Millions of us are renters and millions of us are pet owners. But sometimes it’s not easy to be both. 

And while recently passed reforms to Victoria’s state tenancy laws will soon give all Victorian renters the right to live with a pet, not all pet-owning renters are quite so lucky. (Scroll to the bottom of the page to find out what the laws in your state have to say about this issue.)

Here’s how to find a pet-friendly apartment and win over your prospective landlord.

1. Talk to your landlord

It’s an obvious thing to do, but many renters don’t do it – especially when a property listing says “no pets allowed”.

However, previous realestate.com.au surveys revealed that tenants who broached the topic of pets with their landlords were much more likely to get a favourable outcome.

So, don’t be discouraged: Ask the question, but remember to respect the answer.

Trend: Pet-friendly rentals are in high demand

2. Offer more rent

Pet-phobic landlords and property managers are also more likely to relent on their restrictions when tenants offer to pay more rent.

So, if you have a few spare dollars and are willing to pay above the listed rent to guarantee a home for your pets, then make that clear to your property manager. It could be the difference between a yes and a no.

3. Prepare pet references

It’s not unreasonable for a landlord to seek assurances that every inhabitant of their property will treat it with due care.

And while we can’t have pets sign on the dotted line, we can provide details and context about our pets, so that a property manager feels confident about letting them move in.

Create a pet reference that includes the pet’s age, temperament and vaccinations history, and attach a recent photograph, to pull at their heartstrings.

You may also want to include character references from a previous property manager, vet or anyone who can credibly speak to your pet’s behaviour.

Good news: Landlords say yes to pets

4. Keep thorough records

Retain vaccination certificates, vet receipts and other pet paperwork, so that you can easily produce them if required.

It’s also worth regularly sharing these with your property manager, to give them peace of mind about your pet’s health and status.

Making the effort will remind them you are a caring renter and pet owner.

5. Pets-eye view

Think of your furry friend.

Would you want to live in a one-bedroom apartment with no backyard if you were a dog?

Your property search should be suitable for you and your pet. Keeping it within certain parameters will also increase the likelihood that your application will be accepted.

6. Have a trial period

If your landlord or property manager is not fully convinced, ask if they would be willing to lease the property to you on a trial basis.

They can see how your pet is doing in the property, and you can make adjustments to the lease as required.

7. Choose carefully

If you are already in a rental property and thinking about getting a pet, be aware of the space around you.

In smaller spaces, a goldfish is a better idea than a golden retriever.

8. Get agreements in writing

If you agree to pay a little more to have your pet, or are trialling it out for a short period, get these agreed terms in writing.

If there is any confusion or disputes down the track, everyone can defer to those documents.

You can also draw up a separate pet agreement outlining all terms and your responsibilities.

9. Commit to clean

Offer to remove all trace of your pet’s presence when you leave.

While you are already obligated to clean a property when you depart, providing further commitments to deep clean carpets, treat for fleas and deodorise might be enough to get your pet over the threshold.

Finally, remember that it’s not always the landlord’s decision. Strata and communal laws may prohibit or restrict animals in a property, even if the landlord gives their blessings.

Laws for renting with pets in Australia

• ACT: the State government passed new laws in February to allow renters to keep pets without their landlord’s consent. Under these new laws, landlords will have to seek permission from ACAT to refuse a request for a pet.
• NSW: there’s nothing in the state’s Residential Tenancies Act that says you can’t have a pet, but landlords can insert their own pet-preventing clauses into leasing agreements, and NSW Fair Trading recommends seeking permission from your landlord before letting your furry friends move in.
• NT: there is no specific legislation relating to pets and tenancies, and it is up to the landlord as to whether they’ll allow you to keep one. They may have a ‘no pet clause’ in the lease agreement – in which case you’ll either need to negotiate with them or appeal to NTCAT for the clause to be removed – but pet bonds are illegal. 
• QLD: the state government is expected this year to introduce reforms to its tenancy act that would allow all renters to keep a pet. However, under the current legislation, renters must seek written approval from their landlords to keep a pet in their property, with the state’s Residential Tenancies Authority estimating that only 10% of landlords allow tenants to live with pets.
• SA: renters in South Australia must seek permission from their landlords to keep a pet, with many only granting approval on the basis that renters agree to certain conditions.
• TAS: like their South Australian counterparts, Tasmanian renters can only live with a pet if the landlord has granted them permission, or if it is allowed in the lease. Landlords often require pet owners to pay for fumigation at the end of the lease, too.
• VIC: as mentioned earlier, recently passed tenancy laws in Victoria will soon make it much easier for renters to live with their pets. Landlords will still need to give their permission, but the new laws will make it very difficult for them to refuse.
• WA: renters in Western Australia can only keep pets if their landlord consents and the pet is mentioned in the lease. Landlords can also charge a pet bond of up to $260, to cover the cost of cleaning and fumigating when you move out.

Don’t forget to use the pet-friendly search filter when hunting for properties on realestate.com.au/rent

This article was originally published on
9 Aug 2019 at 9:00am
but has been regularly updated to keep the information current.

