The average rental price for a two-bedroom apartment in the Bay Area is $28,000, according to a new survey by real estate brokerage RE/MAX.
And while that may not sound like much, it’s actually more than twice the median household income for Bay Area residents, according the report.
The average rent for an apartment in San Francisco is $8,500.
And if you’re looking for a little more security, a two bedroom apartment in Seattle costs about $6,500 per month, while a three bedroom apartment is about $5,500, the study found.
The survey also found that renters in San Jose, a tech hub, pay more than $8 an hour, which is more than double the average hourly wage for a full-time worker.
There’s one thing you can do to save money in this market: use a credit card.
“We have a great range of credit cards available, including the Chase Freedom Unlimited credit card that offers free up-front payments,” a spokesperson for RE/Max told Vice News.
“And the most common credit cards are Visa, Mastercard, American Express, Discover and PayPal.”
So, even if you don’t have any cash in your bank account, you can use your credit card to pay for the apartment.
Here’s how to rent an apartment at a premium rate in the U.S.: 1.
Pay with cash to the landlord.
If you’re renting in San Mateo County, you’ll have to pay with cash, as opposed to a credit or debit card.
Renters in San Diego County can use the city’s cashless card, which charges 0.25% of the monthly rent.
Rent a two or three-bedroom in the San Francisco area, with a monthly rent of $9,600.
Choose a property manager who will not require a credit check.
You may be able to get a loan from a real estate agent who will only require a loan check once a year.
The city of San Francisco, for example, requires a $200 credit check every year for property management services, and that includes credit checks for all properties on the property.
Find a reputable credit union that will not charge a fee to pay a property management fee.
There are three credit unions that accept debit cards and credit cards, including Wells Fargo and Ally Bank.
The Federal Reserve Bank of New York also has a debit card that is good for paying property management fees.
Pay a property security deposit, which can cost between $300 and $1,200.
If a property doesn’t have a security deposit for a given time, the landlord can deduct the difference from the rent you owe.
If the property is a one-bedroom, the deposit will be $450.
If it’s a three- or four-bedroom unit, the tenant can deduct up to $1.25, according a realtor who works with renters.
Apply for a $1-per-month mortgage on the home.
You’ll pay a fee of $25 to $300 each month, depending on the size of the property, the amount of rent you’ll pay and whether the mortgage is one- or two-year.
It also must be a minimum of 60% owned by the tenant.
A $500 mortgage is also possible.
Check with the mortgage company to find out whether the rent is the minimum for a property.
If not, you could try paying with cash.
Pay the security deposit to the property manager.
You can pay cash with a credit union or a property loan manager.
RE/max is the most reputable, and RE/MAKETech, which also offers a credit and debit card, is also the cheapest.
Receive the security deposits in monthly installments, but don’t pay cash.
The landlord will have to notify you when the security is due.
The payments will be paid on or before the first day of the month, but they should be paid in full on or after the third day of each month.
Pay monthly maintenance.
If there are issues with the tenant, or the property doesn the property maintenance fee, you may be eligible for a rent payment assistance program.
For example, if the tenant doesn’t pay their rent, the rent could be considered part of the tenant’s income, and if you have to make a payment on the lease, you will be eligible to receive a payment.