Planning Beginner: Renting an Apartment

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1.
It is possible to negotiate the rent on an apartment.
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True. Though not all landlords do, some are open to negotiating if it will help them rent a unit.
2.
"Renting and investing the difference" means _______.
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Renting instead of buying, and putting the estimated difference into other investments. In this way, renters can build up other forms of equity.
3.
Renters must pay property taxes.
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False. Renters do not pay property taxes; that is an advantage of renting. However, the rent price likely factors in ownership costs, such as property taxes.
4.
If you have bad credit and you want to rent an apartment, _______.
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You may be refused. Many landlords will turn down renters with bad credit even if the rest of their finances and rental history are good.
5.
Owning a home is a certain way to build equity.
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False. Though it usually does, that is not always the case. Sometimes home prices drop, wiping out equity.