Murfreesboro rental homes are hard to come by. Prices keep inching up and the availability and getting qualified keep getting harder. Investors have flooded the market and they control much of the rental inventory as well as rates and their qualification process can be difficult.
If you are anticipating a move to a rental home, there a few things to be aware of. First, your credit score needs to be in excess of 625. If you are lower than that, then work on cleaning up your issues. Secondly, you need to be free of a criminal background. They will be looking for murder, rape and violent crimes as well as meth convictions. Third, your income needs to be 3 times the rent. Some company's look for 3.5 times income to rent. So, for a $1000/month rent you need between $3,000-$3,500 coming in. These are the needs for a rental home in Murfreesboro. Fourth, rental home prices in Murfreesboro have increased considerably.Be aware, Property management companies are returning a profit to the owner of that property. They will do whatever is necessary to give the owner back as much money as possible, not to mention that they will justify their existence. In Murfreesboro, the average rental property is $1,280/month. That's for a 3 bedroom 2 bath.
Finally, to qualify for a rental actually puts you in position to buy a home. If you are thinking about renting call us to possibly buying. We have lenders we work with that help renters buy and we can give you a game plan!