How To Make My Rental Application As Strong As Possible
In this article, we discuss what factors contribute to the strength of rental applications and offer some tips on strengthening your application.
1) Lease commencement date. Often not taken into consideration enough is the available date on a property and your lease commencement date. Each day a property sits vacant is rent the owner is missing out on. Therefore it is ideal if you can start your lease on or close to the date the property is available.
2) The application form. So you’ve inspected a property and the place was perfect for you. Now it’s time to get the forms filled out. Don’t underestimate the importance of completing the application forms in full. If the information is missing then it will take longer to process your application. Supply supporting documents, for example, include recent payslips from your employer or attach a tenant rental ledger from your current real estate. Notify your employment contacts at your workplace that you’re applying for a rental property and an agent may make contact to confirm your employment.
3) Be professional and polite. The landlord and the property manager will have a relationship with you for possibly the next 6 months to 10 years, depending on how long you may stay in the property. Whilst your application will be carefully checked, paper can only tell us so much. Good property managers try to evaluate early on what kind of tenant you may be. Avoid making a bad first impression by running late or not showing up for rental inspections without notifying the agency.
4) What factors are taken into consideration when selecting new tenants? There are many factors which can play a part in deciding on new tenants. Every landlord and every property is different. For some landlords, it may be important that the tenant fits well into the neighborhood or the unit complex whilst for others achieving the maximum rental return may be their goal. Some landlords understand the importance of securing a tenant who will care for their investment property and select people they believe likely to look after the property.
5) Pets. This point is relevant to those who have pets. It can be very difficult to rent a property if you have a pet. If you have a cat or dog then you are limited on the type of property you can rent as a one bedroom studio with no outdoor space or an upstairs unit probably will not be suitable. So you probably need a house, a house with a yard and a yard with a fence. When owners are asked early on, “Do you want to allow pets?” instantly the landlords’ mind goes to three dogs tearing up the living room, vases smashing on the floor and feathers from the torn pillows gently floating down to the ground. “Ahh.. no, no pets please” is the landlords’ normal response. So here is my tip if you have a pet, call the agency and ask if the owner would consider pets even though it may be advertised as ‘no pets’. If your application is strong and if you include a photo and some information on your pet, your application might be too good to turn away.