So you want to start renting, but the only problem is you don’t have any rental history. It’s like when you apply for a job, and they ask for job experience, yet you cant get job experience without a job? Now we arn’t saying these next tips will help you secure that job you’ve been wanting, but here at Chidiac Realty, we believe that they will certainly give your rental application some credibility.
Here are our hot tips on securing a rental lease if you’ve never had one before.
1. Prepare your papers
The first step is getting yourself, and your flat mates, organised. Organise all of your paperwork in advance, as the rental process moves fast! Payslips, identification, payslips and a list of references is a must.
2. Round up your references
Now as its your first time renting, you wont have a referral from another landlord or agent – but not to worry. Agents understand that everyone has to take that first step at some point. Ask a current or previous employer for a reference, or even ask a friend or family member to go guarantor. This means they will be responsible for paying the rent if you miss your payments.
3. Heard of “First impressions always count”?
Either you, or one of your future housemates, should attend the property inspection. It is important to be on time, and dressed presentably. This is the first impression the real estate agent will have of you.
4. Show your income and regular repayments
Include as much information as possible about where your get your income from and how often you get paid. This is crucial information for a landlord or agent – the more consistant your payments are, the better you stand out from the crowd.
Perhaps you have you have paid off an item on a payment plan? If so, this is great proof or regular repayments.
Note: Offering to set up a direct debit shows willingness and commitment to pay rent on time – this is a plus!
5. Follow up with a phone call
If you haven’t heard anything back for a couple of days, follow up your application with a friendly phone call. Without being pushy, let your agent know that your really interested in the property and see if they would like any more information from you.