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Rental Applications: Do’s and Don’ts | KT Confidential EP 153

On this podcast, episode 153, Adrian discusses the importance of taking proper steps in order to have a successful rental application. This topic comes from a recent situation where Adrian received an excellent rental application which happened to have some red flags that raised concerns.

Make sure that all of your information is clearly printed on the application, as well as any supporting documents. This just makes the process easier and faster for everyone involved. On applications, don’t leave any blanks. This will just slow down the agency’s processing of the application, putting you at risk of losing the property to another applicant who has submitted a fully completed application.

Make sure all of your referees are aware that you are applying for a property and that they are happy to address any queries you may have. Referees may be less reluctant to provide a reference over the phone if they receive these calls unexpectedly. This slows down your application even further, and it’s possible that you’ll miss out on the property. When going to a rental inspection, don’t dress shabbily. Treat the encounter as if it were a job interview, and create an excellent first impression. Dressing professionally creates the idea that you will be a tidy tenant.

Make sure your payroll/HR department is aware that you are applying for a rental property and give them the authorization to call the property manager to check your salary details. A property manager will need to check this information in order to verify your ability to make regular monthly payments. Please keep in mind that this information is kept totally private. If you’re applying for a rental, don’t lie on your application. If you want your landlord or property management to consider permitting you to have a pet, be honest about your job status and pay, as well as whether or not you plan to live with a roommate. It’s always best to have these discussions before signing any papers, so you and your property manager aren’t put in an awkward situation once you’ve started your tenancy.

All of that and more on KT Confidential – Real Estate Podcast.

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The founders, Ariel Kormendy and Adrian Trott, started The Kormendy Trott Team, a real estate team based out of Halton region in Ontario, after both being in need of a change from their successful careers in the automotive industry and both experiencing the lack of service being provided in the real estate industry. They kicked off their careers in 2011 and quickly became a top-performing team in the country, ranking 17th of approximately 200 for Century 21 in 2017; as a team of just the two of them compared to much larger teams. They decided that they needed to take their team from being real estate agents in Milton to the rest of the GTA and beyond by expanding and servicing more areas. The team has since grown to have an administrative arm, media department and successful sales team operating a smooth running and successful business.

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