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Rental Report: Top Questions Renters May Forget To Ask

Rental Report

Editor’s Note: This biweekly sponsored column is written by Rick Gersten, founder and CEO of Urban Igloo, a rental real estate firm that matches up renters with their ideal apartments, condos or houses. Please submit any questions in the comments section or via email.

You found a great apartment in your budget in a great location. Then, on your first morning in the place, you wake up to a barking dog. You didn’t hear that dog during your tour.

Now what? Well, there’s not much you can do after the fact, but on the front end there are several things to think about that you might not consider. Here are our top recommendations for additional questions to ask when looking at a potential rental:

Is it noisy? Let’s face it, city living isn’t quiet. But there are some places that are noisier than others. When you look out the window, what do you see? Is there a dumpster down below?

That means you may wake up to the trash truck banging and beeping a few days a week. Are you on top of some retail or restaurants? Check to make sure you don’t overlook the loading dock if you’re looking for peace and quiet. If you get a chance to talk with potential neighbors, ask them about any odd noise you might not know about.

What about the heat and A/C? In some buildings, the units are on shared systems. Find out when they turn the heat on for the winter or A/C for the summer. If it isn’t shared, then is it electric, gas, or radiator? Do the apartments have window A/C units?

Find out when they install or remove the units for the season. Same goes for the water heater. Does your unit have an individual water heater or is it shared?

What about odd smells and fresh air? OK, this is a strange one, but check the area around your building. Is there a water treatment plant nearby? If so, you can expect some unpleasant smells coming through the window. Are you near a power plant? What are the environmental considerations that go with that? Maybe the apartment is above a restaurant or bar. Will you like the smell of food every day? What about folks smoking outside — will it come in to your unit?

What about cell signal? It seems like anywhere in a city should have cell signal these days, but that is not necessarily true. Take a look at your phone, and make some calls. Some areas of the building may be better than others, so make sure you check in the unit you will be renting. You don’t want to have to hang off your balcony just to make a call.

This is just a short list of a few things some folks don’t think about in the excitement of finding a place they really like. Take a little extra time after you learn about the amenities and neighborhood to be sure the actual unit you are leasing is going to work for you. It can save a big headache later.

Community discussion guidelines: Our sponsored columns are written by members of the local business community. While we encourage a robust and open discussion, we ask that all reviews of the businesses — good or bad — be directed to another venue, like Yelp. The comments section is intended for a conversation about the topic of the article.

Don’t Settle for Student Loans to Pay for Online Education

Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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