Essential Tips for Off-Campus Living in 2013
K
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Off Campus Living 2013
O
V
E
R
V
I
E
W
Homework
Smart Tenants
Good Realtors
Good Landlords
The Search
Q
U
I
Z
#
1
:
F
i
r
s
t
T
h
i
n
g
s
F
i
r
s
t
•
Who will I live with?
•
How many bedrooms?
•
Know your neighborhoods?
•
Need parking?
•
What’s my monthly budget?
•
Academic/coop schedule?
•
Do I have a co-signer?
Q
U
I
Z
#
2
:
V
o
c
a
b
u
l
a
r
y
•
Landlord
•
Lease
•
Addendum
•
Property Manager
•
Tenant
•
Realtor
•
Broker Fee
•
Security Deposit
Q
U
I
Z
#
3
:
B
e
f
o
r
e
y
o
u
L
o
o
k
.
.
•
Plan finances: First/Last/Security/Broker fee
•
Locate co-signer
•
Pick roommate(s) carefully!
•
S
t
a
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d
a
r
d
L
e
a
s
e
:
A
u
g
u
s
t
1
-
J
u
l
y
3
1
•
Is subletting in your future?
•
Review your financial aid award
•
Unfurnished is the norm
B
U
D
G
E
T
P
i
e
c
e
s
Monthly Costs
•
Rent
•
Utilities - electricity, hot
water, heat
•
Transportation – gas,
parking
•
Cable, internet
Upfront Costs
•
First month rent
•
Last month rent
•
Security deposit
•
Broker fee
•
Furniture
•
Installation fees
•
Moving expenses
B
O
S
T
O
N
S
t
u
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e
n
t
N
e
i
g
h
b
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r
h
o
o
d
s
Most Popular
•
Allston / Brighton
•
Fenway
•
Kenmore/Fens
•
Mission Hill
•
Roxbury
•
South End
Near-by
•
Brookline
•
Cambridge
•
Hyde Park
•
Jamaica Plain
•
Malden
•
Somerville
S
M
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a
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i
r
R
I
G
H
T
S
•
Inspect the apartment
(Housing code checklist
)
•
Check city’s rental inspection records
•
Know who’s the Landlord
•
How many occupants?
•
All names on the lease?
A
S
M
A
R
T
T
E
N
A
N
T
…
L
o
o
k
s
f
o
r
a
S
A
F
E
H
o
m
e
•
Clean & Sanitary Working Smoke & Carbon
Monoxide alarms
•
Solid Door; good door & window locks
•
Secure, locked Lobby
•
Outside lighting
•
Secure access from alley or roof?
•
Walking route to/from campus
•
Proximity to public trans?
A
S
M
A
R
T
T
E
N
A
N
T
…
H
o
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d
s
u
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e
i
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n
d
•
Understands Lease & addendum
•
Prepared to follow the rules
•
Familiar with City law & housing codes
•
Lack of understanding is not an excuse
G
O
O
D
R
E
A
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T
O
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A
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O
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D
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A
L
T
O
R
…
.
•
Lists on Off-Campus Housing site
•
Listens to & answers your questions
•
Responsive to preferences
•
Explains fees
•
Good survey marks
•
Passes the “
gut test
”
A
G
O
O
D
R
E
A
L
T
O
R
…
.
P
r
a
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i
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s
S
t
a
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d
a
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d
s
•
Up-to-date real estate license
•
Written list of services/fees/due dates
•
Complies with state & local housing codes
•
Good standing with Better Business Bureau
•
Shows actual, available properties
•
Physical office location
•
(Good Practice Standards)
R
E
N
T
A
L
A
P
P
L
I
C
A
T
I
O
N
•
Allows landlord to
conduct credit and
background check on
you & co-signer.
•
Basis on which
decision is made to
rent the property to
you.
•
Employment
•
Income
•
Credit Reference
•
Social Security
•
Driver's Registration
•
Past Evictions
•
Bank Accounts
•
Personal References
B
R
O
K
E
R
o
r
F
i
n
d
e
r
'
s
F
E
E
•
Most realtors in Boston charge a fee
•
Try to negotiate!
•
ONLY a licensed real estate agent can charge
•
Rental Brokerage Fee Disclosure form
•
For services rendered securing you an apartment
•
Agree to pay fee for apartment shown
by specific realtor
G
O
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L
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!
•
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.
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.
•
Read CAREFULLY; Accept or make changes
BEFORE
signing!
B
E
F
O
R
E
S
I
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N
I
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T
H
E
L
E
A
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E
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G
o
o
d
L
a
n
d
l
o
r
d
…
•
Name, address, contact info for repairs
•
All “promises” about changes or repairs
•
Amount of rent and date due
•
Includes all names on lease
•
Good survey marks
T
H
E
N
I
T
T
Y
G
R
I
T
T
Y
The Apartment Search
R
E
C
O
M
M
E
N
D
E
D
T
I
M
E
L
I
N
E
J
a
n
u
a
r
y
•
Do your Homework
•
Talk to Family (co-signer)
•
Identify Roommate(s)
F
e
b
r
u
a
r
y
•
Go to Apartment Fair; Select Realtor
•
View apartments
M
a
r
c
h
-
M
a
y
•
Sign Lease
T
o
p
T
e
n
R
e
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t
a
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T
i
p
s
#
1
0
S
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-
S
e
e
a
w
i
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e
v
a
r
i
e
t
y
o
f
apartments don’t rush it!
