What is 2.5x rent? It’s an income rule that landlords use to decide if you can afford an apartment. Basically, it means your gross monthly income should be at least 2.5 times the monthly rent. There is actually a practical reason behind it. Landlords use this guideline to reduce the risk of late payments. This […]
Tag Archives: Apartment Application Tips
02
Dec
Dec
A lot of work goes into applying for an apartment. You’re searching, viewing places, going through screening, and then paying application fees and admin fees to hopefully secure your new home. It’s a lot, honestly. Now imagine paying hundreds just to apply, only to get denied. Anyone would wonder, “Is apartment admin fee refundable if […]