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What To Look For In A Rental House: Your Ultimate Guide

Mon, 29 Jan 2024 20:10:17 GMT

Whether you're a first-time renter or a seasoned one, finding the perfect rental house can be an overwhelming task. After all, it's not just a matter of finding a roof to put over your head; it's about finding a place you can call home. With so many options available, it's easy to get lost in the details. That's why we've put together this ultimate guide on what to look for in a rental house.

Location

One of the most important factors when looking for a rental house is the location. Consider the proximity to your work, school, grocery stores, and other amenities that are important to you. If you have children, you may want to look for a home near good schools or parks. Also, take into account the neighborhood and its safety, noise level, and overall vibe.

Layout and Space

As you tour potential rental homes, think about the layout and how it fits your lifestyle and needs. Does it have enough bedrooms and bathrooms? Is there enough storage space for your belongings? Will the kitchen and living area allow you to entertain guests comfortably? Don't settle for a house that doesn't meet your needs, as it is a place you will call home.

Safety Features

Every rental house should have safety features in place, such as smoke detectors, carbon monoxide detectors, fire extinguishers, and deadbolts on doors. It is important to ensure your safety and that of your family in case of an emergency. Therefore, always confirm with the landlord or the leasing office that the safety features are installed and in proper working order.

Upkeep and Repairs

Before signing a lease agreement, it's crucial to thoroughly inspect the prospective home for any damages or repairs that require attention. Take the time to ensure that the landlord or leasing company has fulfilled its obligation to provide a safe and habitable living environment, adhering to all applicable safety codes. Request a comprehensive tour of the house before finalizing the move-in process, and make certain that you have a clear understanding of the responsibilities pertaining to repairs that will be your sole responsibility. Taking these steps will help ensure a smooth and hassle-free living experience in your new home.

Amenities

When searching for rental properties, it's crucial to create a comprehensive list of your must-haves to ensure you find the perfect fit. Consider factors such as the availability of parking spaces, a refreshing pool for those hot summer days, or a convenient on-site gym to maintain your fitness routine. Additionally, think about whether you desire a spacious backyard or a cozy patio to relax and unwind. Taking these critical factors into account when selecting your rental house will help you find a home that aligns with your lifestyle and preferences.

Lease Agreement

Finally, review the lease agreement carefully. Make sure you understand the terms of the lease, including the length of the lease, security deposit, rent payment schedule, and any fees associated with the move-in process. If there are any concerns or questions about the lease agreement, don't hesitate to ask your landlord or property management company.

Finding the right rental home can be a daunting process, but with the appropriate knowledge and preparation, it can be enjoyable and stress-free. Remember, location, layout and space, safety features, upkeep and repairs, and lease agreement are all essential aspects to consider when searching for the ideal rental house. By making a checklist and utilizing this guide, you can make an informed decision; you can have a happy home and one that fits your lifestyle.

For help finding a rental house, contact us Montgomery Realtors.

How to Rent an Apartment With Less-Than-Perfect Credit

Thu, 30 Nov 2023 20:48:48 GMT

Renting an apartment isn't easy right now, especially with the current housing market. Add credit problems to the mix and it can be nearly impossible to rent an apartment. Luckily, there are ways to improve your chances of renting an apartment when you have bad credit .

Some landlords are willing to rent to people with less-than-perfect credit. But, extra steps often need to be taken. If you're trying to rent an apartment with bad credit , the tips provided here can help you improve your chances. 

Focus on Your References

If your credit has taken a turn for the worse in the past few years, take a look at your rental history. If you have a good rental history, you can use that to get approval for a new apartment. When you pay your rent on time and don't cause rental problems, landlords are more willing to provide a favorable reference for your next apartment.

And, because you have a positive reference from a previous landlord, a new rental agency is more likely to approve your application. 

Boost Your Credit Score

If you have a low credit score, you might think you're locked out of renting a new apartment. That might not be the case though. Before you give up, go over your credit report. There may be incorrect information in your report. If there is, have those items removed from your report before you apply for a new apartment.

It's also a good idea to include a personal statement with any negative marks on your credit report. A personal statement can help you explain unforeseen circumstances that caused your credit problems. 

Highlight Your Finances

When your credit history is questionable, you can increase your chances of approval by highlighting positive aspects. Highlighting your financial stability can make you more desirable to landlords. If you're going to apply for an apartment, gather your financial documents.

These documents should include recent pay stubs, bank statements, and employment verification letters. If you have checking and savings accounts, provide statements for both accounts. Try to provide several months' worth of documentation.

This information can demonstrate your ability to make timely rent payments. These documents also show potential landlords your financial stability. 

Increase the Deposit

Landlords often require cash deposits when renting apartments. Many times, landlords will offer a lower deposit requirement for people with good credit. If you have poor credit, increase your deposit. You can improve your chances of approval by offering a bigger deposit. The bigger deposit shows landlords that you're committed to being a better tenant. 

Explain Your Credit

If you have major issues on your credit report, don't try to hide them. Instead, offer a letter of explanation to potential landlords. These types of letters are useful in explaining the circumstances that caused the credit problems.

Those situations may include loss of employment, debilitating injuries, or life-threatening illnesses. Letters of explanation help landlords understand that it wasn't a pattern of bad behavior that got you into financial difficulties. 

Find a Co-Signer

If you're struggling to find an apartment to rent with bad credit , don't try to go it alone. Instead, find a co-signer to improve your chances. Your co-signer ideally should be someone who has better credit than you do. They can be a friend or family member. When someone agrees to become a co-signer, they agree to make rental payments when you can't . This provides assurance that rent payments will be on time. 

Don't give up on finding a new apartment. Give us a call at Montgomery Realtors . We're here to help you find quality rentals at affordable prices. We can help you find a new apartment with less-than-stellar credit.

Rent After You Retire | Montgomery Realtors

Tue, 26 Sep 2023 21:17:37 GMT

Retirement is one of the biggest life changes for many Americans. Its repercussions ripple across your finances, social life, mental health, and physical well-being. As you set your retirement plan in motion, should it include buying a home, keeping your current one, or renting something else?

While many retirees automatically think that they should live in a home they paid for during their post-career years, renting may be a better choice. Why? Discover a few great reasons to reconsider being a homeowner at this particular juncture.

1. You Can Easily Change

Because early retirement is a time of upheaval, you might not want to make large-scale commitments right now. And certainly, buying real estate is one of the biggest commitments. In order to rethink your plan and move again, you will have to prep the property for sale, list it and show it, wait on the market, deal with contingencies, and find a new house to buy at the same time.

When you rent, you just give your landlord the required notice and put down a new security deposit where you want to go next.

2. You Free Up Liquid Cash

How much of your overall net worth is tied up in your primary home? For many homeowners, that property represents a big chunk of money that's difficult to access. What might you be doing with that money rather than (literally) sitting on it? Could you do better by investing it? Do you need to draw down on it before you qualify for Social Security or Medicare? Do you simply need a bigger emergency savings fund?

Both continuing to be a homeowner and buying a different property create the same cash management problems for retirees. Only renting lets you actually use that home value for anything other than putting a roof over your head.

3. You Have Fewer Costs

There are advantages to both home ownership and being a renter, but one comes with many more surprising costs. Renters pay rent each month and some (but usually not all) of the utilities. The property owner deals with everything else. As a homeowner, you pay any mortgage, property taxes, insurance, utilities, HOA fees, maintenance, and major repairs.

These costs may not have been an issue for you during your working years, but could they stretch your new retirement budget? If you're adjusting to a fixed income, it's often best to be conservative until you're used to it and have the rest of your financial life well in hand.

4. You May Not Know What You Need

Many new retirees downsize their home to save money. Others move closer to friends or family. Still others move somewhere with a better climate or a more relaxed atmosphere. But are these the right choices permanently? What if you hate the downsized life? Maybe you decide not to live quite so close to your kids or you discover you really like life in a ski town more than a relaxing coastal getaway.

Take the time to explore what a good retirement looks like to you. It may not look like what you expected it to when dreaming or planning. And if your vision has changed, find out now and make adjustments before you've committed too much money, time, and energy on one single housing plan.

Where Should You Start?

If you haven't adequately considered renting as you approach retirement, learn about today's options in your area. Montgomery Realtors offers a wide range of rentals, including large and small apartment communities and single-family homes. Let us help you find out if this one choice could make you happier and your finances more stable as you start the next chapter in life.

FAQ About Apartment Rentals and Utilities

Wed, 26 Jul 2023 15:44:09 GMT

What do renters need to know about utilities, their responsibilities, and what the landlord could or should pay for? If this is your first time renting an apartment, take a look at what you need to know about gas, electric, water, and other utility services.

What Are Utilities and Why Do You Need These Services in an Apartment?

Utilities include the basic services necessary for you to live comfortably in your new apartment. The primary utilities that most renters need include electricity, water and sewage, trash, and heating fuel. Private companies and some municipalities or cities supply utility services to residents—including homeowners and renters.

Without utility services you couldn't use many types of electronic devices, see easily in your apartment at night, have a cool home in the summer, have a warm home in the winter, flush a toilet, take a shower, or wash your hands in the sink.

Do All Apartments Have All of the Utilities?

Every apartment has some of these basic services. Electricity, water, and sewage are necessary to live in your new home safely and comfortably. But other utilities may vary. Different apartments and free-standing homes have different types of HVAC systems. For example, while air conditioners all require electricity and most heaters also use this energy source, some heating systems also require another fuel source. This could include natural gas, propane, or heating oil.

Who Pays for the Costs of Utilities?

The answer to this question depends on the landlord or property management company and the terms of your lease.

Some apartments come with all utilities included. This means the monthly rent includes the price of electricity, water and sewage, trash, and heating fuel. The renter won't have to contact utility companies, set up individual accounts, or pay individual utility bills. A utilities-included approach is attractive to renters who like the convenience of this option or don't want to worry about potentially paying high electric or HVAC bills.

Other apartments may require tenants to pay for all or some of these services in addition to the rent. This makes it important to talk to your would-be future landlord about utilities before you sign a lease. The lease should specifically state which utilities (if any) you are responsible for paying.

The specific utilities the landlord supplies and the tenant pays for may also depend on the state. Each state has its own rental utility laws. For example, Kentucky landlords must provide tenants with water (including hot water) and heat, according to the American Apartment Owners Association.

How Much Will Utilities Cost?

The cost of the utilities depends on the specific service or type of fuel, the size of the apartment, and the way you use the service. If you keep the lights on 24-7, plug electronic devices into every outlet, use multiple fans, or use a window air conditioner in the summer, it's likely that you would have higher electricity bills than a renter who uses less energy.

Along with the amount of fuel or way you use the utility, the price you pay for each service will also depend on the current market rate. According to the U.S. Energy Information Administration (EIA), in 2022 the average cost of residential electricity was 15.12 cents per kilowatt hour (kWh). This price varied from state to state, with a high of 39.85 cents per kWh in Hawaii to a low of 8.24 cents per kWh in Wyoming.

The EIA notes that the type of fuel, the demand for the fuel, power plant costs, the transmission and distribution system, weather conditions, and state or local regulations can affect the price consumers pay for utilities.

Are you ready to rent your first apartment? Contact Montgomery Realtors for more information.

Solid Core vs. Hollow Core Doors: All About Interior and Exterior Options

Tue, 23 May 2023 20:40:24 GMT

Apartment hunting can be a bittersweet experience. While there's excitement about moving to a new location, you may be concerned if the new place has adequate amenities or will fit your budget. You may also be in the process of comparing options before making a final decision.

So how will you know you've identified the right place? Keep an eye on the following signs.

Timely Maintenance

Maintenance is a critical part of any apartment complex—and it starts with outdoor areas. Check that the grass is cut, apartment units and buildings are correctly labeled, and exterior walls are adequately maintained. A dependable realtor knows that first impressions matter. Therefore, all outward-facing areas of the property should be in good condition.

To get a complete picture, examine the walls, floors, plumbing fixtures, and HVAC system inside your prospective apartment. Then, look behind appliances such as refrigerators and ovens to ensure the unit is properly cleaned.

Also, find out how quickly the property management service responds to repairs. Quick response times will give you peace of mind against plumbing emergencies, electrical issues, or gas leaks.

Pricing That Fits Your Budget

Cost is an important factor that renters have to consider before signing a lease. You have many cost considerations when renting an apartment. In addition to the monthly rent, how much is your deposit? How about utilities? Are there other fees that you should budget for?

Make sure your realtor is transparent about pricing. Have an estimate of monthly utility costs, parking fees, and other expenses not included in the rent.

