Apartments for Cheap

Questions and Answers

Your Questions About Cheap Apartments Rent No Credit Check

June 20, 2013

Mandy asks…

how much monthly would it cost to support a family of 2?

my wife and i are expecting soon, and she will be breast feeding, so formula cost is no matter. We were wondering how much on average feeding and supporting(toiletries and such) a family of two will cost.
we are looking at apartments with rents between 500-700 dollars FYI we know about the cost of the common sense items that a baby needs i.e. Diapers, clothes, ect.
no stupid answers

Administrator answers:

1. I say clip coupons all the time and buy sale items.

I once helped my family turn a $200 grocery bill into a $80 bill for scan and clipping coupons. Trust me it is worth it.

2. Put all coins in a jar then cash them in.

3. Buy out off season clothes for cheap at places like plato’s closet

4. Research sales online

5.research the lowest gas prices in your area (www.gasbuddy.com)

6. Have a set amount you put away if you have a job like 15%

7. Set financial goals

8. Rent movies from the library
______________________________________
SHOPPING RULES

1. Never carry credit cards

2. Make a list

3. Don’t carry all your money with you

4. Look at different store prices

Check out my blog. It has tons of money making ideas, saving tips, ways to score freebies , and discounts in detail. The link is under my profile.
You can create a blog too. You can generate money just ranting about your interests.

Lisa asks…

What is your best advice for saving money in New York City?

Administrator answers:

– Rent — give up on previous fantasies of living alone and/or in Manhattan. If you are in good health, you can probably find slightly cheaper rent in a high-floor walk-up apartment.
– Clothes — Century 21 (can get crazy crowded — try to go in the morning, and not during Xmas season), thrift stores, Kohl’s (in Bensonhurst, Brooklyn). If you have a favorite clothing brand/store, get on their email list so as to hear about sales, but don’t go to the store unless the sale is a really big one. If you need to buy a lot of clothes, say for a new job, consider a trip up to Woodbury Common outlet mall in the suburbs.
– Groceries — shop at the Greenmarkets, Trader Joe’s, ethnic markets like the places in Manhattan Chinatown or Brooklyn’s (Arabic) Atlantic Avenue. Don’t even go into a Gristede’s or D’Agostino’s. If you have multiple grocery stores in your neighborhood, take a notebook on your first trip and write down how much your favorite items cost, so that you can comparison-shop without trying to keep a lot of numbers in your head. Set a weekly cooking time — Sunday night works for many people — and cook several dishes then, to store and eat for lunch/dinner the rest of the week.
– Transportation — a monthly subway and bus pass is $81, and this is the best deal for most people. Don’t take a cab or car service unless necessary for safety.
– Eating Out — don’t! But if you can’t stick to this, at least keep it to inexpensive ethnic places, and don’t order alcohol in a restaurant.
– Drinking — if this is something you like to do, set a budget and stick to it. Many bars have happy hour until 7 or 8. Near Broadway and Astor Place in Manhattan there are two warehouse-style liquor stores where you can stock up on booze for the home relatively cheaply; look for similar places closer to where you live. Remember that drinking at home saves you not only on the drinks, but on cabfare home.
– Entertainment — if possible, make friends with musicians and actors so that free tickets rain down upon you. :) If not, remember that New York is a *starting point* for some of the world’s best performers, and you could go to 10 emerging artists’ small club shows for the price of one big star’s concert at Madison Square Garden, where you wouldn’t be able to see much anyway. (the same principle applies for theater) If you’re tempted by Hollywood movies, remember that two tickets to a $12 cinema show in Manhattan adds up to more than *buying*, much less renting, the DVD later. Check TimeOut New York and the like (as cited by a previous answerer) for the TONS of free events going on in town every day and every weekend.
– Utilities — you don’t need a landline phone. Cable is not a necessity, although some people find that having cable helps them resist going out for entertainment frequently. Heating bills will be lower in newer buildings (better furnaces and insulation) and on higher floors (heat rises).
– Other stuff — Make sure your money is in a bank with convenient locations, and NEVER pay an ATM fee. Sign up for renter’s insurance — it may seem like something you can’t afford, but in the event of a break-in, water leak, etc., you can’t afford not to have it. Use one credit card, pay it off every month, and make sure it’s earning you either cash back or miles/points that you will actually find useful.

