Glyn Ramsay. Home Design. December 29th , 2017.
The first area that the best Apartments in Dallas check is your income qualifications. They almost always require that you earn three (3) times whatever your rent amount is. Other cities and states may require that you earn 2.5 times, or even 3.5 times the rent amount, but almost all properties across the board in Dallas check to see that you earn 3 times minimum. For example, if your rent is $1000, they want to see proof that you earn at least $3000 a month. You can provide this proof of income in the form of paycheck stubs. If you are self employed, you can provide bank statements and the most recent years tax statements. If you are new moving into the Dallas area and have been transferred from your job, or you are just starting a brand new job, you can provide a letter from your employer on company letterhead from the HR department or the hiring manager. The letter should state that you are being relocated and what your income will be.
Be realistic about what you can afford. Most apartment renting guides suggest that your rent should not be more than 25% to 30% of your income. This can vary depending on the income bracket, but be sure to be "real world" when budgeting additional apartment expenses such as heating and air conditioning and other utilities. If you fall short of affording the apartment of your choice, you might consider sharing an apartment with a roommate or roommates. Keep in mind that living with roommates can help you afford an upscale apartment or even, in some cases, luxury apartments, but it also has extreme restrictions to your privacy.
For instance, In Houston, located only 239 miles away from Dallas, there are some apartments that consider your debt and your debt to income ratios as well as Social Security fraud history, when checking your Application. These are items that are never checked by Dallas apartments when they run your Application. Also, Dallas is more lenient than Houston when doing a criminal background check when it comes to fraud and financial crimes. Several apartments in Dallas will still work with you if you have a misdemeanor or felony in those categories, whereas in Houston these two areas are almost always causes for denial of your application.