Skip to main content

]]>

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 How to get your next rental property

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.

Like BigPond Money on Facebook For regular updates, Like BigPond Money on Facebook.

Related links:

 

Savings Guide Logo 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:  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 Collecting watches

While watches can make beautiful timepieces, they can also be a rewarding investment. …

Getting the best care for your parents Getting the best care for your parents

If your parents are getting older, it’s important you understand as much as possible …

Super and divorce Super and divorce

Divorce is not only distressing but can also be financially devastating. Here are some …

Consumption's the cure to Australia's mining malady 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 home plans Compare home loans Unsure about life insurance? life insurance Compare life insurance Stash your cash term deposits Compare term deposits Go  


Sign up to receive the latest finance news. Email: Subscribe
Connect with us on: Connect with FacebookFacebook Connect with TwitterTwitter Connect with LinkedInLinkedIn Connect with Google PlusGoogle+

BigPond on Facebook

Mozo powered rates widget

Tools & calculators


Currency converter &raquo


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

TelstraBigPond ]]>