How to get approved for your next rental home: A real estate agent reveals what they REALLY notice on an inspection – and the only trick you’ll notice
- Jessica Melling is a Gold Coast real estate agent with 14 years experience
- The best advice from a property manager is to avoid sucking up and never offer bribes
- Sending your broker a list of your requirements can help you stand out, she said:
- The list should include where you want to rent, your budget and the moving date
Punctuality, preparedness and consideration for others are the most important qualities to demonstrate when inspecting a rental property in Australia, one real estate agent has claimed.
Jessica Melling, of Gold Coast rental company LJ Hooker, said her best advice to hopeful renters is to arrive on time, armed with relevant documents, and always be courteous to others competing for the same offer.
On busy inspections, Ms Melling, who has worked in the brokerage business for the past 14 years, advised not to ask too many questions and ‘suck on the broker’ – but said there is one thing that makes you stand out.
“What I really like is when I get a text afterwards saying ‘Hi, thanks, I’m applying for a job’. That is always remembered and appreciated,” she told the Daily Mail Australia.
Gold Coast rental manager Jessica Melling said she always appreciates follow-up texts from hopeful applicants after inspections
While these tips may seem obvious, the veteran property manager speaks from experience, having witnessed downright bizarre behavior at open houses over the course of her career.
Notable incidents include one job applicant strolling around the house smoking, another wearing barely more than a bikini, and a third demanding the officer “tell everyone to go home because this house is mine.”
Other standouts were potential job applicants who drank beer during the inspection, Ms Melling recalled.
Aside from antisocial behavior, she said successful rental applications always begin with a carefully crafted cover letter, which should be sent directly to your agent before submitting your general application so you can stand out from the crowd.
How to stand out in the current rental market, according to a real estate agent
1. Register for all realestate.com.au real estate alerts.
2. Make sure you have applications ready for all platforms, such as 1Form and Tenant Options.
3. Send your broker a list of all requirements. This should include your name, email address, phone number, where you want to rent, how much you want to spend and when you will be ready to move.
Source: Rent from Jess
This should include details about your employment, the real estate you are applying for, and your real estate history — whether you owned or rented in the past.
“Basically, it all comes down to being organised. You need to have good references to hand, personal and professional, but most importantly professionally,” said Ms Melling.
Young tenants in particular should be aware of how they present themselves on social media, cautioned Ms Melling, who said she often jumps on Instagram to check out applicant profiles.
‘It’s not like you can’t have a beer with your friends in the pub on a Friday night. Keep in mind that people might look for you,” she said.
Ms Melling has witnessed downright bizarre behavior at open houses over the course of her 14-year career (stock image)
Requested rent for homes in Gold Coast is up 32 percent and 14 percent for units in the past year, data from SQM Research shows.
Ms Melling said her heart goes out to anyone currently looking to rent a home in that part of Queensland.
She said she receives more than 20 applications per home as weekly rents skyrocket across the state in an increasingly competitive rental market.
An influx of cashed in professionals from Sydney and Melbourne has put pressure on the local market, according to tenants and agents, as the mass exodus from Australia’s largest cities continues.
The director of financial planners LCI Partners recently spoke to Daily Mail Australia about how much tenants should pay for a lease each month.
How to calculate your rental budget according to a financial planner
LCI Partners Chief Financial Officer Gerry Incollingo said that ‘understanding and managing your financial position is the key to success’.
This calls for ‘smart budgeting’ and ‘good planning’ to ensure you don’t suffer from rent stress.
“Sit down regularly and calculate your living expenses against the amount you take home each month,” he said.
It is also essential to be aware of the signs of rental/housing stress; anything above the 30 percent threshold is fair, according to Mr. Incollingo.
Tenants should be aware of how they present themselves on social media, cautioned Ms Melling, who said she often jumps on Instagram to view applicant profiles (stock image)
Gerry Incollingo said the average Australian should spend a maximum of 30 percent of their gross monthly income on rent.
“Of course conditions vary across the board and sometimes it seems necessary to make concessions on other expenses to increase your rent, but … pushing higher often leads to housing stress,” said Mr. Incollingo.
“Prospective tenants should make it their primary focus to accurately determine how much they earn and calculate how much they can afford within a safe sweet spot.”