So Okay, I’m going to be honest, your boy Tommy Bryson got finessed with his first apartment. So at 24 in the span of 2 month I’ve already had two apartment in total.

So as they say, I took an L for the Team so you don’t have to. So if you are watching this video and you are thinking about moving out; in this video I’m gong to tell you exactly what to expect and what to avoid.

And if you stick to then end I’ll tell you the story about how I got finessed on my first apartment.

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1. Lets Break down the Facts first
Requirement for getting your first apartment
There are two very important things: Income and Credit

Step by Step:
Requirements:
Pay stubs ( most recent ) or a lot of money in a bank account– usually 23 times the rent ( this is a big deal but not that big of a deal )
Credit score ( debt to income ratio ) – its not important to have good credit, but its very important that yyou don’t have bad credit ( theirs a difference )
Application fee + Background fee

2. Things I Wish I knew

First: All Rents are not equal
Meaning what ever they tell you the rent is, that’s what they want to get paid but this is a conversion

Second: What you see is not what you get
So an apartment might look beautiful but then you come to find out once you leave their ( there are bunch of problems )
Always go physically to see the apartment or have a very detailed virtual tour with the leasing agent ( check plugs, toilets, kitchen equipment and everything )

Be a Detective : Location is important
Before I got this apartment where I am currently
spent hours looking at the area on google maps
I went personally in my car, and checked out the area to see how it was

Story: imagine getting an apartment and then finding out the neighbor has this crazy dog, or that the place you want to live isn’t that safe or it doesn’t make you feel safe

3. All the Mistakes I made:
I was Coming from a place of Weakness ( I was desperate to find an apartment )
Never tell them your real budget

I was Not patient:
So I didn’t study the apartment complete
Turns out the plugs had electrical problem, the bathroom was offcenter, and on my first week their it almost caused a fire

Over estimated the Benefits:
Costco is only 5m away ( but I only go once a month )
The gym is 7m away but would a 5m extra commute plus a $300 discount be worth it

Good News Today:
This apartment after following all my own rules
I negotiated down to $725 ( the apartment is bigger and better )
And the landlord all legit sweet hearts

2019 I made a video about what age should you move out ( and boy did I hear different answers )
Get me out has soon as its legal
To never move out and live in the basement
To my answer which was ( you move you when you build a foundation )
However you guys need to watch that video if you haven’t already

Link:    • What Age Should you Move out of Paren...  

SO today at age 24 I’ve literally moved out twice in less than 2 months
So I’m on my second apartment
And one thing I can tell you is that moving out is not fun
Its not cheap and did I mention is not fun

What are my actually tips:
Be Patient and do research
Don’t get into lease options beyond a year ( month to month sometimes is best )
Negotiate always

Idea only move out once you can afford to buy a property ( very dumb idea)

My answer then:
Don’t move out until you have passive income
Solid main income

In a lot of countries : people wait till they get married to move out

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I'm an Accountant but I'm not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.