Do It Yourself Guide
If you are happy to manage your own property search, but want advice on streamlining and simplifying the process. Our DIY guide provides practical advice on securing your new rental home and how to stand out as a potential tenant, in a highly competitive house and apartment rental market with low vacancy rates:
Searching and shortlisting
Attending inspections
Preparing your lease application
Supporting information
Securing your new rental home
Decide on your non-negotiables.
Once you’ve worked out your budget, including monthly utilities and moving costs. Think about and make a written list of “must haves” and “nice to haves”, to help with your rental search. Consider the location and property features. For example, your “must haves” might be a secure apartment with at least two bedrooms, one bathroom, a car space and natural light. Remember some aspects are mandatory, heating / cooling, regular compliance checks (gas, smoke alarms, etc) Some “nice to haves” might be additional storage space and outdoor space. Does the location provide convenient access to work, public transport or local amenities? What are you prepared to compromise on?
Find a property.
After you’ve completed your rental wish list it’s time to start the search of the available property listings. The main sites are Realestate.com.au and Domain. However, the real estate agents also post available properties on their own websites. Most websites allow you to filter the listings by suburb, number of bedrooms, bathrooms and price. An alternative may be websites such as flatmates.com.au, Fairy floss or Gumtree for lease breaks, share houses or “for rent by owner”.
Attend the Open for Inspection.
When attending property viewings, treat it as a job interview. Dress appropriately, arrive on time, and be courteous. Property Managers often make judgments based on first impressions, and your demeanour can speak volumes about your character. Showing up prepared and presentable demonstrates your commitment to being a responsible tenant. Take a tape measure, to check aspects such as fridge space, room sizes, door widths, etc. If you are interested, let the agent know you intend to submit an application.
Prepare your application.
Your application is critical to securing your potential new home. Ensure it’s fully completed, error-free, and includes all necessary supporting documents. A comprehensive application includes the completed rental application form, proof of income, references from previous landlords, and 100 points of ID. Presenting a complete and organised application reflects positively that you will be a great tenant.
Include an introduction letter.
Stand out from the other applicants by providing a personalised tenant introduction letter, for all the members of the household. Briefly introduce yourself, highlight your stable income, and explain why you’d be a great tenant. Mention your positive rental history, commitment to maintaining the property, and respect for the landlord. This extra effort shows you‘re serious about the property.
Highlight your stable income and financial responsibility.
Landlords seek tenants who consistently pay rent on time. Clearly outline your stable income sources in your lease application. This includes employment verification, pay slips, or a letter from your employer. Demonstrating financial stability reassures property managers that you’re a reliable tenant who won’t struggle to meet rental obligations.
Provide strong references.
Include references from previous landlords or property managers who can vouch for your reliability and responsible tenancy. A positive reference is critical, offering landlords peace of mind knowing that you have a track record of being a respectful and conscientious tenant.
Provide evidence of responsible pet ownership (if applicable).
If you have pets, demonstrate your commitment to responsible pet ownership. Provide references from previous property managers who can speak to your pet’s behaviour, and create a pet resume that includes vaccination records, training certifications, and any other relevant details. Assure the property manager that your fur baby won’t damage the property or disturb neighbours.
What qualities do property managers look for in a tenant?
Qualities that property managers look for in a tenant are mainly around respect. Respect for the property and maintaining it well and respect for paying the rent on time. Other qualities are honesty, integrity and reliability.
Promptly respond to all communication.
In the world of real estate, with low vacancy rates, time is of the essence. Respond promptly to emails or calls from property managers. Clear and professional communication signals your reliability and commitment to move forward with the rental process. If the property manager does not receive your response promptly, they will move on to the next applicant.
Final tip.
Standing out as a potential tenant requires preparation, presentation, and professionalism. The extra effort, will not only increase your chances of securing your new home but also demonstrate your commitment to being an ideal tenant. Little things can make a big difference in the “new normal” competitive world of rental markets.
Want to take the stress out of finding the perfect rental property to call home? We can manage every step of the search process for you.
"Their expertise in the rental market was the key to my successful application. The advice, guidance and support in this tough market made a world of difference." — TIM