]]>
Main content 
Home Compare deals Finance news Managing money Investing Home & property Credit & loans Life stages Tools & guides Small business Home > How to get your next rental property Print
How to get your next rental property | Updated: 9:07:55 PM, Thursday May 30, 2013
By Alex Wilson
It’s the age old catch 22. You want your own property, but saving for it is next to impossible due to the amount of rent you pay.
BigPond Money deals
It’s the age old catch 22. You want your own property, but saving for it is next to impossible due to the amount of rent you pay.
As more people look to rent, the higher the rental property prices will go. The more competition, the more you can charge as a landlord.
Though what if I told you there were actually a number of other factors that could determine your rental price and also whether or not you get accepted for the property you want?
Here are some ideas to consider when hunting for your next rental property.
Landlords want stability (stable people)
Offer to sign a longer lease and the landlord will be instantly appeased with your commitment to the property. Stability via the lease is one of the landlord’s greatest desires.
Also look to show that you are a stable person with a stable job. Landlords want people who are going to take care of their house (prove you aren’t going to throw parties and trash the property) and who are employed in a job that is stable for the medium to long term.
Doing this can give you a leg to stand on with the landlord if you would like to offer a lower rent for the same property. I offered my tenant a lower price per week than market rate simply because I wanted her to rent the property over any of the other applicants.
Landlords have mortgages to repay
Remember that while you might be struggling to pay the rent, the landlord is likely struggling to repay the mortgage. When a property is rented out, it may just be a sign that the landlord is struggling slightly.
Show that you have a proven record of paying rent on time to promote a sense of trust. A great trick to help you get accepted on a lease is to offer to prepay rent for a few months (if you can afford it).
This influx of cash in one go will normally make any landlord take note.
Landlords have their own worries
Landlords want a tenant to occupy their rental every day of the year. For every week that no one is renting the property, money is lost.
This means that if a landlord likes you or knows you already, they may be better off keeping you on a lower rate than that of raising it for a few extra dollars only to have you leave.
The moment a price increase is mentioned, straight away say that you are disappointed and will have to consider your options after been such a good tenant. This will often get fed back through the real estate agent to the landlord and create a sense of worry.
Landlords also want tenants that aren’t going to cost them a tonne of money. Although the law states you must have the house in working order for a tenant, landlords obviously don’t want to be spending big to keep the house running.
Avoid complaining about the property and only ask to fix things if and when you really need to. The reason for this is because you will help facilitate a happy harmony between landlord and tenant. The more issues, the less favourable you will be in the eyes of the landlord come rent increases and contract renewal time.
For regular updates, Like BigPond Money on Facebook.
Related links:
- Collecting
- Coin collecting for fun and profit
- Negotiate a better mortgage
- Make your home more energy efficient
- Compare term deposits
- Why electricity bills are rising
- Why your gas bill is rising
- Credit card rules change
When is the right time to invest in shares?
Alex Wilson is the founder and editor of Savings Guide, Australia’s number one saving money website. For regular money saving tips, visit Savings Guide or follow Savings Guide on Facebook. Share this article |
Comments
Leave a comment
Follow this conversation Name: E-mail: Your URL: Comments: Follow any further comments to this article. All comments are moderated. Enter security code: 
Follow this conversation
Leave a comment Your e-mail: You will be emailed when any additional comments are approved by the moderator. You are only subscribing
to comments made to this article. You may unsubscribe via the link provided on notification emails.
Compare deals
Fixed Loan
Home Loan
Loans.com.au Australia’s lowest rate home loan
Personal Loan
Compare cheap personal loans from 7.85%
Refinance
Refinance at new low UBank rate of 4.87%
Credit Card
HSBC no annual fee + 0% balance transfer 6 mths
Saving Account
Compare top rates and earn up to 4.75%.
Compare great credit card rates
0% on Balances
HSBC 0% bal transfer 6 months + no annual fee
No Annual Fee
Say NO to credit card fees. Get a fee free card
Platinum
Bonus 10,000 Membership Rewards
Top Rewards
Qantas American Express Discovery Card
0% Intro Rate
Bankwest 0% p.a. intro purchase rate 6 months
Compare great home loan rates
Lowest Rate
loans.com.au Australia’s lowest rate home loan
Fixed Loan
Compare fixed rate loans under 5.00%
Refinance
Refinance at new low UBank rate of 4.87%
Special Offer
Save $695 upfront fee Bankwest Online Loan
Rate Discount
Lifetime rate discount with IMB Budget Loan
Compare great term deposit rates
Top Rates
Lock in up to 4.45% p.a. for 6 months
ING Direct
Lock in 4.30% for 7 months with ING DIRECT
Bankwest
Compare 2, 6, and 12 month rates from Bankwest
bankmecu
Get 4.10% for 6 months with bankmecu
3 Months
Compare top 3 month term deposit rates
Compare great savings accounts rates
Top Rates
Compare top rates from ING DIRECT, Bankwest etc
Earn up to 4.75%
Get 4.75% for 4 months with ING DIRECT
Bankwest Bonus
Earn 4.55% for 6 months with Bankwest
Reward Saver
Get rewarded for saving with bonus interest
Term Deposits
Lock in a fixed rate before rates fall again
Related guides and tools
Collecting watches
While watches can make beautiful timepieces, they can also be a rewarding investment. …
Getting the best care for your parents
If your parents are getting older, it’s important you understand as much as possible …
Divorce is not only distressing but can also be financially devastating. Here are some …
Consumption’s the cure to Australia’s mining malady
Recession fears fail to account for the fact that as mining investment drops off, a …
The canary in the mine Why your gas bill is rising BUDGET 2013: Fast facts BUDGET 2013: Not tough, not clean but not bad It’s going to be a bad week for Wayne Swan Borrowers rush to lock in rates How to write a business plan The first Australian banknote
Compare deals
Find a better home loan 
Compare home loans Unsure about life insurance? 
Compare life insurance Stash your cash 
Compare term deposits Go
Sign up to receive the latest finance news. Email: Subscribe
Connect with us on:
Facebook 
Twitter 
LinkedIn 
Google+
BigPond on Facebook
Tools & calculators
-
Featured tool
Try our budget calculator to see where all the money goes.
- Home loan borrowing calculator
- Credit card debt repayment calculator
- Credit card health check
- Home loan repayments calculator
- More tools and calculators »
Currency converter »
Convert: From: To:
Convert Amount: Data supplied by Morningstar, based on a 30min delay.
BigPond Sport, Movies, Music and Games downloads, video streams and editorial content are unmetered for most BigPond Broadband members. Sitemap | FAQ | Contact Us Terms of Use & Disclaimer – Please read
]]> 