Prospective Tenants vs "Rental Crisis"

We have advertised for one of our Properties and may I say the quality of the responses is appalling.

There were more than 50 enquiries, and over 20 Applications.  Not all Applicants send an Enquiry, and not all Enquirer send Applications….We emailed to them all and about 4 responded. Then sent an SMS, another 2 responded.

A week later we advertise for another Property in the same Suburb, but totally different type.  Have some same people sending enquiries.Repeat the process above and have similar results.

Needless to say we now have a "Black List".
Really wonder if the "Rental Crisis" is a hype.

So thought we'd just share with the OzB Community who are looking to rent:

  1. If you are interested in a Property, send an enquiry with details of your situation. Not a blank enquiry and expect the Agent to get back to you
  2. If you receive a response, do reply altho you might have found elsewhere or no longer interested.
  3. If you attend the Open, do speak to the Agent and make an impression to him/her
  4. Only submit an Application if you are genuinely interested.

Peace!

closed Comments

        • Yes and then happily voted for mass immigration to drive the prices up so they can retire a millionaire and ring up talk radio and tell their peers over the airwaves that young people are lazy.

    • +2

      Yeah people on $150k incomes not being able to live within 30km of Sydney hmmmmm

      • And people living within the same 10km radius for 20 years now having to move 30km out of town.

  • -6

    It’s all a hype, there is no rental crisis. Plenty of properties on the market to rent. People just have false expectations. Landlords wants high rent and tenants wants low rent or don’t think the property is worth the rent.

  • +7

    Is the property still available and is there a Pensioner discount?

    • +2

      Why would pensioners get a discount? They've had their entire life to save up for retirement

      • -1

        potentially becuase they might be seen as lower risk tenants? Eg no parties

        • +9

          You guys missed the joke. OP posted another thread similar to this about how buyers should behave when they respond to a Gumtree/Marketplace ad. OP was against the message "Is this still available" and demands interested buyers show more effort in their responses (just like this thread). Baysew has met the minimum standard set by the OP by adding in the "is there a pensioner discount" line. LOL

      • Discount /s

      • +1

        Whilst I agree with the general sentiment let's not lose sight of the fact that not everyone is dealt the same hand in life.

        disease, mental illness, circumstance, bad luck can all cause someone to have an end of life experience that isn't great compared to what you may expect. I love to crap on about boomers, but I do recognize that they are a subset of a class of people that includes less fortunate ones.

        • I agree, there should be a discount for those who are less fortunate in life, and that might include many pensioners

          But a specific discount for pensioners, both those who are less fortunate and those that have been fortunate, does not achieve this at all

  • +6

    Definitely a problem at landlords end.

    Their living in LaLa land there is a major crisis but at the lower price end of the market in regional Victoria many homes were bought up during covid as holiday homes as potential lockdown homes out of the city. Also as international travel wasnt happening people looked at domestic holidays.

    A lot of these homes are either vacant for the most part or Airbnb as a much better earner than rentals.

    Walk past any regional real estate office and their are very few rentals advertised they are normally snapped up within days.

    So sounds like landlord is either way to pricey or something seriously wrong with the properties people want a home over their heads.

    Unless your real estate agent is hopeless with no people skills the price is too high.

    • OP self manages and overworked.

  • +12

    Lol. Talk about a douchbag

  • -1

    If there are a lot of enquiries then you probably are missing some sort of key information in the advertisement. Did you include the price, rental length and such?

    The rental crises is over hyped for sure, but it's still a pain to find a place.

    • I mean, there's 116,000 homeless people in australia

      • -2

        There were over 100k homeless people in 1999.

        Im not saying there isn't a problem, and the government(s) should be doing more, but the term 'rental crises' is a farce.

        • Why did this get downvoted?

          If you look at the government stats for homelessness only a very small percentage of the 116k from last census were actually without a home, many fall under other "types" of homeless including:
          - persons living in severely crowded dwellings (51k)
          - persons in supported accommodation for the homeless (21k)
          - persons living in boarding houses (17k)
          - staying temporarily with other households (17k)

          None of that sounds great but the media will have us think the entire 116k are in the bucket of living in improvised dwellings, tents or sleeping out when in reality it was 8200.