Linda asks…

Moving out one year after high school?

Recently I have just turned 18 and planning to move out after the summer of freshman year in college. But I would like to know what I”m getting myself into. I’m going to have other roommates, maybe 2-3 other. I wanted to move into an apartment because it is cheaper, but i would also like to move into a house because it has more room and privacy. And it has a nice feel to it(:

But before i move i want to know what my plan is creating. I want to know what i have to pay and what i need to sign (contract, license, etc.)

Administrator answers:

The standard for renting an apartment is there is usually a security deposit, and you’ll have to pay first month’s rent and last month’s rent up front. Some apartments just do deposit and first month’s rent. The deposit is usually equal to about half of the monthly rent. So for a $1,000/mo apartment, you would have to pay anywhere from $1500-$2500 up front. You’ll have to sign a rental contract (READ THE CONTRACT. I know it’s long and boring, but it’s REALLY easy for unscrupulous landlords to screw people out of money when they’re not aware of contract obligations) and you might have to get renter’s insurance, depending on your landlord. They’ll run a credit check on all the lease holders before you rent. Don’t worry about having bad credit. Often, that means that you might have to pay an increased deposit or possible a non-refundable fee. I was in loan default when I rented my first place and it went fine.

House renting depends entirely on the person renting it out. Some people will only ask for you to sign a renter’s contract and pay first month’s rent, some people do the whole shebang. It’s up to them. Make sure you sign some kind of contract, however. It will protect you from being taken advantage of and it protects the landlord from damages you might incur. Again, read this thoroughly and make sure you have a copy of it within a week of moving in.

Make sure you thoroughly look at the apartment or house. Ask about length of lease (month to month, six months, or one year, usually) and the likelihood of rent increases as well as penalties for breaking the lease. Most of this will be in your contract, but it’s good to ask and confirm. Ask about what’s included in the rent. Some places include power, water, gas, garbage, sewer, etc. In the rent payment, some places don’t include any of it. Ask for a full tour of the apartment building so you can see where dumpsters and recycling bins are located, where you can do your laundry or park your car. Check that the appliances are in good working order and ask about heating/cooling. Look at the location and number of power outlets and see if the layout of the apartment/house will fit your needs and hold all of your stuff. If the landlord won’t give you a tour of the building and its facilities, DO NOT RENT from that person. If they’re hiding something, there’s usually a reason why. Ask about pets, as well, and what kind of deposit they require. Make sure that every answer you receive is printed somewhere in the contract.

Look at a few different places. Consider their location in the neighborhood and if they’re convenient to where you need to be everyday. Generally, the most expensive option is living alone. It gets progressively less expensive the more roommates you tack on, but it’s harder to find an apartment that has more than two bedrooms. Be sure you ask about maximum occupancy. Landlords are often limited by city regulations as to how many renters can occupy any given apartment.

It sounds like a lot, but a good landlord will go over all of this stuff with you and will show you where it’s written in the renter’s contract before you even think about signing anything. Take a list with you if you think you’ll forget something important or if the landlord forgets to cover something–they’re human, too, and are just as apt as anyone to forget a particular detail.

Good luck! If you have any other questions, feel free to email me. I’ve moved about 17 times since I turned 18 (and I’m only 24!) so I have quite a bit of experience with this kind of thing.

Maria asks…

how much should anyone pay for their apartment per month in los angeles california?

