Tips On How To Secure A Rental Property
In the hustle and bustle of today’s rental landscape, securing a rental home can feel like an uphill battle, especially in areas where demand far outweighs supply. The process can be daunting, with several factors to consider, including high expectations from landlords and rental agencies and fierce competition from fellow house hunters.
But there’s hope! In this blog, we will outline how to secure a rental property with tips and tricks, how to get a rental property with no rental history, where to find rental properties, and what areas in Victoria to search for properties. Read on for all the life hacks to secure your rental property.
Tip 1: Attend inspections & introduce yourself
In the world we live in, first impressions matter. Attending property inspections is no different. Inspecting a property isn’t just about assessing the suitability of a potential home. It’s also an opportunity to introduce yourself to the property manager.
So, wear neat clean attire, engage in friendly conversation, and express your genuine interest in the property. Treat your inspection like a job interview: show up professional, prepared, and ready to ask and answer questions.
Tip 2: Write a cover letter & put your best foot forward
Also, like a job application, a well-written cover letter can be your secret weapon in the rental market. Think of it as your chance to introduce yourself beyond the confines of a standard application form.
A solid cover letter can set you apart from the crowd and demonstrate that you’re not just another tenant. Your cover letter should be concise, informative, and tailored to the specific property you’re applying for.
Briefly introduce yourself, explain your reasons for moving, and highlight your employment history, rental history (if applicable), and any other relevant skills or qualities that make you a desirable tenant.
Tip 3: Be honest about any past issues
Honesty is always the best policy. This is especially true when it comes to rental applications. If you have any past rental issues, just be upfront about them. Landlords and property managers usually conduct thorough background checks, so it’s better to just be honest before they find out on their own.
Admitting past issues won’t automatically disqualify you as a tenant. In many cases, it is an opportunity to explain a situation that may not be clear on paper.
Explain the situation honestly, detail extenuating circumstances, and assure the landlord that you’ve learned from your experience and are committed to being a responsible tenant in the future.
Tip 4: Prepare all of your information beforehand
Don’t wait until the last minute to gather your rental application documents. Having everything ready and available will demonstrate your preparedness and make you appear more professional.
Make a checklist of all required documentation, including identification, rental history, payslips, references, and any financial information requested by the landlord. Having everything organised will make a good impression on the landlord and save you time and unnecessary stress.
Tip 5: Be quick & responsive
In a competitive rental market, timing is everything, and procrastination is your worst enemy. When you’ve found a property you like, submit your application as soon as possible. Landlords often receive dozens, if not hundreds, of applications for a single property and the fastest and most responsive applicant usually wins.
Respond promptly to any inquiries from the property manager, keep your communication open, be polite and professional, and keep the property manager informed throughout the process.
Remember, you’re not the only one applying for the property, so speed and attentiveness can set you apart.
How to get a rental property with no rental history?
Having no rental history may make things more difficult, but it won’t make renting impossible. There are still ways to overcome this roadblock and secure a rental property.
First, A solid savings history demonstrates your financial stability and ability to pay rent on time. This will make you look like a mature and attractive tenant despite your lack of a rental history.
You should be upfront with the landlord about your lack of rental history. Explain the circumstances and provide any additional information that might support your application. The search for a rental property may take longer if you have no rental history. So be patient, persistent, and keep applying until you find the right place.
A short-term lease may also be a way in. This will give you a property to rent, help you establish a rental history, and give you a reference for future rental applications.
How do I secure a rental if I have moved from overseas?
Moving to a new country and finding a place to rent can be difficult, but it’s certainly doable with some planning. Here are three tips to make the rental process smoother:
- Research: Familiarise yourself with the neighbourhoods, amenities, and average rental prices in the area you’re moving to. This will narrow down your search so you can make informed decisions.
- Preparation: As an overseas resident, providing a comprehensive application package is crucial. Take the tips from above and apply them to your search overseas. Do this by including a cover letter, copies of your passport, visa, financial documents, and any other relevant references or documents.
- Patience: The search for a rental as an overseas resident may take longer than usual. This is par for the course. Be patient!
Where is the best place to find rental properties
The internet has revolutionised the way we search for rental properties. Online platforms, such as real estate websites, listing aggregators, and social media groups, provide many rental options. However, traditional methods like checking with local real estate agents and exploring neighbourhoods you’re interested in can also be fruitful.
With 4,000 happy residents and growing, Eynesbury is an up-and-coming suburb in Melbourne’s west located just 40 minutes from the CBD. Leap Real Estate offers a wide range of brand-new rental properties within Eynesbury. If you are looking for rental properties in Victoria, Eynesbury is a top choice!
Why rent in Eynesbury?
Eynesbury offers a dazzling blend of urban convenience and peaceful living. Residents of Eynesbury benefit from a family-friendly atmosphere and a thriving community that is safe, with a host of local events, clubs, and organisations in a welcoming environment.
The suburb is also well-connected to the city centre and surrounding areas via public transport, so getting to work or into the CBD is no problem. Its proximity to amenities like major shopping centres, entertainment, and healthcare also make Eynesbury an attractive option for renters.
Contact our team to learn more about Eynesbury rentals.