Renting an apartment or house comes with plenty of upfront costs, but your monthly rent isn’t always the full picture. If you’re not prepared for utility fees or other unexpected charges, the true cost of renting can add up quickly. Understanding these often-overlooked expenses can help you budget more confidently and avoid surprises after you sign the lease.

Whether you’re renting an apartment in Scottsdale, AZ or a house in Nantucket, MA, this guide covers the most common hidden costs of renting so you know what to expect before signing the lease. Ready to budget with confidence? Let’s get started.

1. Utilities

Beyond the monthly rent, renters may also be responsible for a range of recurring household expenses. “One of the biggest surprises for renters, especially those renting a single-family home for the first time, is that they often budget based solely on the monthly rent they see on the listing,” shares the team at 1st Choice Property Management in Fort Worth, TX. “They forget to account for utility costs, which can vary significantly throughout the year, especially during Texas summers.”

Keyrenter Richmond Property Management in Richmond, VA shares the same sentiment, with one important caution: “At our property management company, we encourage renters to review the full lease terms and ask upfront which expenses are included, which are tenant responsibility, and whether there are seasonal costs that may fluctuate. Planning for these items ahead of time helps renters avoid financial surprises and choose a home that truly fits their budget.”

Common utilities and services to budget for may include:

• Electricity
• Natural gas
• Water and sewer
• Trash and recycling
• Internet
• Renter’s insurance

2. Utility setup and amenity fees

Even after you’ve accounted for your monthly utilities, you may encounter one-time setup fees or additional charges for amenities. The North Dakota Apartment Association in Dell Rapids, SD, recommends asking about these costs before signing a lease. 

“Amenity fees can also add unexpected costs, including charges for parking, use of a community room, pool, or fitness center. Ask about these fees during tours and before signing the lease so you understand the full cost of renting. Best advice, ask questions and read your lease.”

3. Maintenance and upkeep

For renters in a single-family home, the monthly rent may not cover all the work needed to keep the property in good shape. Depending on the terms of the lease, renters may be responsible for more than what they planned for. 

“Ongoing home upkeep such as lawn maintenance, pest control, and routine property cleanings can become meaningful expenses over the course of the lease,” adds the team at 1st Choice Property Management. 

4. HOA fees

Renters should also find out if a property is part of a homeowners association (HOA) before signing a lease. While HOA rules can vary, they may include requirements for how a home’s exterior and landscaping should be maintained. Depending on the lease, renters could be responsible for following these guidelines and may face additional costs if they don’t. 

“If the property sits inside an HOA, there are often written standards for how it must look, and the lease typically makes the tenant responsible for meeting them. An HOA can issue a formal violation notice and a fine, and repeat violations can compound,” explains the team at Specialized Property Management in Dallas, TX.

5. Lease renewal fees

Renters may budget for the costs of moving into a new home, but it’s also worth considering what you’ll pay if you decide to renew your lease. Some property management companies charge a fee, so renters should ask about this cost before signing an initial lease.

“Rental and tenancy law changes more frequently than most renters realize, and it varies by city and state. A lease that was fully compliant last year may need updated language this year to reflect new disclosure requirements, notice periods, or fee caps,” explains Specialized Property Management. 

They go on to share, “Responsible property management companies have their lease agreements reviewed by legal counsel on a regular cycle, not just at signing. The renewal fee typically covers the administrative cost of that review and the updated agreement, not just a signature. Ask your property manager upfront what the renewal fee is and what it covers.”

6. Move-out expenses

Moving costs are another hidden cost or renting. Renters may also need to set aside money to prepare their home for the next tenant, especially when moving out of a single-family rental. 

 “Most leases require the tenant to return the property in the same condition it was received excluding normal wear and tear,” shares the 1st Choice Property Management team. “That often means budgeting for services like deep cleaning, carpet cleaning, trimming bushes, refreshing landscape mulch, and other items necessary to prepare the property for moving out.”

7. Renters insurance

Renters insurance is always an expense to consider when budgeting for a rental. While coverage requirements vary by property, some landlords require tenants to have a policy in place before moving in. 

“Many first-time house renters coming from an apartment have never carried renter’s insurance, because it wasn’t required or wasn’t top of mind. In a single-family rental, it almost always is required. Renter’s insurance protects the tenant’s own belongings and provides liability coverage if someone is injured on the property,” explains Specialized Property Management.

Before signing a lease, check whether renter’s insurance is required and what type of coverage you’ll need. Adding the cost of a policy to your rental budget from the start can help you avoid an unexpected expense at move-in.

8. Pet fees

Finally, if you’re renting with a furry friend, don’t forget to factor pet-related costs into your rental budget. Some properties charge a one-time pet fee or deposit, while others may require an additional monthly pet rent. Make sure to ask about the property’s pet policy before signing a lease so you know exactly what you’ll be paying and can account for these costs alongside your monthly rent.

How to avoid unexpected rental costs

1. Read the entire lease to understand your financial obligations.
2. Ask what’s included in rent to clarify which utilities and services are covered.
3. Confirm your maintenance responsibilities to know what upkeep you’ll need to handle.
4. Ask about additional fees to check for pets, HOA, renewal fees, or more.
5. Budget for move-in and move-out costs to plan for deposits, cleaning, and other expenses.

