Are you looking to apply for a rental property, but aren’t sure how to put your best foot forward? Here are our top “dos” and “don’ts” when applying for a rental property, to give you the best chance of success:
Do – Have all your information clear on the application with the necessary supporting documents attached. This just makes the process that much easier and quicker for everyone.
Don’t – Leave blanks on your application. This will only slow down the processing and could mean that you potentially lose the property to another fully-completed application.
Do – Make sure all referees are aware that you are applying for a property and ensure they’re happy and available to answer any questions from the Property Manager. Sometimes these calls are a surprise to referees who are then less willing to give out a reference over the phone. Again, this further slows down your application and may mean you’ll potentially miss out on the property.
Don’t – Dress untidily when going to a rental inspection. Treat the meeting as you would a job interview and make sure you leave a positive first impression. Dressing neatly gives the impression that you will be a neat and tidy tenant.
Do – Make sure your payroll/HR department is aware that you are applying for a rental property and give them permission to verify your salary information over the phone to the Property Manager. This information is important for a Property Manager to confirm, as it will help to determine your capacity to meet regular rent payments. Note that this information is kept strictly confidential.
Don’t – Be dishonest in your rental application. If you would like the landlord to consider allowing you to have a pet, be upfront about this. Be honest about your job status and salary, and if you’re planning to live with a roommate. It’s always better to have these conversations before signing any paperwork to ensure neither you nor your Property Manager are put in a difficult position after you’ve begun your tenancy.
If you are a first time renter, you may be concerned about proving your rental history. Don’t worry, the main things the Property Manager will be looking for are your ability to meet regular rental payments, to take care of the property, and meet the terms and conditions of the rental agreement.
If you do miss out on a rental property, don’t be disheartened! Speak with the Property Manager about other potential properties on the market, and what you can do to ensure your application is successful in the future.
For all your sales and property management needs, contact your local real estate professionals on 4628 7444.