Renter's Guide for Metro-Detroit

Step-By-Step Guide to Help You Navigate the Process of Renting in Metro-Detroit

Step 1: Secure a real estate agent specializing in rentals

• Interview agents: Look for a real estate agent who is experienced in the rental market. Not all agents focus on rentals, so it is important to clarify their expertise. A good agent will listen to your needs, be responsive, and offer valuable insights.

• Discuss fees: Clarify the payment structure with your potential agent. In many rental transactions involving a realtor, the property owner (the landlord) pays the agent's commission. 

Step 2: Prepare your rental application documents

Before you begin your search, have all your necessary documents prepared to ensure a smooth and organized application process. Common requirements include: 

• Completed rental application form.
• Proof of income, such as recent pay stubs or bank statements.

• Copy of your driver's license or other government-issued identification.

• Previous landlord and employment references.

• Last two years of tax returns (in some cases). 

Step 3: Begin your rental search

• Define your criteria: Work with your agent to narrow down your search. Consider factors like neighborhood character, commute times, and access to public transportation.

• Search online platforms: Websites like Realtor.com and Apartments.com provide listings that agents use. Your agent will also have access to the Multiple Listing Service (MLS), which provides the most current information on available properties.

• Tour properties: Your agent will help schedule and accompany you on tours of potential homes. For older homes, check for potential issues like water damage, pests, or outdated wiring. 

Step 4: Understand the application and screening process

• Submit your application: Your agent will help you submit a complete application package. A real estate agent who deals with rentals will be familiar with the necessary disclosures and local regulations. In Metro-Detroit, Fair Chance laws require landlords to conditionally accept an applicant before running a criminal background check.

• Pay the application fee: Expect a non-refundable application fee ($25–$50) to cover the cost of running credit and background checks.

• Prepare for screening: Property managers will typically verify your identity, employment, rental history, and review your credit and background checks. A good credit history and proof of steady income are key to a successful application. 

Step 5: Review and sign the lease

• Agent review: Your agent will review the lease agreement with you to ensure you understand all terms and conditions, including rent payment, security deposit, maintenance responsibilities, and any rules.

• Security deposits: In Michigan, security deposits are typically equal to one or one-and-a-half months' rent. The landlord must place the deposit in a financial institution and provide the tenant with the name and address of the institution.

• Finalize the lease: Once you understand and agree to all terms, you can sign the lease agreement. 

Step 6: Before and after move-in

• Inspection: Before moving in, do a walk-through with your agent and landlord to document the property's condition. Take photos and note any pre-existing damage to avoid being charged for it later.

• Utilities: Clarify with your landlord which utilities are your responsibility and set them up before your move-in date.

• Renters insurance: Landlords often require you to purchase renters insurance, which typically costs $10–$20 per month

Christine has over 20+ years of rental experience in tenant placement and property management. Contact her today to start your search for a new place!