Common hidden costs of renting: Final thoughts

Renting for the first time can come with a learning curve, especially when it comes to understanding the true cost of a home. Thinking beyond the advertised monthly rent and considering other expenses can help you create a more realistic budget. The best way to avoid surprises is to understand the full cost of renting before signing a lease. So, get ready, ask plenty of questions, and read the fine print before you make your move.

Click here to browse our Real Estate Agent Directory and contact top-rated agents in your area!

To find a real estate agent for renting, start with an online directory that lets you compare local agents who handle rental properties, then review their experience, client feedback, and knowledge of your market before reaching out. If you’re a prospective tenant or a property owner in the U.S., the right agent can make the rental process easier by helping you find listings faster, understand local pricing, and negotiate with more confidence.

Introduction to the Rental Process

This guide is designed for both prospective tenants and property owners who want to streamline the process of renting a house by finding and working with the right rental agent. Whether you’re searching for your next home or looking to lease out your property, understanding how to connect with a qualified rental agent can save you time, provide access to exclusive listings, and help you navigate the complexities of the rental market.

Navigating the rental process can feel overwhelming, whether you’re a property owner looking to lease your space or a prospective tenant searching for your next home. With so many rental listings and different neighborhoods to consider, it’s easy to get lost in the details. That’s where hiring a real estate agent or broker can make all the difference. Real estate professionals bring a wealth of knowledge about current market dynamics, helping both property owners and tenants understand the best strategies for success. By working with an experienced agent, you gain access to valuable insights about available properties, local market trends, and the steps involved in securing a rental. This guidance ensures that every stage of the rental process—from browsing listings to signing the lease—is handled efficiently and with confidence.

A rental agent is a real estate professional who specializes in helping clients find rental properties. Some agents focus exclusively on rentals, while others may focus on sales. Working with an agent who specializes in rentals often leads to better guidance and a faster leasing process.

Click here to browse our Real Estate Agent Directory and contact top-rated agents in your area!

Benefits of Hiring a Professional

Choosing to work with a professional real estate agent or broker during your rental journey comes with a host of advantages. A rental agent specializes in helping clients find rental properties, and their expertise can make a significant difference in your experience. Some agents focus on rentals, while others focus on sales, so it’s important to find one whose specialization matches your needs.

Benefits for Prospective Tenants

• Access to Exclusive Listings: Agents can open doors to rental properties that may not be available on public platforms, giving you a competitive edge in busy markets.
• Negotiation Skills: They’re skilled at negotiating favorable lease terms, ensuring you get the best deal possible while staying within your budget.
• Streamlined Search: Real estate agents match you with properties that fit your specific needs and preferences, saving you time and effort.
• Guidance Through the Process: Agents help you organize required documents, understand lease terms, and navigate the application process.

Benefits for Property Owners

• Attracting Qualified Tenants: Agents can help market your rental property effectively and attract reliable tenants.
• Optimal Rent Rates: Their expertise ensures you secure the best possible rent rates for your property.
• Efficient Communication: Agents facilitate smoother communication between landlords and tenants, reducing misunderstandings and delays.
• Faster Leasing: Specialization in rentals correlates with better guidance and a quicker leasing process.

Now that you know the benefits, let’s look at where to find a rental agent.

Where Can I Find a Real Estate Agent for Renting?

Whether you’re looking to buy, sell, or rent a home, the easiest way to find rental agents is through online real estate directories. Online real estate directories are hubs for collecting real estate agent data based on location, number of transactions, credentials, certifications, and client reviews. In many markets, it can be challenging to find agents who prioritize rentals, making these directories especially useful. They are also a convenient way to get matched with a realtor for rental units that fits your criteria.

Effective Ways to Find Reliable Rental Agents:

• Personal Referrals: Ask friends, family, or colleagues for recommendations. Personal referrals can help in finding reliable real estate agents.
• Online Listings and Directories: Use reputable online platforms to browse agent profiles, check credentials, and read client reviews.
• Interview Multiple Agents: Interviewing several agents allows you to compare their rental experience, local knowledge, and approach, helping you select the best fit for your needs.

>>MORE: Finding a realtor is easy with FastExpert!

If you’re looking for a real estate agent that specializes in finding homes for rent, you don’t want to waste your time with someone trying to convince you to buy a house. In addition, if you have a property, you may want to search for an agent to rent your home.

When you search for a real estate agent through FastExpert, one of the most popular and trustworthy online real estate directories on the internet, you get access to the most experienced and trustworthy agents in your area. This includes agents specialized in connecting their clients with their dream rental properties. You can browse through agent profiles and see their credentials, certifications, years of experience, number of sales, and even client reviews! Be sure to read reviews from past clients to assess the agent’s credibility and suitability for your rental search.

FastExpert’s service is completely free for the client. So there’s no risk to you for connecting with a realtor for rental units through FastExpert. It’s a win-win! Market realtors often have access to exclusive rental listings and a broad network of landlords and property managers, giving you an advantage in your search.

Now that you know where to look, let’s explore what to search for when browsing for a rental agent.

