The rental market in Australia can be tough at times, depending on where you are looking for and what your budget is. When you submit a rental application it’s important to be vigilant about it, and ensure that you complete it correctly, making it easy for the real estate agent and landlord to approve you. Below are some of the things that you need to keep in mind when submitting a rental application so that you can get your chosen rental, every time.
Bring all the documents you need along with you to the inspection, so that if the property is right for you, you can apply straight away. You can get a list of documents from your real estate agent prior, however, as a guide, you need to have:
- Application form
- Pet references
- Cover letter
- Photo ID
- Proof of employment or a salary slip.
Keep a copy of all these documents ready and submit the complete set to the agent.
An applicant with a stable job for at least 2 years with a steady stream of income has better chances of getting an approval. While those who are self-employed, should provide:
- A reference from the previous employer
- A bank statement that shows savings
- The detail of your accountant
Those who are unemployed should provide a reason for their unemployment, some example reasons include:
- Redundancy from current job
- You are taking a break from work
- You recently sold a business
- You are switching from one job to another
As an idea, property managers normally choose tenants whose overall rental cost is not more than 35 percent of their income.
Check Your Application
Make sure you don’t submit unnecessary documents. If the property listing accepts the 1Form application, this is the quickest and easiest way to collect the information that an agent needs. Including unnecessary information can make the agents job harder, so make sure you go beyond requirements but don’t include documents that are unnecessary.
Some landlords refuse to rent their property to those who have pets. So it is important to be a responsible pet owner. To create a strong application, include a reference for your pet or its photo in the application. If you do not disclose it from the beginning, it may affect your relationship with the property manager, and as a result, you could find it difficult to find a rental in the future.
Update Your Details Online like social media
When you submit a rental application, property managers often look you up on social media to verify your details. Property managers tend to go beyond the normal ways of reviewing the application because a person will always paint a good picture of themselves instead of mentioning the reality.
Due to this, update your social media details to keep the information in your application the same as your profile.
Be On Time
This is the first thing you have to bear in mind whenever you are going to an inspection. If you arrive early to the open house, it is quite likely that the agent will remember you when he or she has to choose a tenant. Therefore, it increases the chances of securing a property.
You do not have to wear a formal attire, but it is important to look presentable when you are at an inspection. It shows that you are interested and serious about your rental application. This will ultimately improve your chances of securing a property.
After submitting the application, wait at least two days. If you do not get a response, follow up with your agent. A polite message can increase your chances of securing your position if the agent is in the middle of choosing the right tenant for the property. Secondly, stick to the procedure and do not offer up-front cash to the property manager as it may raise concerns.
So when you’re applying for a rental, consider these points to increase your chances of winning a rental application. Looking to buy instead? Chat to our team about how we can assist with finance now on 1300 088 065 or email Nathan at Nathan.Vecchio@HunterGalloway.com.au