Why are my rental application getting rejected?

Why are my rental application getting rejected?

If the income listed on your rental application doesn’t match verification sources (for example, your pay stubs or recent W-2 form), that could cause your application to be denied. If you haven’t been at your place of employment for very long, this could also be the reason behind a denied rental application.

Can’t rent a house because of bad credit?

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.

Who can I complain to about estate agent?

Complain to trading standards Local council trading standards departments can investigate complaints about letting agents. You can report a letting agent to trading standards if the agent hasn’t registered with a letting agent redress scheme or their practices appear unfair.

What should I do if I have a problem with my letting agent?

You can often get your problem solved quickly by contacting your letting agent first. Explain why you’re unhappy and ask them to sort out the problem. Take someone with you for support when you speak to your letting agent if you feel it will help you. If you don’t want to speak to them face to face or on the phone you could email.

When does an agent have an agency problem?

Agency problem arises when incentives or motivations present themselves to an agent to not act in the full best interest of a principal. Through regulations or by incentivizing an agent to act in accordance with the principal’s best interests, agency problems can be reduced.

What makes a tenant a problem for a landlord?

Hoarding, unauthorized roommates, late (or no) rent payments, illegal activities — tenant issues come in all shapes, sizes and levels of severity. Even with the most rigorous tenant screening process and property rules in place, if you are a landlord or property manager, you are going to deal with a problem tenant at some point during your career.

Is the letting agent responsible for collecting rent?

Letting agents offer several packages; they usually offer a package which means the landlord is responsible for collecting rent, while the agent still manages the property. Take that option. Additionally, that’s usually a cheaper option than full-management, where letting agents take full control.