  • +1

    Sounds like your REA isn't doing their job..we don't do any of the chasing usually I get a call after the weekend with any applications and REA gives a summary of the tenant's situation and I just have to tell them yes/nah.

    If you don't have a REA, well then you don't really get to whinge if you don't want to pay someone to sort out the nitty gritty for you

  • +3

    Am I missing something, but I have never had to sent an inquiry before applying for a rental? Did you NOT have inspection date that people can see and register to without enquiring?

    • +1

      Prospective tenants are probably looking at the hoops they're expected to jump through and concluding that living at the property will be similarly annoying. I'd definitely raise an eyebrow if I was expected to disclose a lot of personal information before I've even had a look at the property.

  • +7

    You have a blacklist in a rental crisis? Ar you for real?

    • +2

      I think OP might have just admitted to a crime

      • Which one?

  • +4

    talk about home owner privilege

    ¯_(ツ)_/¯

  • +4

    Why do you care about quality of responses you get if you get responses? I leave shifting through the responses and applications to my real estate agent, they just show me the top 1-2 applicants (they tell me x applications went in but I don't need the details if they aren't in the running).

  • +6

    hahaha what an absolute joke

  • +7

    delete your account

  • +8

    Geez this is worse than a job interview lol.

    Isn't the tenant like a customer and should be treated as such? Imagine if a business owner were to have this high horse attitude lol, it would go bankrupt pretty fast.

  • +11

    Are we treating home inspection like a job interview now? Really?

    • +4

      It's easier to get a job than a roof these days.

      Even if you need security clearance, you probably still need to disclose a lot less info.

      Meanwhile, we know absolutely nothing about our dear landlords other than their (very generic) names.

      • +4

        there's a fb group thats been putting together a pretty substantial landlord and property blacklist

    • +1

      Yes, right down to the microchipped status of your pets.

  • +5

    In a perverse way, the more hoops the better for smart renters. I’ve been in this situation as a renter - 50+ people turn up for the inspection. But we did everything this landlord wants, I wrote a schmaltzy letter about “not wanting a house - but a home” (I’d cringe, but it was in the spirit of manipulation :), then we got the property. These aren’t the biggest smallest hoops to jump through.

    • +1

      How much more rent did you offer? Or do you live in a state where rent bidding isn't allowed?

      In Sydney, if there are 50+ people, very little chance of being selected unless are the top bidder.

      • +1

        I didn’t offer more rent. It was Vic.

  • +3

    From what I've read in various renting related threads, if a landlord has issues with tenant ie. Damaged house, non paying renter, it's part of the risks. If landlord doesn't like those risks, heshe should buy stocks instead of a property.
    But if landlord exercises due diligence and taking actions to mitigate risks, whether it be not allowing pets or getting a better picture of renter, it's "how dare you think about yourself before me!!".

    Damn if you do, damn if you don't.

    • +12

      It's almost like exploiting people's basic human rights by comidifying housing is looked poorly upon by everyone.

    • +1

      The same things happen on the other side. Even worse. If renters having issues with renting a place they can afford, it's part of the life: move away for the city, buy your own house, etc. And if government want to build social housing, it's a waste of taxpayer money, market interference, destroying land value, etc.
      Damn if you do, damn if you don't.

      People do not need to be landlord, but they need to have a shelter as basic human needs.

  • +8

    Ok boomer

    • +3

      and there is the root cause of it all.

  • +4

    I think in OP's mind they we're going to get far more agreement by posting this…

    Sorry OP, it's a bad take and nobody feels sorry for you.

  • +4

    One possibility is that your property is a complete dump. Chances are that it's also overpriced, which probably makes it worse. No wonder nobody wants to respond to you.

  • Genuine response to OPs post. I feel your pain, but as others have mentioned, sometimes it can depend on the price of the property and whether people will see value in it.

    I recently helped two friends rent out places without real estate agents.
    1) nicer house, nicer suburb, but more expensive. Had 15 enquires, 3 people showed up, 2 were decent candidates

    2) tiny house, big kitchen, only 1 bathroom way worse suburb. 8 enquires, 7 people showed up, 1 offered more than asking rent.

    I have been self managing mine for 12 years, and I was genuinely surprised. Sometimes it can be hard to pick, but the rental “crisis” appears to be impacting the cheaper properties a lot more than more valuable ones.

