SECURING a rental property can be tough at any age, but with no prior experience and a young age bracket providing potential hurdles, the first move can be the hardest.
Swarming inspections and offers of higher rent are common in Melbourne’s sought-after suburbs, adding another layer of difficulty to putting a suitable roof over your head.
Xynergy Realty’s Jye yih Lee has provided tips designed to help new renters put their best foot forward when it comes to landing the desired pad when moving out of home.
Be sure the property suits your needs
Ms Lee said online browsing was the first place to begin and it was important to consider location, price, bond price, availability date and facilities in the building.
“A property may have low rent but is not located near public transport. If an individual does not have a car, then it is likely that they will spend more money on commuting with car sharing services,” she said.
“This amount may be more than what an individual would spend on a slightly more expensive property that is located near public transport.”
Make a good impression
Ms Lee recommended wearing “proper attire” and talking to the property manager.
“Many people choose to leave as soon as they have finished inspecting the property, but staying to ask the property manager questions is a good way to show your interest and get more information about the property.”
Simple mistakes on rental applications are deal breakers
Minor mistakes that might not seem like the would influence a decision can sometimes be the difference between a successful and an unsuccessful application, according to Ms Lee.
Applicants should ensure their ID details, number of occupants and salary amount are correct.
“Minor mistakes can slow the process down for property managers, so they’re likely to move forward with a different application that has the correct information in order to make the process more timely.”
Rental history is important but not the only factor
“Being able to prove that there are enough funds to cover the rent via a bank statement is the first step in ensuring you are perceived as a suitable and appealing candidate.
“Secondly, individuals have the option to provide a written parental or even personal guarantee statement to show they will be responsible for paying rent in the event that the tenant cannot.
“And lastly, writing a short cover letter will help property managers distinguish you from the other applicants as it will allow you to provide further information about yourself, such as why you want to rent this property.’
– Jye Yih Lee