FINDING A PROPERTY: TYPES OF RENTALS
When looking into renting in Orlando, it’s important to know there are multiple types of rental housing available. Apartments, condominiums, single-family and multifamily units of all shapes and sizes are found within The City Beautiful.
Figuring out what type of property will meet your needs best when renting in Orlando is determined by your preferences, for instance, the amount of privacy that you desire and what types of amenities best suit your lifestyle. Here are some of the benefits associated with some of Orlando’s various types of rental properties:
Apartment units housed within a complex are usually owned by a single entity or corporation and then leased out to individual tenants. Apartment communities typically come with the use of straightforward amenities: one parking spot per unit, on-site laundry and maybe a gym, free maintenance, or an outdoor pool.
Condos & Townhomes
Condo units are owned by individuals and usually managed under the umbrella of a condo community’s association. The individual condo owner is your landlord. Condo amenities can vary a little more as they are covered under the terms of the individual lease and what kind of amenities are administered through the HOA.
Single Family Homes
Often times renting a single family home can mean more privacy and more space. Typically a home is owned by an individual and then leased directly to the individual tenant. Amenities are individualized to each property and it will be up to the terms of the lease when it comes to using any community amenities such as a community pool, tennis court or gym.
Keep in mind there are also housing options designed specifically for students, seniors and those with income restrictions. Additionally, we encourage everyone to check to see if you qualify for any special housing or financial help that’s available. Federal, state, and local governments, as well as many nonprofits organizations, provide assistance to individuals and families looking to rent a home.
VIEW OUR COMPREHENSIVE RENTAL GUIDE
AVOID THESE RENTING PITFALLS
A lease on a property commits you to renting it for an extended amount of time and paying a considerable amount of money. Before signing it’s smart to make some final checks.
Below Market Rent
If the monthly rent for an apartment or single family home in your area averages $2,000, be wary if the place that you have found costs half of that. This is especially true if you’re conducting a long-distance search and haven’t seen the home in person. While it would be nice to save a lot of money on rent, you don’t want to be snared by a scam!
Signs of Neglect
Take a careful look around the property. is there damage to the roof or windows? Any sign of water damage or mold? Look past decor and charm and see if things are being cared for. If you see something that raises a question, talk to the landlord or property manager before you sign the lease. If they avoid the problem or dance around the subject, you may want to keep looking.
A Fishy Lease – Or None at All
Take time to read through the rental lease and ask about anything you think might be unreasonable or excessive. Along the same lines, a landlord who doesn’t want a lease should be considered very suspect. A lease or rental agreement protects you as well as the property owner, so it’s best not to live anywhere without one.
Have you noticed frequent and multiple online openings for the building or complex? It could mean the building is more suited to short-term tenants. On the other hand, high-turnover could also be a sign that tenants are unhappy.
If a prospective landlord or property manager is tough to contact before you sign a lease it could be an indication that calls also may be dodged after you’ve moved in.
GETTING YOUR DUCKS IN A ROW
Renting a great home usually means you have to move fast! To help you respond quickly to a posting It’s smart to pre assemble documentation that confirms who you are and shows that can present you as the best applicant.
- Driver’s license, passport or another form of government-issued ID with a photo and date of birth
- Social Security number
- Name and contact information for anyone co-signing the lease
- Two to Three previous addresses with names and contact information for previous landlords or property managers to verify rental history
- Contact info for additional references who can attest to your good character
- Month of pay stubs to verify income
- An application fee (usually ranging between $50 and $100)
- Detailed paperwork if you have declared bankruptcy or are subject to leans on debt. This will help a landlord or property manager understand the circumstances surrounding the bankruptcy or leans
INQUIRING ABOUT RENTING A PROPERTY
Rental properties often move so quickly that the inventory may not even make it to the MLS or other listing websites.
When hunting for a rental property you will typically have the most success by contacting the listing agent or property manager directly. Because it can often be difficult to find them, we have rounded up the top rental agencies and property managers in Orlando and as a courtesy to you, have created a way to contact them all in one easy form!