weekly rent payments

“I’m applying for a property. How can I show the landlord / agent that I can meet weekly rent payments?”

Feature agent: Jarrad Mahon, Managing Director/Licensee at Investors Edge Real Estate.

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We asked managing director / licensee at Investors Edge Real Estate, Jarrad Mahon for his advice.

“The easiest way is to give them a copy of your pay slips,” Jarrad said.

“The rule of thumb that most agents look for is that your rent is less than one third of your household income.”

“If you happen to be over this ratio, and you know that with your tight budgeting skills you can still afford the rent, then I would also include a copy of your bank account statement.”

Jarrad said showing agents your savings will also give them more confidence about your ability to pay the rent.

Have a burning question you’d like answered? Send your question and your state to marketing@rent.com.au 

Jarrad Mahon

Jarrad Mahon is an experienced real estate industry thought leader who is a passionate property investor, real estate agency owner and the “Go To” for Perth property investment insights.