Ep152: Megan Taylor - How to Apply for Your First Rental Property - Understanding Both Sides of the Story

Real Estate Right

On the back of our Episode 144, where we had Stephanie Hayes talk to us about all the problems she had being a first time renter, we thought we would give you the property manager's perspective of how to apply for your first rental property so you understand what helps you get over the line with your application.

Megan Taylor is a senior manager of property partnerships at Longview Real Estate. Longview manage over 4000 properties, and Megan is renowned for helping landlords make great decisions, but also give renters, or prospective renters the best advice when applying for property.

1. What are property managers looking for in a tenant when they have a vacant property for lease?

2. What are some of the things that tenants do on their application that become a red flag for property managers?

3. How can prospective tenants apply for properties better?

4. What should prospective tenants do when attending inspections?

a. What are some things that could turn off an agent when prospective tenants attend inspections?

5. Why do some properties continue to be advertised after an applicant has been approved?

6. Say, I was a young uni student wanting to get a place with 3-4 mates, what should we put on our application to secure the lease?

a. How can we overcome any red flags that might put a landlord off?

7. Say I'm 20 - sick of living under Mum and Dad's roof and rules, I'm studying and not sure if I can get Austudy and have a casual job making $300 one week, sometimes $1000 another, my boyfriend has an apprenticeship so is on a low wage. What could help our application?

8. Another example, say I'm a 20-something single mum, and my parents said that I can't stay in the family home anymore. Any work that I do is pretty much the cost of childcare, I should be able to get rent assistance and I get some child support, what would make a landlord happy to have me as a tenant?

9. How about if I'm an international student on a student visa. My parents have saved and given me this opportunity to study in Melbourne, I'm not entitled to any government benefits in Australia, my parents are paying for my education but not my living expenses. I can work 20 hours a week on my visa. What can I do to improve my chances to get a rental property?

Longview Property Managers & Advisors

Call: 1800 931 784

Website: https://longview.com.au

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