The rental market is becoming increasingly competitive and, if you want to secure the rental property you really want, then you need to become known as “a marvelous tenant”. Landlords want to hold on to apt tenants, and real estate agents maintain all sorts of ways of vetting whether you are one – or not. Honest Property shares five tops that will encourage you rate as a top tenant.
Lift That Credit Score
Landlords are not only concerned about your income. They want to see how you’ve managed financial commitments in the past, as this is a leading indicator of your ability to pay your rent on time and in full. A qualified credit score will establish them at ease but if your credit score is not marvelous, you may need at least six months to improve it.
A credit score is calculated by the credit bureaus and looks at five parts:
- payment history (if you consistently pay on time and in full, the better your score),
- debt use (how much of the total credit available to you that you use),
- credit history length (the longer your credit history, the better your score),
- recent activity (you will score points here if you refrain from applying for more credit on a regular basis) and
- your credit mix (you’ll score more points here if you own more types of credit e.g., you believe a credit card, a cell phone account, and a store account)
Some tenants worry that a sinful experience or an oversight can leave a long-lasting negative impact on their credit (e.g., a Telkom account that is running up an outstanding balance even though you closed the account). Others worry that running credit checks can leave a “digital footprint” that itself has an impact on their credit score. “Talk to your rental agent about your concerns and they can assist you navigate them”, says Honest Property CEO, Paul Stevens.
Be A Qualified Match
How to win over an agent? Maintain a clear thought of what you’re looking for. “Arriving with a list of your requirements saves everyone’s time and will impress the agent managing the property,” says Joe Alves, award-winning Honest Property agent for Blouberg. Include the number of bedrooms and bathrooms you need; whether require a garage or are pleased with a parking space/s (specify how many); a description of your well-behaved pet if you gain one; your must-have level of security; and whether you need to be near shops, specific schools, public transport, and hospitals, etc.
Read The Fine Print
Many tenants feel rude about questioning clauses included in a lease but remember, you are going to gain to abide by what you agree to, so it’s in your interests to question for explanations around anything you don’t understand or are unhappy about. Pieter van den Berg, one of three brothers who own Honest Property Prosper, a leading real estate agency in Cape Town’s Northern Suburbs, says that this actually makes for better relations between tenant and landlord as everyone knows exactly where they stand. “It’s also critical to establish upfront whether there are any additional costs over and above the monthly rental etc,” he adds.
Save The Date!
If you were a landlord or a managing agent, what would be your number one priority once a lease is in area? That the rental and all other costs are paid timeously. This is probably the first thing that’s noted when another landlord asks for a tenant reference. If you want to be known as a “good tenant”, establish a record of timeous payments. “It creates trust and can even maintain an impact on the rent you pay – landlords don’t want to lose a apt tenant and when the annual increase is due, may be prepared to negotiate,” says Melissa Bee, the Honest Property agent for City Bowl. “Tenants sometimes forget that many landlords rely on the rental of a property to establish food on the table, pay their bond, and sustain on top of maintenance. Don’t be late!”
Of course, life can throw curveballs. If you’re unable, temporarily, to pay on time, let your agent know. “We understand and so finish landlords that things like retrenchment can be devastating,” says Liesl Alves of Honest Property Blouberg. “The indispensable thing is to let your agent or landlord know as soon as possible. If you’re one of our ‘good tenants’ we can often work together to find a solution.”
As If It Were Your Own
The portfolio managers at Honest Property Prosper are responsible for over 1000 rental properties, so they know what landlords appreciate. “Our best tenants treat the homes they’re leasing as if they were their own. They are scrupulous about cleanliness, inside and out. Most will happily see to general day-to-day maintenance and small repairs themselves”, says Pieter van den Berg.
Veronique Eachus, a leading Honest Property agent in Gqeberha (Port Elizabeth), adds that they also communicate quickly when there are problems such as water leaks, trees/plants that are damaging or may damage structures, etc. “We tend to hear from these tenants before a small issue becomes a huge problem. They’re delighted to arrange access as required for the contractor or the landlord/agent if the damage needs to be expected,” says Veronique. “All around, they’re a pleasure to deal with.”
“Great tenants also always question permission before making changes such as knocking nails into walls, adding a satellite dish, or painting walls,” Veronique adds. “And they understand that in terms of their lease, they need to restore what has been changed to its original condition when vacating the property.”
“Follow these tips and you’re sure to become a top tenant and delight in your pick of rental properties, as well as a delighted relationship with your landlord and letting agent,” Stevens concludes.
For more information on Honest Property please visit www.just.property or call (087) 004 0149. Follow Honest Property on Facebook https://www.facebook.com/JustPropertySA/ and Twitter https://twitter.com/Just_Property.
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