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Renting For the First Time Here’s What You Need to Know!

When you are new to renting, or when you are unable to find a house to rent within your budget, all you need is a professional property manager by your side. If the market is hot and you are considering renting, then this guide is for you. If you want to get more information regarding professional property manager then visit our website. Read more: https://freedomrealtors.com.au/renting-for-the-first-time-heres-what-you-need-to-know/

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Renting For the First Time Here’s What You Need to Know!

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  1. Renting For the First Time?Here’sWhatYou NeedtoKnow!

  2. Ourteamofpropertymanagersisheretohelpyoumakeinformedchoices. Whenyouarenewtorenting,orwhenyouareunabletofindahousetorentwithinyourbudget,allyou need is a professional property manager by your side. If the market is hot and you are considering renting,thenthisguideisforyou. Lookingforahousethatsupportsyourfinancesaswellasneedscanoftenbeadifficulttask.Attimes,you may find a home in a jiffy while many times, you may have to struggle to get exactly what your heart wants. Insuchacasewhereyouareunabletofindyourselfahomeforrent,itissuggestedtocontactthe professionalpropertymanagers.Foranyqueryrelatedtomanagingyourproperty,callFreedom Realtors.Ourpropertymanagementgroupisheretoguideyou. Thefirstandtheforemostthingthatyoumustdoistoprepareachecklistforrentingahouse.Itshould containallthepointsthatyouarepotentiallylookingforwardtoandallthosethingsthatyoudonotwant.

  3. Forinstance,add: Budget(howmuchyoucanspend),credit(lookintothecredithistory),utilities(extraservicessuchastrash,water,etc.), housesearch(usingresourcessuchascontacts,online,propertymanagers) Nowletusseewhatyouneedbeforeapplyingtorentaproperty. Thefirstthingistotalktoapropertymanager.Itisimportantbecauseyouwillbeabletosecurealease.Asafirst-time renter,youmayhaveahardtimegettingapprovedbecauseofnorentalhistory.So,callaprofessionalpropertymanager. Everyrenterhasbeenafirst-timerentersoifnowit’syourturn,thereisnothingtoworryabout.Hereareanumberof documentsthatyoucanusetostrengthenyourapplication.Ifyouhavetheseinhandandifyouorganizethembefore startingtherentalprocess.Itmeansyoucanapplyforpropertiesfaster.Also,youwilllooklikeamuchstrongerapplicant inthepropertymanager’seyes.

  4. Here’swhatyouneed: Employmentandincomeverification.Thesewillprovethatyoucancovertherentalamount. Referenceeitherfromyouremployeroranotherstaffmember.Thiswillproveourcharacterandgivereferencefor reliabilityandresponsibility. Aneighbor’sreference.Aneighborcancomequitehandyastheycantellyouhowyouareonaproperty. Personalreferences–Anythingthatcantellhowyouareasapersonandwhyshouldapropertymanagerchooseyou. PhotoIDisamust Arecentphonebilloranyotherutility.

  5. KeyConsiderations Onlineisbyfarthebestplacefromwhereyoucanpotentiallygetalotof options. But even before you start scouring the property websites to searchforasuitablehousetorent,herearesomethingsthatyoumust consider. Createalistofmust-havesandniceonlyforthelist.Includeeverything thatyouneed,allyournecessitieslike,numberofbedrooms,typeofcar space,anyspecificpreference(diningspace,outdoorplayareaforkids, pet-friendly etc.), location, nearby park, public transport and other amenities. Addallessentialitemsandalsomakealistoftheitemsyoucanabsolutely compromisewith.

  6. InspectingRentalProperty Checkingoutpropertiesonlineisfineandaftershortlistingyoucangoand inspect,fillouttheapplicationandsignalease.Whenyougoandinspect, youmightgetcarriedawaywiththebeautyofthepropertyandmayeven picture yourself sitting in that exact spot, drinking your coffee in the morningandwhatnot.Here’sathing.Donotgetcarriedaway.Therearea numberofthingsyoumustfocusonbeforejumpingtothefinaldecision.

  7. MustConsiderthefollowing: Thereisnodamage.Notedownifthereisany. Takeaphotoandmentionittothepropertymanager. Makesurethegardeniswell-maintained.Allappliancesareworking. Askquestionsandseekadvice. Documentssuchasacopyofresidentialtenancyagreement,theconditionreport,andacopyofthebondlodgment formwillbeneeded.

  8. UnderstandingLegalTerms ResidentialTenancyAgreement It is a legal, binding contract between the tenant and the landlord. This agreementsetsoutallthelegaldetails.Itiscommonlyknownasalease.If yougetthisdocument,justreaditthoroughlybeforesigningit. Theresidentialtenancyagreementwillincludethefollowing: Thenameandaddressofthetenant,thepropertymanager(ifdifferent) andtheowner. Startandenddatesoftheagreement. Rentamounttobepaidandhow. Standardtermslikewhatthetenant,theownerandtheproperty managercanandcannotdo. Typeandlengthoftenancy. Otherrulesandconditions.

  9. Bond Abondactsasasecurityforthelandlordincaseyoudonotmeettheterms ofyourleaseagreement.Youwilleithergetitbackattheendofthelease oritmaybeusedforanycleaningandrepairs,ifrequired. Justnotethatthebondcannotbeusedasanypartofyourrent.Itmeans whenyouaremovingout,youneedtopayyourrentinfulltilltheagreed upondate.

  10. ConditionReport Thisdocumenthaseverythingindetailliketheconditionoftheproperty priortothetenantoccupiesit.Itwillincludeeverythingfromfittingsand fixtures. Itisyourdutytochecktheconditionreportagainstthepropertyitselfand makesureitincludesanydamageorissuesthatyoumayhavenoticedin thehouse. Tenantsaregivenanumberofdaystoseethedetailsinthereport.They aregiventimetoconfirmordisagree.Remember,theconditionreportwill be used most probably in case of a dispute regarding anything in the propertylikecleaning,repairs,big,small,any.So,itisimportantforyouto readitright. Notedownalltheareasthatyoudonotagreewith.Thisneedstobenoted inthepropersectionofthedocument.

  11. TheInspectionReport Itmustbecompletedandreturnedtothepropertymanagerortheownerofthehouseinastipulatedtimeframe. Themostimportantthingisthatthelandlordandthetenant,bothmustagreeontheconditionreport.Itisagoodideato takephotosofthepropertybeforeyouactuallymovein. Ifyouareafirst-timerenter,donothesitatetotakethefirststepwithFreedomRealtors.Weareeagerlywaitingtohelp youinspect,report,andfinallysettle. WelcometoyournewhomewithFreedomRealtors!

  12. GET IN TOUCH 1RaphaelSt,HallamVIC3803 0476372002 rentals@freedomrealtors.com.au ContentResource: https://freedomrealtors.com.au/renting-for-the-first-time-heres-what-you-need-to- know/

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