Tips on Renting To Own A Clarksville Property Solutions Home

Need advice? Check out these rent to own tips from Clarksville Property Solutions.

Tips on Renting To Own A Clarksville Property Solutions Home

In today’s article, we’ll take a look at some tips on Renting to own that you should consider if looking for your next home in Clarksville, TN or  Oak Grove, KY.

As property values plummeted over the latter part of the 2000’s, many people began to turn to renting. There are plenty of reasons to rent as opposed to purchasing a home, including maintenance costs, desire to live in a densely populated part of Clarksville TN Oak Grove KY, or the desire to live in a smaller space.

Should I Rent From A Private Owner vs. Management Company?

There are advantages and disadvantages to renting from a management company.

Oftentimes, a management company will quickly make repairs, and be responsive to tenant complaints. Forward-thinking companies may offer rent payment, maintenance and repairs requests, and answers to other questions on their website. Property management companies are more likely to run credit checks, and require certain scores to consider a tenant. Many property management companies are also reluctant or outright refuse to rent to tenants with pets.

Also with property management companies, they tend to charge top of the market rents because they know what the “going rate” is.

Private owners are often more flexible about who they’ll rent to. Many are renting homes that they own in their retirement account, biding time until they retire, so they’re simply looking for an occupant. If you have credit difficulties or have a dog or cat, it might be best to find a private owner.

Private owners often may rent a house at a little bit lower price than a property management company because they don’t want to hassle with finding tenants or they simply may not know the local Clarksville TN/Oak Grove KY rental housing prices well.

In the end both private property owners and local property management companies have to follow the same landlord – tenant laws in TN so the experience with either one should be fundamentally the same.

Be Realistic with Your Budget

Most financial experts agree that you should spend no more than 30% of your total net income on housing costs. If you’re younger, you may want to budget more than 30%, as entry-level salaries are low, and the rental market is booming, leading to higher costs.

Get Renter’s Insurance

Renter’s insurance protects your belongings from theft and other catastrophic losses. In some states, landlord’s rights trump tenant’s rights, and if something goes missing or damaged in your rental unit, you’ll be responsible.

By purchasing renter’s insurance, your belongings will be protected. Renter’s insurance is extremely affordable, often costing less than $200 a year… which is a no brainer.

If you’re looking for renters insurance in Clarksville TN just pick up your phone book and call any reputable insurance agent (the same type of insurance agents who could sell you auto insurance tend to offer renters insurance too) or head online and do a quick Google search for “Clarksville TN or Oak Grove KY insurance agents” and you’ll find a whole list of agents to choose from.

For other tips on renting a Clarksville TN or Oak Grove KY home feel free to email us directly ([email protected])  or give us a call and we can provide more information and free guides to help you find a great local house to rent… even a (931-320-9707) if your main goal is to purchase a house rather than rent… but your current financial state won’t let you get a home loan. Clarksville Property Solutions can help!!

Consider A Clarksville Property Solutions Rent to Own Home

You have the opportunity to live in your home while you repair your credit or build the reported income you need to qualify for a loan. A traditional seller would never let you move in before the bank said yes - we will.

Our website is a good place to start www.YourNextClarksvilleHome.com

If you have any questions at all don’t hesitate to contact us anytime. We’re here to help!