    Maybe yours is a more expensive property in the area?

    • +2

      Is it really that hard to select a decent tenant, even in the absence of some of what the OP is asking for? If their income is appropriate for the rent you're asking for and they seem relatively presentable and polite at the inspection, isn't it likely they'll pay on time and keep the place in a reasonable state?

      Is there a practical difference between taking your #1 candidate and your #10 if they're both capable of paying on time and don't look like they're going treat the place like shit? Surely a crappy tenant is more an exception than a rule (I have no idea, not a LL). I am a renter and keep the place that I live in good condition for my own benefit, because treating it poorly would defeat the purpose of seeking out and paying for a nice place.

      In saying that, I can see how this might be a bit more complex for cheaper properties, as the prospective tenant priorities may be harder to ascertain and where more restricted income may make it harder to determine who will be able to pay and who will respect the place. I've been in a lot of properties in low SES areas, and it's interesting to see how people with low income in a less than stellar abodes manage to keep their homes looking absolutely, immaculately beautiful. On paper they were likely identical to other prospective tenants who may not have been as good.

  • +3

    How many properties do you think people are applying for? Do you really think we have the time or energy to be your mate? you're the one exploiting a basic human right for profit.

    • -3

      exploiting a basic human right for profit? wtf did I just read? the communist manifesto?

      • +5

        You disagree that housing is a basic human right? What's next, healthcare should only be available to those that can pay for it?

      • +2

        lol Reds under the bed. Real original

  • -5

    Lmao people mad triggered in this thread because they think OP is to blame for the rental crisis. OP is just sharing his experience, and in fact helping provide housing to some and people still find a reason to complain. Calm down, it’s not personal, it may be just that specific area that has bad quality applications and may not explicitly apply to you.

    • +4

      No, it's because OP said:

      Really wonder if the "Rental Crisis" is a hype.

      while stating the they received more than 50 enquiries, and over 20 Applications..

    • +3

      Found REA OP's coworker. Is it true all rea agents are lizard people like zucc?

    • +4

      and in fact helping provide housing to some

      What a saint, can't wait until he receives his bravery award.

      • -1

        Who do you suppose you are renting from anytime you rent a property? Nobody is saying landlords are saints and many can be quite nasty, however I don't understand what point or improvement you are trying to suggest here

        • +1

          I do not think you get it, he is not "helping" like I am helping a person that fell down or a cat that is stuck in a tree. He is providing a service and expecting payment, and there is nothing wrong with that but he is not helping.

  • +5

    If you are interested in a Property, send an enquiry with details of your situation. Not a blank enquiry and expect the Agent to get back to you

    I can now understand why you are struggling.

    Holy shit, you are wanting to hear people's stories to what… inflate your ego?

    I'm a landlord. I now self-manage my properties. When you want to apply for a property of mine, fill out the form with the details I need. I don't care why you're applying. I don't need a cover letter or a sob story. It's not going to matter to me.

    You are what is known as a difficult landlord.

  • +3

    Why are you caring so much about enquiries that you create a black list of those that didn't respond back? That's like if I blocked everyone who does the equivalent on FB Marketplace (Is it still available?). No point.

    What I'm REALLY curious about is what made those 20 applications so unsuitable you had to complain that the rental crisis is fake!

  • +2

    4 Signs You Need a Career Change (the results will surprise you!)

  • +5

    ^^ What causes skyrocketing rent ^^
    Hint it’s not REA’s

    Short term:
    * RBA raises rates to fight inflation, economy shrinks
    * Some investors sell houses anticipating high holding costs and falling values, and new investors refrain from buying
    * Housing supply is unable to meet demand, this shortage drives price competition and the free market (higher) equilibrium price

    What most don’t understand is, a LL with significant LVR, the (annual) rent increases don’t cover the mortgage rate rises (monthly RBA) so it’s in their best interest to charge what the market is willing to bare, not a cent more, regardless of their short term loses.

    Conversely they would never lower the rent below current market rates even if their financing and holding costs are low/nil unless they were unusually altruistic or have a special relationship with the tenant.

