is it worth applying for a realtor managed rental if you barely meet the triple policy?

Submitted by Deadmanjustice t3_1020m3g in baltimore

It seems like all the private rentals are gone, I've never dealt with a realtor.

Our household income is all disability, so even though we might barely hit a triple policy, it's all untaxed so we have higher buying power someone making this much taxed.

Baltimore has gotten even more expensive since covid too if you wanna stay in the county, even Dundalk is crazy high.

Tl;Dr

Worth a shot paying an application fee if you're only tens of dollars above the triple rent policies realtors ask for?

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[deleted] t1_j2qulzv wrote

[removed]

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Deadmanjustice OP t1_j2qurxi wrote

Almost every realtor property I see in Baltimore wants your household income to be triple the rent at minimum to be considered.

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trickery809 t1_j2r7vx1 wrote

I’ve only rented through a realtor/property management once, but, I was approved despite being slightly under the 3x income. They also look at credit score, and a multi-member household is generally preferred over a single person renter. I’d say go for it.

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[deleted] t1_j2rprpk wrote

So. Use a realtor but don't look at professionally managed properties.

The benefits of using a realtor is you have access to 90% of the rental market. They can tailor it to meet your needs

Private LLs are here. How you find them is word of mouth, driving around the neighborhood looking for handmade for rent signs.

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theSiegs t1_j2td051 wrote

You can also search for properties with rental licenses (at least in the county). This has the added benefit of screening out landlords who aren't legit.

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theSiegs t1_j2tcppz wrote

realtors don't manage the property, they just list them and show them. The listing agent represents either the owner or the owner's property manager. You can get your own realtor to show you places if you want to; I don't think it costs you anything.

You might be appealing to an owner because it sounds like your income is very reliable. If the rest of your application shows well, I bet many owners/managers would be fine with the income.

Also, there are a bunch of posts here you can find via search of people recommending various property management companies.

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