Are you attending a University here in Boston? Will you need off campus housing? If so, give us a call us. Our company assists many undergraduate and graduate students in finding apartments while they are studying here in the city. We have a ton of resources at our disposal and are contacted by landlords all over the city looking for good tenants for their apartments.
Here are the top 5 things every student should know about renting here in Boston:
- Plan to start your search as early as possible. Boston rentals do not stay vacant very long so to land a great apartment you need to be proactive! Try to get ahead of the student rush and line something up a couple months in advance. This will be your best possible opportunity to get something close to your campus.
- Make sure you fully understand the cost of the apartment your plan to rent. When you move into an apartment, a landlord can charge you the first month’s rent, the last month’s rent, and a security deposit. In addition to what the landlord charges, you may also be charged a Realtor fee if you enlist the services of this professional. This fee can be up to a maximum of the equivalent of one month’s rent. For example, if you rented an apartment for $1000, you could be charged a maximum of $4000 to move in. 1st, last & security from the landlord and a full month’s rent from the real estate agent you hired.
- Make sure your roommates know the rules and plan to stay as long as you do. If one of your roommates moves out, you may still be responsible for paying his portion of the rent until you find a new one. When you sign a lease with a roommate, you are both committing to the term of that lease. If one individual does not hold up to this agreement you are both liable.
- You have probably invested more in personal property than you realize. Renter’s insurance is a good idea and can be surprisingly affordable. Don’t assume that your landlord’s or your parents’ insurance will cover your belongings.
- Before entering into a rental agreement, check out the condition of the apartment. If you can’t, have a friend do it for you. You do not want to be charged for damages that existed when you moved in! In most cases the landlord will do an “initial walkthrough” with you so you both can determine if there are items that need to be addressed prior to move in.
Still have questions? Need help starting your apartment search? Call us at 617-297-8641 or email Lloyd@MandrellCo.com.