    Long term:
    * In order for rent prices to come down, there must be less demand for rental or more supply of housing
    * Govt doesn’t have the political will or resources to build public housing fast enough
    * Private (evil) land lords are the only solution
    * CPI needs to continue to decline to RBA targets,
    * RBA lowers rates
    * Owner Occupiers enter market reducing rental demand
    * Investors enter market increasing supply -> downward pressure on rent

    Is this moral? Arguable, it’s Democratic capitalism which western society is hugely proud of

    How to fix it?
    * Make PPOR interest repayments Tax Deductible like in the USA
    * Get rid of negative gearing
    * Get rid of 50% capital gains discount

    Will it happen?
    * No, because politicians have no appetite for losing value in their SMSF’s & retirement trusts chock full of rental properties
    * They will also not forgo real estate stamp duty and land tax revenue caused by frequent housing turn over

    Slimmest bees dick chance of a Labor/Green House/Senate majority of making inroads but you’re better off winning powerball.

    • I hate neggers, especially those who just do it without even bothering to argue.
      It won't happen because most people don't have the gall to vote for not-so-rich politicians who does not own outrageous amount of assets.

  • +5

    I am renting my home to a worthy family free of charge as housing is a basic human right.

    All I ask is that the tenant cover the basic cost of a few small parts of the landlord responsibilities: all of the mortgage payments, council rates, land tax, building and contents insurance, landlord insurance, body corporate, repairs, agent fees, bank fees, compliance checks, and general maintenance.

    • Well said

    • This is how it should be. Awesome 👍

    • +1

      If everyone had this approach in most capital cities today, the tenant will be paying a lot more than what the current rents are.

    • the basic cost of a few small parts of the landlord responsibilities

      And what are the other larger and bigger parts of the responsibilities? How about the tenants cover that bigger parts instead..

      • +1

        I'm a good person so I'm giving the tenant a free ride for alot of the other costs.

        But I'm not judging you if you decide to add in stamp duty, time spent managing the property, development costs, complaints, allowance for vacancies, depreciation, legal issues, insurance excesses, and additional insurances not covered with the basics.

        • Add maintenance

          If only there was a way where a tenant could pay one weekly amount where its significantly less than all those property ownership costs combined???

  • Sounds like low quality or lazy prospective tenants but this isn’t anything knew and is vetted by the REA or self managing owner.

  • +2

    Not sure if you are a landlord or REA. Either way your suffering warms my heart(which seems to be the general consensus on here). Both groups are partially responsible for the state the market is in right now. I'm not sure if you were delusional enough to try and find sympathy on here despite that or were hoping your lecture to ozbargain would somehow improve the quality of your applications.

  • +2

    Can you pay?
    Will you damage?
    Date ready to move?

    3 questions are important here

    I'm not telling you why I need it, should be obvious bozo

  • +3

    This is such a dick post. We had 65 enquiries on our granny flat.

    6 were granted an interview / inspection. Came down to 2 in the end.

    Id say half would have been ok. But we were spoiled for choice.

    Dingbat. There is a rental crisis. There are statistics.

    We used Google forms and asked a few questions.

  • Rental crisis in Australia is just a hype! The thing that's called COVID was just a way to jack up prices, which is more consumer spending, higher turnover for businesses and more money to put in gov pockets labelled as tax.

    Borders were closed, less immigrants with tiny bit increase of people and let's say property numbers are still there same. How can we have a rental shortage unless Australia has importanted double or triple the number of people lives here to cause such crisis. It's just a dirty game to jack up everything including rental market.

    Another example is how gov locked up Queensland borders and marked Queensland as one of the safest places in the world during covid hype. The idea behind is not to care about Queenslanders as they were promoting, but it was all about jacking up Qld property prices as it was one of the cheapest areas in Australia that has a lot to offer.

    • +1

      Some of what you say i agree with, but that border closure meant that "landlords" saw the $$$ in turning rentals into air bnbs to milk the boomers that are now too scared to go overseas. Meanwhile the govt is now going to bring in record numbers from overseas. It all seems like a ponzi scheme….

    • +1

      The facts behind the rental crisis already explained to death on podcasts from The Age/SMH, The Guardian and The ABC. It isn't uniform across all of Australia.

  • +1

    This is quite the entitled post. I've been a tenant and now I'm a landlord and you are clueless.

