Like everything in life people have opinions, but it is up to you to distinguish between what is fact and what is fiction. Here are 3 common misconceptions, and their truths, about working with a licensed apartment locator.
Misconception #1:Apartment locators only work with the apartment communities that pay the highest commissions.
Multi-family housing is such a large industry. Many people are not properly educated about using an apartment locator, and therefore they can sometimes get a bad rap. A reputable apartment locator, like any other real estate agent, will always work to get their potential renter the best deal within their budget no matter where the apartment is located or what commission is paid.
Misconception #2: A legitimate apartment locator will always ask you for money up front.
Working as an apartment locator is hard work, but if you are using a trustworthy apartment locator they will never ask you for any money up front. Apartment locators will work for the buyer/renter free of charge – always!
Misconception #3: Apartment locators do not like to work with individuals who have no credit history.
A good credit history is fundamentally important when renting an apartment, but it is not the only factor that is taken into consideration. Apartment locators are experts in working with potential renters who have no credit history. It may be difficult, but there is an approach to the situation. You might be asked to pay a larger security deposit, or have a cosigner on your lease to show you are serious about being a responsible renter. A licensed apartment locator will help guide you forward as a rental candidate.
Misconception #4: My rent will be higher if I use an apartment locator because their service fee is added on to my monthly rent.
An apartment locator will work for you free of charge! They receive payment when you sign your lease from the apartment community. Most apartment complexes have advertising budgets, and it is out of these budgets that an apartment locator is paid. Utilizing an apartment locator will almost always get you a better promotion because they have knowledge of all the current pricing and specials going on in the area – advertised and unadvertised.