Toggle Menu Header



Property Expert,

Basic tips to apply for the rental property to secure the home of your choice

8Mo ago 0 Replies 221 Views
Hunting for a new rental property can be a nightmare and renters often find themselves tearing their hair out due to crowded inspections, unanswered rental applications and competition to secure a lease.
To stand out from the crowd of budding tenants, it’s important to have an impressive rental application that includes all relevant information and presents you as a responsible tenant.
Here are some rental application tips to help you secure your dream rental property.
  1. Introduce yourself to the Property Manager
While you may think it’s unnecessary, make the effort to introduce yourself to the Property Manager on inspection day. This is a polite gesture that will ensure they remember you when going through a mountain of applications.

  1. Include all relevant documents
Ensure your application is complete and includes all required documentation. Lodging an incomplete application reflects badly on your organisational skills and the Property Manager may see you as irresponsible and likely to miss rent payments.
When applying for a rental property, be prepared to supply proof of income documents such as pay slips and bank statements, a letter of employment, a rental ledger, ID documents and reference letters including any pet references. If you’re unsure if the real estate requires any documents, it’s always best to include them anyway as further proof of your suitability for the property.

  1. Include a cover letter
Treat the inspection as an interview and the Property Manager as a potential boss. A cover letter should sell you as the most suitable tenant for the property.

The cover letter is an opportunity to talk about your family, work and rental history. If there’s anything in your application that may be unusual or alarming to the Property Manager, explain this honestly in the cover letter. Your application is much more likely to be successful if you address any issues upfront and not try to conceal them.

Read more:

Share on:

Top Contributors Last 30 days

1 InvestAus
2 Anuj
3 Joshua

Related Posts

Falling property prices and cheap mortgage rates have led to housing reaching its most affordable level in ten years

People are spending a smaller portion of their pay on their mortgage, investor service Moody’s has found, indicating housing affordability has dropped to a fresh new low. Two income households were spending 23 per cent of their monthly earnings on mortgage repayments in September, Moody’s said. This was a drop from the ten year average of 26 per cent. “The affordability of apartments and houses improved in all capital cities over the year to September,” the analysts said. Property prices have been falling nationally for the last five months due to the tumult of the coronavirus pandemic. “Australian housing prices declined an average 1.5 per cent over the five months to September 2020 because of the economic fallout from the coronavirus,” the analysts said, “though prices still rose 3.2 per cent over the year to September.” Get details at: x Housing at its most affordable level in a decade Falling property prices and cheap mortgage rates have led to housing reaching its most affordable level in ten years, according to analysts.
23Hr ago 14 Views

Australian mortgage delinquency rates will continue to increase over the next year

Delinquencies have increased to its highest level in Victoria since 2005 and since 2013 in NSW, according to a new report by Moody’s Investors Service. As of May 2020, Victoria and NSW saw delinquency rates at 1.85 per cent and 1.71 per cent, but were up 0.20 per cent and 0.23 per cent from May 2019 and at their highest level since 2005 and 2013, respectively. “We expect mortgage delinquency rates will increase on average in Australia over the next year given the ongoing economic fallout from the coronavirus. Delinquency rates will vary across states, cities and regions, depending on economic circumstances in each area, which will be closely tied to virus outbreaks and measures to contain them,” Moody’s vice-president and senior credit officer Alena Chen said. According to Ms Chen: “Apartment prices are more at risk than house prices given the lower demand for units in the current uncertain economic environment. Prices in areas with a high concentration of coronavirus-exposed industries will also be at risk.” Australian house prices declined 2.8 per cent on average over the five months to September, led by a 2.9 per cent decline in Sydney and a 5.2 per cent decline in Melbourne. Prices rebounded in Brisbane, Perth and Adelaide in September, rising over the month after earlier falls. Source: x Mortgage delinquency rates to continue rising in 2... Australian mortgage delinquency rates will continue to increase over the next year due to the ongoing economic fallout from the COVID-19 outbreak, although arrears will vary by region depending on eco...
23Hr ago 66 Views

NSW: More Aussies are considering refinancing

Another rate cut may be on the cards in the coming months but record low interest rates have already got Aussie homeowners fired up – and nearly one in three are exploring their refinancing options. Polling by the comparison site also showed 34 per cent of homeowners were planning to refinance. This included the 5 per cent of homeowners who were planning to refinance in the next four weeks and the 11 per cent who would refinance in the next two to six months. “The pandemic has made people assess where every dollar they earn goes and refinancing a mortgage can lead to a huge leap in savings,” he said. The lowest three-year fixed rate is 2.14 per cent, nearly 2 per cent lower than the average variable rate, according to Finder. Low rates have also encouraged first homebuyers. First homebuyer spending shot to an 11-year high in August, with housing experts revealing cheap credit combined with government incentives helped more people secure homes. Source: x Aussies in rush to refinance as cheaper rates unlo... Homeowners can save up to $8900 a year by making one change to their home loans, new modelling shows – and a rising share of owners say they are planning to take advantage.
23Hr ago 10 Views

Reviews on Fairfax Street

Is Fairfax Street, The Ponds, a good place to live?
2D ago 23 Views

Good suburb near central station

Hi Everyone, I'm looking to relocate to a suburb which is 20 min from central station. Please suggest locations suitable for family with kid and access to good day care near by.Thanks in advance.
2D ago 16 Views

Is it the best time to buy a property during pandemic?

A quarter of Australians believe the pandemic and its subsequent response has led to the perfect conditions to snap up a property, according to a bank’s research. About 26 per cent of people surveyed by ING believe it’s the best time to buy a property, as they look to take advantage of five continuous months of falling property prices. “While, understandably, not everyone is in a position to use their finances to invest, our research has found that for those who are, the preferred investment choice is property, especially in the current climate where interest rates are at a record low.” Properties shed an average of $12,500 since the beginning of the year, according to the Australian Bureau of Statistics (ABS), but analysts predict a recovery is on the horizon. Continue reading at: x A quarter of Aussies believe it’s the best time ... A quarter of Australians believe the pandemic and its subsequent response has led to the perfect conditions to snap up a property, according to a bank’s research.
3D ago 13 Views
5 online
Valuations SA