Functional Appliances and Amenities

Appliances are the unsung heroes of your daily routine. So when choosing an apartment, make sure it has a fully-functional refrigerator, oven, stove top, and HVAC unit. Newer apartments should also have a dishwasher, garbage disposal, and washer and dryer hookups.

All appliances should be well-maintained and professionally cleaned before you move in. And if your apartment community has amenities such as a swimming pool, gym, tennis court, or clubhouse, you'll be one step closer to finding the perfect apartment.

Flexibility When Moving In and Out

Before signing your lease, consider the realtor's flexibility with move-in dates. For example, you may be moving to a new city and are uncertain of the exact day you'll arrive. Your new apartment should be flexible with arrival dates and times to ensure that your moving process isn't a headache.

Also, examine the exterior architecture of your apartment building. Do you have enough space to transport furniture? Do you have access to an elevator if there are multiple floors? Does the place have adequate outdoor lighting at night?

Don't forget to examine your lease and check the stipulations in place for ending the agreement, subletting, or getting a roommate. If your apartment community checks all these boxes, moving in will be smooth and stress-free.

The Perfect Floor Plan

Choosing the right floor plan is another critical decision to make when apartment hunting. The perfect floor plan is one that fits your budget, addresses your non-negotiable needs, and makes you feel comfortable.

Therefore, don't be surprised if you're willing to accept a smaller bathroom with newly renovated floors or a larger living room instead of more bedrooms. Approach each apartment with an open mind, and make notes on how the floor plan meets your needs.

Finding the right apartment involves more than just creating a list of wants and needs. Also consider the realtor who'll handle repairs, services, and amenities. At Montgomery Realtors, we care about our tenants and provide the best in quality and affordable apartments throughout Louisville. Our apartment communities are stylish, friendly, well-maintained, and competitively priced. Contact us today.

How To Find an Apartment Without a Rental History

Tue, 02 May 2023 21:17:57 GMT

If you're a first-time renter or have little to no rental history, you may feel like you're at a disadvantage as you search for an apartment. Without a rental history, landlords may be wary of you as a tenant since they can't gauge your reliability.

However, there are some steps you can take to make yourself a more attractive candidate and secure an apartment. Here's how you can get an apartment even when you don't have a rental history.

Get a Letter of Reference

A letter of reference from your employer is a great way to boost your credibility and show that you're a reliable person. Have your employer write up a letter that outlines your employment history, job responsibilities, and work ethic. A letter of reference proves that you have steady employment and income––two factors that landlords look for when they need to rent out an apartment.

If you're self-employed, you can request a letter of reference from clients or colleagues who know you well and can vouch for your reliability. You can also provide bank statements and other documents that prove your financial stability.

If you're a student, ask if the school has any resources you can use to get a letter of reference. Many schools offer letters of reference for students, which is a great way to show potential landlords that you're responsible and have a good academic standing.

Keep in mind that although a letter of reference is helpful, you should also consider the source. If the letter is from someone with whom you have a close relationship, the landlord may not view your reference as a credible source. In other words, a letter from your mother won't carry the same weight as one from an employer or professor.

Get a Co-Signer

If you don't have a rental history and don't want to bother with a letter of reference, you can also get someone to co-sign your lease. A co-signer agrees to take on the financial responsibility of your lease if you fail to pay your rent.

However, there are some caveats to this option. For instance, your co-signer should have a good credit score and be able to pass the landlord's screening process as well. They should also be comfortable with co-signing since there's a financial risk when they cosign a lease.

Make sure to have an honest discussion with your co-signer about the risks and responsibilities of their role. Have them read and understand the lease agreement terms before they sign the document. If possible, set up an agreement that outlines the terms of their involvement and how you plan to fulfill your obligations.

Offer a Larger Security Deposit

If you have no rental history, you can compensate for this drawback with a larger security deposit. Many landlords are willing to waive certain requirements if they know their tenant is financially secure.

A larger security deposit demonstrates to the landlord that you're reliable and have the resources to fulfill your lease obligations. This deposit can also act as a cushion in case you fall behind on rent payments. In this case, the landlord can use your security deposit to cover their losses rather than pursue legal action against you.

When you discuss the security deposit with the landlord, clarify when and how you can receive the money back at the end of your lease. This information should also be a part of the lease agreement so you can plan accordingly.

At Montgomery Realtors , we know that a rental history isn't applicable to everyone, which is why we offer flexible leasing options for our tenants. Reach out to our experienced agents today for more information on how to snag the perfect apartment without a rental history.

Importance of Tenant Screening

Wed, 30 Nov 2022 19:57:01 GMT

Each landlord desires to rent their property to considerate, dependable, and financially responsible tenants. When you include a customized background check in your rental applications, you can ensure that you're renting to people who will take good care of your property, pay their rent on time, and respect their neighbors.

Here are compelling reasons landlords need a thorough tenant screening process to help them make informed decisions about who they rent to.

Learn About Tenant's Character and Protect the Other Tenants

A tenant's background screening gives you the criminal history of a potential tenant. Minor criminal records such as traffic violations don't have to be a deal breaker. Such an offense doesn't accurately reflect an applicant's character, especially if they can honestly explain the situation.

Criminal background screening gives you better ideas of what kind of person you'll be renting to. If you fail to perform a background check and someone turns out to be a criminal, the blame for any negative consequences could fall on you.

Tenant screening tells you more about how well they retain their jobs. You also learn about their character from their references. A history of broken rental agreements and several job changes shows a less trustworthy tenant.

Ensure They Can Always Pay the Rent

You don't want to waste energy and time following up on a tenant for every month's payment. You also don't want to go through the cost and stress of an eviction. Know your tenant's financial situation to understand how they pay their monthly house bills.

Potential clients with huge credit debts could struggle to keep up with their regular payments, which can also be a problem when their rent is due every month. If an individual is always paying their loans and bills on time, trust them to do the same with their rent.

Keep Low Turnover Rates

You need full tenant screening on your clients to avoid evictions as much as possible. Tenant eviction is long, stressful, and costly. You'll spend more on marketing fees if you have several evocations. A low tenant turnover rate saves you energy and time by renewing leases rather than looking for new tenants. Low turnover rates also show your property is a desirable place to live, which helps attract new tenants.

Protect Your Reputation

If your property is next to other properties, you risk jeopardizing your reputation with other occupants if you rent a unit to unfavorable tenants. In case of distractions, other tenants will poorly rate your property as they leave.

Keep every tenant content by ensuring each one of them is neighborly. Through screening, you do away with unsociable potential tenants. You're likely to predict the tenants' behavior through an interview and a reference check.

Protect Your Property

As a property owner, you want to ensure that your tenants respect your properties. Some tenants can prove to be harmful to your apartment or home. When they damage your property, it costs you money and time to fix. Avoid renting to tenants with a history of evictions due to property damage.

Although tenant screening is an excellent way to assess an applicant's financial and rental history, verifying references or employment is critical. Speak with their personal references and employer in person. As a confirmation of current income, request to view a current pay stub.

Tenant screening will help protect your property, avoid legal trouble, find responsible tenants faster, and keep a positive relationship with your neighbors.

Montgomery Realtors® has been in the real estate sector for over sixty years. We provide apartment homes throughout Louisville and supervise several commercial and rental properties. Our mission is to offer residents the highest level of housing quality and affordability. Contact us today to book an appointment.

5 Ways to Finance the Purchase of a New Home

Wed, 21 Sep 2022 19:01:42 GMT

A new house is a major investment that requires substantial money. For most people, a house purchase may be the biggest investment they will ever make in their lifetime. Fortunately, there are multiple ways to get money to buy a house. Read on to learn more about how to purchase a new home.

1. Mortgage

Applying for a mortgage is the most popular way to purchase a house. You can get a mortgage from a financial institution such as a credit union or a bank. Most mortgage providers will only approve requests from people with a credit score above a specific threshold. For example, it is not easy to get a mortgage if you have a low credit score. The lender may also evaluate your income and existing debt.

The mortgage provider will probably require a down payment before releasing the funds. You may also have to insure your mortgage if your down payment is not more than 20%

of the mortgage value. Overall, traditional mortgages have lower interest rates than other types of loans. This financing option is appropriate for individuals with good credit scores, steady incomes, and savings.

2. FHA Loans

The Federal Housing Administration (FHA) is a government agency that assists first-time homebuyers. You can get a loan from the FHA to purchase a single-family home in any state in the US. The amounts range from $271,050 to $729,750 .

FHA loans only need a minimum down payment of about 3%. Moreover, the FHA itself will provide insurance coverage for the loan. Hence, qualifying for an FHA loan is easier than qualifying for a traditional mortgage.

Another benefit of FHA loans is the absence of credit score checks. You can qualify for an FHA loan even if you have a poor credit score. In addition, the loan may have a lower interest rate because the government is backing the loan.

3. Department of Veteran Affairs (VA) Loans

The Department of Veteran Affairs (VA) can guarantee your home purchase loan. The loan will not be from the VA department but from a pre-approved lender. VA loans are only available to veterans. Ideally, it is easier for a veteran to qualify for a VA loan than for a traditional mortgage. Furthermore, VA loans have lower interest rates and more favorable terms than other home loans.

The VA will determine your eligibility before you can apply. You will then get a certificate of eligibility that you will attach to your VA loan application.

4. Rent to Own

Some home sellers provide the option of renting to own. This financing method typically works if you have enough money to make a significant down payment. Your monthly rent will also be relatively higher than if you were just renting the home.

Rent-to-own arrangements usually have a payment period of about one year. The seller will typically increase the price of the home to make it a worthwhile investment.

5. Borrow From Insurance Policy

Some insurance providers offer loans to life insurance policyholders. In this case, you will be borrowing money against the life insurance amount. This financing option is beneficial since no repayments are necessary. However, the value of your life insurance will be much lower, and your heirs will only receive a fraction of the insured amount.

A home is one of the most important investments that you will ever make. Consequently, you must choose your home carefully and work with a qualified real estate agent such as Montgomery Realtors. We sell homes and apartments at affordable rates. We also do manage commercial properties and rental houses. Contact us to get started.

7 Signs You Need to Hire a Manager for Your Rental Property

Fri, 29 Jul 2022 17:18:10 GMT

Managing a rental property can be a lot of work for a landlord. You have a lot to keep track of, from dealing with repairs to collecting rent. And if you try to do it all yourself, you can easily feel overwhelmed.

The good news is that you don't have to go it alone. If you start to feel like your rental property management is too much to handle, you might want to hire a manager. Not sure if that's the right move for you? Discover seven signs that you might need to bring in some help.

1. You Have Multiple Properties

The average landlord owns at least three properties . If managing one rental property is a lot of work, try multiplying that by three (or more), and you'll quickly see why hiring a manager is a good idea.

With multiple properties, you might find it hard to keep track of everything that happens. A property manager can help take some of the burden off your shoulders by dealing with repairs, collecting rent, and taking care of other day-to-day tasks.

2. You Don't Live Near Your Rental Property

If your rental property is in a different city (or even a different state) from where you live, you might struggle to keep track of what you need to do. That's where a property manager comes in.

A property manager can act as your eyes and ears, keeping an eye on the property and dealing with any issues. They can also handle tasks like meeting with potential tenants and showing the property.

3. You Deal With Problem Tenants

Dealing with problem tenants is one of the most challenging parts of being a landlord. If you constantly deal with late rent, property damage, or other issues, hand off those responsibilities to someone else.

A property manager can help screen potential tenants and deal with problem tenants if they do move in. They can also handle tasks like evictions, which can be time-consuming and stressful.

4. You Have Trouble Collecting Rent

Rent collection is usually the most important part of being a landlord. If you constantly chase down late payments, get some help.

A property manager will ensure tenants pay rent and can take care of collections if tenants do fall behind. They can also handle other financial tasks like preparing and sending monthly statements.

5. You Deal With a Lot of Lease Violations

Do your tenants constantly violate their lease? From having pets to having too many people living in the unit, lease violations can be a big problem for landlords.

You might not have the time or patience to deal with lease violations. A property manager can help enforce the rules of the lease and take appropriate action if tenants break them.

6. You Take a Long Time to Fill Vacancies

If your rental property is vacant, you won't make any money. The longer you take to fill a vacancy, the more money you lose.

A property manager can help you market your rental property and find qualified tenants. They create attractive listings, show the property to potential tenants, and handle all the paperwork.

You can rest assured that your property will fill up quickly, and you'll start generating income again.

