4 Shocking Mistakes killing Your Rental Application
Are you struggling to apply for renting an apartment or house?
If you are struggling to rent a unit or home, there are a few shocking mistakes that you may be making that is really killing your rental application. These are the things that you may not think about, that are sending your application directly to the reject pile. Finding a place to rent is not easy. Most landlords are very careful about who they rent their properties to. That is mostly because of the high costs that private landlords have to pay to get the bad tenants out and to fix the mess that bad tenants leave behind.
Private Landlord Renata talks about her experience with No Agent Property for her apartment at 4/1 Coleridge Str Elwood VIC 3184:
“I used to rent properties through agents in the past and now I use No Agent Property exclusively! This is my 7th time and it’s been a huge success. For rent by owner method works, you just need to have a good support team on your side to help you along the way if you encounter any issues. No Agent Property has an amazing support team! Thanks again and I look forward to using your services again in the future.”
This leaves the landlords very leery of renting to the wrong person. Your rental application may be setting off some bells and whistles and raising the red flags that are getting your application rejected. Here are the top 4 mistakes that you may be making when submitting a rental application.
Sloppy writing, missing information, incorrect information
When filling out your rental application, you want to treat it like a job application. Take your time and write neat. Make sure that you have not skipped any lines that should be filled out. Reread the application to ensure that you have given all of the correct information. Missing or incorrect information can prolong the process and make it difficult to process your application. If the form is illegible, it not only makes it hard to read, but it can also portray you as a sloppy person, which is a landlord’s nightmare.
Applying for rentals that are too high
Applying for a rental property that you can’t afford is a huge mistake that many renters make. You want to apply only for the rental properties that are around 30 to 40 % of your overall income. If the rent takes up more than 40% of your monthly income, you will likely be turned down for private rentals.
With the same advertising opportunities, it’s no surprise that the average time it takes to sell a property privately matches the industry average of 90 days.
Failing to disclose pertinent information
When you are applying for a property that is for lease by owner or for sale by owner, you need to expect that they are using your application fee to do a background check on you. Therefore, it is important for you to prepare an explanation for any major issues they may find in both your background check and your credit report. If there are issues that the landlord may find, you need to make sure that your application includes a memo relating to the issue. That way they have an explanation up front. It can save you from being turned down immediately.
Not being selective about who you rent with
Finding the right rental property that will meet your needs and your budget is important. You want to be happy with your choice. You may have to sign a year long lease, and this is a legal and binding contract. That is why it is so important to make sure that you find the best rental properties to choose from. If you need a reliable place to find rental properties that is filled with information that will help you narrow down your search, check out realesate.com.au. It can help you find what you are looking for, while giving you the information that you need to make the right choice and escape having to fill out a million applications in the process.
When you are filling out your rental application, it is important to present yourself as a tenant who will take care of the property, pay your rent on time, and follow the agreement that you will be making with the owner of the property. Don’t make these huge mistakes on your next rental application.