What should I know before my tour?

Be prepared to apply if you love the apartment!

A good rule of thumb to remember when it comes to your budget is that landlords typically look for a total annual income that is at least 40X the rent. For example, if the rent is $2,000 per month, then most landlords will require $80,000 of total annual income (in New York City).

Stake works with various property owners that may have different requirements, but these are good documents to have on hand and ready to email:

Property operators also may charge an application fee to run a credit/background check.

If they approve your application, you should typically expect to provide a security deposit, first and last month's rent at lease signing.

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