If you’ve ever missed out to another tenant on a lease application, then you’re not alone. Competition is fierce, especially if you are looking in and around Sydney. It’s not uncommon to turn up to an open house and find a crowd of twenty-plus people viewing the same property. What exactly is it that property managers are looking for in potential tenants?
“Ideally, property managers and landlords are looking for tenants with secure employment who are able to demonstrate a stable tenancy background,” says Laura Mears, Director of Property Management for Belle Property Avalon.
“However, we do tend to gravitate towards tenants who seem like they would be easy to deal with during the tenancy. If someone has been pleasant and easy to deal with during the application process, they stand a better chance of winning the tenancy.”
A lack of organisation is one of the most common reasons why prospective tenants lose out on rental properties.
“A frequent mistake tenants make when applying for properties is submitting incomplete tenancy applications, and not providing proof of income. This can be a bit of a warning sign to property managers and landlords. If you’re unable to provide proof of income when asked, is there a possible issue with your employment?”
Mears also sites not turning up to scheduled appointments as another property management pain point. “It’s really difficult to make appointments at tenanted properties, so if you can’t turn up to the inspection on time, then your chances of winning the property are significantly lessened.”
Tenants who are keen to impress should make sure they turn up on time, look presentable and have all the required documentation ready to go to improve their chances of impressing a landlord or property manager.