Finding a great place can be tough, and one of the best ways to get a great, affordable apartment is to combine resources. Renting with friends can be a great experience, if you plan ahead. 

Agree on a budget

Figure out what works best for everyone. Discuss everyone’s ideal budget, and agree on a monthly number that everyone is comfortable paying. Determine if anyone is willing to pay more for a perk, like a Master bedroom with a walk-in closet. That way, when someone suggests a place with an outlandish price tag, no one feels embarrassed to say that it’s out of their price range. Determine if anyone is willing to pay more for a perk, like a walk-in closet, larger bedroom, or a room with a private bathroom. 

Discuss your rental history

When applying for an apartment, screening companies will require you to provide information to assess your qualifications as a tenant. It’s important everyone communicates any potential issues regarding these requirements such as past evictions that could prevent you from signing the lease to your dream apartment. Be proactive and have relevant paperwork in order so you can move quickly if you find the perfect place. If theses an issue for you, let us know up-front, so we can help. Do not omit information on your application. 

Pick an area

One of the big benefits of living with friends is by sharing resources, you can access more desirable areas. All across the country, we are seeing rent increases in urban areas with lots of amenities. With your cost of living budget out of the way, it’s time to determine which neighborhoods you’d all be happy and comfortable to live in. Consider everyone’s commute, where you enjoying spending free time, going out, and also feel safe in. Select a few neighborhoods to broaden your search so you don’t put all of your eggs in one basket.

Be clear about your dealbreakers 

So you want in-unit laundry and your roommate wants a balcony with a view. Make sure that you are same page about what everyone expects out of their future apartment and be conscientious of those throughout your search. In the end, someone may have to compromise, but neglecting to check off things from everyone’s wishlist could cause resentment and tension. Don’t put yourself in a situation where everyone else loves an apartment that you don’t want to live in. 

Pick a Primary tenant

This is a recommendation, but it can be really helpful to have one person who does the bulk of the communication once you move in. That way, you aren’t having to manage communications with each other and your landlord, which will limit conflicting or confusing reports, which can make sit harder to get what you want.