  • reading the OP's other comments (R click on their username, Open in new tab) to check for troll type, I'm now guessing they're just old and starting to lose their marbles

    multiple properties and complaining about lazy applicants - yeah starting to lose it methinks …

  • -2

    As a landlord, we get silly applicants and time wasters all the time.

    At the end of the day, it comes down to competition.

    If you are a tenant looking for a place to live in where the market is dead and you have the pick of the bunch, then you have negotiating power and the landlord needs to drop rent/ put in more effort to attract applicants.

    If the market is hot with plenty of applicants, then tenants need to work harder to secure a place they like

    Its no different than the job market - or any market for that matter. I don't get why people get so emotional and offended

    • +5

      I don't get why people get so emotional and offended

      Two words: 'Rental Stress'

      We're all fed up having to jump through hoops, having to befriend REA agents, disclose all of our financial details, offer to pay rent upfront, and bet against other tenants, in an attempt to secure shelter.
      REAs don't make it one bit easier by each choosing a different convoluted application form (only about half are using Realestate)

      Our current REA even complained that he received too many requests for references and that he will have to start billing us for his time. It was sent as a "joke". But let me tell you, we didn't really appreciate his sense of humor!

      We also know, that there's a great chance we will have to go through the same process again in a year or two!

      So when a REA/Landlord comes here to vent about his/her mild inconvenience, it's no surprise you get 100s of stressed-out tenants telling him/her off!

      • I get it. I've been a renter myself.

        As a landlord, the amount of absolute horrific tenants out there is laughable. The amount of tenants that turn feral beggars belief. I've had houses trashed with several thousand dollars worth of rubbish removal alone, meth labs, tenants just up and go/disappear and leave everything there, and one where half the house was burnt to the ground. These were all tenants that "jumped through all the hoops" of being a good applicant in the beginning.

        This is why the vetting process needs to be thorough.

        Like all things, its the bad few that ruin it for everyone else

  • -1

    If you look at the "rental crisis" stories that keep appearing on the commercial news networks - it's always the same kinds of people featured.

    One I saw recently was a single mother with 5 kids, looking after her elderly father who only had one leg. Of course they're going to have trouble finding a rental.

    We have a great relationship with our property manager who told us that the "rental crisis" is a bit of a furphy, and that good tenants are not having any issue getting rentals. We didn't have any issues getting a rental recently when our existing owners decided to return to the house.

  • What are you even complaining about? You've written words but I still don't understand what your problem is.

    It would appear that you're upset that prospective tenants applied but then weren't interested. Well, given that there is a rental crisis, tenants apply for multiple properties as they know they're more likely to get knocked back than accepted (and this doesn't necessarily reflect on them as an applicant, could be as simple as wanting to moving in 2 days after another applicant).

    Then you're complaining that it's happening again at another property? Get a grip. People are struggling. You clearly are not. Must hard to have multiple investment properties.

  • Obviously not priced to go like hot cakes.

    I'd have a look at what neighboring properties are going for and put it at the lower end and it will go like hot cakes. You need to figure out how much you gain vs property being vacant for an extra week.

    If lost income $500pw to leave it vacant, then $10pw over the year. If you make it $20pw cheaper than same property it might go like hot cakes and lower holding period gets you across the line. I have heard of people listening to their REA and end up leaving it vacant for 3 months.

  • +2

    "I didn't get any decent' applicants so listen to how you should have done it"

    Isn't it your job to find someone to fill the property?

    I mean if people aren't putting effort into applying, maybe there's a reason..

  • +2

    20 applications but none that are decent?
    So what you're telling me is the rental crisis is caused by landlords buying up all the property but then being super picky about who they rent them back to?

    Sounds like a rental crisis to me!

    • Yep - got a problem with that? buy your own property

  • +1

    "If you attend the Open, do speak to the Agent and make an impression to him/her"

    It ain't a job interview, bruh.

    • yeah "bruh", it actually is

      If you don't get a job you'll be homeless

      If you don't get a home, you'll be homeless

      • Yeah and you'll starve if you can't buy food, that doesn't mean the manager at Woolies needs 3 personal references to sell you a loaf of bread either

        • No, because if you pull apart a loaf of bread in woolies you'll be simply asked (or forced) to leave. If you trash a house, don't pay rent, cause tens of thousands of dollars in damages as a tenant, the landlord ends up holding a significant loss. That's why they need to decrease the likelihood of this happening, and like it or not, first impressions count.

