Get to know your community

One of the many benefits of renting over buying is that rental apartment buildings are often located in mixed-use neighbourhoods with plenty of amenities. These are complete communities with grocery stores, parks, cafés, shops and restaurants. When moving into a building in a new neighbourhood, take some time to explore and get to know your community.

Walk the hood

Take advantage of walkable neighbourhoods by hitting the pavement and exploring. If you’re in a city, find local transit stops, community centres, corner stores and other hidden gems near your apartment.

If you want to find some green spaces, look for nearby walking paths, trails and parks. If you have kids or a dog, finding a good park within walking distance of your apartment is crucial!

Become a regular

Find a local café, sandwich shop, pub, bakery or restaurant and make it your home away from home. Get to know the owners and staff, and meet your neighbours to better connect to your new community.

By supporting local establishments and building relationships with local business owners, you can really find out what makes your neighborhood special. By finding a place that feels right, you can create a community within your community with like-minded folks.

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Contact us:
Gottarent.com Head Office
Address: 44 Frid Street
City: Hamilton, ON
Zip Code: L8N 3G3
Phone: 1-888-440-2099

The nitty-gritty of credit scores

For the most part, renting an apartment begins with an application process. Not only do you need to disclose your current income, but you also have to provide personal information such as your social insurance number (SIN). Your SIN is used to access your credit score.

Your credit score comes into play whenever you’re making large financial commitments, such as buying a car, applying for a loan or renting an apartment. For the latter, the property manager and landlord want to make sure that you can handle the monthly rent and that you don’t carry a lot of bad debt that would impede your ability to pay.

If you’re worried that your low credit score will reflect badly on your rental applications, consider doing what you can to improve your financial situation before applying. It’s important to note that you cannot fix your credit score overnight. You need to be consistent over a period of time for it to reflect positively.

Pay down credit cards (and bad debt)

While using credit cards is the easiest way to build credit, it can be the single cause of destroying it, too. It’s all about how you use credit that determines whether it’s an asset or a curse. First of all, use credit only if you can handle the debt load. This means use credit only if you can realistically pay your minimum balance (or more) down each month. If you can keep up with your monthly payments and aren’t relying on credit to live, you should be able to balance it.  

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Contact us:Gottarent.com Head OfficeAddress: 44 Frid StreetCity: Hamilton, ONZip Code: L8N 3G3Phone: 1-888-440-2099