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14
Apr 16

Am I Ready to Rent?

There are alot of options available for prospective tenants for housing in West Lafayette and Lafayette Indiana. We suggest people looking for housing to ask themselves the following questions before they start looking.

    Why am I moving?

Landlords may ask this. Do you have a good reason to move from where you are now? Moving is not only time consuming and is a hassle to make all the changes but it cost money too.

    Can I afford a security deposit typically equal to the rent?

A security deposit is typically due at the time the lease is signed and may be required to hold the apartment while your application is being processed.

    Can I afford rent and utilities?

Landlords have different income requirements but many of them require you to make 3 times the rent monthly. They will require proof of income which a check stub or job acceptance letter. Consider the utilities that you have to pay. Before you commit, call the utility companies and ask what the average utility cost is for the exact apartment you are consider moving to. Cost varies per apartment. You want to be prepared to pay for utilities.

    When do I need to move?

This is important so you can search for what is available for the time you need to move. You need to ask leasing reps when their unit will be available. Give yourself at least a month to find something. If you are a student looking for a place within walking distance to campus, you need to look several months in advance because landlords typically start leasing in October for the following school year. This is 11 months before school starts!

    What kind of amenities do I require?

Amenities are useful features about a place or community. Washer & dryer, fireplace, walk-in closets, dishwasher, carport or garage, club house, pool, workout room are a few amenities places can offer. Keep in mind; the more amenities the higher the rent. Determine what you must have vs what are your wishes.

    Do I have pets?

Many landlords or apartment communities have pet restrictions. You will need to make sure you understand their pet restrictions when looking for your new place.

    Can I commit to a lease term of typically 1 year?

If you can’t or may have to break your lease, make sure you know their policies for terminating your lease early. Breaking your lease can cost alot of money and can set you back if you are not prepared for it.

    How do I feel about having neighbors?

Consider your habits and your likes and dislikes about people living around you. Do you consider your habits a little noisy or do you have little tolerance for noisy neighbors? Consider living in a single family home, duplex, townhouse (2 floor apartment) or upstairs apartment if you want things quieter. Check out neighborhoods or before committing to a place, drive by during the evening or weekend to see what people are like in the area.

    We are here to help you.

O’Neil Property Management has a variety of places. You want something affordable and basic. We got it. You want something with more amenities. We got it. You want something very spacious and nice. We got it. Give us a call and see what we have available that fits your needs. We are here to help you find your next home.

29
Mar 16

How we got started.

In our humble beginning we got into property management because of a family member had purchased property and needed someone to manage it for him. Tony O’Neil worked in real estate and got his broker’s license which is required to management property in Indiana. He and his wife Monica officially opened for business in May 1990. We gradually picked up more and more properties from people who want to have investment properties but do not want to handle the maintenance, leasing and other duties that come with rental properties.

Property management is not an easy job as we soon found out. Most of the time we feel we can’t get away from it; working evenings, weekends and being on call 24/7. We have always strived to provide great customer service to our residents while serving to the owners who expect a level of return on their investment. It is a balancing act.

Even when you have grown to having a full maintenance crew and an office staff, time and organization seems to be in short supply. We currently manage about 440 apartments and houses in the greater Lafayette and about 25 office suites. We have a variety of places people call home.

What we have learned over the years is you have to have a genuine attitude of wanting to help people in this business. Each day brings new situations and new people.

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