7. You Struggle to Set the Right Rent Price

You could lose money if you have trouble setting the right rent price. Setting it too low means you leave money on the table. Setting it too high means you might have a hard time finding tenants.

A property manager can help you do market research to find the right rent price for your rental property. They can also monitor the market and ensure your rent price stays competitive.

If any of these signs sound familiar, you need to hire a property manager. They can take care of the day-to-day tasks of being a landlord, freeing up your time and energy.

Do you own rental property in the Louisville area? Montgomery Realtors can help you find qualified tenants and manage your property. Contact us today to learn more about our services.

5 Free Ways to Be a Good Tenant — and Why

Mon, 30 May 2022 14:10:07 GMT

Do you want to have a great renting experience? While you can't control the actions of others, you can do your own part to contribute to having a good relationship with your landlord and neighbors. How can you be a good tenant and why put in the effort? Here are five things any renter can do that won't cost anything extra.

1. Understand Your Lease

The rental lease is long and boring, and it's often filled with legal jargon. But it's also one important key to maintaining a good relationship with both your neighbors and your landlord. This is because you then know the ground rules you must follow and can avoid creating unnecessary conflict. In addition, you'll understand your own rights better and can advocate for yourself in a calm and logical manner.

Read your lease before signing it. Ask questions about anything that seems unclear. Even if you're in a hurry to sign, this is the most important step in ensuring this is a good fit for you and you can comply with what will be asked of you.

2. Rent What You Can Afford

When shopping for a new rental home, avoid stretching your budget too far. Honestly analyze your budget and stick to it as you tour available inventory in your area.

Why does this matter to your landlord? If you have trouble putting together the rent money each month, you may end up with late payments or even missed payments. Landlords appreciate a tenant who reliably pays their rent on time and they are more likely to respond in timely ways when that tenant needs something. It also earns you a better reference for the future.

3. Report Maintenance Concerns

Spot a leak under the sink? Outlet not working? Mysterious spot forming on the ceiling? Report possible maintenance and repair issues promptly and through the right channels.

You're the first line of defense for the rental home, which is a long-term investment and responsibility of the property owner. So be their eyes and ears when it comes to caring for the rental. The longer a small problem goes unaddressed, the more likely it is to turn into a big one.

4. Get to Know Your Neighbors

Being friendly with neighbors makes you a better tenant in several ways. First, it helps you and the neighbors avoid conflict among yourselves. When you're on a first-name basis and can speak with one another in a friendly way, you prevent things from escalating to the landlord.

You can also help look after the community and your neighbors by being familiar with what's going on around you. This doesn't require you to be nosy, but casual awareness and openness with your fellow tenants are useful. It lets you spot problems that may need the landlord's attention, help new tenants learn their way around, and prevent crime.

5. Keep Things Tidy

Keep your rental house or apartment neat and tidy as much as possible. This makes the unit and the rental community as a whole look nicer and more reputable, helping the landlord attract other good-quality tenants. Neatness also helps everyone notice potential repair and maintenance issues. And it boosts safety, as it prevents fire hazards and obstacles which could cause slip-and-fall accidents.

Where to Start

By being a good tenant, you make your own life easier and help those around you at the same time. At Montgomery Realtors , we want to work with great tenants like you. Stop by and tour our apartment communities or view available houses for rent in the area. You're sure to find a great new home and a community you'll be proud to join. Call or visit today.

What Are the Common Responsibilities of a Property Manager?

Sun, 03 Apr 2022 11:39:53 GMT

A rental property is one of the most rewarding financial investments. This asset offers you a steady flow of income, operates as a hedge against inflation, and has high growth potential.

However, owning a rental property comes with various responsibilities. If you are a busy person, running this business may be difficult, so you may need to hire a property manager to help you run this business. Read on to understand some of the common responsibilities of property managers.

Setting and Collecting Rent

When you hire a property manager, they'll help you set the rent. Before setting rent, property managers consider many factors. First, your manager will research the rent rates in your neighborhood and the amenities in your apartment. This information will help them set a competitive rent rate.

Setting rent rates is not a one-time activity. Your manager needs to study your environment regularly and adjust the rates according to the real estate developments.

For instance, if someone constructs an apartment with better facilities next to yours and charges the same price as you do, lower your rent price. This way, you can encourage your tenants to stay. However, you need to ensure you are still getting profit.

After setting the rent rates, your property manager will also set a system for collecting rent. Your manager will give your tenants the payment dates and preferred payment method (most property managers prefer bank deposits). To ensure effective cash flow, your manager may set late rent payment penalties and enforce these rules.

Screening Tenants

Sometimes, landlords are at risk of renting their apartments to untrustworthy individuals since they don't have the time or expertise to screen their tenants.

To avoid this issue, hire an experienced property manager. These experts know how to spot trustworthy tenants by taking them through an intensive screening process. For instance, your property manager will investigate the prospective tenant's source of income, credit history, criminal records, and rental history according to discrimination and fair housing regulations.

If the prospective tenant is approved, your property manager will collect the security deposit. This money is important since it will cover repair costs if the tenant damages anything in your house.

Maintaining the Property

After some time, the fixtures in your house may break or stop working. For instance, your drainage system may develop issues, or some electrical devices like the smoke detector may stop working.

When your apartments develop such issues, you need to carry out the necessary repairs to make the house livable and attract new tenants. These repairs may also increase your property value and help you prevent minor issues from escalating.

If you hire a property manager, they will help you carry out these repairs. They have an established network of reliable service providers, including architects, painters, plumbers, electricians, and interior designers. Furthermore, property managers know where to get house fixtures at lower prices. As a result, you can save on repair costs.

Marketing and Advertising

Nowadays, many rental properties are available in the market, which makes the competition for tenants stiff. Also, each time your property is vacant, you will experience huge losses. Therefore, your property manager will advertise your property to ensure your units stay occupied at all times.

Most property managers prefer using the internet for advertising due to technological advancements. Additionally, most people nowadays use the internet to search for information. Therefore, your manager may list your property on property listing websites.

Other ways your property manager may use to advertise your property include:

Video content marketing
Brand building
Email marketing

If a person shows interest in your property and wants to visit the place in person, an agent will show them the house.

Managing your property can be an uphill task. However, you can hire a property manager to handle all management tasks. If you are looking for a property manager, contact Montgomery Realtors today.

4 Questions to Ask Potential Landlords

Tue, 08 Feb 2022 21:11:52 GMT

Renting an apartment or house can be intimidating, especially for first-time renters. Like most life events, though, the process gets much easier if you come in prepared. Whether you're a first-time renter or looking for ways to avoid past problems, these four questions for potential landlords will help you determine if you'll be a good fit for their open spot - and if the place you're touring will meet your needs, too.

1. What Will I Pay?

If you found a specific listing online that you're interested in, you may already have an idea of the price range. To ensure that you're on the same page as the landlord, ask about the rent they expect. You'll also want to confirm what deposits you'll need to put down, what additional fees for pets are, and what refunds you'll receive if or when you move out.

Don't forget to check for fees. From an application fee to coin laundry to extra costs for pets, each property and landlord will often have their own specifications that you'll have to meet. As you prepare to move, save up some cash so that you don't get caught by surprise.

2. What Does My Money Cover?

Some homes come with all utilities, while others pick and choose what to cover and what you'll be responsible for. You'll want to keep in mind the total cost of living in this apartment or house, especially if you're on a tight budget. If your landlord doesn't cover all utilities, ask what similar units usually pay for gas, electricity, and so on so that you can get an accurate picture of your bills.

3. When Are the Dates?

Before packing out of your previous home, check to see that your new place is available when you need it. You'll also want to ask how long your lease extends, what the consequences of breaking the lease are (especially if you know it'll be a short-term move), and whether you can adjust your rate based on when you move in or sign a longer lease. Each landlord may have different answers to these questions.

Rent may be due the first of the month, the 15th, or any other day depending on the property management. You'll want to know when you need to have each payment ready to keep from paying late fees. If you already know that you'll have trouble making rent by a certain date or specific days of the week, ask if your landlord will work with you to avoid late checks and if they give you a grace period before charging fees.

4. What About Everyone Else?

Your move to a new rental can affect many other people. You might need to have one or more roommates for budgeting reasons, so you'll want to ask your landlord how roommate leases work. Some places will have each tenant on their own lease, while others have everyone sign the same one. Check with your property manager to see what they'll require.

Even if you live alone, you'll likely have people over to visit from time to time. Ask your potential landlord about guest parking and the policies on overnight visits, especially if you have friends who may need to crash on couches. Read your policy carefully before you sign, and make sure you can agree to what they require.

If you plan to move to or within the Louisville area and need a place to start looking for rentals, use Montgomery Realtors. We've been in business for over 60 years and concentrate our focus on the great city where we live. That gives us the confidence to help you find rentals in areas that suit your unique needs - and prices within your budget. Contact us today to start your journey to a new home.

4 Common Rental Questions

Thu, 09 Dec 2021 19:50:07 GMT

Renting a home or apartment is the best choice for many Americans, but you might not be able to determine which option is the right choice for you: apartment or house. If you are in the market for a new place to live, check out these common four rental questions to learn more.

1. Should You Rent a House or Apartment?
Whether you should rent an apartment or house depends on your personal situation and preferences. Typically, houses provide more room, including backyard space. If you are starting a family, renting a house may be the right choice to ensure you have enough room for everyone. Living in a house also means you get more privacy and more freedom to enjoy hobbies you like, such as working on vehicles or playing an instrument.

Of course, since a house tends to have more space, you have more work to do to keep it clean. Plus, with an apartment, you may get more amenities, such as a clubhouse, pool, or park. This could be incredibly beneficial if you have kids. Similarly, you may want an apartment for accessibility. Many apartment buildings are in or near big cities. Last, apartments tend to be less expensive than houses, and many of the utilities may be included.

2. Can You Have Pets If You Rent?
Whether or not you can have pets depends on the rental policy. However, if you have a big dog, a house is probably the better choice. Some apartments may have weight limits on dogs, and with a house, you'll often have a backyard to let your dog run around in.

Cats require less space, and many people keep their cats indoor, so you may not need a backyard or big home for a cat. However, cats can be incredibly destructive, so some landlords may limit how many cats you can have or prohibit cats. If you are allowed to have a pet, you may need to pay extra to cover the cost of special wear and tear from the cat.

3. Do You Need Special Insurance When Renting?
While this is not legally required, consider renters insurance whether you rent a house or apartment. If a disaster causes damage to the structure, the property owner's insurance will cover the costs. However, if your items are damaged because of a disaster, they won't have protection under the property owner's insurance.

Renters insurance also protects you if someone gets an injury or the property gets damaged. Rental insurance will also cover the cost of hotel or restaurant meals if you are unable to stay in your home while it receives repairs.

4. What Happens If You Break Your Lease Agreement?
When renting an apartment or home, you often have a lease agreement, which ensures you will remain in the house or apartment for a set period of time and pay your rent. In most cases, if you break this agreement, the landlord can sue you for the rest of the rent. This may also appear on your credit report, which could affect your ability to rent an apartment or house in the future.

However, you can legally break your lease agreement in some instances. First, if the property does not meet special habitability standards, you can break your lease agreement. These habitability standards include running water, trash bins, or necessary repairs. Similarly, if the landlord violates rules or harasses you, you can typically break your agreement.

Renting a house or apartment can be a more affordable way to live because you don't need to worry about lots of insurance or taxes. However, while apartment life may be best for some, living in a quiet house in a quiet neighborhood may be the ideal choice. If you would like to know more, contact us at Montgomery Realtors today.

4 Apartment Listing Features You Shouldn't Ignore

Wed, 06 Oct 2021 16:06:35 GMT

As you browse for an apartment, some of the main areas you may focus on are the square footage, bathroom, and overall layout of the apartment. While those elements are important, you should not ignore other listing features. Being aware of specific features will help you select the best apartment for your needs and take advantage of certain features.

Check out some of the listing features to look for when you browse apartments online. As you look in person, you could ask about the specific features and have a clear overview of the apartment space.

1. On-Site Managers

An on-site manager will either live in the apartment complex or have an office they attend to daily. An on-site manager makes it easy to answer questions and deal with any maintenance problems you have. The managers handle situations quickly. You do not need to play phone tag or wait extended periods of time to reach a person.

If you prefer to pay your rent in person, you also have the option to complete the transaction with an onsite manager and receive a receipt for your payment. Knowing the manager is there will give you peace of mind and help settle any disputes that may occur.

