Acceptance for a rental property can be time-consuming, difficult, and confusing, and many people would like to know how to make it easier with good rental property advice. In this article, we will explore the procedures used to pick a tenant and provide tips to improve your chances of success.
It’s often assumed that if you inquire first when a rental property becomes available, you’ll be more likely to be approved. This is sometimes true, but there is a procedure that must be followed in order to locate a landlord the perfect tenant. Every landlord will have different criteria and goals when it comes to renting out their home, thus being told you haven’t been successful might be for a number of reasons. Continue reading to learn more.
Sign Up With Local Letting Agents For Great Rental Property Advice
If you want to increase your chances of securing a rental property, and you want somewhere to go for reliable rental property advice, signing up with a number of local letting agents is a good idea. Not only will you be on their mailing list when new properties come up, but you’ll be able to ask as many questions as you need to – this is particularly useful for first-time renters who need some guidance.
Have The Right Budget
Make a decision on what your budget realistically is before you start looking at houses. This will keep you from being enamoured with a sparkling new kitchen and spending more than you can afford. Take into consideration the expense of travel. It’s pointless to save £100 per month by renting farther away from where you want to be if the added expense of travelling to work is £200 per month. The last thing you want to do is put your name forward for a property only to realise that it’s too expensive and have to pull out – this could make you look less reliable in the future. Only say you want to live somewhere that you really do want. Of course, life happens and sometimes you might change your mind, but the wrong budget should never be a reason for that.
Prepare payslips from your employer (or accounts if self-employed) to present the landlord or agent, as well as a reference from any previous landlord. You may be required to provide information about your former residences for up to three years. Take your bank or building society account information with you so the agent or landlord can get a banker’s reference. In the eyes of landlords, not having a bank account at all is a significant disadvantage. Check your credit score at www.experian.co.uk or www.equifax.co.uk. If everything is in order, you can present it to the agent or landlord as evidence that you are reliable with money; if not, attempt to clear up any issues and errors. A good agent will check regardless, but you want to see it first.
Check The Inventory
When it comes to rental property advice, there is one thing that is crucial; check the inventory. Although this won’t determine whether you are chosen for a property or not, it’s still going to benefit you once you do move it. Many tenants ignore the inventory report or sign it without looking, and then, when they move out and an issue arises, they have no recourse for help. Read the report, check you’re happy, and only sign when everything is cleared up. For more rental property advice about inventories, please get in touch with Looksy Inventories today.