Tuesday, December 17, 2019

How to Increase the Chances of Your Rental Application Getting Picked by the Landlord?



If you're searching for a rental apartment, you're bound to run into a well-known situation that begins with finding the perfect place. Everything is in order, and you want to move in immediately.

There’s just one problem: there are other applicants as well. You know you'll be devastated if the landlord eventually picks someone else, and you know there's nothing you can do to change the outcome.

However, there are ways of increasing your chances. That’s precisely what we wanted to discuss in today’s piece. Let’s see what you need to do to increase your chances of the landlord picking your application.
 

Know What the Landlord Wants from the Tenant


If you want to increase your chances, you need to provide what the landlord is looking for in a tenant. In our many years of experience, we've noticed that landlords always want three things:

  1. To know that the tenant will treat the property as if it was their own and call the landlord when any issues occur.
  2. To be sure that the tenant will make their rent payments on time.
  3. To be certain that the tenant will fulfill the term of the lease.

Now, we know that you will say that you can definitely do all three. We know that, but the landlord doesn't. You need to find a way to assure them that they can expect these three important things from you.

What landlords care about is stability, as all of these three things point out. It doesn't matter what your application looks like and what it says. What matters is that they can see that you will provide them with the stability they want. It's far easier for them to find a single tenant who will pay their rent on time, take care of the place, and be a stable source of income for the landlord for a long time, rather than running from tenant to tenant.

Be Financially Responsible and Be Able to Prove It


Naturally, they will want to see that you are stable in financial terms as well:

        You need to have a good and stable job.

        Your salary needs to be at least three times bigger than the rent – it shows the landlord that you are applying for a place and a lease you can genuinely afford with your income.

        You need to have a perfect credit history and good employment records – it all further proves that you are financially responsible.

Additionally, if you have recommendation letters from previous landlords, you’ll have a massive plus on your side.

If you are a student without a job, for now, you still have big chances. All you need to do is prove to the landlord that you will be able to pay your rent. By getting a suitable guarantor who is willing to show their income to the landlord, it will be almost the same as having that income yourself.

At the end of the day, all the landlord wants is to feel safe and happy with the tenant. If you show them that they will feel like that with you, then the rental is as good as yours.

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