LinkedIn Profiles & Rising Rents: How to Hunt for a Home in a Landlord’s Market
Product News landlord's market, landlords, rental agreement, tenantIf you are looking for a home in cities like Bengaluru or Mumbai, chances are that you have been having some bad luck. Apart from the circus of juggling between different brokers, there are now landlords who want a CV that seems more demanding than a high-position job in a Fortune 500 company.
This makes it challenging to look for a home in a high-demand location. All too often we may be settling for less than the desired goal. ApnaComplex makes the process easier by taking the hassle out of this search. You can now search for your next home in a gated community with just a few clicks and benefit from end-to-end rental management services, including negotiation support.
Why is it a Landlord’s Market?
The residential property market has bounced back with a bang after a nearly two-year COVID slump. This can also be seen in the housing rental market where rents have gone up by at least 10%-20% across every major city. There are multiple reasons for this jump, including:
- People moving back to metros as offices open up
- It’s a long overdue correction on rent hikes
- A lagging supply coupled with high demand means that landlords can dictate their terms.
You can read our article on the rental boom to understand the factors driving the demand and why it’s here to stay.
Tips for Scoring a Rental
It helps to be prepared in a highly competitive rental market. You can ease the effort of finding a home by being smart and strategising ahead.
- Keep your paperwork ready. This can include bank statements and references
- Make sure you have enough funds to make the security deposit. This should be available at short notice.
- Have realistic expectations. Do some research on prevailing rental rates to estimate how much you may have to pay.
- Keep your references ready. This can include testimonials by employers, past landlords, and other trusted sources.
- Put your best foot forward. It’s not unusual for landlords to ask for an interview or call before finalising a tenant. Make sure you are ready to make your case.
- Search ApnaComplex to find the best options.
Finding a Home with ApnaComplex Rentals
Now, you can easily find your next home with ApnaComplex Rentals. The easy process allows you to look for a home in a gated community. You can find a verified landlord and get extensive support in finalising your rental home.
- Search for home by your preferences
- Go through extensive property listings
- Submit your details
- Get access to gated communities in the ApnaComplex network
To help tenants in a competitive rental market, Estate Portfolio Managers (EPMs) manage end-to-end rental requirements that include rent negotiations, helping both landlords and tenants to reach a mutually beneficial agreement. With KYC and background checks, they also help tenants in assuring landlords of their dependability. As a trusted and verified platform, ApnaComplex Rentals creates a smooth and fast funnel to source and finalise homes.
Tenants can also benefit from discounts on a wide range of home services, including movers and packers, cleaning and pest control services. In short, they can meet all their needs, from finding a home to leading negotiations and moving in, on a single platform.
Learn more about navigating the landlord market in our article here. If you want to know more about ApnaComplex Rentals, write to us at rentals@apnacomplex.com.