What to Search for When Browsing for a Rental Agent

Rental agents specialize in helping clients find rental properties. To ensure a smooth rental process, it’s important to check for local expertise, verify credentials, and confirm that the agent is familiar with local landlord-tenant laws and typical rental processes. Verifying an agent’s credentials can prevent potential issues and ensure you’re working with a reliable professional.

Agent Services

A good rental agent offers a range of services, including:

• Marketing your property
• Conducting viewings
• Handling negotiations
• Guiding you through the leasing process
• Ensuring all legal requirements and documentation are handled correctly

Their expertise is especially valuable in competitive markets, where high demand and limited inventory make it challenging to secure the best rental opportunities.

Market Knowledge

Look for an agent with strong knowledge of current market conditions, as this helps them secure the best deals and navigate pricing and availability. A knowledgeable agent can also guide renters through the complex leasing process, ensuring all legal requirements are met and documentation is handled correctly.

• Experience with a range of property types (houses, condos, townhomes)
• Access to the multiple listing service (MLS) for up-to-date rental options
• Familiarity with local neighborhoods and average rental rates
• Ability to evaluate the right neighborhood for your needs

Client Reviews

Client reviews are incredibly helpful when narrowing down a rental agent to choose from. Take it from the people who worked with these agents directly and weigh out the good and the bad.

• Read through 2-star and 3-star reviews and compare them with the agent’s 5-star reviews for a balanced perspective.
• While a 1-star review could be very telling, these are often written from a place of frustration rather than honesty.

Key Qualifications to Look For:

• Short average listing times (indicates strong negotiation skills)
• High number of successful rental transactions
• Positive client feedback and testimonials
• Verified credentials and certifications
• Local expertise and knowledge of landlord-tenant laws

With these qualifications in mind, you’ll be better equipped to select a rental agent who can guide you through the process efficiently.

Now that you know what to look for in a rental agent, let’s discuss what to expect when working with one.

What to Expect from an Agent

When you partner with a real estate agent for your rental needs, you can expect a tailored and attentive approach from start to finish. Your agent will begin by getting to know your priorities—whether it’s your ideal location, monthly rent budget, or must-have amenities—and help the renter organize the required documents, including proof of income, during the application stage. With this information, they’ll curate a list of relevant rental listings and arrange property viewings that fit your schedule.

Throughout the rental process, your agent will act as your advocate, communicating with landlords, negotiating on your behalf, and helping you understand lease terms before you sign any contract. They’ll keep you informed at every step, so each person knows where they stand in the application process. By providing expert advice and access to up-to-date market information, your real estate agent’s job is to guide you through each step with fewer surprises and help you make confident decisions for a smooth transition into your new rental home.

With a clear understanding of what to expect, you’re ready to begin your rental property search.

Rental Property Search

The search for the right rental property is a crucial part of the rental process, and having a clear strategy can make all the difference during your broader rental search and apartment hunt. With countless listings for apartments, houses, and even commercial properties, it’s important to focus on what matters most—location, amenities, and monthly rent. Prospective tenants should consider their budget, preferred neighborhoods, and any special requirements when evaluating available properties.

A knowledgeable real estate agent can be an invaluable resource during your rental search. They’ll help you navigate rental platforms, filter through listings, and identify properties that align with your needs. Agents can also do more than point you to generic sites like Craigslist, since they can arrange showings and surface better-vetted listings. Agents often have access to high quality photos, detailed descriptions, and even exclusive listings that aren’t widely advertised. By working closely with your agent, you can streamline the search process, avoid time-consuming dead ends, and find rentals that truly fit your lifestyle and budget. Whether you’re looking for a cozy apartment, a spacious house, or a unique commercial space, a well-planned rental property search sets the stage for a successful leasing experience while saving time.

Once you’ve found the right property, it’s important to understand how your agent will be compensated for their services.

How Are Real Estate Agents Paid for Rentals?

Typical Fee Structures

When buying or selling a property, the real estate agent is paid a commission, which is a percentage of the purchase price of the home. However, with a rental unit, the costs work differently, and broker’s fees can be significant in some cities. Instead, the agent’s fee for rental services is often structured as follows:

• One Month’s Rent: The agent may charge the equivalent of one month’s rent as their fee.
• Percentage of Annual Rent: Some brokers charge between 5% and 15% of the annual rent, depending on market conditions and the complexity of the services provided.

Agents should explain their fees clearly before the rental process starts.

Who Pays the Fee?

• In some cases, the landlord pays the agent’s fee, either in full or in part.
• In other cases, the tenant is responsible for paying the agent’s fee, often equivalent to the first month’s rent.
• Real estate brokers are typically involved in dividing the commission, and brokers play a key role in facilitating the transaction.
• It is important to negotiate terms, including fees and lease agreements, to ensure both parties are satisfied.
• All lease agreements must be complete and properly signed to finalize the rental process.

>>MORE: How Do Real Estate Agents Get Paid?

Regional Variations

• In New York City, broker fees can be one month of rent.
• In other markets, the structure and responsibility for payment may differ based on local customs and regulations.

Understanding how agents are paid helps you budget for your rental search and avoid surprises during the leasing process.

