So there is no way I can find my own place to live without a job?

Question

Here is the situation, before anyone says I can't pay I have over $40,000 in my own personal bank account I can access anytime. I do not have a job at the moment because I intend to move, now when I get to where I am moving I can not rent an apartment, get a sublease or find any place to live even with over $40,000 just because I do not have a job?

Slickterp · Accepted Answer

You can pay all the rent for the lease term up front.  

If you have the savings, that will depend on the individual LL.

coraann · Answer

You are correct. It wouldn't matter how much cash you have in the bank, it could be gone the day after you were granted a mortgage or leased an apartment.
 A landlord or mortgage broker needs proof of your ability to pay rent or mortgage payments.
 Even if you prepaid the rent for as long as the $40,000 would get you, he still wouldn't rent to you,
 because he knows you need money for food, utilities etc,etc.
 Move into a hotel/motel until you get a job.Hopefully, you have a credit card.

? · Answer

Not true.  All landlords will accept an unemployed tenant who can pay the full year of rent upfront.
rent is 1k a month then write a check for 12k and you have an apartment.

Joseph the Second · Answer

I would Imagine you COULD find a Place to Lease or Rent- if You paid your Landlord "Up front."  It would Depend on the Rules & By-Laws of the Place you wanted to move IN-to...  :)

Vanilla Spice · Answer

If you can show that you have enough money to pay the entire term of the lease, then you may be able to negotiate for an apartment.

wg0z · Answer

false. with just a few exceptions, prepaying a years worth of rent should get you in ANYWHERE.

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So there is no way I can find my own place to live without a job?

6 Answers