Hello! Welcome to rentingout.com.au.

Firstly, congratulations on renting out your property privately.  It’s not as hard as agents would have you believe but it’s incredibly important to get the whole process right.  We are a completely free website where you’ll find any resources you need for professionally renting out your property.

Some of the information in this site is specific to the state your rental property is in – you can access all states, but please choose your state here;

Please note – we don’t currently have information on renting out in NT or ACT but stay tuned – we intend to very shortly!

Quick Facts about Renting Out in Victoria

Bond

1 months rent if the weekly rent is less than $350
Unlimited if the weekly rent is over $350

Advance Rent

2 weeks if rent paid weekly
1 month if rent < $350 and payment frequency not weekly

Rental Increase

Increase only if specified in tenancy agreement.
Agreement must state the amount of the increase or the method for calculating.

No sooner than 6 months from start of tenancy or date of last increase.
60 days notice.

Exit

Tenant 
from 14 to 28 days
Landlord 
90 days

For more detailed information on Owners obligations and Tenant rights Consumer Affairs Victoria have put together a guide to Housing and Accommodation.

Advertising

Once upon a time - if your property was vacant, you'd contact your local paper and ask to speak with the classifieds department.  You'd put up a simple ad saying "3 bed, 1 bath, 1 car - quiet street, no pets, available now -  $X per week" and your phone number and wait for anyone interested to call.

These days though - everything is online.

There are free options, but they do attract poorer quality tenants - let's call them "B Grade" tenants.  An "A Grade" tenant, a tenant with a good rental history and strong income will only look on realestate.com.au for a property to rent. B Grade tenants know they cant compete with an A Grader so they look specifically for rentals direct from the owner.

Gumtree is the most popular free site and this in turn makes it the most concerning.  We've all heard the horror stories about Gumtree tenants from hell - here's a few of my favourites;

Please don't advertise on Gumtree - it's a bad idea.

We strongly encourage Rent.com.au as the best option for free advertising as it is now the number one rental only website in Australia and most agents now also use it.

Or - if you'd like to advertise your property privately to rent out on realestate.com.au - we can help.

Realestate.com.au is without question the number one property website in Australia, this is undisputed.  If you were researching to buy another investment property - it's where you'd go to start looking and most likely it's where you found any properties you currently own.  There's just one problem - and that is that only licences property agents can advertise there.  You can't simply go to their website and purchase an ad as a private advertiser.

You can however advertise on Domain.com.au privately - but Domain really is the poor cousin to Realestate.com.au and we only recommend it in NSW and Victoria, and even there it's value is questionable.  Pretty much a waste of time and money in the rest of the country and particularly for rentals.

To advertise to rent out your property privately on Realestate.com.au we've teamed up with www.RealPrivate.com.au.  For $99 you can list until rented on Realestate.com.au and have access to manage your listing right thoughout the campaign.

To list your property on Realestate.com.au for $99 click here; http://rentingout.realprivate.com.au

Application Form

Just like Advertising - now everything is done online.  There's nothing wrong with "Old School" paper applications but as a modern owner investor it's wise to understand the expectations of the best quality, premium tenants.

If you'd prefer to stick to what you know with trusty old paper and pens - our printable application is up to date with current compliance requirements and we encourage you to use it in place of the ones you got from your local agent and liquid papered over their logo.

If you'd prefer to use online applications - you need to also purchase paid advertising.  The process used for online applications by traditional real estate agents is www.1form.com.au - but it's owned by realestate.com.au so you need to advertise with them to use it.  To advertise on realestate.com.au for $99 - Click here; rentingout.realprivate.com.au

Assessing an Application

Employer

Friends/Family

Past rental

National Database Check

National Tenancy Database has been supplying quality risk assessment information to thousands of real estate agents Australia-wide for over 30 years. NTD is the leading authority on tenant information and is fully endorsed by REIACT, REIT, REINT, REISA, REIWA and EAC - NSW. National Tenancy Database was the first and is the largest tenancy information provider in Australia and is accepted by the industry as a prerequisite for checking prospective tenants.

To find out more about the National Tenancy Database - go to www.NTD.net.au

What?

The residential tenancy check validates the identity of tenancy applicants using the market leading Identity Verification solution from Equifax, screens them against the NTD’s bad-tenant blacklist and provides a summary of publicly available information (bankruptcies, visa details, court records and ASIC data) in one easy-to-understand report.

Why?

1 in 4 Australians have fallen victim to identity theft. Ensure your tenants are who they say they are.

Approximately 30,000 Australians are declared bankrupt every year. Check a tenant is not a potential financial risk.

More than 4.7 million temporary visas are issued to foreign citizens each year.

