I’m looking to rent a property soon, advice please?
Author: admin // Category: rental properties melbourneMy Partner and I (with child no.1 on the way) and my sister in law are looking to rent a 3 or 4 bedroom property in the next couple of months before baby comes, we are all in our mid twenty’s and currently living with my Partners Dad, we have no pets and are non smokers, My partner and his sister work full time and I don’t as I am expecting. None of us have rental history. So I was wondering what would make us stand out as applicants as I know the rental market is tough in Melbourne? I was thinking an extra month in advance and a cover letter with our application introducing ourselves was a great way to go, can I please get advice?
Firstly, congrats on your little bundle (on the way) 
It’s really tough to get into the rental market. The best advice i can give is:
Don’t be too picky about the look of the house you want, just remember to make sure it is within your budget. Be prepared to go for something that is close to what you want, beggars can’t be choosers.
Choose something within the budget of the household. Real Estates really look at whether you can afford the rent on the incomes coming in. I think they use a general guide of no more than half the household income can go on rent, or something like that. Without a rental history, this is going to be your best weapon.
As for not having had a rental history, the decision is ultimately up to the owner, the real estate don’t get to choose who lives in the house, the owner has the final say. That’s where making sure you have enough money to pay everything comes in, try and look at it from an owners point of view, would you rent your property to people that would have trouble paying the rent and living ok.
I was a single mum when i applied for my first rental, and i didn’t have much trouble getting approved, the most important thing is showing a steady, stable income.
I don’t know about paying a month in advance, my parents have an excellent rental history, and had money in the bank (about $30 000), but because my dad wasn’t getting a good income, they had trouble getting a house, even though my sister and her partner were applying too (he had a full-time job), even though they offered to pay 6 months in advance!
Good luck with everything, if two out of three of you are in full-time employment, i don’t think you’ll have too much trouble finding something.
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