As we all know, securing your dream executive property rental can be hard work, especially in such a competitive market. Between finding a place you love and going through the application process, it can be really disappointing if you don’t get the property you wanted. However, something to consider is that there might be some fine details you’re missing, along with some improvements you can make to your application to ensure it stands out. Therefore, we’re providing a guide below on how to secure an executive property rental in Brisbane. Keep reading to find out!
Prepare for Inspections
One of the first questions you should ask yourself when applying for a rental property is: “how well do I look after the one I rent now?” Believe it or not, Property Managers will sometimes be asked to provide references on their current tenants to ensure they’re renting to someone who will look after the property. Needless to say, if you’re someone who doesn’t look after their rental and the Property Manager is aware of this, they won’t shy away from giving a bad reference. If you think you might be someone who gets a few too many warnings from the Property Manager, it’s not too late to try and amend things.
Show your Financial Stability
One of the major things that Executive Property Managers and Landlords alike look for in an application is your ability to demonstrate your financial stability. Unfortunately, because investment properties are a money making scheme, showing that you can afford the property “better” than someone else can will give you a significant advantage. One of the best ways you can demonstrate your financial stability is to offer more than the asking price. While you might be wondering how this works in your favour, sometimes offering just $10 more than the asking price can put you a step ahead because, at the end of the day, money is money. However, we do understand that some people aren’t in a position to offer more money at the time. Therefore, what you can do is offer the initial payment a month in advance rather than the usual two weeks. Either of these tactics will show that you’re in a position to be able to afford rent, which is one of the major standouts in any rental application.
Payment History
Your rental payment history is also a really important part of your application and essentially separates the good tenants from the bad in Property Managers minds. If you have a poor history of paying your rent, water or electricity bills, this has an extremely negative reflection on your application, lessening your chances of securing the property. If you think you might be someone who pays their bills late, it’s a good idea to start working hard to pay things on time and get your rental payment history cleaned up. A really good way to do this is to set up automated transfers from an account that you know will have enough money in it at all times. This way, you don’t even have to think about making payments as it will all be done for you.
Relationship with your Property Manager
Finally, one of the most simple, yet helpful tips is to make sure you’re maintaining a good relationship with your current Property Manager and Landlord. No, we don’t mean you need to be best friends with them, or even friends for that matter; you just need to be respectful and cordial. This means doing things like having good manners when in contact, being cooperative when any work needs to be done and being apologetic when any issues arise on your part. Why is this important? When you apply for a rental property, the Property Manager may contact your current or previous property manager for a reference. Therefore, it goes without saying that having a good relationship with them will pay off.