2. Laundry Hook-Up Options

Many apartment complexes include coin-operated laundry services, but you can check listings to see if the apartments include laundry hook-up options. An apartment rental with laundry hook-ups gives you the opportunity to purchase your own washer and dryer for use in an apartment.
If you plan to stay in an apartment for a year or longer, then the laundry hook-ups will make your daily life a lot easier. You can save time on laundry and do not need to monitor loads of wash in a public setting. When you check out listings with laundry hook-ups, look at pictures or videos to see where the hook-ups are.

In some cases, you may need vertical washer and dryer combos to fit into a small space. The size of the space is important as well. You do not want to purchase a washer and dryer that are too big for an area. An apartment will typically have a smaller space than a house and need smaller appliances to fit in the area.

3. Walking Distance Activities

Apartment complexes are typically in public areas with easy-access business and public locations. Check out all of the locations available within walking distance. Walking to areas can save money and wear on vehicles you own. The walking distance also gives you the opportunity to exercise daily and improve your health.

Consider places like restaurants, grocery stores, or outdoor options like a park. Consider how far you're willing to walk and then check out a radius map that surrounds the apartment building. The more you familiarize yourself with an area, the easier time you will have finding an apartment that fits your lifestyle and hobbies.

4. Exterior Lighting Options

As you browse the exterior of apartment complexes, one of the main focuses is on the available parking. One element you shouldn't overlook is the exterior lighting available for the apartment complex. A majority of apartment pictures will be taken in the day, so you may not have a clear picture of what the area looks like at night.

Examine exterior pictures to see the lighting fixtures in a parking area. When you arrive and leave your apartment at night, you will want a well-lit area that provides easy visuals and extra safety. Also, consider the lighting area for the entryway to the apartment and any of the public walkways.

Check out all of our apartment listings with us at Montgomery Realtors . We can help you find an apartment to fit your needs and one that includes a majority of the features you seek out.

Apartment Features Ideal for Short Leases or Temporary Moves

Fri, 30 Jul 2021 21:51:10 GMT

While many apartments offer long-term options for tenants, you may only need an apartment for a short amount of time. You may need a place to stay for six months or less if you plan to relocate in the near future. As you seek out an apartment with a short lease, you should look for a variety of features.

The features will make the transition a lot easier and give you a good place to stay through the transition stage. Check out some of the options and have a good idea of what to look for the next time you go apartment hunting.

Furnished Apartments

If you only plan to stay at an apartment for a short period of time, you have no reason to waste time and money on furniture and decorations. As you shop for apartments, look for options that are fully furnished. Not only will you have all of the appliances you need, but the apartments will also come with furniture to accommodate your needs.

The furniture typically includes basics like a bed, couch, and dining room table. Extra accessories may include lamps, side tables, and a dresser. Read full apartment listings to learn all of the furnishings the apartment will include. Even if you have some of the furniture already, you can keep the items in storage or at another location until you're ready to move.

Community Laundry Options

A lot of modern apartments come with washer and dryer connections so you can easily purchase and install personal appliances. If you are only staying at an apartment temporarily, then the last thing you want to worry about is hauling a washer and dryer in and out of the apartment. A community-based laundry service is one of the best options.

The washer and dryer are typically coin-based units that multiple apartments share. If you cannot find an apartment with a laundry area, then look for laundromats located close to potential apartments. You do not need to use the laundry hook-ups if they are available.

Street-Level Apartments

You have to expend a lot of energy if you move multiple times within a short time period. The problems only increase if you have to climb multiple flights of stairs. When you rent a street-level apartment, you will have easy access to move into and out of the apartment. If you have any furniture, you do not need to worry about navigating up steep stairs or getting around sharp angles.

Many street-level apartments give you the chance to park your car close to the door as well. Easily load and unload items out of the vehicle without the need to travel far. You could also rent a moving truck and pull it right up to your apartment when you're moving in and out.

Single-Bedroom Apartments

Some of the more affordable apartments you can find are single-bedroom apartments. You have much less square footage, but the apartments are typically cheaper than multi-room options. For a temporary situation, the compromise on space will help you save money each month.

Those monthly savings could go towards a longer-term apartment rental at a different location or could contribute to the down payment on a house. This is why it's important to compare prices on apartments and find the best deals for your temporary stay.

As you compare prices, look for the utilities that come with the apartment. A monthly rental price may seem higher, but it might include a lot of the utilities to offset the costs. For example, an apartment could include water, sewer, and trash fees. Some also come with free cable so you do not need to sign a contract with a cable company to have service.

Use our services at Montgomery Realtors to find the apartment you're looking for. We will help you seek out short-term leases and apartments with the features you need.

Moving In Together? Ask These Questions Before You Choose a New Apartment

Tue, 01 Jun 2021 19:38:03 GMT

Did you recently decide to move in with your significant other? The choice to live under one roof is a major step in your relationship - and the first of many joint decisions. Now that you're ready to take the leap, take a look at the questions to ask before you rent a new apartment.

Where Do You Want to Live?
Location is a primary factor for many couples. If you're lucky enough to both work in the same area or one (or both) of you work from home, location may not play a main role in your apartment choice. But if the two of you need to commute to different parts of town or enjoy opposite areas of the city, you need to find a mutually agreeable location. To select the perfect place to put down roots and rent an apartment:

Calculate each person's commute. Is it possible to split the difference? Calculate how many miles or minutes the drive is for each person for a few different neighborhoods. If possible, split the difference and choose an apartment in a location that's partway between both partners' jobs.
Review public transportation options . Will either of you need to take the bus, train, or subway to work? Make sure your would-be future apartment is in a location with easy access to your chosen mode of public transportation.
Walk around town. What is the neighborhood really like? While commute is a common consideration, it isn't the only reason to choose one specific location. Get a feel for the neighborhood and have a walk around town.
Talk to friends or family. Do you have friends or family who live in the neighborhood? Your nearest and dearest (or your significant other's nearest and dearest) can provide insider information on the neighborhood, traffic times, or anything else you want to know.

What happens if the two of you can't agree on one location? Whether one of you feels the commute is too far or doesn't like the area, the location shouldn't get in the way of your move-in plans. Sometimes there's no perfect or one-size-fits-all answer. You may have to make some concessions - and so may your significant other.

How Many Rooms Do You Need?
A studio, one bedroom, or two bedrooms? Which one of these options is the right choice for your new life together? Like location, the number of rooms you need in your new apartment depends on several factors. These include:

Work-from-home needs. Do one or both of you work from home? To create separate workspaces, you may need an apartment with one or two extra bedrooms.
Budget needs. How much can you afford to pay for monthly rent? A smaller apartment may cost less - saving you money. If you don't have a large budget or want to save money for your wedding, a down payment on a house, or anything else, you may want to choose a studio or a one-bedroom.
Comfort needs. Do you need your own space some of the time - or do you enjoy the togetherness and cozy feel less square footage can create? Assess your couple-comfort needs before you choose a studio, one-, or two-bedroom apartment.
Space and furniture needs. How much furniture do you have? Some couples combine their own stock of furniture, while others don't. The more furniture you have, the bigger of an apartment you'll need.

Along with these considerations, think about how you plan to organize, arrange, and decorate your apartment. Creative room layout can help you to turn one room into a combination living-dining space or add an office to a one-bedroom apartment.

Are you ready to rent your first apartment - together as a couple? Contact Montgomery Realtors for assistance.

Floor Plan Features fora Family With Young Kids

Tue, 30 Mar 2021 18:08:08 GMT

Your family demographics should determine your next apartment's floor plan. For example, a family with young children and another one with adults only require different floor plans. An appropriate floor plan will determine your family's safety and ability to socialize. Below are some features to consider when choosing the best floor plan for your young family.

Open Kitchen
An open floor plan combines two or more rooms by removing the dividing wall between them. Consider a floor plan that combines the kitchen and the living room if you have a young family. With such a floor plan, you can:

Work in the kitchen while keeping an eye on your kids
Multitask between kitchen work and helping the kids with homework
Enjoy family time even when someone is busy in the kitchen
Enjoy natural light even while spending time with the kids indoors

An open floor plan with unobstructed views of the balcony or backyard is even better. That way, you can keep an eye on the kids even while they are outside the house.

Bedrooms' Locations and Number
Most parents of young kids want easy accessibility to their children. Look for an apartment where the master bedroom sits close to the children's bedrooms if you want the same thing. That way, you do not have endless hallways or stairs separating you and your kids.
You do not have to match the number of bedrooms to the number of kids, as they can often share. If possible, get an apartment with an extra bedroom for guests, such as when aunts and uncles come to visit the kids. Ideally, each bedroom should have a connected bathroom for each bedroom. That way, you will not have to wait in line to use the bathrooms in the morning.

Spaciousness
Families with kids are better off with spacious apartments. The spaciousness is particularly important for units on upper floors or those without adequate outdoor space. That way, your kids will get enough space to run around and play. In the case of an upper-floor apartment with a balcony, ensure the balcony is child-friendly to avoid the risk of accidental falls.

Storage Spaces
Your family needs adequate storage places. Adequate storage is especially necessary for the children's toys and gear, such as skateboard and bikes. Storage spaces come in various forms, such as:

Mudrooms where you can leave muddy or dusty items, such as muddy shoes
Playrooms where the children can both play and store their toys
Garages where the whole family can store things, such as bikes

You might not even need dedicated storage spaces if the apartment is spacious enough. In such a case, you can just set aside or modify some space as your storage place.

Quiet Work Areas
You should also consider an apartment with a quiet area or room, depending on your work and lifestyle. For example, working from home has become more common. You need a quiet place if you work from or plan to do so soon. You will not easily be able to work from the living room, kitchen, or bedroom.

For example, some apartments have non-specific rooms that people use as playrooms or storage areas; you can use yours as a home office. Such an arrangement is especially useful if the extra area is relatively removed from the house's common rooms.

Hopefully, the above tips will help you get a good apartment to raise your young family. Montgomery Realtors has been active in the real estate industry for decades. We provide affordable and high-quality properties for different demographics. Contact us with your list of must-haves to help you get the best apartment for your family. We look forward to helping you with your apartment hunting.

4 Advantages of Apartments Near Louisville's Bardstown Road

Thu, 28 Jan 2021 11:52:23 GMT

Often referred to as Restaurant Row, the Bardstown Road section of Louisville includes a lot of businesses and attractions people visit on a daily basis. If you're on the hunt for an apartment, the location can make a key difference, especially if you live within walking distance of Bardstown Road.
Learn about the advantages of living close by and how to get the most out of an apartment rental close to the area.

1. Food Delivery
As you enjoy the relaxation of a new apartment, you can splurge on delivery provided from a plethora of restaurants found on Bardstown Road. The restaurant options include all types of cuisine, allowing you to select whatever you are in the mood for.
Modern app-powered delivery services will bring your items directly to the apartment when you are not in the mood to dine out. With a location close to Bardstown Road, delivery times are cut down and your food is delivered fresh to your door.
You can browse through food delivery apps to find special promotions on the meals you order including free delivery fees or a specific percentage off your meal. If you want to avoid delivery all together, a close apartment gives you the option to simply walk and pick-up your take-out orders.

2. Job Options
When Bardstown Road is located within walking distance of an apartment, you have a lot more opportunities than just food. You can find all kinds of job options at the local businesses in the area. The restaurants alone provide opportunities for chef and serving staff positions. You could go into the world of retail as you work as a sales associate or cashier.
The Bardstown Road area is also a big tourist attraction. You may find positions at tourist attractions including museums, local tours, or family event centers. If you walk to your job on a daily basis, you can save money on car costs or public transportation. You will profit more from your job and save more money in the long run.

3. Shopping Options
You can furnish an apartment rental with all kinds of options found at Bardstown Road shops. Shops include places to purchase furniture, decorations, and home goods. You can also find a lot of vintage and consignment shops with antiques and gently used items ideal for your home.
When you purchase items locally, you can help support the businesses in the Louisville area and you do not have to wait for shipping. Within the first week of moving into your apartment, you can go out, purchase items, and add a personal touch to the apartment decor.

4. Daily Exercise
If you seek ways to find daily exercise, an apartment near Bardstown Road is ideal. The street is made for pedestrians with wider sidewalks and more room to go around. Every day, you can explore to enjoy the unique sights and sounds. During the warmer months, you can enjoy the music from live bands, nice decorations, and the inviting atmosphere found on the road.
The local community will often post a calendar detailing the upcoming events, so you can plan out your walks and exercise based on the various events you want to see.

