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4 Tips for a Successful Rental Application

While renting a house may seem like a tricky task, it isn’t that confusing as it may seem to be. All you have to do is research well, shortlist a few houses based on your requirements, and fill tenant application forms on time. But while you fill a tenant application, keep these tips at the back of your mind so that the entire process becomes simple for you.

1) Provide Maximum Financial Details

Landlords and real estate agents prefer applicants who have been stably employed in one job for quite some time. So make sure you provide in-depth information if you have been working at a place for more than a year. If you are a business person or a self-employed individual, provide details of your accountant, a bank statement showing savings, or references from a past employer. The maximum amount of details you provide in your tenant application, the more information you are giving the landlord to verify. After confirming your financial stability from multiple sources, the landlord will most likely approve your application.

2) Write a Cover Letter

The landlord and real estate agent may receive several tenant applications. They may not have enough time to go through every application form, perform background checks, and then select the right tenant. They may just look at some interesting points that meet their expectations and finalize a tenant. Thus, write a few paragraphs about who you are, what you do for a living, and why you wish to move to this house. If you are a married person with kids, briefly introduce each family member. Give a brief rundown of your rental history, and make sure to mention any special pieces of information such as pets. Writing a cover letter with these details will increase your chances of getting the house of your dream.

3) Apply Online

The biggest advantage of the internet is that a lot of crucial tasks can be done online. Use this information to save time and fill our online tenant application form quickly. Forget printing, scanning, photocopying, stamping, and walking to the postbox; fill in a single form that automatically emails all your details to us. We will then help you find similar properties that meet your expectations.

But when filling the online tenant application form, make sure you fill every credential carefully and correctly. If you miss out on any detail, you will have to go back and fill the form again. This will waste a lot of your time, which you don’t want to happen. When the application form is complete, it’s easier for us to approve your application quickly and find the right properties for you. You can fill our online tenant application form from any device while you are on the go and save a lot of time.

4) Uncomplicate Things

The last thing you want to happen to your tenant application is that it gets rejected because the landlord or real estate agent couldn’t understand things you mentioned in the form. Hence, use simple language to describe your employment status and rental history. Only submit documents that are required to avoid confusing the other party. Let every detail be precise, clear, descriptive, yet short.

You can always reach out to our real estate agents if you face any difficulty in filling your tenant application form. Our agents will ensure that you don’t make any mistakes throughout the application process.

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Why Is It Important to Maintain Your Rental Home?

Being the owner of an investment property is a great way to make money. You can simply sit back and let your personal investment grow. Owning an investment property comes with great responsibility. According to the Residential Tenants Act, which includes responsibilities of the landlords, you must provide proper housing to the tenants that meet at least the minimum standards. But why is it so essential. Let’s understand it.

Avoids Extra Cost

You need to ensure that you fix any kind of maintenance problem on your property as early as possible. Ignoring the problems, in the long run, can lead to additional expenses and unnecessary hassles for you when you plan to sell your rental property. Having regular maintenance helps you detect any potentially serious problems early on. It gives the opportunity to repair them in time to avoid unexpected expenses later. A strict maintenance schedule by you and your tenant can keep your property on the back foot in terms of expenses.

Attracts the Right Tenant

If you are planning to rent out your property, maintenance is crucial. Try to put yourself in the tenant’s shoes and think about your expectations from a property that you want to rent. Wouldn’t you want your property to be well-maintained and clean? A poorly maintained rental property cannot attract tenants through the rental listings. Even if you find a tenant, you might be at risk of finding someone undesired. But a clean and well-maintained property increases the chances of getting a good tenant.

Increases the Value of the Property

Your investment property can be your income during your retirement period. When your investment property is in poor condition, the value of the property decreases and that might affect your retirement too. You cannot even keep high rent or increase the existing rent to generate some revenue for poor property. You may lose out on potential profits and may end up selling the property. On the other hand, when you keep your property in good condition, you can easily demand a higher monthly rent and increase your return on investment.

Creates Awareness of the Property

Your tenants should be responsible to keep the place up to the standard. When you follow a maintenance routine, you are updated with various issues or events happening on your property. You may notice the areas that need repair and know if the tenant has taken care of the property or not. If the tenant is failing to do so, you can talk to them or even look for another tenant.

Maintenance is a serious issue, and it cannot be overlooked. If you are experiencing issues maintaining your property, seek help from a professional management service in Calgary, to ensure that your rental home is kept in excellent shape and your tenants happy.