More than 127,000 cases are heard before tenancy tribunals each year. Save the time and hassle of going before a tribunal.

How ?

$25 per applicant for a 1form.com.au online application.

$40 per applicant for a paper application - it must be our paper application as this is compliant with required application consent to the report requested.

In either case, a report can only be generated by a real estate agent - so you'll need to purchase advertising to be able to request a report.

To list privately on realestate.com.au - click here; rentingout.realprivate.com.au and you'll be able to also request National Tenancy Database checks.

Condition Reporting

What's the point in asking for a bond if it's not clear and indisputable what it's intended to cover?

I cannot stress this enough - this is the most important and often disputed element when renting out a property.  Do this well and you're likely to get your property back in better condition than you left it.  Do it badly and you're likely to be left with the clean up bill.

Take the time to do this meticulously and in conjunction with your inbound tenant - if there are repairs that need to be done, make sure they are noted and give clear commitments for when they will be carried out.  This way - when the condition report is revisited when the tenant is outbound, everyone remains friends!

Lease Agreement

Consumer Affairs Victoria offers templates online for the tenancy agreements. The state, in accordance with the Tenancy Act, determines that written residential leases should include: the sum of bond paid; the rent amount, period and payment method; the length and type of tenancy; and any special conditions added by either the tenant or landlord.

Please note: any non-standard clauses included in the agreement should be vetted by an expert to ensure they don’t contravene Victoria’s Tenancy Act.

Bond Lodgement

The Residential Tenancies Bond Authority (RTBA) holds all Victorian residential tenancy bonds, including those on rented premises, long-term caravans, rooming houses (buildings where one or more rooms are available to rent, and four or more people in total can occupy those rooms) and sites under site agreements.

The RTBA holds bonds in trust for landlords/agents and tenants, or owners and residents, giving all parties equal say on how bonds should be repaid when a rental agreement ends.

Bonds are repaid either as agreed by the landlord/agent or tenant, or owner or resident. If there is a dispute about how repayment is to be divided, an application may be made to the Victorian Civil and Administrative Tribunal to decide the matter.

The RTBA processes all bond transactions on the day of receipt if they come with a correctly completed form.

If a form has not been correctly completed, a rejection notice will be sent to the landlord/agent. This notice will indicate the issues and possible remedies. Advice of the rejection is also sent to tenants by SMS where a mobile telephone number has been provided.

If you’ve not already done so, you need to organise a specific Landlord Insurance Policy.  Even the best, most professional property managers occasionally let the wrong kind of people into a rental property – and the results can be devastating.

These are inexpensive but highly recommended, we use and recommend mmeinsurance.com as they specifically permit owner managers where most insurers will only cover properties under management.

If you have not already arranged insurance go to mmeinsurance.com.

Landlord Insurance

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Rental and Arrears Management

Advertising for a tenant is only half the job of letting out your home. Once you’ve found a great tenant you need to manage your income (and in some cases rental arrears) and report your expenses.

We use and recommend RentBook.com.au which is a FREE SERVICE whereby you can do away with clunky spreadsheets and losing track of where rent is up to – the RentBook.com.au technology will do it all for you!

Your tenant will be happier too – no more arguments about if the rent is up to date or not, and you can reward diligent tenants with a clear record of their rental payments making applying for properties in future far easier.

And, come tax time – simply email your completed rental statement to your accountant for trouble free tax reporting.

Find out more and try it for free at RentBook.com.au

Every heard the saying "happy wife - happy life"?  The same goes for tenants, and nothing is likely to get them more offside than moving into your property to endless cold showers.

My advice is to treat them well - give them a great first impression of you as an owner manager.  In both our free paper applications  and the online 1Form applications is details of our preferred connections services company - DirectConnect.com.au.  When taking an application from a tenant get them to complete this section and forward it to us at contactus@rentingout.com.au and from the moment you approve them - DirectConnect.com.au will commence the process of getting their services connected in time for moving day.

Electricity, Gas, Phone and Internet Connection

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General Disclaimer

The information presented in this website is general information only and doesn’t replace your need for legal, financial or compliance advice. As the laws regarding residential tenancy may change from time to time we recommend you fact check what we’ve published with the relevant government department in your state and we’ve provided you links to these departments to do so.

If you see something on our website that’s no longer current – please let us know so we can update it. We’ve put this website together as a community resource to make renting out a residential property privately easy and we need your help to keep it relevant.

We will always recommend that you obtain your own independent advice about owners obligations, tenant rights and any legal disputes you may have with a tenant(s) and certainly don’t rely solely on this website as your only resource! Managing an investment property should be easy, and fun – but always back yourself up with appropriate landlord insurances so your totally protected is something does go wrong.