is open to the situation
@@MichaelBordenaro Thank you for responding. We are looking into apartment complexes so they say they are not allowed to take extra money beyond the guideline.
@@srsmithali in that case you're better off switching your strategy to talking to individual landlords no more apartment complexes. That way you can strike a deal with the actual owner of the place.
@@MichaelBordenaro Thank you, I switched to doing what you said, who h is looking into condos and town homes, don't like what I see so far.
Also to be honest I am nervous about renting again. I guess I like the idea of getting an apartment in a complex where no one is in your face. You have portals that you can login and pay your rent and just keep it moving unless you need to get somthing repaired etc or you encounter other issues such as with packages etc.
But if that's what we have to do then we will give it a try.
@@srsmithali Just remember that renting is temporary so you can always move to an apt complex later once you get established 👌
I need you as my reletor
How can I get a job in Florida out of state?
You're probably going to be limited to online job openings in the area you want to move.
Do you know anything on Southgate towers in Miami Beach is it hard to get a place there would they rent to a 18 year old with some money and a parent co sign?
Yes I know of it, you will probably need a co-signer for sure but if you have that then you have a pretty good shot
I’m having the same issue I have well more than enough money to pay a while year up front . I offered two places 6 months up front , and the house was 3000 a month which is like 20k up front . And I have way more than that in my bank account which I showed them , I don’t get why I got denied . I work from home my depositors are 4 times the rental amount which I showed them so I don’t get it I have 100% payment history. I just don’t get what I’m doing wrong and I can’t live in a apartment I need 3 bedrooms plus
I would keep trying, I have had success with that method before for other clients. I would even accept you for my own rental! Usually when that doesn't work its bc of something else like a criminal record or a past eviction. You have proof of income to pay and that is what most landlords care about
@@MichaelBordenaro yah I don’t have any criminal anything I’ll keep trying . Thanks for the videos very informative
@@Pinkkeverything Good luck!
Just buy a home
I'm likely moving to Florida Michael. Leaving CA. Moving to either Pensacola, Tallahassee, or Jacksonville. My situation is I am a Veteran, Associates in Automotive. Minimalist lifestyle. Income is $1400 a month VA benefits, and can work on top of that. Any suggestions? Thanks.
Hey Mike, my advice would be to make sure you have decent credit too, if you don't already, that will help you a lot when getting a place. The 3 cities you mentioned are all pretty affordable, so price shouldn't be an issue if you can work as well. And I would also research ahead of time, which of the 3 cities have the best paying automotive jobs before you get here 👍
Credit is (at this time) around 695. Fair. And my mom is willing to co-sign as a backup as my mom is considering florida as well.
@@MikeV-97 695 definitely is not bad, but if you can get it even higher before your move, even better. And having a co-signer will be an advantage 👍
If I wanted to sign a least for two years, would I be able to get a discount and how much do you think it might be?
I dont think you'll be able to get a discount on a 2 year, lease but it will give some peace of mind knowing you won't have to move for a couple of years, that's really what you're getting. The best way to get a discount is to offer a large amount up front, and then you may be able to get a $100-200 off the monthly depending on the price of the unit
@@MichaelBordenaro sounds good, thank you!!
@@LindseyDara You're welcome!
@@MichaelBordenaro one other question, what month or time of year is best to look for a place on Miami Beach? Or is it generally the same rates all year?
@@LindseyDara Good question! I have gotten that one a lot over the years. It doesn't matter too much, but there are a few caveats. I made a video a while ago on this topic, I'll link it here 👌th-cam.com/video/YG5SyI703r4/w-d-xo.html
9 months later i have this problem i even offered 1yrs rent upfront but this is in las vegas smdh, But i refuse to show my bank statements i think that is a little to much i have a 730 credit score and no debt, And just sold my home in cali for 380k all profit i refuse to buy in this inflated market....
It’s not that big of a deal to show your bank statements you can black out all of your account information that’s personal and just show your deposits and withdrawals and total balance. I know it’s not the most ideal thing to do but if It get you the place..
@@MichaelBordenaro Well when you spend like we do it is but to me its just a bit much, I have no issue showing my balance just not what i buy and do with my money is none of these guys biz, Maybe its just me but thats how i feel
@@malcom4328 I hear you and it’s fine if you don’t want to reveal what you spend your money on it is none of their business. As long as you can prove you have the money is the most important thing
I am looking to move to Miami in December. Can you help me?
Sure give my real estate team a call and will be happy to help (786) 321-2251mailto:info@livinglifeinflorida.com
@@MichaelBordenaro Great! Thanks
@@rosyolivera98 you’re welcome!
Initially you can always tell the landlord that you will be doing Uber or Lyft.
Yes you can do that, but it just depends on the landlord really. Most landlords know that's not a stable source of income it might not accept that.
I remember when apartments used to be cheaper and in decent neighborhood and you didn't need to make 3 x
Why landlords want you to have a job especially if you have a low income housing voucher that is willing to pay the full amount if need be?
Having and holding a job shows character and responsibility and that is preferable when looking for a good tenant.
If you don’t want to watch the video of him explaining the difference between condo & apartment you can hold your home button down on iPhone and ask Siri in the middle of this video and Siri will tell you
It should be against the law to deny a rental application because of poor credit, low income etc. I have been denied at 20 different places, I’ve never been evicted. Can anyone explain this to me?
Its because your high risk. Because the law says they can't kick you out for 30 days. If you fight it, it canbtake another month to enforce in some cities.
Also those people are likely to damage the property in retaliation.
