First Time Tenants

First Time Tenants Tips

“So you have decided that you want to move out of home with your partner or with some friends! Sounds like fun right? So where do you start?”

1. Budget
You need to work out what can you afford. Do a budget! Who much do you earn, what will your living expenses by (electricity, gas, water, phone, car payments, going out), will you attend to the gardening? Or pay someone to do it, setup costs (furniture, plates, and cutlery), Bond (equals to 4 weeks rent if rent is $250pw or under OR equals 6 weeks rent if above $250pw) plus your first 2 weeks rent…. There is lots to think about and it can be very daunting renting a property for the first time.

2. Research
Research the area you would like to live can you afford it? What about surrounding suburbs? If a house/unit in your budget and attend the open. If you like it and wish to apply ask for an application form. Worried about the fact you haven’t rented before? There are a few things you can do to strengthen your rental application. One of the main things would be supplying proof of income and savings because the property manager will need to find out if you can afford the property. A good guide to this is your income 3 times or more than the weekly rent?

3. Documentation
– Examples of what you should provide to greater your chances of being successful in your application.
– Covering Letter – Tell us a bit about yourself
– Payslip and employment details
– Reference from employer, neighbour, teacher, business person, doctor or accountant someone that will give you an honest reference (these should not be from relatives)
– Photo ID – driver’s licence, passport, student ID etc.
– Last Phone bill

The property manager is looking to see if you have the ability to look after and take care of the property on the landlords behalf and also to comply with the tenancy agreement you are about to sign if successful.

This will show that you are keen and also want to understand what their expectations are.
Good luck and hope that these tips help you find your new home, feel free to share with your friends.
If you are looking for a rental property please have a look at our available properties or contact us to have a chat about how we can assist you.

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