#
9
U
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A
P
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#
8
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#
7
F
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a
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&
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-
m
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!
!
#
6
T
A
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T
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C
U
R
R
E
N
T
T
E
N
A
N
T
S
-
N
o
o
n
e
knows more about apartment or landlord
than current tenants.
#
5
A
L
L
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E
N
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T
S
O
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T
H
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L
E
A
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–
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a
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e
,
no rights!
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i
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s
#
4
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.
#
3
G
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#
2
T
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H
B
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S
–
D
o
e
s
y
o
u
r
lifestyle match the family, professional or elder
who may live next door?
#
1
I
S
I
T
S
A
F
E
?
Local government requires all rental units be
inspected and meet State
Sanitary Code.
Helpful information and guidelines for students navigating off-campus living in 2013. Topics cover smart tenancy, budgeting, neighborhood choices, rights and responsibilities, and safety considerations. Prepare for your move with quizzes, budget breakdowns, and insights on finding the right rental property.
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Presentation Transcript
KNOW BEFORE YOU GO Off Campus Living 2013
OVERVIEW Homework Smart Tenants Good Realtors Good Landlords The Search
QUIZ #1: First Things First Who will I live with? How many bedrooms? Know your neighborhoods? Need parking? What s my monthly budget? Academic/coop schedule? Do I have a co-signer?
QUIZ #2: Vocabulary Landlord Lease Addendum Property Manager Tenant Realtor Broker Fee Security Deposit
QUIZ #3: Before you Look.. Plan finances: First/Last/Security/Broker fee Locate co-signer Pick roommate(s) carefully! Standard Lease: August 1- July 31 Is subletting in your future? Review your financial aid award Unfurnished is the norm
BUDGET Pieces Monthly Costs Upfront Costs Rent Utilities - electricity, hot water, heat Transportation gas, parking Cable, internet First month rent Last month rent Security deposit Broker fee Furniture Installation fees Moving expenses
BOSTON Student Neighborhoods Near-by Most Popular Allston / Brighton Fenway Kenmore/Fens Mission Hill Roxbury South End Brookline Cambridge Hyde Park Jamaica Plain Malden Somerville
SMART TENANTS Rights, Responsibilities, Good Neighbor Tips
A SMART TENANT Understands their RIGHTS Inspect the apartment (Housing code checklist) Check city s rental inspection records Know who s the Landlord How many occupants? All names on the lease?
A SMART TENANT Looks for a SAFE Home Clean & Sanitary Working Smoke & Carbon Monoxide alarms Solid Door; good door & window locks Secure, locked Lobby Outside lighting Secure access from alley or roof? Walking route to/from campus Proximity to public trans?
A SMART TENANT Holds up their end Understands Lease & addendum Prepared to follow the rules Familiar with City law & housing codes Lack of understanding is not an excuse
GOOD REALTORS Ethical Behavior, Standards & Expectations
AGOOD REALTOR. Lists on Off-Campus Housing site Listens to & answers your questions Responsive to preferences Explains fees Good survey marks Passes the gut test
A GOOD REALTOR. Practices Standards Up-to-date real estate license Written list of services/fees/due dates Complies with state & local housing codes Good standing with Better Business Bureau Shows actual, available properties Physical office location (Good Practice Standards)
RENTAL APPLICATION Allows landlord to conduct credit and background check on you & co-signer. Employment Income Credit Reference Social Security Driver's Registration Past Evictions Bank Accounts Personal References Basis on which decision is made to rent the property to you.
BROKER or Finder's FEE Most realtors in Boston charge a fee Try to negotiate! ONLY a licensed real estate agent can charge Rental Brokerage Fee Disclosure form For services rendered securing you an apartment Agree to pay fee for apartment shown by specific realtor
GOOD LANDLORDS Clear Lease Terms, Survey data, References
THE LEASE A legal binding contract between landlord and you! One year contract standard is Aug 1-July 31 Tenant at Will no fixed term; landlord or tenant can terminate with 30 day notice. Addendum special terms or agreements added to lease. Read CAREFULLY; Accept or make changes BEFORE signing!
BEFORE SIGNING THE LEASE A Good Landlord Name, address, contact info for repairs All promises about changes or repairs Amount of rent and date due Includes all names on lease Good survey marks
THE NITTY GRITTY The Apartment Search
RECOMMENDED TIMELINE January Do your Homework Talk to Family (co-signer) Identify Roommate(s) February Go to Apartment Fair; Select Realtor View apartments March- May Sign Lease
Top Ten Rental Tips #10 START EARLY- See a wide variety of apartments don t rush it! #9 USE APARTMENT HUNTING CHECKLIST #8 UNDERSTAND YOUR RIGHTS
Top Ten Rental Tips #7 FIND a REALTOR & LANDLORD you TRUST If you get a bad feeling- move on!! #6 TALK TO CURRENT TENANTS- No one knows more about apartment or landlord than current tenants. #5 ALL TENANTS ON THE LEASE no name, no rights!
Top Ten Rental Tips #4 NO MORE THAN FOUR- Some cities do not allow more than 4 undergrads living together. #3 GET EVERYTHING IN WRITING and receipts for ANY money you pay.
Top Ten Rental Tips #2 THINK ABOUT NEIGHBORS Does your lifestyle match the family, professional or elder who may live next door? #1 IS IT SAFE? Local government requires all rental units be inspected and meet State Sanitary Code.
