Welcome WiseKit

If you’re a first time renter or a veteran renter, you can use our tools to help find and rent your next home. You can use our affordability tools to see if you can afford the place that you have your eye on.

What Can You Afford

Generally speaking, your housing shouldn’t be more than 30-33% of your income. They are talking about gross income, income before taxes, healthcare, child support, alimony and etc. We think calculating affordability based on gross is just not practical. Your rent is not before taxes. So why do they calculate it based off it? We feel that this is part of reason why renters bite off more than they can chew. Let's see>>>

Can You Afford It

You have a nice place that you are starting to fall in love with? Place that you can bring friends and family over? Ready to sign on the dotted line? Whoa! Time out. Let’s see if you can afford it! Let's see>>>

Looking For An Apartments

When looking for an apartment keep in mind that in most states they require first and last rent. Some states may let landlords require first, last, security. Some landlords will check your credit. You can check your credit for free from these sources:

You are allowed by federal law to see your credit history once per year. Some states, like Georgia, allows you to run it twice per year. Wise Renting does not have any affiliation with them.

 

Understanding a Lease

If everything checks out, the landlord will have you sign a lease. The lease can be a fixed leases or tenant at will. Most leases will renew automatically, provided that you pay and have not let your pets, family or guest damage the place. A fixed lease is a lease for a period of time. That can be a year or six months. This is good and bad. The good, the landlord cannot kick you out if he sells the place or jack your rent up. The bad is, if you move out before the lease is up, you might find yourself paying the balance. Some landlords will let you “break” the lease for a good reason. Reasons like, a divorce, loss of employment, your employers transfers you or any other reasons.

A tenant at will is a month to month lease. The lease “renews” each month. The good, you can move out with only 30 days notice. The bad, the landlord can raise your rent, or have you move out.

Moving In

When you get the keys, take photos of the apartment. Even if everything is in order, take photos. Save the photos to a hard drive, flash drive, CD or to a cloud service like Drop Box, SkyDrive, ShareFile or iCloud. Then when you move out, take photos again. This will come handy if you are faced in housing court or trying to get you deposit back.