Whether you are looking to rent a home for the first time or moving into a new rental property, this may seem like a simple task. Once you start searching and inspecting them, you will know how tedious it can be to find a rental property. We understand the value of your time and money and offer quick and reliable property rental services for you. We make the process easy with an online application form to start the process quickly. Once we receive your application, a team member will contact you to explain the terms and conditions, and what is involved next. Contact us today to get started with the renting process. We guarantee that you will be satisfied with our services. We aim to earn the right to be the first choice for Rentals.
Renting is on the rise in Australia, with approximately 6.3 million people in the private rental market, the highest rate since 19601. There is good reason for this trend. There is the issue of skyrocketing house prices and buyer affordability. Also, not everyone wants to own a property, take on the pressure of a mortgage or to be locked into living in the same property in the same neighbourhood. They want the flexibility and lifestyle benefits that can come with renting.
Renting offers a number of key benefits:
Easier to make changes if you are not locked into a home loan.
Better financial stability – you clearly know your monthly expenses and can plan for them.
No maintenance or repair costs – the owner of the property is typically responsible.
Affordability – renting enables people to enjoy a lifestyle in an area they may not be able to afford to buy in
Flexibility to move – if you don’t like the neighborhood or if you want a different lifestyle, you can easily move once your lease expires.
Ability to diversify your investments rather than putting all your savings into paying your home loan.
No market risk – as you don’t own the property, the impact of property market fluctuations will not impact your long-term finances.
Access to amenities – many apartment/units rental properties offer additional amenities like pools and gyms.
Save for a home deposit.
Understanding The rental picture and requirements
If you want to rent a property in Australia, you need to be prepared for a tough competition. Many other renters will be viewing the same apartment as you and hoping to get it. How can you stand out from the crowd and secure your dream home? The answer is simple: have a stellar rental application ready to go. One that shows your rental history, employment and background checks in a clear and verified online profile. Don’t wait until you find a property to fill out the forms. You might miss the opportunity while others are faster. Having a complete profile is the key to success. Here are some tips on how to create one that will impress any landlord.
Rental History
Your rental history is very important for getting approved for a rental property. It shows your current and past rental details such as the address, lease dates, rent amount and owner/manager information. You should also have a rental reference from the previous property manager to add to your renter profile. This makes it easier for the new property manager to check your application. They want to see that you paid the rent on time, took care of the property and were cooperative on issues like repairs or inspections. A good rental report can help you get approved, while a bad one can hurt your chances. You should also know what is in your rental report, so you don’t get any shocks.
Employment & Income
Your ability to pay rent is very important, as landlords will often look for tenants with a steady and reliable income. Adding some recent pay slips and bank statements to your application will show proof of employment and also calm any worries a landlord may have about unpaid rent. Remember the property manager or landlord may call your employer to confirm you are still working there. So, letting them know is a good idea.
Supporting Documentation
Proof of Identity - You will need 100 points of Identification to prove you are who you say you are. They must be in digital format and in some cases, legally witnessed and stamped. Documents may include:
Photo identification – Driver's licence / passport / proof of age card
Centrelink statement
Medicare card
Find the best matching property
Getting a rental application approved is one thing. Finding the property that suits your needs is another. Make a list of what you want in a rental home. Sure, a fancy design and a luxurious spa would be nice. But don’t let that distract you from your more realistic needs. Like the size of the home, the location and how close it is to public transport. Working from home might be here to stay, so you might need a rental property with a home office if that’s your case. And after a long day working on the computer, a nice deck might be your thing to relax with a cold drink. Do you have a dog or cat? You will need to check the pet policy if you want to bring your furry friends along. It’s up to you, but knowing what fits your lifestyle should make the task much easier. And don’t forget to dress well on the day of the inspection and be polite. Property managers and landlords will see this as a sign of responsibility and will increase your chance of success DISCLAIMER - The information provided is for guidance and informational purposes only and does not replace independent business, legal and financial advice which we strongly recommend. Whilst the information is considered true and correct at the date of publication, changes in circumstances after the time of publication may impact the accuracy of the information provided. Tyme Real estate will not accept responsibility or liability for any reliance on the blog information, including but not limited to, the accuracy, currency or completeness of any information or links.
For more information on Properties to rent contact our office to get in touch with one of our experienced local team today.
Office Phone 3281 2325
Email - https://tymerealestate.com.au/contact