So your likely to cost them at least a month and a half of expenses up to a full yrs quarter, just in $$$$ from not giving it to a lower risk renter.
Im trying to find a place on low income right now too, i get, its frustrating but makes sense.
If we had less regulations on renting, and landlords, this problem wouldn't exist.
But
People want to feel safe with theses rules, and theirs a cost for that feeling
I’m glad you talked about this cause I don’t have a job and bad credit but I have about 15k saved up and looking for a 1300 apartment but I keep getting declined. I’m moving from Maryland to Florida
Awesome glad you found it helpful and the tips in the vid should help you land a place. But if your credit is bad because you have unpaid bills then not so much. But a lot of people have bad credit because they have a lot student loan or medical debt
Good luck I’m here in Florida and the rent I is sooo high
Next time how to rent without a job and no money by Michael Magic Bordenaro ^^
Haha maybe I’ll be able to figure that one out LOL 😆
Hi, do u work with someone wanting to rent a house?
Hi Don, yes I do! But only in the Miami Beach area, are you looking to move here?
Yes but probably to the tampa area
Question, do landlords ask for proof of income when renting a house?
@@captainkirk2502 Yes they do, the process is pretty much the same, but it is much quicker and there is no third party approval process. You will basically submit your info the landlord requests, and if they say ok, then you'll sign a lease, pay your move in costs and move in right away
Thank you
Mayor Wolf of Philadelphia just made aparments free. You can't get evicted if you don't pay rent. Why pay rent then.
That is totally criminal and there will be massive repercussions for that down the road I guarantee it
2:05 "I don't understand why any landlord would give them a hard time." Good question. Just because it sounds odd to you doesn't mean it's not a horrible truth for people. Landlords in my area are afraid people will just blow their savings overnight. You can show up, 100k in the bank, a steady paycheck, and if you're not making 3.5 times the rent now, you can just walk. Why? Because there's always someone with 500k in the bank and makes 5 times the rent. I think the the number of airbnbs reducing rentable units has made it so they can be as picky as they want, and I'm about to be homeless, even though I make more money than I've ever made in my life. Everything went to @%#! sometime between 2017 and 2019.
I got paystubs with good income calculation for my new apartment
I’m exactly in one of these predicaments are you still in the real estate game and can provide help ? Please let know so that we can talk !
Yes but I don't handle rentals any longer, so I wouldn't be able to help you with this.
@@MichaelBordenaro understandable , any recommendations who still does ?
@@waveyboyviCC6 I am all about helping my viewers. Unfortunately, literally every-time I recommend someone for a rental, it seems to not work out. So my recommendation is to go on realtor.com, find a listing you like and try to work with that agent.
Does excellent credit trump no job?
Probably not. Mainly bc if you can't pay the rent, then doesnt matter what your credit is. That is why I suggest people in your position offer up a large sum of rent in advance to compensate for no job
@@MichaelBordenaro makes sense, so would most landlords overlook proof of income if you pay 3 months upfront? Can you show tax returns as proof of income?
@@VerbalGenius09 usually you have to pay three months upfront no matter what so you’d have to offer at least six months upfront to stand out. Tax returns do count as proof of income however if you don’t currently have any income they might still not accept it. That’s why it’s important to offer up a large amount upfront
@@MichaelBordenaro that makes complete sense, I can easily pay 6 months up front
@@VerbalGenius09 Start with that, and offer more if necessary, but thats how I have always approached it with clients in the past, and usually after a couple places, one landlord will say yes
at this point i feel like im begging the apartments to take my money so i have a roof over my head😩😭
As a last resort, stay at a resort.
Yep pretty much!
This is isn’t accurate I had over 75K in my savings with good credit and a landlord still refused to rent to me because I had no job at the time.
Just because you did not have luck in this scenario does not mean these tactics don’t work. How many landlords did you try that offer with? My guess is probably not enough
How the hell do you have 50k saved up?
That is literally the exact opposite of relatable.
This is relateable to my situation right now and many others. There’s thousands of videos for people with no job and no credit renting there’s like 2 videos for my situation including this one
@@aariesharris7894 if you have 50K in savings I’m sure you can think critically enough to figure this stuff out on your own
@@gomezalejandrog well I have 50k but no job in a hot rental market. Good savings/great credit score/no criminal history but I’m not getting places because of my “income”
@@gomezalejandrog for reference, I’m trying to rent in Davis, CA one of the lowest vacancy places in the country
I m in Michigan this nonsense everywhere
It is pretty much the same everywhere and these tips can help almost no matter where you live
@@MichaelBordenaro yes well I am working part time and have some savings they want to see three times income coming in , I don’t understand how normal average income person is able to rent? Idk
@@jaszzy26 Yes I hate that requirement the most because its unrealistic for almost everyone now days, and as long as people have a clean record and pay their bills on time, this shouldn't matter. More landlords needs to see the reality and human side of the situation
From Cyber Credible
Tip 11:
Find a sugar daddy / mommy.
Ample supply in South Florida.
Haha, well that is an option too 😂
😂😂😂 Easier said than done
@@BajanPana :)
@@BajanPana Miami is probably one of the best places to go that route if you choose😉
@@MichaelBordenaro I’ve been to Miami a few times and was never able to find one. I’m going to need the exact locations. Please and thank you 😅
Cyber Credible legit tbh
Money talks even with no credit history & no job. When I left the military after 4 years, I moved to a new city without knowing anyone. But, I've saved all my money since I had no bills while in the military. I told the apartment manager I'm willing to pay the rent for a whole year, plus the deposit. Sign the contract and move right in with no problems.
damn that amp is sexy