  • +1

    "1. If you are interested in a Property, send an enquiry with details of your situation. Not a blank enquiry and expect the Agent to get back to you"

    It's on the real estate agent to provide details about the property first. Let people inspect, then they can provide further details on their situation. I ain't giving my details up at such an early stage.

    "2. If you receive a response, do reply altho you might have found elsewhere or no longer interested."

    Note that you mentioned 'if you receive a response' - wouldn't you expect the road should go both ways here? Why is it the potential tenants fault when they are left up in the air by the real estate agent?

    "3. If you attend the Open, do speak to the Agent and make an impression to him/her"

    Get over yourself lol. Not everyone is comfortable doing this, nor should they be expected to!

    "4. Only submit an Application if you are genuinely interested."

    I doubt many people are wasting their time to do this. It's likely they're only doing it so they're less likely to be homeless as there are more opportunities for actually getting a rental. You're the one in a privileged position, not them.

  • This thread is hilarious. It's got it akk!

    Entitled landlords
    Entitled tenants
    Top-tier logical fallacy use
    Random trolling
    Assumption-laden vitriol
    Occasional insights
    Elon Musk

  • +2

    Details of my situation? What does a real estate agent need to know? You are not a therapist. I can tell you I want a réntal at this price range for example. As an agent you cannot provide anything other than what's available.

    Your post spits of arrogance

  • Postcode?

  • Most landlords use one of 3 options:
    1 use a good agent
    2 use a good online service instead that offers a real service for a fee, avoid all free sites!!
    3 try Whinchpool first, then play thickhead and come here. Seriously

  • "If you attend the Open, do speak to the Agent and make an impression to him/her"
    You are being paid by the tenant for temporary accommodation. You are not offering the tenant employment. I can understand not appearing suspicious or like you're about to open up a meth lab, but why tf do they need to 'make an impression'. Has the current market situation gotten to your head? Just not too long ago you were begging tenants to fill your properties offering the 3months free rent, toilet paper ..etc.

    • Conversely;

      "The tenant is being offered accomodation for a price. Why should a landlord offer 3 months free rent, free toilet paper…etc"

      Not too long ago, Tenants had the power to pick and choose. Now, Landlords have the power to pick and choose. Landlords just seem to be a much less whingy bunch…

      • +1

        "Why should a landlord offer 3 months free rent, free toilet paper…etc"
        Here's the difference, no one asked for these things. This was just landlords reacting to the market, trying to 1up other landlords when there was a shortage of renters. I don't recall posts on ozbargain from disgruntled renters complaining about agents not offering enough toiletpaper or asking REA agents to do a little song and dance for them for their business.

        I agree landlords and agents now have the opportunity to better vet their potential tenants. But making posts like this claiming there is 'no rental crisis' or telling tenants to 'make a good impression' during inspections is a bit rich. Also pretty sure renters would whinge less if politicians pandered to them like they pander to landlords, or if the rental market was properly regulated like in other countries.

        • Hence why I said "landlords are a much less whingy bunch"…we just do what we have to to get a property tenanted when the market is not in our favour. We don't go on ozbargain and complain how unfair it is.

          Landlords never asked for tenants to make a good first impression either. But if there are multiple tenants applying and their property is highly sought after, then I guess its pretty normal for a landlord to pick the best of the bunch? This might include asking the agent "hey mate - which one of these applicants made a good first impression for you?"

          So how about "tenants react to the market as well" by being more competitive to secure a home? This can include making a good first impression, going above and beyond to beat the competition, which other tenants willing to do the same thing - just like how landlords had to go above and beyond to beat other landlords?

          The Australian rental market is one of the most regulated in the world by the way - and it is heavily skewed in the tenants favour

  • basically, the TL:DR version is - OP "WWAAAHHH I ACTUALLY HAVE TO DO SOME WORK EARN MY PAY CHECK!!!!!! THIS IS SO UNFAIR!!!!!! i WILL BLACKLIST YOU!!!!!!!"

    correct?

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