The Bottom Line

In conclusion, if you’re planning on renting, you’re going to need a real estate agent, specifically a rental agent. And it’s easy to find a realtor in the USA via online real estate agent directories.

The best and most trustworthy online real estate agent directory today is FastExpert. FastExpert.com matches you with experienced, trustworthy agents that specialize in rental properties in your city!

It’s completely free, easy to use, and proven successful. Fill in your zip code, browse through agents in your area, and see the reviews for yourself!

So, you have a spare room, and a friend or family member needs a place to stay. Naturally, you offer to rent it out to them.

Or maybe you’re the renter, and a friend or family member offers you a spare room. You figure it’s a win-win: They receive a cash flow boost, and you inherit a landlord/housemate who doubles as a friend.

After all, what could possibly go wrong?

Well, a fair bit, as it turns out. Here are five tips to avoid a rental nightmare.

Renting to mates can work, but it can also go horribly wrong.

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A good idea gone bad

“Don’t do it,” wrote one friend, when I asked about her experience renting from a family member. “WORST THING I EVER DID”.

While she acknowledges the renting was probably a trigger for something that was going to happen anyway, she remains upset by what happened, and concerned that others may make the same mistake she did.

“I think in hindsight it was the start of the end of the relationship,” she says. “The renting led to a breaking down of boundaries, and, then, ultimately to the breaking of the relationship. We barely speak now.”

So, how can you avoid this kind of relationship breakdown if you’re renting from, or to, friends and family?

1. Think before you jump

Have you heard the old saying, “you don’t know someone until you live with them”?

Anything that irks you about someone isn’t going to vanish when you live together. In fact, it’s likely to get worse in close quarters.

So, give the situation and the personalities some thought. Ask yourself: Do we lead similar lifestyles? Which parts of my daily life would annoy my friend or family member? And vice versa? What’s at stake here? What would happen if it did go wrong? Could it ruin our relationship? And what would happen if it did?

2. Sign an agreement

No matter who you rent to, or from, and no matter what the reason, always sign a rental agreement. Yes, it may be awkward to negotiate at first, but the consequences could be far more damaging.

If you get it right from the start, living with friends and family can be a great experience, and one you might repeat.

For instance, Leona told us about a couple she knew who moved in together, not long after they had first got together.

It was the woman’s apartment and so she had her boyfriend sign a rental agreement, because she didn’t know anything about his living habits.

“They said it was awkward at first, but it saved any potential resentment or misunderstandings,” Leona says.

It ended up working out really well. So well in fact that, several years later, the same couple lived with the man’s mother for about eight months, and, before they did, signed another agreement outlining their living arrangements.

Even if you’re in a relationship with the person renting your home, you should still stipulate a rental agreement.

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3. Outline the ground rules

Getting everything right at the start is crucial to any rental relationship.

Barri rented from a friend-landlord, and says that outlining the ground rules was one of the main reasons they lived together happily.

“We were living together, so it was as much about living with friends as the landlord/tenant relationship,” he says.

Barri recommends sitting down and setting out the ground rules before doing it. Not just the financials, but any house rules – like when it’s ok to have people over, or how you split the housework.

“Try not to do this in the pub, and give each other time to think on it, after first talking,” Barri says. “Put it in writing and get a witness.”

4. Respect the financial transaction

Renting from anyone – friend, family, or stranger – is a financial transaction. So treat it like one. Keep money front of mind and don’t avoid discussing it.

“Don’t ask for any favours with rent or bills,” Barri says. “It puts horrible pressure on your friend-landlord, as they feel they have to agree, and then if you don’t pay, they’re in a horrible position, putting the whole relationship into jeopardy.”

“And, from the tenant side, it’s really important to think about your friend’s financial commitments here,” Barri says. “It’s their mortgage at risk, not yours.”

Bills should always be paid on time.

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Always pay rent and bills on time. And create a kitty for day-to-day expenses like household shopping, cleaning, supplies etc.

“Friends or family constantly having to ask for money from each other is just really awkward and unnecessary,” Barri says.

5. Take away the most common friction points

Living with someone, it doesn’t take long to work out what your friction points will be. Once you work them out, take steps to solve them before they get out of hand, to avert a relationship breakdown.

No matter your age, gender, or who you’re living with or renting from, the most common share house complaints (other than money) are about cleanliness and who ate all the food.

“Get rid of those stupid arguments about housework,” Barri says. “If you can afford it, get a cleaner. If you can’t afford it, keep a rota and stick to it no matter what.”

Barri also suggests getting a regular basic shop sorted to be delivered to eliminate those arguments about who finished the milk.

And finally…

Like any relationship, communication is everything when you’re living with friends or family, so make sure you think it through, talk about it, and have an escape plan in place, to prevent things going pear-shaped.

This article was originally published on
13 Sep 2019 at 9:00am
but has been regularly updated to keep the information current.

While thousands of Australians are madly saving deposits right now to buy their first piece of real estate, not everybody wants to own a home.

Almost 110,000 started mortgages between October 2014 and October 2015, according to the ABS. That’s more than 15% of all property purchasers in Australia today.