During the winter holidays, Bardstown Road transforms, including thousands of lights, Christmas trees, and holiday music. With easy access, you can walk on a daily basis, meet your exercise goals, and enjoy the outdoors at the same time.
For a little boost in your exercise, you can choose an upper-level apartment and use the stairs every time you enter or exit the apartment.
For more information on our apartments located near Bardstown Road, contact us at Montgomery Realtors . We will help you find an ideal apartment that fits your needs and the location you seek.

Tips on Using References for Your Rental Applications

Tue, 01 Dec 2020 18:29:19 GMT

Landlords want good tenants who will pay their rent on time and obey tenancy rules. Strong references can help you prove that you are a good tenant. The strength of your references could land you an apartment, even if you have competitors. The following are tips to help you get and use such references.

Include a Letter and Contact Information

A good reference document should include a letter and contact information. The letter should be brief and mention your abilities, character, and personality. The contact information is necessary to enable your prospective landlord to contact your reference for confirmation.

You should only use contact information alone if your reference person is pressed for time. You can even use custom reference forms (you can get free samples online) that the reference just signs. Make the work as easy as possible for your reference.

Use Multiple References

Some landlords will ask you for a specific number of references. However, you should get multiple references (at least two), even if your tenant application form doesn't specify the number. Using multiple references is especially necessary if you have poor credit and wish to strengthen your application. In such a case, the more people who can vouch for you, the better.

Choose the Right People

Anyone can act as your reference, but they won't all give your rental application the same weight. Pick your reference carefully for maximum impact. Below are some tips for picking references.

Use Your Rental History

Unless you are a first-time renter, your rental history will provide you with the best reference. For example, you can use your landlord or property manager. These people know whether you pay your rent on time, how you relate with other tenants, and whether you obey apartment rules.

Use Your Professional Network

Don't despair if you don't have a rental history. Your professional network can also act as your references. Your professional acquaintances can vouch for your character, job, and personality. Examples of people in your professional network you can use include employers, supervisors, colleagues, and mentors.

Avoid Your Personal Circle

Do your best to avoid your friends or relatives. Even though these people know you best, they might not be objective about you. Your prospective landlord needs references from people who can give independent witness about you.

Get Permission

Don't use contacts of people you know as references without their permission. Even if you have the best relationship with a person, inform them of your plans, and get their permission first. Otherwise, you might list a reference who:

Plans to be out of the country soon and might be unreachable
Has a personal or family emergency and cannot help you
Has changed their contact information

Note that some people also don't want to be references. Such individuals don't have to explain why they don't want to be your reference. Just move on to another person.

Contact References in Advance

Don't wait until the last minute to get references. Start looking for references before you start apartment hunting. That way, you will be in a position to hand over your references whenever you get a suitable apartment. Last-minute efforts can fail you. For example, your best references might be unavailable at short notice.

Have Backup References

Lastly, you should have some backup references in addition to your main references. For example, if a first choice reference is unreachable, you can easily replace them with a backup. You don't have to tell your backups that they are not your first choice.

Hopefully, the above tips will help you land a desirable apartment. Don't forget to involve experienced realtors in your apartment search. Montgomery Realtors has been in the real estate industry for over sixty years. Contact us for available apartments throughout the city of Louisville.

Which Location Within an Apartment Community Is Right for You?

Wed, 30 Sep 2020 23:10:40 GMT

When you rent an apartment, you have many choices. One of the most fundamental is where you would like to live within the apartment building, complex, or community. There is no right or wrong choice with this question. Each renter has an ideal spot depending on their goals, interests, and budget.

To help you find your ideal location, discover a few good matches for any unit location.

Top Floor

The top floor offers a great living experience for several unique reasons. First, it is generally the quietest location because few people will have a reason to travel to the upper floors. Road noise and parking area sounds are also less likely to filter up that far. You also get the best views from upper floors.

The ideal candidate for top-floor living is a renter in good physical shape who doesn't mind if they must go up and down additional stairs or use the elevator on a regular basis. This tenant is happy to sacrifice a little convenience in exchange for a private atmosphere and good views.

Bottom Floor

The bottom floor is perfect for busy families on the go. These apartments are conveniently located for parking and walking into and out of your home often. They also may feature more amenities such as laundry rooms or gyms. And if you have kids, a ground-floor apartment often comes with easy access to green space or common areas like playgrounds.

Budget-minded renters may also find a ground floor unit ideal because they tend to be less expensive and more available than upper units.

Corner Unit

What difference does the location of an apartment within its floor make? You generally have two choices: middle or corner unit. Corner units have fewer neighbors, so they provide two bonuses. First, you may find them quieter since you share fewer walls with other renters. And second, you may also find the views better as you have more opportunities for windows and balconies.

The primary downsides of a corner unit are that they are usually farther away from the stairs or amenities. They may also cost a bit more or be less available. The best person for them, then, is someone who has a little more in their monthly budget and prefers a more luxurious living experience over a convenient location or a tight deadline.

Isolated Location

Look at the map of your potential apartment community or complex. Which rental homes are farthest from the street, from parking areas, and from amenities? These more isolated spaces can provide a quieter and more private living environment because foot and car traffic is lower. Although this is less convenient, a renter who values peaceful enjoyment of their home may find that the isolation adds to the experience.

Central Location

In contrast to an isolated rental unit, a centrally located one provides the best in convenient living. By placing your home near the amenities you like to use most often - such as feeding your daily gym habit or swimming - you can take advantage of all that the apartment complex has to offer. And renters who work long and hard value the ability to be close to parking or transportation links.

Which area of an apartment community is right for you? Clearly, the answer depends on your priorities. Whether you want the best and most luxurious experience, are on a tighter budget, or value convenient access to what you need most, a great spot is available for you. Learn more about apartment layout and amenities by visiting the rental living professionals at Montgomery Realtors today. We look forward to seeing you!

3 Ways Moving During the Pandemic Could Improve Your Life

Tue, 28 Jul 2020 17:44:17 GMT

Moving to a new home or apartment can be a complex task even in the best of times. And while the COVID-19 pandemic makes things more complicated, millions of Americans - an estimated 3% of the population - have found compelling reasons to take up the challenge even now. Should you join their ranks? Here are three key reasons to make your move now.

1. Moving May Improve Health and Safety

If you live in an area deeply affected by the COVID-19 pandemic, moving to a different location may be the best for your family's physical health. If you have a high-risk family member, for instance, you may protect their health by moving away from riskier areas, which could be more important than the temporary work that comes with moving to a new house.

Although no city or state can be called completely immune to pandemic issues, some places are simply more likely to have more problems. A community with a high population density or one that relies on public transportation may, for instance, always be at a higher risk of exposure than a rural or suburban community.

2. Moving May Improve Your Finances

Along with coronavirus fears, a recession has put many people's finances into a bind. If you're in this situation - or likely to end up there - a proactive approach could prevent serious financial damage. For instance, have you thought before about selling your home and downsizing expenses? What about moving to an area that could boost your job stability or result in lower taxes? This might be the time for either.

Smaller choices could help shore up your finances too . You may simply be able to find a more economical apartment to free up money in the budget. Or, look for an apartment that offers money-saving amenities like free parking, a shorter commute to work, or more utilities included in the rent. Small changes like these add up quickly, increase savings, and reduce your stress and anxiety about the future.

3. Moving May Improve Mental Well Being

COVID-19 exposure isn't the only health concern for families today. They also must weigh the emotional and mental well-being of themselves and their children. Being isolated, cooped up at home, unable to see friends or family, or barred from play areas can be taxing on adults and kids alike. And as the months drag on, this effect could become more severe.

If you have the chance to be closer to family, then, this may be the time to take advantage of it. If you want to safely take your kids to play outside in the fresh air, a single-family home with a backyard might be the best option. And if you're one who is used to going out with friends often, you might opt for a home with a layout more amenable to entertaining small groups at home instead.

Moving can't always - or shouldn't always - be put off until things change for the better. If your move will bring a net positive result in the long run, it may be worth the extra effort. The answer to what is right for your family, as always, depends on your personal circumstances. Each of these possibilities - improvement in mental health, physical health, or financial health - may be the deciding.

If you're considering a move within or to the greater Louisville area, talk with the real estate and rental pros at Montgomery Realtors today. We can help you find the right place to weather the pandemic in a way that improves your family's overall well-being no matter what you face in the near future.

4 Home Features That Increase the Listed Square Footage

Wed, 27 May 2020 05:31:18 GMT

When you begin house hunting, real estate listings often include key search factors including the price, number of rooms, and the square footage of a home. In some circumstances, the listed square footage could represent a lower number than the space available.

Learn how certain areas do not count towards the square footage but still provide a lot of extra living space for the home. The extra areas could make a big difference when you go to purchase a home and influence your buying decision. In some cases, areas could nearly double the amount of living space you have.

1. Screened Patios

A patio area offers an ideal living space to enjoy fresh air and the outdoors, but the space is not counted towards the total square footage. When you purchase a home with a screened patio, you could install windows in the space and have a natural expansion of your home.

The screened patio area offers large spaces which you can utilize for seating areas, playrooms, or other entertainment options. The weather protection allows you to use the space all year round, and you could add heating elements to the area.

When you look for listings, check out pictures of the home exterior to see if any screened patios are included. Some listings could list the square footage of the patio area as a separate element.

2. Finished Basements

One of the largest areas in your home not counted towards the square footage is the finished basement. A basement could expand beyond the whole bottom level of your house, essentially doubling the available square footage in a single story home.

You may utilize a finished basement as a single large room or choose to split up the rooms into different living areas like a home office or workout area. Unfinished basements are not counted towards the square footage either.

When you find a home with a large unfinished basement, you have the option to finish the basement and expand the living area of the home.

3. Stair Landings

Oddly, the stair landing at the top of a second story home is not often counted towards the square footage of a home. The area is often just a small space that leads to a hallway, but some homes offer much larger stair landings. You may use the space as a reading nook, a decorative area, or a small play area.

Check out the various designs of stair landings and how to turn the small space into a productive area for the home. For example, during various holidays, use the rails and floor space to set up decorations and make the house look more festive.

4. Lofts and Detached Living Spaces

Any element not physically attached to a home is not listed as part of the home's square footage. For example, a detached garage is not added in but often listed as a separate element. Garages could include loft areas and living spaces that do not count towards the home or garage square footage.

A loft area offers storage options or a place for children to hang out. You could turn the space into an art space, a home gym, or a home theater space. The loft would essentially become a large extra room to utilize.

Along with a garage, look for any other detached buildings on the property. Pool houses, a small art studio, or an in-law apartment would not a part of the full square footage of the home. The spaces will greatly expand your living space and gives you plenty of options for the whole living space.

For more information on home listings and features, check out our listings at Montgomery Realtors . Our experienced realtors will guide you through homes and detail how to make the most out of the available space in each home.

Apartment or House? Questions to Consider

Fri, 27 Mar 2020 08:51:19 GMT

The decision to move from your current home to a new one can inspire a wide variety of emotions. However, if it inspires confusion about whether you want to move into an apartment or a single-family home, take the time to consider the pros and cons of each. Ask yourself these questions to best determine whether you will be happiest renting a house or an apartment home.

How Much Money Do You Need to Save?

The price of rent for an apartment home is often significantly less than the cost of renting a house. Also, since an apartment is smaller, some of your utilities are likely to be more affordable. For example, the cost of heating and cooling an apartment will be significantly lower than the cost of heating and cooling a whole house. For a variety of reasons, you can probably save more money while in an apartment.

How Much Do You Need Convenient Amenities?

Apartment buildings often have a variety of amenities that houses don't. After all, the apartment building is designed to serve many tenants, while a house is typically designed for one family. Although amenities will vary among apartment buildings, many have a laundry room, a swimming pool, a vending machine, and a fitness center. A house isn't as likely to have these features.

On the other hand, if you move into a long-term lease on a home, you may be allowed to make modifications of the home that include the addition of amenities. For example, you may invest in a swimming pool. In some cases, the landlord may even cover the costs of such an addition. It all depends on your unique situation, but it never hurts to ask.

How Much Privacy Do You Need?

Although you can enjoy privacy in an apartment home, a house will allow you to more easily protect your privacy. When neighbors aren't on the other side of your wall, you may feel freer to make noise and listen to your television as loudly as you want. Also, when you have a house, you can more easily tune out noisy neighbors since they are further from your own home.

Do You Feel Prepared to Take on Yard Maintenance?

If you move into an apartment building, the apartment owner or manager typically makes arrangements for all the landscaping and yard maintenance needed to keep the property beautiful and comfortable.

On the other hand, if you rent a home, you may need to cut grass or otherwise maintain the yard. Sometimes landlords will cover all yard maintenance when you rent a house or an apartment. In other situations, the landlord may offer a discount on rent for yard maintenance. Speak to your landlord about the expectations and requirements before deciding on a place to call home.

