Struggling to Pay Your Rent? Here Are Your Options

If you are having a hard time paying your rent because of money troubles, you are not alone. It is important to act quickly to make sure you can stay in your home.

Here are some practical steps you can take to get help.
 

1. Call the Renter Help Line

Freddie Mac offers a special hotline for renters. You can call 800-404-3097 to speak with someone who can explain different rent relief programs. They can help you understand what options might be available based on your specific situation.
 

2. Talk to Your Property Manager

If you know you can’t pay your full rent, don’t wait. Contact your property manager right away. It is best to do this in writing (like an email or letter) so you have a record of the conversation.
 

1. Explain your situation clearly.
2. Ask if you can set up a payment plan to pay what you owe over time.
3. Discuss options for how you will handle future rent payments.

 

3. Look for a More Affordable Apartment

If you think you will continue to struggle with rent in the future, it might be time to move to a cheaper place. When looking for a new home, keep these things in mind:
 

• Moving Costs: Remember to budget for moving truck rentals and security deposits.
• Transferring Units: Check with your current management company to see if they have cheaper apartments available. Sometimes they will waive fees if you move into another building they own.

 

4. Find a Roommate

If you have an extra bedroom, getting a roommate can cut your rent and utility bills in half. Before you do this, read your lease carefully. Most landlords require roommates to sign a formal lease agreement and go through a background check.
 

5. Apply for Emergency Rental Assistance

Local and national organizations offer short-term financial assistance to help people pay rent during an emergency.
 

1. Contact your local housing authority.
2. Look for non-profit organizations in your area that offer "rent relief" or "emergency housing assistance."

 

6. Use Available Resources

Being an informed renter is your best defense. If you want to learn more about how much rent you can actually afford or how the renting process works, look for step-by-step guides provided by housing agencies to help you plan your next move.

Taking these steps early can help you avoid eviction and find a path toward financial stability.

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