27 Apr 2011
First time renters aren’t necessarily school leavers or uni students, they can be people who have previously owned and now need to rent for whatever reason too. Whichever you are, as a first time renter it can be difficult cracking into the rental game if you’re competing against seasoned tenants with a good rental history.
First time renters should always ensure they have as much paperwork as possible to help them be noticed by the landlord when they’re choosing the right tenant for their property. The property manager can also make recommendations, so it pays to build a good relationship with the property manager as well.
It is also vital to ensure you’re able to afford the rent, and be able to prove this when you apply for the property. Bond, rent, moving costs, furnishings, utilities and everyday living costs should be factored into your budget too because it’s possible that if you’ve never rented before, that you don’t have a lot of these things that can be transferred from a previous residency.
Renting shouldn’t be a stressful process, so if you find yourself in a bind, the best thing to do is be open and upfront about your situation with the property manager. You should also remember that the owner of the property has bills to pay too, including the mortgage on the property you’re living in, rates and body corporate fees if it’s a unit. If your situation changes and you’re not going to be able to pay the rent, always let the property manager know so that they landlord can be notified. This is one of the reasons why it’s recommended to pay your rent at least two weeks in advance.