People will almost always choose to live in inner-city suburbs, because they want to be near all the amenities that a city has to offer. But there is usually a hefty price tag attach to being in close proximity to nightlife, food, entertainment and work.
The inner-suburbs is where rental stress is common, with the lion share of a tenant’s income allotted to be able to live where they do. What’s more, property managers will usually consider more kindly rental applications in which the prospective tenant is allotting no more than 30% of their income on rent.
Property managers and landlords alike don’t want tenants experiencing rental stress, so they must be sure that tenants are earning enough to afford essentials, etc.
If you are frequently experiencing difficulty in paying rent and living comfortably every month, you should talk with your current property manager and ask if they have another property a little further out of the city where it may be more affordable. Ask yourself whether you really have the financial capability to live where you are.
No matter if you are a tenant or a landlord and you are seeking more information in todays market, call Annette Pinkerton.