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  • Writer's pictureRon Riddell

Winning the Rental Race: How to Stand Out Among Multiple Applicants

The rental market continues to be competitive, with properties receiving multiple applications and rents continuing to rise. Securing a property in your desired location and budget can be challenging, especially with several applicants applying for the same properties. 


If you’re in the market for a new rental, it’s essential to present yourself as the ideal tenant to gain a competitive advantage and increase your chances of getting the property you want. Here’s how you can stand out among multiple applicants and find a new home faster.

Rental application

Have All Your Documents in Order


Making things simple for the landlord is essential when several people are applying for the same property. The owner is unlikely to follow up with you asking for missing information. Instead, they’ll simply move on to the applicant who did provide a complete application.


Have all your documents in order and keep your rental application concise and straightforward. Make sure all required documents are organized and accessible. This professionalism can make a strong first impression on the landlord or listing agent and increase your chances of getting selected.


Understand the Landlord’s Requirements


Make sure you understand the landlord’s requirements before applying. For example, are they looking for a long-term tenant? What is their ideal move-in date? Tailoring your application to meet these preferences can set you apart from other applicants.


It’s also important to ensure you meet the necessary income requirements. Most landlords require tenants to have an income at least three times the yearly rent amount. Ensure your income meets or exceeds this to reassure the landlord of your financial stability.


Rental Home Promax Realtors

Offer Above Asking Price or Negotiate on Terms


In competitive rental markets, offering to pay above the asking price can make your application more attractive to landlords. While it may stretch your budget, it could ultimately be the deciding factor in securing the rental property.


When offering more money isn’t an option, you can also consider negotiating on terms. For instance, if the landlord is looking for a minimum one-year lease, offer to sign a two-year lease. Or, if they provide free parking but you don’t need parking, tell them you won’t be needing the space.


Negotiating on lease terms and showing the landlord your flexibility can help set you apart from other applicants and give you your best chance of securing a property.


Have Excellent References


A positive rental history can significantly boost your chances of being chosen as a tenant. Obtain letters of recommendation from previous landlords or provide contact information for them to vouch for your reliability as a tenant.


This is especially important if you have pets. Your new landlord will likely inquire about your rental history with pets, so ensure you have excellent references to reassure the owner that you will take good care of the property.


Check Your Credit


Your landlord will check your credit score, so you should check it before applying, too. Ideally, you want a credit score above 670 to demonstrate financial responsibility.


If your credit score needs improvement, consider taking steps to repair it before applying for your next rental. There are various resources available online to help you improve your credit score. 


Should you need a new home but don’t have time to improve your credit score, consider offering a double deposit. This can effectively mitigate the impact of a lower credit score, enhancing the strength of your application and making it more appealing to the landlord.


Renting home

Apply for Your Next Rental With PROMAX


PROMAX Management works with residential property owners to connect them with tenants in DC and Northern Virginia. Apply for your next rental with PROMAX keeping these things in mind. By presenting yourself as a financially stable, responsible tenant who meets the landlord’s requirements, you can increase your chances of securing your desired rental property.

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