What Are Your Safety Concerns?

When you're in an apartment, you may feel safer than you would in a house while you're at home. However, many home renters get to know their neighbors and therefore feel safer walking in the neighborhood. They may even participate in a neighborhood watch program. Choose the home that helps you personally feel safer.

Do You Need More Space?

While some apartments are quite large and some houses are small, apartments are typically smaller than single-family houses. If you have children or will move with friends or other family members, you may choose a house to give everyone some breathing room.

If you are a single person who is looking to rent a small space, a studio apartment may be big enough for your needs. You may also choose a one-bedroom or two-bedroom apartment for a little more room. However, if you hope to have a lot of extra room, moving into a house is likely an optimal solution.

Finally, contact Montgomery Realtors today to discuss your housing needs. We offer both rental houses and apartment communities where you can make yourself at home. Let us know what you're looking for. We are happy to help you find affordable, high-quality housing that meets the needs and wants of you and your family.

Questions to Ask if You Move With a Newborn

Tue, 04 Feb 2020 07:11:48 GMT

Are you about to become a parent for the first time? If you're expecting, take a look at what you need to know about renting an apartment with a newborn baby.

Can You Move With a Newborn?

In an ideal world, you'll find the perfect place to live with months until baby arrives. But that won't always happen. Even though you should preferably find an apartment with time left to nest, if needed, you can move with a newborn.

If you need to move after the baby arrives:

Ask someone to watch the baby as you search . An apartment search requires your full attention. If you have your newborn along for the search, you may miss key features. Hire a sitter or ask a family member to watch the baby when you view potential spaces.
Ask for help during the move . After you find a new apartment, you'll need help with the move. Again, hire a sitter or ask a friend/family member to watch the baby on move-in day.
Take it slow . Instead of a one-day move, gradually bring everything to you new home (if possible). This cuts down on the work and gives your family time to adjust to another major life change.

Now that you're ready to start your apartment search, read on for more information on questions to ask before you sign a lease.

Do You Need a Larger Space?

No universal answer exists for this question. Some families who have a new baby on the way may needed added room, while others won't. The decision to rent a larger apartment or full-sized house depends on:

Your comfort level . Some families with newborns are perfectly happy living in a one-bedroom apartment. But if you feel cramped or on top of each other, you'll need to expand your search to two (or more) bedrooms.
Your family's overall size . Will your newborn join an older sibling? If you already have kids or have extended family (such as your parents) who will live in the apartment, the new baby may add an extra space need.
Your budget . A new baby adds new expenses. If the cost of clothes, diapers, daycare, and everything else you'll need to pay for now will eat away at your budget, you may need to save money with a smaller space.
Your organizational strategy . A well-organized one-bedroom apartment can accommodate your new baby and everything you'll need to care for them.

If you do need to choose a smaller space, plan ahead for storage needs and use double-duty furniture items (such as a chest of drawers with a changing pad on top).

Do You Need a Safer Space?

Safety is always key. But with a new baby, safety takes on a whole new meaning. The rental you choose needs to provide a safe, healthy environment that your new child can thrive in. As you tour potential apartments, consider:

Your ability to babyproof . Will you need to drill holes in the walls to install a baby gate? Ask the landlord or rental company if these types of changes are allowed. If not, consider other babyproofing options or move on to another potential apartment.
The potential hazards . Does the apartment have a questionably moldy shower? If you see mold or other possible safety issues, skip the apartment and continue your housing search.
Window treatments . Does the apartment come with existing window treatments? Make sure these are cordless, or install cord keepers immediately. Cords on blinds or shades pose a serious strangulation hazard.

Along with the window treatments, make sure the windows are safe. All windows in the apartment should have locks on them. This helps to keep intruders out and your baby inside.

Do you need a new apartment? Contact Montgomery Realtors for more information.

4 Rental Features for Working From Home

Tue, 26 Nov 2019 21:14:27 GMT

Increasingly, Americans are getting - or accepting - the option to work from home. With added flexibility and the ability to enjoy more time with family, working from home can open up an entirely new life for anyone who can take advantage of this modern trend.

If you currently work from home or are considering a shift to work-from-home, don't underestimate the benefits of finding the right environment for it. Even someone who rents a home or apartment can find the right place to facilitate their work. Here are a few key elements you should consider.

1. Dedicated Space

While you don't have to create a sterile and completely businesslike office, your home office does need to be a place you can easily work in for extended periods of time. Ideally, it should be a separate room, such as an unused bedroom or unused formal dining room. The ability to close the door to the world will do wonders for your productivity and concentration. It also helps set boundaries for kids.

If you can't find a rental with a dedicated room, at least locate a niche that you can dedicate fully to your work needs. It should not be a space that is shared with your movie collection, boxes for donation to the thrift store, last year's winter sports equipment, or the kids' hand-me-downs. The more professional an environment you create, the more professionally you will treat the work.

2. Organization

Many at-home workers need little more than a desk and laptop. But if your work calls for more supplies, equipment, or work space, choose a layout that has space large enough to keep yourself organized.

If you have a home-based craft business, for instance, you may need an entire room or even a closed garage for your work. Someone who manages inventory to be sold online may need to rent a larger apartment than someone who does graphic design online.

3. Peace and Quiet

When shopping for a rental, you'll want to know how busy and noisy the area is during the day. A large apartment complex, for instance, could be very active during the day with things like vendors providing services, gardeners caring for greenery, kids and parents coming and going, or even plenty of traffic noise. Excessive noise and activity could be a distraction for you when trying to work.

Some apartments, though, are very quiet during the day when most renters are gone at work. The best way to determine if a house or apartment is a good place to get things done is to visit it during different parts of the day.

4. Activities for the Kids

For many parents, working from home saves money and helps them spend more time with the kids. But kids are also a big distraction for anyone trying to work at the same time. So consider how you can entertain your little ones in your new home.

Is there a separated play area for smaller children that is not right next to your office? Is the home office large enough that you can sometimes have little ones play in the other half?

If you have older kids, you may want to look for a house with a backyard or an apartment with a safe play area on the grounds. In addition, parents of teens might look for amenities like a pool, gym, or entertainment within walking distance.

By looking for the right elements when renting your next place, you'll get your work-from-home venture off to its best start. At Montgomery Realtors , we offer a wide inventory of apartments and rental houses with different amenities, locations, and layouts. Stop by today to find the perfect one for you.

3 Helpful Rental House Features

Thu, 26 Sep 2019 21:37:25 GMT

When selecting the perfect rental, you might like to focus on the things you wish you could change about the property. These can include busy streets or unattractive interior features. Fortunately, some home features that seem like pitfalls may actually be huge plusses. Here are three rental house features that are surprisingly helpful.

1. Fixed-Term Leases

Every rental agreement is a little different. Your landlord may require a one-way lease, which is technically a month-to-month contract, with penalties if you decide to move out early, or a fixed-term lease, which requires that you live in the space for a particular amount of time, regardless of how your life may change while you are there.

While many people are nervous about renting a place with a fixed-term lease, these strict contracts may act as huge bonuses for you, since you may think more critically about the apartment before moving in. Instead of moving in without a careful evaluation of the property, you might realize that a fixed-lease contract demands that you carefully examine your life, think about that commute, and evaluate your monthly budget.

Fixed-term contracts offer another powerful bonus: the fact that you know you will have a place to stay. With month-to-month contracts, the agreement works both ways. While you can decide to move out anytime, your landlord can also give you notice that your lease is up at any time, and let you know that you have a month to move out. On the other hand, fixed-term contracts can give you the peace of mind you need to worry less about housing.

2. Wood-Burning Fireplaces

That outdated wood-burning fireplace might seem retro and take up some floor space, but it could hold the key to saving money on power this winter. Wood-burning fireplaces, while once considered outdated and bulky, have now come back in style due to their incredible functionality.

In addition to generating ample amounts of heat by burning logs inside a special stove, some wood-burning fireplaces also have spots on top of the unit you can use to boil water or cook food during an emergency like a natural disaster.

Furthermore, modern wood-burning stoves are more efficient than ever before, producing a lot less smoke. For instance, while older wood-burning stoves produced as much as 30 grams of smoke for every hour they were in operation, newer stoves make as little as 4.5 grams per hour, which helps your home to stay cleaner.

Lastly, wood-burning stoves can help you to create a warm and memorable ambiance inside your house during the winter season. While others are stuck with traditional forced-air furnaces, you can cozy up with your friends next to a real fire to toast marshmallows, drink a glass of wine, or kick back and relax while your home is heated naturally.

3. Busy Location

Sometimes when people tour rentals in busy parts of town, they worry about things like street noise, traffic, and poor access to parking. However, a home situated right in the center of town could be the answer to your shopping and travel woes.

Since businesses, restaurants, public transit stops, and grocery stores may be close, you might even be able to ditch the vehicle and transition to walking. Additionally, you will be closer to great activities and city events, helping you to really become a part of your community.

Choosing an excellent rental property starts by working with an experienced real estate team, so give us a call today. Here at Montgomery Realtors , we have helped home and apartment hunters to find their perfect slice of home-based heaven for more than 60 years. With an impressive portfolio of rental properties and apartments, we can help you narrow down your options and choose a great place today.

Large Expense Looming? How Your Housing Choice Can Kickstart Savings

Fri, 30 Aug 2019 01:55:46 GMT

Most Americans find that saving money on a regular basis is a real challenge. And if you have a large expense coming up - anything from a big wedding to college costs to your own retirement - that challenge becomes even more daunting. And it's more urgent.

The good news is that you can boost your own savings ability by looking no further than your housing costs. Housing is the biggest line item in most people's budgets, and the right changes in this category could allow you to build your savings at a rate you hardly dreamed of.

Not sure how to use your housing budget to boost savings instead? Here are four ways anyone can try.

1. Focus on Big-Ticket Savings

When many personal finance experts talk about saving money, they often discuss smaller ways, such as skipping your morning Starbucks habit. But you will often get more mileage from downsizing one big-ticket expense than you will from eliminating ten small expenses.

Because housing costs are such a big part of people's budgets, they also have the potential to revolutionize your monthly budget. Look for ways to make individual choices that will have the biggest impact.

This big impact may not even involve downsizing. What about moving to a similar home but somewhere you can use public transportation rather than own a car, for instance? Or perhaps renting a similar home near a college in order to avoid paying four years of room and board? Look for big-ticket solutions outside the box.

2. Sell in a Good Market

If you own a home, you may be sitting on a way to solve most of your savings problems in one fell swoop. How much equity - the sale price minus your mortgage - does your home currently have? Home values have appreciated greatly for most areas since the Great Recession, and this may be the perfect time to tap into it for a savings windfall.

Ask a real estate agent to assess the potential for your home to sell easily and for a good price. While you're at it, discuss potential negative factors you have time to correct, such as landscaping, minor repairs, or replacements. You may find that the jump in savings makes selling a much more attractive option.

3. Opt for Renting

The American Dream might be home ownership, but that ownership can be expensive. While mortgage payments remain the same, you continue to have additional - and often rising - related costs. These housing expenses include property taxes, homeowners insurance, repairs to the property, regular maintenance costs, and utilities for a larger home.

When you rent, though, you only have a few of these costs. You write a check for rent each month and the landlord pays taxes, insurance, repairs, and upkeep. That keeps your budget simple and free of expensive surprises. Rentals also often come with some paid utilities as well as smaller square footage for the utilities you do pay.

4. Look for Added Bonuses

If you plan to rent an apartment, keep an eye out for useful amenities that can reduce other (nonhousing) costs. Then, you get an added bonus for savings. If you can use an outdoor grilling space, can you enjoy time with friends while skipping expensive dinners out? If your apartment complex has a workout room, can you cancel a gym membership? If you move closer to family, can parents help babysit?

As you assess your housing options, you're sure to find valuable ways to help reach your savings goals. At Montgomery Realtors , we offer a variety of homes and apartments fit for any budget and any lifestyle. Check out our inventory to find a beautiful home that can free up your budget to finance your future dreams and make them a reality.

Should You Rent an Apartment or a House?

Fri, 05 Jul 2019 19:51:32 GMT

For Americans ranging from the newly graduated to baby boomers on the verge of retirement, renting an apartment or house has an inherent independence with great appeal.

If you are looking to rent, you will still need to answer one basic question: should you rent a house or an apartment? There are pros and cons to both options, so here are a few things to consider when deciding for yourself.

