Josh D
I was thinking I should save at least one years rent before I move out of home. What does anyone else living on their own in an apartment spend per month?
I should add that at my current job I'm making a little more than 1k per month, and rent should be around $450/mo.
Just paid off my car
Answer
You are moving out of your parents place? First, make sure you have a job and a car. Without, you will be stuck. If you rent a place, like an apartment, you will need a security deposit which is usually one months rent, plus, you will need the first months rent, so if you have a place that is $1000 a month, right there is $2000, just to move in. Then, you will probably have to put the electric bill in your name, that has a fee also, I am not 100% sure, but I would say about $50 to 80 for that. Then, if you decide to get a house phone, that also will require a set up fee, you have to pay the phone guy out to turn on your service. Its a rip-off, but you have to pay it to get it done. If you do cable, its not as bad as the phone, but some places also charge a fee for hooking it up.
As far as water, it will vary. If you are single, you will probably pay around $30 a month. Electric, will also vary, depending on if you use AC a lot. You might have a gas bill, depending on the kid of heat you have. That pretty much covers the bills. You will need to plan for food, typically $200 a month, and that is eating really light.
I live in Tampa, FL. I pay $860 for rent for a two bedroom apartment, close to 1100 sq ft. Electric is about $100, water $30. Phone was $75 and cable / internet was $80. My food bill was about $350 a month. My gas bill for my truck was about $120-150 a month, just because I live an hour away from work.
Hope this helps.
You are moving out of your parents place? First, make sure you have a job and a car. Without, you will be stuck. If you rent a place, like an apartment, you will need a security deposit which is usually one months rent, plus, you will need the first months rent, so if you have a place that is $1000 a month, right there is $2000, just to move in. Then, you will probably have to put the electric bill in your name, that has a fee also, I am not 100% sure, but I would say about $50 to 80 for that. Then, if you decide to get a house phone, that also will require a set up fee, you have to pay the phone guy out to turn on your service. Its a rip-off, but you have to pay it to get it done. If you do cable, its not as bad as the phone, but some places also charge a fee for hooking it up.
As far as water, it will vary. If you are single, you will probably pay around $30 a month. Electric, will also vary, depending on if you use AC a lot. You might have a gas bill, depending on the kid of heat you have. That pretty much covers the bills. You will need to plan for food, typically $200 a month, and that is eating really light.
I live in Tampa, FL. I pay $860 for rent for a two bedroom apartment, close to 1100 sq ft. Electric is about $100, water $30. Phone was $75 and cable / internet was $80. My food bill was about $350 a month. My gas bill for my truck was about $120-150 a month, just because I live an hour away from work.
Hope this helps.
How Do I find a Top Notch Tampa Property Management Company?
Q. How to I figure out who is good and who isn't
Answer
Ask them these questions - I found at www.NoVacancyNow.com - they are who I use for my rental house.
1.You are Never Charged Set-up Fees
Would you believe that most property management companies charge $250-$400 simply to set up your rental property in their system. I don't care what kind of property management software a company is using, it only takes 5 minutes to put your property in the computer. We are not going to charge you for this.
2.You Do NOT pay us if Your Rental Property is Vacant
This one isn’t as common but I know half a dozen management companies that actually charge you money when the house is not rented. We get paid when the property is rented, and you are making money and not before.
3.If Your Rental Doesn’t Rent Within 2 weeks, We Take Additional Steps Immediately
There are all kinds of reasons why a property remains vacant. If the rental doesn’t rent in 1 month, there is at least one thing wrong that must be fixed. I have never found an exception.
Perhaps the rent is a bit too high or the property wasn't as clean as we were led to believe. Sometimes, something goes wrong in or outside the rental after we turn it. One month, there was a dead cat in the driveway of two different houses. Sure enough, once we removed the deceased cats, both houses rented within 2 weeks. :)
At the two week mark of the rental process, Stress Free Property Management starts interviewing prospective tenants to find out why they didn't like the rental property. This feedback is immensely valuable. If we constantly hear the rent is too high than we can talk with you and make an adjustment. Or perhaps, we are not getting any calls whatsoever which often means the same thing.
Sometimes, the house just needs to be re-cleaned and perhaps one or two things need to be fixed. For instance, we had a house that sat vacant for several weeks and we drove out to look at it again. It turned out that because of a hard rain, the roof started leaking and there was a very large wet spot in the ceiling.
Click Here For a Free Property Management Quote
4.We are Entrepreneurs/Real Estate Investors and Not Realtors Looking to Sell a Home
We understand that the buck stops with us and creative solutions and flexibility are essential to get your place rented. Therefore, we have created dozens of ways to develop prospects for your rental property that have been tried and tested on our own rental properties.
For example, did you know that your best referral sources for a new tenant are people who live in a 10 block radius of your house? The typical rental sign by another property management company states, "For Rent" and a phone number.
We have learned that by including the number of bedrooms and baths, rent amount, deposit amount, and highlights about what is great about the house that 4 times as many people call on the sign in the yard.
