November 6, 2009, Newsletter Issue #165: Apartment Rental when Relocating

Tip of the Week

Many people who relocate to a new city opt to rent instead of buy a home or an apartment. The reasoning behind this is typically the move is short notice and there is no time to buy, or the people relocating want to first settle into their new city and make sure they like it before putting down roots and buying a home there.

If you are relocating to a new city and are looking to rent, you can still have a realtor help you with. Many companies offer corporate relocation packages and many of those will pay for you or your family to live in a rental unit for a specified period of time. Many companies work directly with apartment complexes to offer this type of deal and the company will share the information on how to rent an apartment as a corporate rental.

If you are relocating without company funds or relocating for a company who isn't working directly with a rental agency, you can either find a realtor who works with rental units or find rental properties on your own through an Internet search or websites that show apartment rentals in the area you are moving. Apartments that are rented for relocation purposes often come full furnished so you can place your furniture in storage while you settle in and look for a home. Most relocation rental apartments can be short-term or long-term, depending on what your needs are. You will need to speak to the apartment manager or rental agency to see what is offered at any apartments that interest you.

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