Cost

Generally, apartments are less expensive to rent than single-family homes. Apartments are rented in bulk, and they're usually smaller, so you get a discount on the cost of your home. For budget-minded renters, this is one of the best reasons to opt for apartment living.

Keep in mind, though, that some apartments may actually cost as much or more than an individual rental house. Apartments located in prime areas of a city - such as a vibrant downtown neighborhood - will probably cost more than a house in a quiet, suburban area. And, if you want lots of fun amenities, you may have to pay more than you would for a larger house with fewer amenities.

Privacy

An apartment is usually located in a shared building where you have neighbors all around - on one or both sides as well as potentially above or below you. Modern apartment buildings are designed to minimize noises from your closest neighbors, but some renters may not be used to the additional activity.

A single-family home will almost always provide greater privacy. You generally get a yard with a fence as well as outdoor areas you don't have to share with your neighbors. If you like to spend time alone or entertaining friends, this could be the lifestyle for you. If you're not comfortable living alone, though, you might find it less stressful to have neighbors around and a manager on-site.

Space

Houses are usually larger than apartments, which could be either a pro or a con for you. Larger spaces provide more room for families with young children, for instance, or grandparents who want a guest room for the kids. But a couple who both work or a retiree who wants to travel may not like the extra work of keeping up a larger home.

In addition to more space inside the home, a rental house likely provides more outdoor space. Apartments are often limited to balconies or patios, but houses usually have larger outdoor space to offer. Additionally, rental houses may provide more parking options, depending on the layout of the rental unit's property.

Landlords

Most apartment buildings are operated by a landlord with experience in the rental business. They usually have professional management and an established system for handling things. A single house, though, is often owned and operated by an individual landlord - who may or may not have much experience.

Some renters prefer this more personal and casual relationship with the house's owner. And if your rental house is managed by a professional service, you may see little difference in how things are run. But if you opt for a house that's managed by the owner, look for indications that they are responsive and professional.

Finally, remember that while an apartment building is likely always going to be used as a rental, a single-family home could be sold to new owners at any time - meaning you may have to find another place to live.

In the end, the choice between renting a house or renting an apartment is a personal decision. Only you can determine what are the most important aspects to you and how to act on them. At Montgomery Realtors , we provide a large inventory of options in both single-family homes and apartments so you can find the perfect home for you and your family. Call today to learn more.

What Dog Owners Need to Consider When Apartment Hunting

Mon, 06 May 2019 13:54:37 GMT

When you adopted your dog, you probably soon learned that you adopted some unexpected responsibilities along with the fun of pet parenthood. Having a canine companion is a joy, yet it also requires some reconfiguring of your lifestyle.

As you search for a new apartment, keep these considerations in mind to ensure that you and your dog thrive in your new home.

Consider How Long You'll Be Away from Home

Dogs are sociable creatures, and they don't enjoy being left alone for long periods of time. If you move to a small apartment, being alone can be more trying for a dog. When you're looking for an apartment, consider how long you'll leave your dog during an average workday. Also, consider whether you plan on having a dog walker come while you're gone.

If you plan to leave your dog home alone and aren't receptive to the idea of dog walkers, you may want to rent a small house with a yard instead of an apartment. That way, you can use a doggie door, and your canine companion can go outside whenever they please during the day. That also empowers them to come back inside whenever they want.

Consider How You Can Protect the Floors

Some floors may be better suited for dogs than others. If the apartment has wall-to-wall carpeting, yet your dog isn't trained to use the bathroom outside, you may have a difficult time cleaning up after your pet as you work on training them. Choose apartments without carpeting if you have a dog who often has accidents with their pee or poo.

Consider Your Dog's Breed and Personality

Some dogs are better suited for apartment dwelling than others. If you have a dog who is not very active, a small apartment may suit them well. Their activity level is more of a concern than their size, which surprises many first-time dog owners. Dogs who live in apartments should be okay with relaxing and not running around the home for hours at a time.

Some rather inactive dogs that take well to apartment life can be larger breeds like Great Danes and popular ones like cocker spaniels. Other dogs who may do well with apartments include basset hounds and American hairless terriers. Rescue dogs who are a mix of breeds may also take well to apartment life, depending on the traits and individual characteristics of the dog.

Small dogs are surprisingly not always well-suited for apartment dwelling. Many need a few active hours per day. Also, they can also be noisy, which neighbors won't appreciate. Of course, there are always exceptions within dog breeds and types. Consider your dog's personality well. You may even ask your veterinarian about how much space your dog may need at home.

Consider Whether Your Dog Will Damage Furniture

If you are open to renting a furnished apartment, first consider whether your dog is likely to damage it. If your canine companion is still a puppy, it's probably better to not go with a furnished apartment. If you do, have a clear plan on how to protect the furniture. Give your dog plenty of chew toys, and make sure they get plenty of exercise outside the apartment.

Consider Adding a Potty Area to a Balcony or Enclosed Patio

Whether you have a ground floor apartment or one on a high floor of an apartment complex, you can establish an outdoor potty area for your canine companion if you have a balcony. Always confirm that your apartment complex allows such areas on balconies. Once you have the go-ahead, establish an outdoor potty space for your dog with faux grass pads that will absorb pee until you clean up.

Finally, be sure to let your real estate agent know about any special needs you or your canine companion may have. Go over any strong preferences for your rental home before your agent even starts searching for your new home. Contact Montgomery Realtors today to learn about how we can help you, your family, and your companion animals soon enjoy a new home.

QUESTIONS TO ASK A POTENTIAL ROOMMATE BEFORE MOVING IN

Thu, 07 Mar 2019 03:38:19 GMT

Adding a roommate to the mix can make apartment living less expensive and more fun. Choosing someone to live with is a process that takes careful consideration, time, and effort. If you're searching for a new roommate, take a look at the top questions to ask before making a decision.

WHEN DO YOU SLEEP?

An early riser paired with a roommate who prefers late nights isn't ideal. Ask your potential roommate to provide a clear picture of their regular sleep schedule - not counting occasional late nights out or early morning wake-ups for special events.

A mismatched sleep schedule between roommates may mean that you (or your roommate) feels uncomfortable or awkward being home at certain hours. Depending on your (or your roommate's) usual activities, it may also result in one person keeping the other one up all night/day long.

WHERE DO YOU WORK?

The answer to this question provides you with several different, but equally important, pieces of information. These include the following:

Finances. Having a roommate eases the financial burden of renting. Someone who doesn't have a job, or has a low paying job, may not have the ability to pay rent.
Home office use. According to FlexJobs, 3.9 million workers in the United States work from home. If your roommate is part of the remote workforce, they may need extra space or extra quiet time for their job.
Schedule. While coordinating sleep schedules can help reduce the amount of roommate-roommate conflict, working at the same time often comes with its own issues. If you only have one bathroom, showering (and getting ready for work) will require careful planning.

Along with these issues, knowing where your potential roommate works can have its perks. A roommate with a car who works near your employer can drive you to work, decreasing transportation costs or giving you an alternative to taking the bus/subway.

DO YOU ENTERTAIN OFTEN?

A solitary homebody and an outgoing entertainer are an odd couple when it comes to sharing a living space. If one of you feels uncomfortable about having guests over, while the other is a social butterfly, the living arrangement isn't likely to work out well.

Not only do you need to know if your potential roommate enjoys entertaining, but you also need to know how much and when. There's a major difference between inviting a friend or two over to watch a movie and filling the apartment with a partying crowd of people nightly.

HOW DO YOU WANT TO SPLIT EXPENSES?

Even though you might have already agreed that rent should be a 50/50 expense, rent isn't the only group cost you'll incur as roommates. You'll also need to know how the two of you will split the following:

Bills. Gas, electricity, water, internet, phone, cable, and other household bills aren't always a straight half-and-half split. Talk to your potential roommate about what they plan to pay for and why.
Food. Will you each buy your own groceries? Or will you share food, splitting the cost down the middle? This is an important topic to tackle before you're forced to share a refrigerator.
Entertainment. If you both entertain equally, who pays for expenses such as alcohol and other similar costs?
Pets. Do you have a household pet or pets? If so, ask about handling the cost of food. Also consider who will pay for potential damage caused by the pets when your lease is up.

Clearly outline all costs and get precise answers. Without definite answers, you may end up paying more than your fair share.

Are you looking for a new apartment? Contact Montgomery Realtors for more information.

5 WAYS TO MAKE YOUR APARTMENT FEEL LIKE HOME

Mon, 12 Nov 2018 00:00:00 GMT

When you move into an apartment after living in a house, the smaller space often feels like you're not really home. And no matter how short or long you plan to live in this space, your apartment should feel like more than just a place to hang your hat.

So, how can you make your new apartment feel more like a home? Here are five simple ways.

1. Clean It Up

Step one is to clean your new place top to bottom. This step is important whether or not you're a neatfreak. A clean space gives you a chance to really get to know your new apartment with all its nooks and crannies - and you might even find a few fun surprises. And cleaning reduces the feeling that you're living in someone else's environment. You'll get a clean start with a clean apartment.

2. Add Removable Decorations

You can take plenty of decorative steps without violating your lease agreement. First, find out exactly how much you're allowed to change the apartment, including painting walls or changing flooring. Once you have your parameters, look for steps you can take within those limits.

Change window treatments and cabinet hardware, then store the original ones. Add large throw rugs on top of existing flooring. Buy a few plants to liven things up. And be sure to include several lighting options for any mood.

Boring walls are a common apartment complaint, but you can easily brighten up yours. Removable wall stickers, for example, are an easy way to add personality to any space. Hang up your favorite quote, your parents' sage advice, or simply a phrase that makes you smile.

3. Organize Your Stuff

Get your stuff out of boxes and recycle the cartons as soon as possible. But you don't want a huge pile of belongings weighing you down, either. The answer is to create homes for all your things so they look and feel like they also belong here.

Apartments are often short on storage, so plan to get your own multi-use furnishings. Bookshelves, for instance, give you a chance to store items and display decorative objects. Furniture with hidden storage, such as benches or ottomans, can also be a big help. And take advantage of organizational systems to get more out of small storage spaces.

4. Include Sentimental Items

You don't have to fill your apartment with knick-knacks and family heirlooms to make it feel homey. But a few touches of your history will instantly make things feel cozier.

Choose items that have a big impact on your mood rather than a lot of mediocre additions. What works for you is entirely personal - it could be anything from your favorite books on a shelf or your kids' school drawings on the refrigerator to the video game system you played with your siblings.

5. Get Outside

The last step is to explore your apartment. Familiarize yourself with the amenities in your complex, including walking trails, bike paths, common outdoor grilling or entertainment spaces, and gym equipment. Meet a few of your neighbors, even just to chat a little while taking out the garbage. Learn some of your neighbors' pets' names. Or try joining a weekly activity in the common area.

Then get beyond your complex itself. Walk or drive around the neighborhood to learn what restaurants are in the area or where the parks and the library are. Join a local interest group. Try out new coffee shops until you find a favorite. The point is to simply engage positively with the people and shops around you until you feel like it's your neighborhood.

Take the first step toward finding a new place to call home by visiting the luxurious and welcoming properties throughout Louisville available from Montgomery Realtors today. With a wide variety of options and locations, you're sure to find something to fall in love with.

RENTERS INSURANCE: DO YOU NEED IT?

Wed, 12 Sep 2018 00:00:00 GMT

Moving into a new apartment can be an exciting endeavor. You will have the opportunity to create a new living space, meet new neighbors, and explore a new neighborhood. It's important that you take the time to ensure that your assets will be protected while you reside in your new apartment. Renters insurance is a valuable product that can help prevent significant loss in the event of an accident. Most renters can benefit from a renters insurance policy, but it is helpful to know whether or not you need renters insurance before you move into your new apartment home.

PROPERTY INSURANCE COVERAGE

Your property manager will have an insurance policy in place to protect the structural integrity of your new apartment building. It's important that you ask about the coverage of this property insurance policy so that you can determine if supplemental insurance is required for full protection.

Most property insurance policies will cover damage to the structure of a building caused by severe weather or natural disaster. However, structural damage caused by tenants is typically not covered under a management company's insurance policy. This means that if you flood your bathroom and damage your neighbor's property, you will be solely responsible for the costs.

A renters insurance policy will help protect you against financial ruin in the event an accident that causes structural damage to your apartment does occur.

POSSESSION VALUE

Another factor that should be taken into consideration when evaluating renters insurance policies is the value of your possessions. One of the primary benefits that a renters insurance policy offers is financial compensation if your belongings are stolen or damaged.

