Things to Consider to Win a Rental Application

Undeniably, the rental property market can be highly competitive in many areas in Australia. We say this because, often, you will find yourself browsing through a number of apartments that also come with several other renters that are submitting their rental application and are also in the same situation as you are.

Now, what are the things that you can do to stand out and get the chance of being a successful applicant? First and foremost, you have to have that winning rental application! To achieve this, you have to create a complete and verified online rental profile that contains all your updated information such as your rental history, employment, etc. even before you begin your search for a property. This will certainly help you and save you time rather than compiling and looking up for your old forms while other renters are already exchanging signatures with their new landlord.

But really? What are some of the crucial information you need in order to create your rental profile?  We listed them down for you to ensure you are one step ahead of your competition:

RENTAL HISTORY

This contains your current and previous rental details such as the address of the rented properties, lease start and end dates, rental cost and information on your past property owners and managers. It also matters that you have a rental reference from your outgoing property manager to include in your rental profile, so it will be easier for your ingoing property manager to assess your application. Property managers need this information to check whether you paid the rent on time, looked after the property and were easy to deal with in terms of inspections and repairs. Therefore, if you have a good rental profile, your application will most likely be approved.

EMPLOYMENT & INCOME

This is without a doubt a necessary document you should include in your application. This will be checked to see if you have a constant and reliable source of income. A few of your latest pay slips and bank statements will also be a great addition to your application, as these will serve as proof of your ability to pay rent.

Keep also in mind that all the information you will submit can be verified and validated by your property manager or landlord, so make sure you are only including details that are relevant and true.

SUPPORTING DOCUMENTS

In order to prove your identity, you will need to have 100 points of identification. They must be in digital format, and in some cases, they should also be legally witnessed and stamped. The documents may include:

• ID: driver’s license / passport / proof of age card
• Medicare card
• Centrelink statement
• Reference letters from your past landlords and employers
• Pet’s reference (in case you are looking for pet friendly rentals)

COVER LETTERS

Another type of letter you can prepare, although not required, is a cover letter. You may write a few paragraphs about who you are, what you do for a living and the reason why you are applying. You can be professional, but make sure your personality can still shine through and that you mention everything you need to, particularly special circumstances such as pets and what features you like most about the property you are applying to.

With that being said, it is significant that you find the property that best suits you and what you are looking for. What you can do is to list down the realistic things that you like in a rental property; for instance, think about the size of the property, its location and proximity to public transportation and more. You also have to consider checking the pet policy if you plan to settle with your furry friends as well as any other stuff that best matches your lifestyle. Lastly, looking presentable on the day of your inspection is a great way to showcase that you are responsible and well-mannered.