What does it take to be approved for a rental property? Sam Dalby finds out with Taylor Bindslev
Sam Dalby: Good day, guys. Sam Dalby here, talking with the lovely Taylor Bindslev. Taylor, thank you for joining me.
Taylor Bindslev: Thank you so much for having me, Sam.
Sam Dalby: Now, Taylor’s an expert in all things property management. I get a question come up quite often as to what it takes to get an application approved for a rental property. So tell me, what does it take?
Taylor Bindslev: We try to make it not a lengthy process. We try and get this done as soon as possible. Once people provide us … they fill their application forms, as long as they’ve got all their documents in order, we can get that done pretty quickly.
Sam Dalby: Awesome. You mentioned getting all the documents together, what documents do you actually need?
Taylor Bindslev: We need bank statements, payslips or Centrelink statements, depending on the person’s income, photo ID. If they’ve got details from their previous agent, such as a ledger or something like that, that really helps as well.
Sam Dalby: Brilliant. So when you’re actually receiving all these documents, the actual application form, what are you looking for?
Taylor Bindslev: We’re looking for affordability, mostly. As long as one third of their income can definitely be covered to the rent, that’s the main factor we look for.
Sam Dalby: And obviously people provide you previous references, either work, employment and past agent. Do you actually contact these people?
Taylor Bindslev: Yes, most definitely.
Sam Dalby: Okay, awesome. If someone wants to have a look at one of your rental properties, where do they go to?
Taylor Bindslev: Give us a call or they can fill out an inquiry form online. As soon as we hear from people, we’re happy to jump over in the car and show them.
Sam Dalby: Awesome. Taylor, thank you very much for joining me today.
Taylor Bindslev: No worries. You’re very welcome.
Sam Dalby: No worries, guys. Any questions, make sure you subscribe to the link below and we’ll answer all your questions there. Thank you very much.