Top tips for first time renters

NAVIGATING the world of renting can be overwhelming and at times confusing, but there are ways first time renters can get ahead in the game.

Team leader of property management at Property Plus Real Estate, Katie Newlan, has some key things to remember when you’re apply for your first rental property.

 

In your application

To help the process run smoothly, Ms Newlan said first time renters should pay careful attention to filling out their application in full and correctly.

“You need to make sure that you fill out all of the information correctly and if you don’t know some of the questions, you are more than welcome to call up and double check how you’re supposed to answer,” she said.

For applicants with little to no rental history, Ms Newlan said crafting a renter resume could help provide the kind of details agents are looking for.

“It’s just a cover letter introducing yourself, saying what you do and what you like to do in your spare time,” she said.

“If you have a pet, pop on a little application for them, let us know how old they are, or things about your children and why you want the home.”

 

At the inspection

Ms Newlan advised applicants to arrive at an inspection five to 10 minutes early to get a feel for the area and figure out if it’s the right fit.

Once in the door, make a good first impression by bringing copies of any documents an agent might need like an application form from their website, 100 points of identification, any reference letters and a renter resume.

“I always like it when people come to the open or private inspection with everything filled out in a nice plastic pocket and all ready to go,” Ms Newlan said.

“When you’re preparing it and giving it to the property manager face-to-face, we get to see what you’re like and your mannerisms.”

 

Name your price

When it comes to dollars and cents, Ms Newlan said first time renters should look for a property that costs no more than 30 per cent of their income.

“You need to make sure that you understand what your bills might be, what you’re going to pop away each week for each bill, so you don’t have a massive bill,” she said.

“Try and balance it out like that in a spreadsheet to see what you think you could comfortably afford.”

 

Set yourself up for success

Once the rental agreement has been signed and keys handed over, Ms Newlan said renters could set themselves up for a good tenancy by remembering their new responsibilities.

“You can always make sure that your rent is on time, that you understand all the rules and regulations and if you are confused you can ask the agent,” she said.

“You should always report maintenance even if you think it is silly just to make sure that the upkeep of the property is taken care of.”