Ask John

Dear John,

I need to find a place to rent and I have missed out on two rental properties. Do you have any suggestions to help me out?

Thanks, Roger, Collaroy, NSW

Dear Roger,

Currently there are more people like you looking to rent than there are properties available so prospective tenants need to do everything they can to maximise their chances of making a successful application for tenancy.

Most managing agents will be looking for applicants who have good rental references and who can demonstrate the financial capacity to pay the outgoing rent.

My seven top tips for prospective tenants are:

Contact local managing agents by phone or email to introduce yourself and to let them know what sort of property you are after.
As soon as you see a new rental property advertised contact the managing agent.
Lodge your tenancy application with the managing agent as soon as possible. You might even be able to lodge your application online before you physically inspect the property to speed up the process.
Make sure you thoroughly complete the tenancy application form and attach written references and tenancy ledgers, if possible, from your previous managing agents and employer. Managing agents like dealing with tenants who are organised.
Be as flexible as you can be with regard to the lease commencement date as landlords aim to minimise vacancy periods.
If you have a healthy amount of savings you might consider providing a copy of a bank account statement.
Consider offering a few months rent in advance if you can. The landlord and managing agent cannot require you pay more than two weeks rent in advance but it is open for you to offer more. It is often a good option for tenants who have no references, such as first time renters and tenants from overseas.

I hope these tips help you secure a property!

Best wishes, John

If you have a question for John, email editor@peninsulaliving.com.au

John Gavagna is the principal of Residential Real Estate Agents. Visit www.residentialagents.com.au or email john@residentialagents.com.au

September, 2011