Author: Kay Cleaves

Apartment hunters in Chicago have faced a tough market lately. The best apartments receive many applications within their first 24 hours on the market. While good landlords choose their renters on a first come, first serve basis, others say that they will choose the “best renters” out of their applications. In many cases, the best renters are not the ones who offer the most money - although that certainly helps! Rather, they are looking for reliable, quiet people with good jobs who are not likely to wreck the place.

So how do you prove that you're the best renter? How do you show that you're taking this apartment hunting thing seriously? Come prepared with a renter's resume! Just like the resumes you make when you're looking for a job, a renter's resume shows all of your experience in a tidy and concise format. However, instead of listing all of your work experience, you're going to be showcasing all of the qualities that make you an excellent human being. Continue reading Buff Up Your Rental Application with a Renter’s Resume

Your landlord must provide you with a smoke detector. If your apartment is connected to any room where fossil fuels are burned, they also have to provide you with a carbon monoxide detector. But the detectors they provide are usually the cheapest ones they can find at the hardware store. The batteries wear out frequently, they tend to give false alarms if you take a hot shower or burn your toast, and they're just generally not the best option available.

Fortunately, modern innovators have brought a lot of products to the market that are upgrades to the average $20 Home Depot special. Today we'll be featuring six options that renters can consider for their apartments that require little to no alteration to your apartment and won't break your budget.

Note: We have not been paid or contacted by any of the companies that manufacture these devices. We also haven't gotten our hands on any of them to test them, so this isn't a recommendation, it's just a list of options that we think are nifty.

Roost (getroost.com) - $35

This isn't really a smoke detector. Rather, it's a replacement smart battery for your existing detector. It's the same size and shape as a 9-volt battery. Stick it into your smoke or CO detector and it will gain the ability to communicate with an app on your phone over wifi, notifying you of any alerts. It's got a 5 year lifespan, too, which means it'll probably last longer than your lease. Continue reading Six Smart Smoke Detector Upgrades That Work in Apartments

Renters who want high end appliances without the corporate trappings of luxury landlords have recently turned to renting condominiums from private owners as an alternative. Other condo renters are seeking a more mature living environment away from the stereotypical rowdy young renters that live in traditional apartment buildings. Rented condos can offer them the fixtures and styling normally offered only to homeowners without the long term commitment and up front cost of a down payment and mortgage.

However, condos have their own unique problems that can make renting them a challenge. Unlike standard rentals which are usually run by experienced property managers, condo buildings are collectively owned by the residents. These residents may or may not have experience in taking care of big structures like multi-unit buildings. Like many situations where a businesses are run by volunteer committees, organization and communication within a condo building can be limited. I know that in-unit washer and dryer looks pretty sweet, but before you jump into renting a condo here are some questions you should ask of the agent, landlord or manager.

1. Is the landlord current on their assessments?

Owners of condominiums must pay into a general fund managed by the condo association, used for the upkeep of the common areas and exterior of the building. It's just like rent, but it's called an assessment. In some cases these assessments even cover utilities like heat and water. If your landlord isn't paid up on his assessments, he can be evicted by the association, and you'll go right along with him. Continue reading 10 Questions to Ask Before Renting a Condo

I spend a lot of time reading landlord-tenant discussion boards online. When you run a business like RentConfident, it goes with the territory. These discussion boards are full of tenants complaining and being dramatic about their terrible landlords and sub-standard housing. They like to use the term "slumlord," which someone decided at some point should be the extremely offensive equivalent of the "n-word" for landlords. And in some cases the tenants are totally right for complaining.

But they also tend to claim that they're being “evicted” on dubious grounds. And a lot of them have indeed been asked to leave by their landlords. But a lot of the time they're using the word “evicted” incorrectly. And when they do, the readers with legit property management experience giggle behind their screens at the obvious ploy for sympathy.

Eviction is an emotionally loaded term, and renters like to use it every time they are forced to leave an apartment at a time other than one that they chose themselves. For landlords, eviction refers to a very specific process: a courtroom trial followed by a visit from the sheriff. It isn't an eviction until the county judicial system gets involved.

According to Dictionary.com, eviction has two definitions:

Here are some situations that are legal, but not evictions:

• You're on a month to month lease and the landlord gives you one month's notice to leave, and that notice is received on the same day that your rent is due. Continue reading Renters, Your Landlord Is Laughing At You for Using A Word Incorrectly.

It costs a lot of money to buy an apartment building. Most landlords need to borrow money from a bank to buy them. But banks have a scoring system that they use to figure out how much money they'll allow landlords to borrow. Running an apartment building is a lot like running any other business. Banks know that businesses are likely to fail. When a landlord fails, the bank gets ownership of the building. Banks will only lend money to high scoring buildings so that they know that they'll be able to find a new owner quickly.

The way the banks score buildings includes the age of the building, the style of management and the surrounding neighborhood. This is one of the major reasons why you only see a few types of buildings in each neighborhood. Downtown will only have new high rises. The edges of town will only have old creaky walkup buildings. It also affects who is likely to buy each type of building.

Today we'll take a look at the four main scores a building can have, and who is most likely to own them.

Class A

Class A buildings are brand new, usually less than 20 years old. They have a lot of units, and lots of community features like gyms, pools and party rooms. They have professional property management on site at all times. They're located in very popular neighborhoods. They're probably high rises with many eco-friendly features. They usually have a fancy name, like Aqua or K2. Continue reading What Class is your Apartment Building? (and what does it say about your landlord?)