To look for a new house is thrilling but only until you come to know about the waiting spell involved. Sitting beside your laptop, refreshing your email every five minutes after having applied for a rental, is self-explanatory. So How Long Does It Take to Be Approved for an Apartment? There are several factors affecting this answer, but generally, it could range from one to a few weeks. This period expeditiously progressed by ensuring your application is above and beyond the set of criteria the landlords are looking for.
Generally, it should take around 24–72 hours. However, if the application is complicated, the response may take a week or more. Here is the usual order, with each one happening tangentially:
And while a few lucky renters may receive a quick response, others may feel that they have stepped into a protracted waiting game, so let’s discuss what impacts the timeline.
The procedure may vary from one landlord to another. The managing organization will take more time for approval, not only because of the process but also due to their business cycle, in contrast to the private landlord who can quickly go over an applicant’s information.
One of the largest variables in deciding how long it takes for an apartment application to be approved is the background and credit check process. Landlords want the security that an applicant maintains financial responsibility and has a good rental history.
The landlords should verify the income of their would-be tenants. If they request the applicant to provide job confirmation, the likelihood of experiencing a delay in the application process is quite high. Tardiness occurs when employers are sluggish in giving information or are definite on their demands for any kind of further verification.
In a case where the same unit gets multiple applications, landlords may have a tougher time reviewing the choices. In competitive markets like New York or San Francisco, approval times are slower because several people apply.
An e-mail will determine the likelihood of approval, and waiting for it can be nerve-wracking. There are some secret ways to speed up the process.
Landlords love well-prepared applicants. Make sure you have:
Applying for apartments beyond your financial domain or falling short in any other credit requirement is just a recipe for a delayed process. It is prudent to remain open-minded about your possibilities if they will facilitate a quicker process.
A short follow-up email or phone call might just remind them of your interest and keep your application on their radar. But make sure you do not overpraise or look needy—there is a fine line between being proactive and harassment from the landlord.
A co-signer also comes in handy; he can become a referee for you before the owner when he questions your rental history or your credit score.
Even with the best preparation, delays can happen. If your application is taking longer than expected:
Getting rejected is frustrating, but it’s not the end of the world. If your application is denied:
How long does it take to be approved for an apartment? Most applications take a few days with some approved quickly while others have the possibility of being prolonged due to different factors. The best tip for a quick approval is to get ready way ahead of the appointment and stay responsive during the process.
In case you are on the lookout for something fancier, check out apartments in Aspen, CO. Happy renting!
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