The ‘Renting with a Roomie’ Rundown

By May 29, 2019Uncategorized

Renting with a roomie definitely boasts some big-time financial, social and group Netflix binge sesh benefits. But, what should you know before becoming contractually bound to another human for an extended period of time? Get out your notepads, folks; school’s in session…

Running a search for roomies

Honestly, we got you (for free)! Only one of you needs to slide into our DMs on Instagram or Facebook, or call/text (713-482-1323) us on the household’s behalf and our agents are good to go. Most of the Houston properties that work with us have rates for 2 bed/ 2 baths starting at $1400 and going up from there. When it comes to the apartment triangle (location, finishes and price), you typically can’t get the best of all three. So come to an agreement on which two are most important to both/all of you. Your Smart City agent will side text you to gather deets, find ALL the specials and provide a hyper-personalized list, and then help get you and your roomie(s) touring ASAP.

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Applying + getting approved

Renters are typically required to show that their monthly income is at least three times the rent. Luckily for roomies, that sum is split amongst incomes of all the names on the lease! If you’re hooked on a gorgeous unit that is tied to a special or concession (aka a DEAL, aka our forte), just confirm whether you’ll be approved on what the rate typically is (market rent), or if you’ll be approved on what the base rent is after the special is applied (effective rent). Believe us, it makes a difference! Last but not least, old friend or Craigslist roommate find, make sure everyone is in the clear for 3 things: rental history, credit history and background history. You don’t want to pay that application and administration fee just to be declined because of a seemingly minute detail!

Roomies: Making inner-loop-livin’ for close to $1k possible!

A few weeks ago, we took a pulse survey on Instagram and almost 80% of our responding followers said they would rather live inside the loop versus outside the loop. But, we can do you one better – renting with a roomie in Houston can make living inside the loop for less than or close to $1k very possible (say whatttt). Inner-loop 2 beds/ 2 baths with standard unit features starting rates for this time of year are:

  • Medical Center: $1450 ($725/roomie)
  • Uptown: $1650 ($825/ roomie)
  • Midtown: $1680 ($840/ roomie)
  • Greenway: $1700 ($850/ roomie)
  • River Oaks: $1750 ($875/ roomie)
  • Montrose: $1775 ($887/ roomie)
  • Heights: $1850 ($925/ roomie)
  • Downtown/ EaDo: $1990-$2300 ($995-$1150/ roomie)

There are also 3 bed/ 2-3 bath options available around the city and our agents have all the details on those properties readily available. The more roomies, the merrier!

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Let’s recap!

Location, finishes, price; pick your top two. Make sure collective income of everyone on the lease is at least 3 times the monthly rent. Double-check that everyone is in the clear re: renting history, credit history and background history. Reach out to us and let’s get you touring and moved in to your Smart apartment match!

Click here to get started!

 

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