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The rental market is becoming increasingly competitive, making it crucial for tenants to distinguish themselves as desirable candidates. Landlords and real estate agents screen potential tenants in different ways, so positioning yourself as a trustworthy and responsible person is critical. In this article, we share five top Just Property tips to help you become the ideal tenant and increase your chances of getting the rental property you want.
Boost your credit score
When landlords evaluate potential tenants, they look at their financial history as well as their income to determine whether they are able to pay rent on time and in full. A good credit score can greatly increase your credibility as a renter. If your credit score is not optimal, you should spend at least six months improving it. Credit scores are determined by five key factors:
a) Payment History: Paying your bills on time and in full improves your credit score.
b) Debt Utilization: It is preferable to use a smaller percentage of the total available credit.
c) Length of Credit History: The longer your credit history, the higher your credit score.
d) Recent activity: Frequent credit applications can lower your score.
e) Credit mix: Having a variety of credit (e.g. credit card, mobile phone account, store account) can help your credit score.
Some tenants are concerned that negative experiences or mistakes will negatively impact their creditworthiness in the long run. For example, an unpaid balance on a closed Telkom account. If you are concerned about your credit score, you should discuss it with your rental agent. They can offer advice and help you navigate potential obstacles.
Be the ideal match
To impress real estate agents and increase your chances of getting a rental, you must first define your needs. Arriving with a comprehensive list of your preferences saves time for both parties and shows that you are prepared. If applicable, describe your well-behaved pet, state your desired level of security and indicate your preferences for proximity to shops, schools, public transport and hospitals.
Examine the fine print
Many renters are hesitant to question rental clauses, but understanding and agreeing to the terms is critical. You can build a transparent relationship with your landlord or real estate agent by seeking explanations for anything unclear or unpleasant. According to Pieter van den Berg, co-owner of Just Property Prosper in the northern suburbs of Cape Town, open communication about tenancy clauses promotes better relations between tenants and landlords. In addition, any additional costs beyond the monthly rent should be clarified.
Payments must be made on time.
Once a lease is in place, landlords and property managers prioritize timely payment of rent and other charges. This factor is often important when providing tenant references to other landlords. Building a track record of on-time payments not only builds trust, but can also have an impact on the rent you pay. Landlords value good tenants and may be willing to negotiate an annual rent increase to retain reliable tenants. Melissa Bee, a Just Property agent for City Bowl, reminds tenants that rental income is critical for landlords to cover their expenses, such as mortgages and property maintenance. Being on time with your payments shows your trustworthiness and respect for the landlord’s financial obligations.
Unexpected events can of course disrupt your ability to pay on time. If you are experiencing temporary issues, it is critical that you notify your agent as soon as possible. “We understand that life can bring setbacks, such as budget cuts, which can be devastating,” says Liesl Alves of Just Property Blouberg. Solutions can often be found in cooperation by reporting your situation to your estate agent or landlord as soon as possible.
Take care of the property as if it were your own.
Just Property Prosper’s property portfolio managers manage more than 1,000 rental properties, giving them a unique insight into what landlords value in tenants. According to Pieter van den Berg, their best tenants treat rental properties as if they were their own. They place a high value on cleanliness, both inside and outside the property, and they are proactive in addressing general maintenance and minor repairs.
Excellent tenants, according to Veronique Eachus, a leading Just Property estate agent in Gqeberga (Port Elizabeth), immediately communicate problems, such as water leaks or potentially damaged trees or plants. They prevent minor problems from becoming major concerns by reporting problems early. In addition, these tenants are happy to grant access to contractors or the landlord/broker during repairs.
“Good tenants always ask permission before making any changes, such as hanging pictures, placing a satellite dish or painting walls,” emphasizes Veronique. It is critical to understand that any changes made must be restored to their original condition under the lease before leaving the property.
You can position yourself as an ideal renter by following these top tips, accessing a diverse rental offering, and building a positive relationship with your landlord and rental agent. Adrian Goslett, regional director and CEO of RE/MAX in South Africa, also suggests hiring a letting agent to help you correctly price your property and thoroughly screen potential tenants. With the help of a professional rental agent you can achieve long-term stability and profitability of your rental properties.
Finally, presenting yourself as a responsible renter with a solid financial record, clear preferences and a respectful attitude to the property will greatly increase your chances of securing your dream home.
