Millennials are the up and coming generation of the business world. Employers hire young people because they are highly motivated and full of energy. They’re willing to go wherever their newfound careers may take them. And most likely, they’re tight on cash. It can be quite difficult for young professionals to find the right housing situation. They’re years away from becoming homeowners and aren’t ready to settle into a long-term lease apartment. But short-term leasing is a great option for young professionals who are always on the go!
What Are Short Term Leases?
Bedly apartments are great for young professionals. Bedly provides affordable, short-term housing for young people. Renters are able to stay for as little or as long as they want. This is a huge advantage for millennials. They can choose between a wide range of locations and price points when looking for a new apartment. There are no broker fees, no additional bills for utilities, and free wifi!! With only one monthly payment to worry about, Bedly renters can focus on pursuing their careers.
Why Short Term Leases Are Perfect For Young Professionals
Traveling has become very popular among young people. Spending money on experiences has become a trend. Airfare is the cheapest its been in almost a century, and everyone wants to take advantage of this rare opportunity. Young professionals want to explore their career in different cities. This is why they’ll opt for short-term leasing. They want the freedom to travel whenever and wherever without breaking a contract.
Nobody wants to get caught in a contract. Long-term leasing often requires the renter to commit to an apartment for at least a year. But people in their early 20’s and 30’s are still figuring out their future. Committing to a long-term lease means closing doors of opportunity. It’s important to be flexible early on in your career. This is a major perk of short-term leases. A new job opportunity could mean moving to a new city. With short-term leasing, there’s no need to worry about when and where you’ll find your next apartment.
Another perk of short-term leasing is that there are no broker fees. Broker fees can be a huge expense, sometimes nearing $3,000. That’s more than a whole month of rent! And this fee must be paid when the lease is signed. The cost of living in a big city isn’t cheap. Most young professionals don’t have an extra $3,000 handy to pay a broker. Luckily, short-term leasing makes it easy to avoid this overwhelming fee. When you work hard for your money, you want to treat yourself. Don’t let a broker cheat you out of your hard earned cash!
A great way to save money is by having a roommate! And young professionals love having friends close by. Renting a new place is much more affordable when you can split the cost with someone else. But it’s difficult to find a roommate willing to commit to a long-term lease. This makes the renting process even more difficult. It’s nearly impossible for a young professional to afford leasing out an apartment without a roommate to share the cost. Luckily with Bedly, there’s no financial pressure to find a roommate. You can rent a room just for yourself. Over time, you’ll acquire new roommates who are naturally compatible with your living style.
Renting a new apartment means facing a variety of challenges. There are financial and social obstacles to overcome. For some young professionals, long-term leases are just too expensive (especially if there’s a broker fee). Others don’t want to feel restricted because of a contract. Fortunately for millennials, there are great short-term lease options available. Bedly is the prime example of the short-term housing situation sought out by young professionals!