If you have new furniture, valuable jewelry, or a lot of high-end electronics in your apartment home, you will want to protect these items with a valid renters insurance policy. Look for a policy that provides replacement cost coverage (RCC) rather than actual cash value (ACV) coverage.

RCC coverage ensures that you will receive the current market value of stolen or damaged items when filing a claim. ACV policies will factor in depreciation before processing a payout.

RENTAL REQUIREMENTS

Before you sign the lease for your new apartment, be sure to ask the property manager is renters insurance is required. Many management companies require tenants to maintain current renters insurance policies for the duration of their leases. Some management companies will even ask that they are listed as an interested party on these insurance policies so that they will be notified if you cancel the policy prematurely.

Tenants with renters insurance help protect management companies from financial damages should carelessness or accident on the part of a tenant cause structural damage to the apartment building.

Because renters insurance policies protect both tenants and landlords, many management companies will offer the option to pay for a policy with your monthly rent. Be sure that you evaluate the coverage limits of these policies, and be prepared to seek out your own renters insurance if you need additional coverage to protect your belongings.

There are many great renters insurance options available to prospective tenants on the market today. No matter what you own or how much your items are worth, the minimal monthly premiums associated with renters insurance products make these policies a worthwhile investment. You will enjoy maximum protection against liability and loss of use, which can help you preserve your financial assets in a crisis.

If you are looking for a new apartment to call home, contact Montgomery Realtors. We can help you find the apartment that will suit your needs and accommodate your lifestyle without breaking the bank.

TIPS FOR PREPARING KIDS FOR A MOVE TO A NEW APARTMENT

Mon, 16 Jul 2018 00:00:00 GMT

Moving to a new apartment can be both exciting and scary for all members of the family. Although the move can be an ultimately positive experience, children may need a little help adjusting to the idea of moving to a new apartment home. Follow these tips to make the transition easier for your kids.

TALK TO KIDS ABOUT THE MOVE AS SOON AS IT'S CONFIRMED

Although you may want to put off sharing news about the move, it's best to start preparing kids as soon as the move is confirmed. Bring it up by asking open-ended questions and acknowledging your children's feelings about the move. Kids are likely to respond well when you validate their feelings. Some questions you may want to ask include:

How do you feel about moving to a new home?
What will you miss about this home?
What are some of the cool things you'd like to do in the new home?
What are some of the fears you have about moving?
How can you make friends in the new neighborhood?
What can you do to stay in touch with friends in this neighborhood?
How do you think the moving process works?
What do you want to know about the new home?
How do you want your room in the new home to be different than your current room?
What do you wish that everyone understood about how the move makes you feel?
How would you handle the move if you were the parent?

Don't be afraid if your children initially express only negative feelings about the move. Simply let them express their feelings without trying to control those feelings. By acknowledging the bad feelings and discussing the realities of the move, children can start to feel better and change their minds about the move.

LEAD BY EXAMPLE

Not all moves are welcomed. If you are moving because of monetary concerns, the end of a lease, or any other negative reason, still try to embrace the situation. Speak about the move as a positive thing in front of your children. If your kids see that you're upset about moving to a new apartment, they are likely to be upset too.

This doesn't mean that you lie to your children. If your kids are angry because you are moving to a smaller home, let them know that the situation is beyond your control. Simply put a positive spin on things any chance you get.

For example, you may point out the good things about the move. Although children may be getting a smaller room, the new neighborhood may be closer to a park or come with a swimming pool. Let kids know that they have the chance to decorate a new room any way they want. Accentuating the positive will help kids learn to do the same throughout the moving process.

EMPOWER YOUR CHILDREN WITH CHOICES

Let children make as many choices as possible during the moving process. Kids may feel scared of the changes that a move will bring into their lives. When you offer them choices, you show them that you trust their judgment and that they have control over many aspects of their lives.

How many choices you give children depends on many factors. Younger kids can be offered simple choices such as which bedspread they want to use in their new room. If your children are older and you value their input, you may take them to see an apartment you're interested in. Kids who help choose their new home may more fully embrace it and get excited about moving in.

Finally, one of the best gifts you can give your family is a great new apartment home where you can make great new memories together. For help finding just the right apartment for your family's needs, contact Montgomery Realtors . We are dedicated to helping residents find the best housing throughout the Louisville area and would love to help you discover your new home.

RENTING FOR THE FIRST TIME? WHAT YOU NEED TO KNOW

Tue, 15 May 2018 00:00:00 GMT

Moving out and renting a place of your own for the first time can be daunting. Whether you are leaving your parent's home for your first apartment or simply getting a new start, there are a lot of things to consider when renting a property for the first time. This guide lists a few things to know before jumping into the rental market.

WHAT CAN YOU AFFORD?

One of the biggest mistakes that first-time renters make is not knowing what they can afford. Having a budget is essential when you’re renting for the first time. You don't want to have difficulty paying your rent each month.

A good rule of thumb is to spend no more than 30 percent of your income each month on rent. Another thing you may want to consider is getting a roommate. Renting for the first time is often easier when you have someone else to share the costs with.

YOU HAVE OPTIONS

Another thing that you should know when renting for the first time is that you have options. It's important to remember that you are not limited to just one type of property. While a traditional apartment may be the first thing that comes to mind when looking into renting, houses are also a great option.

Before making a decision on where you want to live, looking into various rental properties is always a good idea. If you enjoy living in a community setting, then an apartment may be the right option. However, if you want a yard or more space, a rental home may be the better choice for your needs.

WHAT ARE YOUR REQUIREMENTS?

When renting for the first time, you need to know what your requirements are and whether or not the apartment or house you are interested in meets those requirements. Here are a few things that you need to keep in mind:

Pets . Do you have a dog, a cat, or another type of pet? Do you plan on getting one in the future? If so, you will need a pet-friendly rental.
Furniture . Do you have furniture? If so, it's important to make sure that your furniture will fit into your new space. If you have large furniture, an open concept living space may work better for you than a rental with smaller rooms. Make sure you measure your furniture and your rental before moving in.
Space . What are your storage needs? You should also consider the square footage and storage when choosing a rental. You want to make sure that your new space has enough room for both you and your possessions.
Location . One of the most important requirements that you may have is location. When choosing your first rental, you will want to ensure that your potential home is located in an area that is convenient for you, whether that means being close to family and friends, work, or school.

Keep your requirements in mind when choosing your first rental. It may take some time to find a rental that works with your lifestyle but it's worth it to find the right space.

IS COMMUNICATING WITH YOUR LANDLORD EASY?

As a first-time renter, you may find that you have a lot of questions. Communication with your landlord is key when renting. Don't be afraid to ask questions if you need to. A few questions that you may need to ask include:

How much is the deposit?
What day of the month is rent due?
How do I pay rent?
How do I turn on the utilities?
Do you allow pets?

Asking questions will only improve your renting experience and help you feel more secure in your decision to move into a property.

If you need help finding a rental, our experts at Montgomery Realtors can help you find a place that suits your needs. Contact us for more information on our rental properties.

FUN WAYS TO USE THE EXTRA ROOM IN YOUR APARTMENT

Thu, 15 Mar 2018 00:00:00 GMT

When you have a studio or one-bedroom apartment, you may be surprised to notice that apartments with two or three bedrooms in the same building might not cost that much more. That may inspire you to start looking for a new, bigger apartment to call home.

If it's within your budget, consider looking for a larger apartment even if you live alone. Then use the extra room for something that would bring you joy. Here are some fun ideas you can use in an extra room.

AN ARTIST’S RETREAT

If you like to create art of any kind, consider setting aside an extra room in your home as your own special creative space. If you like to paint, set up a full artist's studio complete with a desk for sketching, easels to display your finished work and lots of space in the middle for you to work on all your current projects.

Consider all your senses and devise a set-up that will delight your senses and inspire you to create your best art while in your in-home artist's retreat. You could hang prints of your favorite artists' work in the space. Set up an area of the room where you can play music or podcasts that inspire you while you work. You could also place a small table with scented candles in the room.

If you don't enjoy creating fine art, set up a room that caters to the art you enjoy. For example, if you're a writer, make the room a writer's haven with space for you to relax and focus on your stories. If you are a sports fan, make this room a haven for watching and savoring games.

A HOME MOVIE THEATER

Use an extra room to create your own home cinema. Thanks to recent technological advances in entertainment, having an in-home theater is within reach of nearly any budget. Simply put a flat screen on the wall. If you'd like, add decorative red or golden curtains on each side of the screen to add a dramatic flair reminiscent of old-time cinemas.

For theater worthy seats, check out the selection of chairs and recliners at your local thrift shop. If you want a uniform look, stores like IKEA may have more affordable options. Alternately, put an ad in a local newspaper or website for theater seats. You may find that you can refinish former movie theater seats without spending a lot of money. That way, the room will really look authentic.

Frame posters of your favorite movies and hang them along the walls of your home theater to celebrate what you love about cinema. If you have autographed photographs of your favorite actors, this is a good place to display them. Set up a popcorn stand or display candy by the door to set up your own concession stand in your theater.

A MULTIMEDIA IN-HOME LIBRARY

Book lovers often daydream of a library all their own. Why not use an extra room as a library? A multimedia library can help you organize many of your collections of media and entertainment. For example, you can designate one wall of bookshelves for books, then use another wall for DVDs. Yet another wall could be shelve games or other things you collect.

Choose a theme for your library to give it a little extra appeal. For example, if you are a fan of Harry Potter, create a library that is themed around these books. Use wands as bookends. Put memorabilia alongside your collections. Turn a spotlight on the shelves to show off certain memorabilia. If Harry Potter isn't your thing, substitute your favorite books as the theme.

Finally, when looking for apartments, don't rule out larger-sized dwellings before considering what you may want to do with an extra room or two. Check out the listings that Montgomery Realtors currently have available and contact us for all your rental needs.

THIRD-FLOOR APARTMENTS: 3 CONSIDERATIONS BEFORE MOVING ON UP

Wed, 24 Jan 2018 00:00:00 GMT

Living high up in a third-story apartment building has several advantages including great views, privacy, and fewer worries about flooding or other weather elements. When choosing a third-story apartment rental, some considerations come into play before making the final decision.

Understanding the logistics and access to the apartment can help set up expectations and allow you to know exactly what you're getting with the apartment rental. As you browse apartments, having questions for realtors gives you all the information you need so you're not surprised in the future.

Browse through various third-floor features and questions so you can have everything answered and understand exactly what you're getting with a third-story rental.

1. ROOF-TOP ACCESS

As a renter on the third-floor, you may have access to extra privileges depending on the building's design. One of these options may be rooftop access. Getting access to a roof can greatly expand the available space in your apartment.

On a roof, you have the ability to enjoy the outdoors, relax, and get some fresh air. For some, the roof can be a great place to socialize, barbecue, and host gatherings. For others, it can be an ideal place to read a book, plant a garden, or meditate.

With a third-story rental, you can have easy access to the roof and really utilize the space as you wish. Every apartment building is different, so it's important to find out about any possible roof access on buildings you are touring.

2. FURNISHINGS

The logistics of moving into a third-story apartment can be a little more complicated than something on the first level. You have to consider the furniture you are bringing and the space available to move it inside the actual apartment.

Do you have a bed frame, a couch, or large appliances? Before you purchase anything or prepare the moving trucks, it's important to get any questions answered about the furnishings you have available in the apartment.

One of the main questions you should ask involves the furnishing of appliances. Tthe apartment may include large appliances like refrigerators, ovens, microwaves, and washers. The inclusion of large appliances can make a big difference as you move in and out of a third-story apartment.

Moving into an apartment that is fully furnished will make things a lot easier and help you save money when hiring a moving crew. Once you know what items come with the apartment, you can determine what items you actually need to bring and what pieces you need to sell, donate, or place into storage.

3. MOBILITY ACCESS

The daily exercise you can get from climbing three flights of stairs is great, but there may be multiple mobility questions you have when it comes to renting an apartment on the third-floor. One of the main questions that come to mind is elevator access.

If a three-story building has an elevator, accessing your third floor will be a lot easier. Carrying groceries, laundry, and things for work is a lot easier when you can just hop on an elevator and ride up.

When it comes to stairs, you should see the location of the stairs and the ways to access them. For example, exterior staircases can be exhausting in extreme heat or a pain in the rain. If the stairs are indoors or covered, the daily climbing can make a huge difference and be a much easier task.

Many apartments will have multiple ways to access the upper floors, so learning about each one will give you all the proper information before making your final decision.

Browse apartments and see some third-story options with Montgomery Realtors . We can help you find the apartment that fits all your needs and criteria.