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Buying investment properties in Australia
November 12, 2019![](https://rosieandrosie.com.au/wp-content/uploads/2019/11/invest-in-a-suburb.jpg)
How to know it’s the right time to invest in a suburb
November 12, 2019Leasing property can be a daunting and complicated process. You may be scrutinised, analysed and made to jump through hoops only to find you application is rejected. Here are Rosie & Rosie’s 5 tips to help you secure that elusive approval.
Leasing property can be a daunting and complicated process. You may be scrutinised, analysed and made to jump through hoops only to find you application is rejected. Here are Rosie & Rosie's 5 tips to help you secure that elusive approval.
1. First impressions count
Your rental application approval depends on making a good impression on your agent. You can achieve this by making sure you do the following when attending open-for-inspections:
Arrive on time. Even earlier if possible;
Attend on your own or with your co-tenants;
Introduce yourself to your agent and ask pertinent questions;
Respect the home and its possessions while viewing the property; and
Complete the visitors register and take an application form on your way out.
2. Preparing your application
Make sure you have all your necessary paperwork in order:
Rental Resume
A rental resume provides the prospective landlord with an overview of your suitability as a reliable tenant. Your rental resume should include personal details, employment details, rental history and references. If your rental history isn’t up to scratch, make sure you are ready to explain any questions that may arise.
Always bring this along to your inspection as it may save you time and emphasise your desire to rent the property.
Pay slips
You need to show your landlord or property manager that you have a reliable source of income. The best way to do this is by including recent payslips and bank statements.
3. Get a Reference
A positive reference from previous landlords or employers is vital. This will place your application on top of the pile. If you do not have a rental history, you can obtain references from other sources such as; employers, mentors or educators to show that you can be trusted and are a responsible tenant.
4. Make an Offer
If you strongly desire the property, you may want to consider paying more than the asking price. This will ensure you get the attention of the landlord. You could also pay a larger deposit, sign for a longer lease period and offer to remit rent payments by direct debit.
5. Submit application and follow up
Apply as soon as you can. If time permits drop in a copy of the application in person. Adding a cover letter can also differentiate you from the competition. Follow up in 2 to 3 days with the agent to make sure they have received and reviewed your application and offer to answer any additional questions they may have.
At Rosie & Rosie, we value our relationships with both tenants and landlords as we are property managers who are also tenants and landlords ourselves.
For further details, contact Rosie & Rosie at http://rosieandrosie.com.au/contact/