renting

You don’t live in QLD by any chance do you?

At the moment up here there is a massive under-supply of rental properties and most that become available are usually flooded with applications. They are even holding rental auctions! It is simple mathematics to work out that most applicants in this situation will be unsuccessful.

Don’t give up home and keep plugging away, you will eventually be successful, and it may just pay to check that you aren’t blacklisted on any tenancy databases such as TICA.

Hi Marc. Sounds frustrating. Are you actually missing out on properties for rent, or being knocked back. If it is the latter, it is true, your appearance will make a difference. (Each to their own, but sometimes you do have to look the part…) I recall doing a repair job at a real estate agent several years ago, and someone coming in, in a tshirt, unshaven, but seemed to have a nice young family, and the ‘girl’ behind the counter flatly told them no rentals were availalbe at the time. I kid you not, five minutes later a man must have phoned, and after qualifying with a couple of questions, this very same girl proceeded to explain they had several he may be interested in renting, and they looked forward to meeting him etc etc. Please do not take offense, but I thought that may be of some assistance. In all fairness, as long as someone is tidy and shaven (especially if it is a girl [biggrin]) I find it surprising that you would be having this amount of difficulty. perhaps try ringing the agents first? With your stable employment history, and situation you sound like an ideal tennant for a falt or unit I would have thought. Hope it all goes Ok for you. [strum]

OK, your appearance is fine, so I’d say it comes down to being young and a first time renter. It means that if you and another applicant apply and both stack up, but the other applicant has a rented before and has good references and you don’t then they will most likely choose the other applicant. (As a property owner I would. You see, in general all Property mamangers usally ring the owner if there’s more than one suitable applicant and give the owner the choice). This is nothing against an individual, it comes down to looking after the investment ie: go with a known good tenant rather than risking finding out if the other guy is or isn’t a good tenant.

Yes, this is tough, with vacancy rates everywhere being low, it makes it diffcult to get a start.

The only suggestions I could give you is to do as others above have said, firstly, get the work reference and see if a parent would be willing to be a guarantor for the first place. I know you want your independance and having a guarantor feels like you’re not totally getting your independence but if it gets you a rental history then it means you won’t need this next time.

Lastly, you sound like a reponsible person in the way that you have asked for advice here etc. Have you considered buying instead of renting? It may be that it’s not currenlty affordable, but just want to check that you have checked out this option as well?

Regards
PK

One thing no-one ever does which will help is offer double the amount of bond and 2 months rent in advance. This will show you are serious, although is expensive up front. Maybe your parents can help out here.
Of course, the usual things like employment references and proof of employment will help.
Also, ask a few agents what you can do to improve your chances.
Being a single appyling for a double may rais an eyebrow or two – they may suspect you are thinking of sub-letting, but it shouldn’t matter.

Cheers,
Marc.
[email protected]

If you’ve rented some where else before you can just use that as a reference. If it is private residence then it’s really just up to the landlord, but if us manged through a property mangment then they will have set requirements. You can find out the details of requirment from them.

http://www.thebusinesssuccessgroup.com/Real-Estate-Investment-training.html