But the headlines often miss the point that not all tenants are desperate to climb the proverbial property ladder and plenty of Aussies rent by choice because they see benefits outweighing the perks.

Pro-renters say leasing their homes from someone else is, or was, better than putting their own names on title deeds, for a number of reasons.

1. You can live a cheaper, more footloose lifestyle

Ryan Ebert lives just 4km from Melbourne’s CBD.

“I choose to rent … for lifestyle reasons, cost savings and also the flexibility of not being tied down; these are all benefits of renting,” Ebert says.

Lifestyle, transport, culture: Rental hotspots for young professionals

2. Renting can make investing affordable

By far the biggest advantage, Ebert says, is the fact he’s been able to afford to buy two low-cost investment properties while renting, and avoid all the extra ongoing costs of home ownership.

I choose to rent for lifestyle reasons, cost savings and the flexibility of not being tied down.

Renting means you can simultaneously be a tenant and a landlord.

“The biggest one, by choosing to rent, has been getting two investments … by the age of 25 and without having to sink everything into a high mortgage and commit for the next 20 years to paying off one place,” he says.

Sylish makeovers: 10 tips for making your rental feel like home

3. Live in a fancier home than you can ever buy

Gold Coaster Vanessa* also rents by choice, admitting she accepts the reality she simply cannot afford to buy her own home.

“Yes I rent by choice. I’m a single female with no kids, only my pets, who also is self-employed,” she says.

Renting allows me to move according to my changing lifestyle.

“It’s near on impossible for me to save for a deposit let alone be granted a loan.

“So while my circumstances prevent me from buying… I’ve also decided that it is actually more beneficial for me to rent overall than to buy. Renting also allows me to move easily according to my changing lifestyle and financial circumstances.

“My rental home has four bedrooms and two bathrooms and is in Molendinar on the Gold Coast.

“I pay $500 per week including $400 electricity credit (and) it is pet friendly.”

Home characteristics: Pet friendly rentals still coveted

4. Renting makes it easier to move addresses

Lacey Filipich was a tenant for more than a decade because it better suits a changeable work life.

“I rented for 11 years on the basic premise that you can rent your lifestyle cheaper than you can own it,” says the Western Australia-based 30-something.

“It also made moving for work much easier. I’ve moved 18 times in 13 years. And I loved being able to delegate all responsibility for repairs to the agent. I still think renting is a fabulous way to go.”

Filipich and her husband recently bought their first family home because the couple knew they’d reside in one location for the medium-term.

“I consider buying a home to live in a luxury; it’s not something I’d recommend unless you’re financially stable,” she says.

I consider buying a home to live in a luxury.

“We did it because we want to stay in one spot for several years after all our moves and renting leaves you susceptible to being asked to leave if the owner wants to sell or move in.

“Also, we found a home going cheaper than usual in the area we love due to a deceased estate so although we’re still paying more than we would renting, it’s a good deal from our point of view.”

*Surname withheld for privacy reasons.

Contrary opinion: 5 reasons buying your own home trumps renting

This article was originally published on
31 Oct 2019 at 9:00am
but has been regularly updated to keep the information current.

Despite Australia’s reputation for being an animal loving nation, when it comes to finding a pet-friendly rental it can be hard.

Landlords are often nervous about potential damage or the hassle of pet tenants and it’s estimated only 10 per cent of rentals allow furry housemates.

However, attitudes towards pets and renting are changing.

More than 60 per cent of Australians have a pet.

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Our 2014 Tenants and Sharers report found landlords are open to accepting furry friends if tenants paid slightly more rent.

The data also shows four out of five landlords will say yes, as long as there are guarantees in place, such as insurance and a compulsory flea fumigation at the end of the lease.

Some tenants may try to have a pet and not inform their property manager.

However, if caught, which is likely with regular property inspections, you risk being evicted and blacklisted.

Discuss with your landlord

If you want to let with your pet we recommend asking, even if there is no pet-friendly signs. 

Just because a property isn’t marketed for furry friends doesn’t mean the landlord won’t let you bring in those family members.

If you have been a good tenant  then it is most likely they will allow a pet as replacing a renter is a lot of effort, so you have a lot more power than you may think.

https://www.youtube.com/watch?v=aE6l-1r75LI

Organise to chat with the landlord or property manager to see if it’s a option.

But remember not all landlords will be able to say yes to pets. 

Their first obligation is the maintenance of the property – and some rentals are not compatible to share with animals. 

But with renters starting to have success by kicking off the conversation, we think it’s worth asking.

Read more: pets and apartments

Reforms 

Having an animal in a rental property is mostly at the landlords discretion in Australia.

However, with more than 60 per cent of households having a pet, matched with a dropping rate of homeownership, more renters are wanting pet-friendly accommodation.

This has resulted in legislation making it illegal to refuse an assistance animal and at least one state government has introduced a separate pet bond.

Encouragingly in  2018, Victoria became the first jurisdiction to overhaul rental legislation completely, making it easier for tenants to have animals.

It has been a popular reform and we expect more states will follow.

If you have a pet, be honest with your landlord about owning it.

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Changes in the Tenancy Act pet lovers should know about

Times are changing when it comes to landlords and pets with many states becoming more flexible toward furry tenants.

