If you show up to an open home and there are twenty other people waiting to inspect, you can’t afford to be cavalier about your application. In such a competitive environment, simply having your bond money prepared will not be enough to help you stand out from the crowd. Realestate.com offer exceptional advice for those applying for properties to rent. Here is our summary to help you be prepared for the competitive market:
- Correct documentation is essential for your application. As a minimum, you should complete all parts of your application, provide the details of your previous property manager, attach photo identification and your proof of income. If you have these documents prepared and ready to submit to the agent, they will be able to process your application much faster than if they have to wait around for you to get information to them.
- Credit is obviously critical. If you have been listed on a bad tenancy site, such as TICA, your application will not be considered.
- Apply online, as it saves everyone time and effort. Technology doesn't come easy to everyone, but applying for rental properties online is much eaiser than you'd think. If you have the relevant documentation accessible on your smart phone, you will be able to sign up for 1form and apply for the property online. The best part about using 1form is that your details will be saved so you can apply for multiple properties with ease.
- Housemates need to be as prepared as you are. It is preferable, but not mandatory, that they attend the open home. Ensure they fill in their part of the application (if applying online they will need to make their own 1form account) and provide all their relevant documentation. Agents are unlikely to consider your application if they have to spend time chasing various people for important information.
- Presentation makes impressions so, without going overboard you should all be tidy and pleasant to deal with.
- Punctuality is key. Being on time and promptly submitting your application will keep you ahead of the competition. Real Estate agents are very busy, so respecting their schedule will reflect well on you when it comes time to decide on an applicant.
- Follow up with the agent. It will generally take 24-48 hours for an agent to process applications, depending on how many there are for a property. If you haven't heard from the agent after a few days, give them a call to remind them that you are an eager applicant. Agents like to know that the applicants they are considering are eager for the property.
- Ask questions. Whether you're new to the rental market, or it's been awhile since you've moved house, or you just need some clarification on the process. Asking questions about the property or neighbourhood shows your interest. If you can't figure out how to use 1form, it's better to ask the agent for help than to stay in the dark. Even if your application is unsuccessful, ask the agent why or see if they have any advice for your future applications.
First National Brown Plains sprecialise in property management and rentals, so if you have a need to let or rent a property come and see us today.