Turner discusses how to rent a home in longmont colorado

 

Are you looking for a rental? Good news, we’ll provide plenty of info in this post! Remember, you can always contact us if you have additional questions or need help finding a rental property. Competition for rentals varies depending on your city. Cities, like Longmont and its surrounding areas, offer rental properties of all sizes depending on your wants and needs. 

 

Longmont Rental Stats

 

Longmont offers plenty of homes, townhomes and apartments for rent. The rental vacancy rate for Boulder County was 5.8 percent in 2018, according to the Colorado Comprehensive Housing Market Analysis.

 

According to a Times-Call article, the average price of a one-bedroom apartment in 2019 was roughly $1,150 in Longmont and Lafayette. In Boulder, the average one-bedroom rent was $1,823 in 2019. 

 

Overview of Rental Process

 

If you’re new to renting, let’s briefly review the rental process. First, you’ll need to fill out an application with all of your personal information and likely provide references. This is the landlord’s screening process to determine whether you’ll be a good tenant. Most applications are done online these days, and you might even be able to snag a virtual tour online. Typically you’ll also pay a non-refundable application fee that could include a background check.  

 

Gather Your Info

 

If you’re in an area with steep rental competition, prepare the following information in case you need it. It’ll save you time in the long run. Gather electronic versions ready as well so you can email files as needed: 

  • Photo ID (drivers license or passport)

  • Proof of employment (letter from employer)

  • Copies of last two pay stubs

  • Copies of last three bank statements

  • Copies of last two tax returns

  • Copies of last two W-2 forms

  • Asset documents (official documents with the value of assets, stocks, real estate, etc.)

  • Contact information (your social security number, email, addresses of previous landlords, your current employer and your guarantor, if applicable)

  • Recommendations from previous landlords (optional)

  • Personal or professional references (optional)

  • Vehicle information

  • Pet information (if applicable)

Once your application is accepted by the landlord, you’ll sign a lease and pay a security deposit. The security deposit can vary, so make sure you ask. Some leases require pet fees, move-in fees as well, so find out these details. Most leases are a year in length, so inquire about the terms as well. 

 

Get the Details

 

Here are some other great questions to ask: 

  • The lease start and end date

  • How to renew the lease or move out?

  • How to terminate the lease/cost of breaking the lease?

  • The rent amount and the due date (and late fees)

  • Pet fees and restrictions

  • Included utilities

  • What cosmetic changes you are/are not allowed to make?

  • Any rules about guests and noise?

  • Policies surrounding adding roommates

  • Any prohibitions (things you cannot do, such as sublet the apartment)?

  • Are there any additional fees?

  • Parking rules and/or fees

  • Is renter’s insurance required?

 

We’re available if you have additional questions about renting or want help finding a place in Longmont