Victoria 

Recently, Victoria took the unprecedented step of giving tenants the right to have a pet. 

According to the new laws tenants must get permission to have an animal.

However,  landlords wanting to reject a pet tenant must plead their case before the state tribunal.

The reforms have not yet come into force, but are part of a suite of rental changes to be progressively implemented by July 1, 2020.

New South Wales 

Pets are allowed in rentals in NSW but you must have the consent of the landlord.

It is the renter’s responsibility to ensure the property is suitable for their animal and they are liable for any damage caused.

Furthermore, if you have a pet that is excessively loud or a nuisance interfering with the peace of your neighbours, it can be deemed a breach of your lease. 

However, if a landlord carries out a rental inspection they must take care if an animal is on the lease.

If they fail to do so, for example, they leave the gate open and a pet escapes, they can be held liable.

Queensland

In Queensland it is estimated 62 per cent of households have a pet, but only one in ten rentals allow animals.

Currently, a tenant must have permission in writing for their furry tenants.

Landlords are often reluctant, highlighting damage and issues with pets attracting fleas as the main reasons.

But with an increasing scarcity of pet-friendly accommodation, attitudes are changing and rental laws, relating to pets, are currently under review.

Attitudes are changing toward fur babies in rental properties Picture: Getty

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Western Australia

This is the only state in Australia where a pet bond is enshrined in law.

Landlords are allowed to charge up to $260 to cover the cost of fumigation at the end of the lease.

This is on top of the normal bond.

Pets must be included on the rental agreement, which will state the number and type of animals allowed and the whether they must be kept inside or outside.

South Australia

Keeping pets in rentals in SA is up to the property owner.

It is estimated two out of three households have pets in the state and it appears landlords are increasingly accepting animal tenants.

It is recommended renters submit a pet application, and a pet agreement must be signed before the animal moves in.

Pet bonds cannot be charged.

Tasmania

According to the Residency Tenants Act of 1997 (Tasmania) a tenant must not keep pets without their landlord’s permission.

There has been recent calls to review the rental rules to make it easier for renters, however, the government has ruled out changes at this time.

Know more: tips for renting with pets

If you are a pet owner you are responsible not only for the welfare of your animal but also how they behave at home.

While many rentals will have “no pet” clauses sometimes a simple discussion with the landlord or property manager can convince them to change their mind.

Tenants must get the consent in writing and will also need to carry out additional cleaning when leaving the property.

While it may be daunting landlords are increasingly accepting animals and it’s worth having the conversation.

This article was originally published on
31 Oct 2019 at 9:56am
but has been regularly updated to keep the information current.

Many of us spend time renting while we save up to buy our own dream home.

So how can you get into your own place as quickly as possible while still paying the rent? We asked a financial adviser for his tips on what renters can do to increase their chances of buying.

If there are large credit card debts it could be detrimental to your borrowing ability.

The challenge of saving a deposit

According to Martin Speiser from Masu Group, the biggest obstacle for renters who want to buy is saving a deposit, particularly in big cities where rents are high.

“Renters are spending a lot of their disposable income on rent,” Speiser says. “This makes saving very hard.”

“It is also tough for young people as lifestyle is a priority – so it’s hard to tell a twenty-something not to go out and party or travel,” he says.

Despite the challenge, Speiser says saving a deposit is critical.

“Banks no longer lend 100% of the purchase price, so without a deposit you cannot buy,” he says. “It is also more difficult for parents or others to go as guarantors of loans these days”.

But while saving a deposit should be the main focus of renters who want to buy their own property, there are some other things to keep in mind.

Look at the bigger picture

Speiser says changes to the first home owner’s grant and the limiting of stamp duty concessions in some states doesn’t help.

This has often happened at the very same time as property prices increased.

ABS data shows how many Australian home buyers took out the first home owners grant between 2007-2016.

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This means it pays to spend time looking at the bigger picture and how this could affect your ability to buy property, whether positively or negatively.

“As prices increase, affordability reduces, and the deposit required increases,” Speiser says.

Speiser also says that, far from being a benefit to new home buyers, low interest rates actually make saving harder.

“You would think low interest rates would help buyers,” Speiser says. “However, if you are trying to save in a bank and interest yields are 2%, that’s not a lot of growth you are getting.”

Bank policies on lending have also been shifting – not only the Loan to Valuation Ratio (LVR) or how much they will lend on the value of the property, but also their willingness to lend in certain areas where they feel there is oversupply, like Docklands in Melbourne.

“If they do lend, it may be at lower LVRs,” Speiser says. “And the lower the LVR the higher the deposit needed.”

Prepare yourself financially

Speiser’s advice to those looking to purchase property is simple.

“Save, save, save, and try not to rack up personal loans and credit card debt,” he says. “If there are large credit card debts it could be detrimental to your borrowing ability.”

And be pragmatic about how you can help yourself achieve your goal.

“Many young people also choose to stay at home longer to save,” Speiser says.

Research the property market

Speiser says that, while most people know where they would like to live, you should always thoroughly research the property market and be open to exploring the benefits of new areas. Consider essentials such as access to public transport, schools, shops and other amenities, as well as any negatives.

