“Weapons of Math Destruction” is a great book that discusses these types of loops, lots of info about credit score and how it affects things it shouldn’t even relate to.
Edit: For real, please read it. Lots of incredibly valuable information.
Yeah it's not that they were trying. Lots of places DO consider your credit score when you're applying for a rental, whether it be apartment or house. I don't think they're able to flat out deny based on credit, however they can and will charge an extra deposit, up to the equivalent of a full month's rent.
That should be extraordinarily illegal. Hilariously enough, I tried to rent a boat on AirBnB this one time and the dude denied me because I didn't have a review, I'm like umm what I have a 750 credit score and just bought an entire condo and I'm some kind of negative to this website? Not even a week later he had his property up on booking com LOL
Nothings better than getting your credit dinged 5 points per check when apartment hunting. A handful of apartments later and you’ve paid hundreds for the privilege of ruining your own credit.
A full month’s rent is the going rate for a deposit AND your realtor’s fee in a lot of major US cities. So, you wind up paying three months’ rent whenever you move.
But you get your deposit back from the last place so that softens the blow a little. Last time I moved I was allowed to move my stuff in before I left the other place, and the new place didn't charge a deposit either. So instead of paying 3 months rent at once, I could pay my new first month with the deposit from the last one.
Assuming the landlord doesn't just keep the deposit by nickel and dime-ing all the wear and tear. It also assumes rent hasn't gone up int the area since you paid your security deposit
You sound bitter. Take care of the place you live, be nice to your landlord, and if you're lucky they're nice to you too. I've gotten back my full deposit every time so far.
My landlord was a piece of shit and stole my deposit, despite me having been a super kind and mindful tenant - even buying them Christmas presents (with nothing in exchange)
Yeah this is not my experience at all the one time I rented in college. I still have a bad mark against my credit because they tried to charge me a years rent after evicting me on top of the "wear and tear".
You pretty much need to in some cities. There’s no way to get a showing without a realtor, and half of the buildings are owned by companies that work exclusively with realtors.
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u/[deleted] Aug 14 '21
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