Administrator answers:

A low end one bedroom in the LA area will be around $1200, a low end studio about $800+, but not on the westside in an OK neighborhood, that will be more expensive, usually at least $300 more. (Anything much cheaper and you must check it out carefully, because those are about the allowed costs of Section 8 welfare apartments.) It will be a lot easier to find a one bedroom for $1500, and a studio for $1000, but that isn’t for anything upscale and/or in a desirable neighborhood, just a simple apartment, but there is more decent inventory at $1500 to $2000 for a one bedroom. An upscale one bedroom apartment can cost $4200 in Pasadena, even more in Santa Monica.

Exactly where you live will make a difference in price, the valley tends to be less expensive, the Westside expensive. Sometimes landlords will rent a unit at a bit under market, that’s to get the best tenants with great credit and rental history, that will stay for a long time. If you have bad credit or rental history, your options may be limited, also if you are under 21. Many landlords want to see income of 3 or 4 times the rent. Often it’s better to live alone in a studio apartment, as roommates bring lots of hassles and can cost you, and you don’t save that much as many landlords prefer one (non-couple) adult per bedroom.

Be careful about rental scams, there are a lot. Google: Los Angeles rental scams, and rental scams

Good luck!

Mark asks…

I’m 16 and I want to rent an apartment but what sort of things do I need??

The only thing I know is at the age of 16 I can live on my own in an apartment or something. But what sort of things will I need, like I know I cannot get a co – signer, so is there anything else I need or would I not be able to get an apartment because of that?

Administrator answers:

I’m not sure where you are located, but, unless you are legally emancipated by a State Court Ruling, you aren’t legal age to enter into a contract such as this until the age of 18 (at least in most States)

You would require an adult to co-sign for you, such as a parent or guardian.

As a landlord, I require a credit check (at 16 I would presume you have no real credit standing). And without an average or better credit rating, I don’t rent to anyone.

You would also need the 1st months rent and 1 month security deposit. In California that could be well over 2K dollars before you could even move in.

You would need electricity, gas, water etc…..and as a minor, most utility companies wouldn’t approve you without a large down payment or at least a co-signer to accept responsibility for your bills should you not be able to meet the commitments.

It’s not easy nor is it cheap to be out on your own.

Best of luck

Sandra asks…

Is the San Fernando Valley a good place to buy a house in the LA area?

After our 2 year lease is up we want to buy a house. When I say we I mean Kim and Me ( Kim is my Girlfriend ). And we want to know if its good or bad area. right now we rent a 1 bd 1 bath apartment in echo park

Administrator answers:

The San Fernando Valley is huge, so it really depends on where in the valley. There are nice areas in cheaper areas of the valley, like North Hollywood and Van Nuys (around Valley Glen area), but there are also rough areas, so you have to be careful. Sometimes the large commercial streets are ugly, but you can find some really cute neighborhoods off of those streets, with small houses on the low end from about $300,000 to $450,000. You can find cheaper out in the valley, especially condos, but be sure to check out the neighborhood carefully as some areas are quite rough. (And some areas are much more expensive, too.)

The prices have dropped quite a bit the last few years, not sure how much more they could drop, if at all, so it may be a good time to buy. (A few years ago a friend sold a small inherited home in NoHo, for a lowish price at the time, the new owner ended up selling it for about half a year later, which was close to market price then.)

It’s very tough to get mortgages now, you must have really great credit to get good rates, and the process takes longer than in the past. The banks are still very touchy about the appraisals, as they are worried property values might drop, so some buyers have problems getting the bank to approve the (reasonable) price of a house.

Buying as an unmarried couple can be problematic, holding title, getting a mortgage, etc, be sure to consult an attorney, it will be worth it. It costs a lot more to buy than lease, even if your payment + taxes is the same as rent, maintenance on a home can be very expensive.

Real Estate Listings:

http://www.movoto.com

http://www.realtor.com/

http://www.lalife.com/ (also safety info)

Home buying advice:

http://portal.hud.gov/hudportal/HUD?src=/topics/buying_a_home

http://www.calhfa.ca.gov/

http://www.hud.gov/buying/comq.cfm

http://www.wikihow.com/Buy-a-House

http://www.bankrate.com/

Good luck!

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