And use sites like realestate.com.au/invest to check recent sales prices and go and visit properties currently on the market to see what your money really buys you.

Take a long-term view

If you can’t afford the area you like or the property that suits your lifestyle another option can be to buy an investment property. Speiser says this can be a good idea provided you have a long-term time frame.

“Generally property investing should be done with an eight to ten year time frame,” Speiser says. “I have seen many cases where people who rent and buy investment properties are better off long term than those buying a home and paying it off.”

But this is not a one-size-fits-all approach to getting on the property ladder and Speiser cautions that many factors need to be considered including the type of property, the potential for growth, income and the effect of negative gearing.

There’s also the option of buying off-the-plan. While Speiser says it is not without its own risks, it can help you keep saving a deposit while getting a foot on the property ladder.

Be informed about the process

Speiser says renters should also spend time researching the process of buying their own property and be fully informed about the costs – from stamp duty to legal or conveyancing fees.

For instance, prospective buyers should be aware that banks will not lend on the purchase price, they lend on valuation.

“If the valuation comes in lower than the purchase price then more of a deposit is needed,” Speiser says.

This article was originally published on
31 Oct 2019 at 1:00pm
but has been regularly updated to keep the information current.

Renting with friends is an exciting stage in life, but it can be a challenge if you are a first-time tenant or have bad credit.

Landlords are looking for the best candidate possible for their property, and most will carry out a credit check on potential tenants. 

Unfortunately for first timers, having no credit history is often viewed on par with a bad credit history.

This is because it is difficult for landlords to assess whether you pose a financial risk.

Renting for the first time is a challenge, especially when you have bad credit.

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Having no credit history or a black mark against your name could lead to you being overlooked by owners, meaning you may struggle to find a rental.

But don’t worry, there are a few things you can do to improve your appeal.

Know more: Make a winning rental application

Move into a share house 

Landlords are not the type to take a chance on a student fresh out of school or university.

One of the best ways to combat this is to move into a share house. 

Even if it’s only for a short period, this will help you prove that you are a good tenant and can be relied upon to pay rent on time consistently. To benefit from this arrangement, though, you’ll need to make sure that you officially sign onto the lease as a co-tenant. 

Get a roommate

If possible, try and get a property with a roommate who has a solid rental record.

If one of you has a strong rental background, it will help convince a landlord that you are less of a liability.

It is even better if your roommate is willing to sign the contract for a property solo and put you on the lease as a co-tenant at a later date.

Getting a roommate with good credit will help. Picture: Getty

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Create a financial buffer

If you have the funds, offering to pay extra rent up front will help alleviate a landlord’s concerns you will miss rent.

Tenants are commonly asked to pay one month rent in advance.

Try offering six to eight weeks to create a bigger safety net.

This will be beneficial for prospective tenants with a bad credit history.

Read more: Our complete guide for first-time renters

Character references 

A glowing reference can go a long way.

It is best to submit at least two strong letters of recommendation with your rental application, attesting to your trustworthiness.

Make sure the references are from a valid source, such as an employer or community leader, as a nice letter from mum and dad is unlikely to make an impact.

Get a guarantor 

Talking of parents and relatives, check if they are willing to co-sign your lease or guarantee all your rental payments.

This is common if you are moving out of home. It allows your parents to offer a helping hand, without infringing on your independence.

This will also reassure the landlord that the rent will be paid, regardless of what happens.

Your guarantor will need to sign a contract.

This guarantee often also includes a promise to cover any outstanding cleaning costs or damage at the end of the lease.

Raise the stakes

If you are struggling to get a rental, as a last resort, offer to pay a slightly higher amount of rent.

As long as it is within your budget, you can add an extra $10 to $20 per week to the rental fee.

On a weekly basis, it is a fairly minimal change, but over a year it will add between $520 to $1040 in rent revenue.

This added bonus will be a very attractive offer to a landlord and difficult to pass up.

Location

If you are renting for the first time with no credit or bad credit, where you want to live will play a major role in determining the success of your search. 

In competitive rental markets you will face more difficulty getting a house.

So, perhaps look further afield to improve your chances.

Once you get a good rental history, it will be easier to move back into the suburbs you initially had set your heart on.

Look outside out competitive rental areas if it’s your first time.

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Clear your debts

Whether you like it or not, your landlord is likely to investigate your credit history to make sure that you are going to be a reliable tenant.

It is best to pay any outstanding debts before making a rental application.

If you cannot square everything you owe, try getting a personal loan and consolidating debts, which looks less alarming on paper.

Phone bills and credit cards should be among the first to be paid off. But be wary of predatory lenders that offer low level loans to get you back in the black, as these often charge very high interest payments, and, if you fail to pay, you will have another black mark against your name.

Move on from your past

Sometimes a bad credit history is the result of issues out of your control, such as losing your job.

Handing over proof of income, along with a letter of recommendation from your employer, will go a long way towards proving your reliability if your circumstances have changed. 

If you have turned your credit situation around, it also pays to submit bank statements showing personal savings.

This article was originally published on
31 Oct 2019 at 4:25pm
but has been regularly updated to keep the information current.