Now, people in the neighborhood know exactly what type of rental you have available and at what price. This makes it very easy for them to pick-up the phone and call their friend whom happens to be looking for this type of 3bed/2 bath or 2bed/1 bath. It makes sense when you think about, doesn't it?
We have found dozens of these type of techniques that greatly increase how fast we rent a home or greatly decrease the cost of maintenance.
5.We actually have a bunch of our own rental properties!
Therefore we have a vested interest to get off our butts and negotiate the best rates for you for electricians, AC Repair guys, plumbers, roofers, etc. This is a total win/win. We get better rates because these repairmen work not only on our rental properties but several hundred other properties owned by clients like yourself. This means volume discounts.
Sure other management companies can negotiate low rates with vendors as well. What incentive do they have to make sure those rates stay low? We have got to meet our mortgage payments on our rental properties just like you. Believe me, we pay extremely close attention to costs.
For example, we have an outstanding plumber that charges $30 an hour and no mark-up on parts. Typical plumbers charge $85-$130 an hour and have at least a 300% mark-up in parts. We buy the parts on our own account and save you that money. This type of relationship and pricing exists for all of our outside vendors.
6.You Save a Ton of Money on Leasing and Advertising fees
Ask them these questions - I found at www.NoVacancyNow.com - they are who I use for my rental house.
1.You are Never Charged Set-up Fees
Would you believe that most property management companies charge $250-$400 simply to set up your rental property in their system. I don't care what kind of property management software a company is using, it only takes 5 minutes to put your property in the computer. We are not going to charge you for this.
2.You Do NOT pay us if Your Rental Property is Vacant
This one isn’t as common but I know half a dozen management companies that actually charge you money when the house is not rented. We get paid when the property is rented, and you are making money and not before.
3.If Your Rental Doesn’t Rent Within 2 weeks, We Take Additional Steps Immediately
There are all kinds of reasons why a property remains vacant. If the rental doesn’t rent in 1 month, there is at least one thing wrong that must be fixed. I have never found an exception.
Perhaps the rent is a bit too high or the property wasn't as clean as we were led to believe. Sometimes, something goes wrong in or outside the rental after we turn it. One month, there was a dead cat in the driveway of two different houses. Sure enough, once we removed the deceased cats, both houses rented within 2 weeks. :)
At the two week mark of the rental process, Stress Free Property Management starts interviewing prospective tenants to find out why they didn't like the rental property. This feedback is immensely valuable. If we constantly hear the rent is too high than we can talk with you and make an adjustment. Or perhaps, we are not getting any calls whatsoever which often means the same thing.
Sometimes, the house just needs to be re-cleaned and perhaps one or two things need to be fixed. For instance, we had a house that sat vacant for several weeks and we drove out to look at it again. It turned out that because of a hard rain, the roof started leaking and there was a very large wet spot in the ceiling.
Click Here For a Free Property Management Quote
4.We are Entrepreneurs/Real Estate Investors and Not Realtors Looking to Sell a Home
We understand that the buck stops with us and creative solutions and flexibility are essential to get your place rented. Therefore, we have created dozens of ways to develop prospects for your rental property that have been tried and tested on our own rental properties.
For example, did you know that your best referral sources for a new tenant are people who live in a 10 block radius of your house? The typical rental sign by another property management company states, "For Rent" and a phone number.
We have learned that by including the number of bedrooms and baths, rent amount, deposit amount, and highlights about what is great about the house that 4 times as many people call on the sign in the yard.
Now, people in the neighborhood know exactly what type of rental you have available and at what price. This makes it very easy for them to pick-up the phone and call their friend whom happens to be looking for this type of 3bed/2 bath or 2bed/1 bath. It makes sense when you think about, doesn't it?
We have found dozens of these type of techniques that greatly increase how fast we rent a home or greatly decrease the cost of maintenance.
5.We actually have a bunch of our own rental properties!
Therefore we have a vested interest to get off our butts and negotiate the best rates for you for electricians, AC Repair guys, plumbers, roofers, etc. This is a total win/win. We get better rates because these repairmen work not only on our rental properties but several hundred other properties owned by clients like yourself. This means volume discounts.
Sure other management companies can negotiate low rates with vendors as well. What incentive do they have to make sure those rates stay low? We have got to meet our mortgage payments on our rental properties just like you. Believe me, we pay extremely close attention to costs.
For example, we have an outstanding plumber that charges $30 an hour and no mark-up on parts. Typical plumbers charge $85-$130 an hour and have at least a 300% mark-up in parts. We buy the parts on our own account and save you that money. This type of relationship and pricing exists for all of our outside vendors.
6.You Save a Ton of Money on Leasing and Advertising fees
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Title Post: What added expenses will I find after moving away from home, and how much should I have saved?
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Rating: 94% based on 1258 ratings. 4,3 user reviews.
Author: Unknown
Thanks For Coming To My Blog
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