The Rental Application Process Needs to Change with Peter Schravemade

05/15/23 • 31 min

Hello and welcome to The Room Xchange podcast. I’m Ludwina Dautovic and today I’m talking to Peter Schravemade. Peter is an international educator and speaker in the area of Property, Construction and Development Marketing. He’s on the board of Proptech Association of Australia (of which I’m a member). He’s also a managing partner of Reach Australia, a venture capital and private equity firm accelerating the top growth companies into the global real estate industry.
In episode #22, Ludwina Dautovic and Peter Shravemade talk about the archaic rental application process in Australia and the difficulties of applying for a rental property when living interstate.

00:58.14 - Peter Schravemade's background in the property industry

02:25.70 - Current state of the rental market

03:59.34 - Challenges in addressing housing affordability and shortage

04:27.91 - The need for an overarching solution

05:02.73 - Discussion about the broken rental market

06:32.46 - Peter's personal experience helping his daughter find a rental property

08:04.84 - Property inspections and application process

09:02.49 - Stringent financial scrutiny for rental applications

10:13.10 - Various application processes and their complexities

11:43.80 - Property inspections and overcrowding issues

12:36.90 - Mistake in lease duration and missed opportunity

13:27.73 - Frustration and anger over the costly experience

14:42.63 - Expenses incurred and the unfeasible nature of the process

15:10.88 - Conclusion and reflection on the rental process

16:06.60 - The Challenges of the Rental Application Process

16:47.68 - Difficulty in Finding Short-Term Rentals

17:01.58 - Overwhelming Experience of Renting and Lack of Six-Month Rental, lack of Transparency in Lease Requirements and Strain on Property Managers and Market Readiness

18:06.17 - Need for Clear Expectations in Lease Duration, Challenges of Renting from Interstate, International Students and Language Barriers

19:05.97 - Difficulty for International Students in Understanding Regulations

20:00.50 - Frustration with Inability to Secure Rental Accommodation

21:11.74 - Challenges Faced by Self-Manage Landlords

21:55.11 - The Need for Change in the Rental Process

22:27.20 - Excessive Financial Investigation of Tenants

23:59.23 - Concerns About Privacy and Data Security

24:35.11 - Requesting Deletion of Personal Data from Providers

25:13.50 - Importance of Cybersecurity and Data Protection

26:13.34 - Alternative Housing Options for University Students

26:24.73 - Understanding the Property Managers' Perspective

27:02.81 - Overregulation and Complex Application Process

28:22.19 - Centralised Application System and Potential Issues

29:23.38 - Lack of Landlord Influence in the Rental Process

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Email us at [email protected]

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00:58.14 - Peter Schravemade's background in the property industry

02:25.70 - Current state of the rental market

03:59.34 - Challenges in addressing housing affordability and shortage

04:27.91 - The need for an overarching solution

05:02.73 - Discussion about the broken rental market

06:32.46 - Peter's personal experience helping his daughter find a rental property

08:04.84 - Property inspections and application process

09:02.49 - Stringent financial scrutiny for rental applications

10:13.10 - Various application processes and their complexities

11:43.80 - Property inspections and overcrowding issues

12:36.90 - Mistake in lease duration and missed opportunity

13:27.73 - Frustration and anger over the costly experience

14:42.63 - Expenses incurred and the unfeasible nature of the process

15:10.88 - Conclusion and reflection on the rental process

16:06.60 - The Challenges of the Rental Application Process

16:47.68 - Difficulty in Finding Short-Term Rentals

17:01.58 - Overwhelming Experience of Renting and Lack of Six-Month Rental, lack of Transparency in Lease Requirements and Strain on Property Managers and Market Readiness

18:06.17 - Need for Clear Expectations in Lease Duration, Challenges of Renting from Interstate, International Students and Language Barriers

19:05.97 - Difficulty for International Students in Understanding Regulations

20:00.50 - Frustration with Inability to Secure Rental Accommodation

21:11.74 - Challenges Faced by Self-Manage Landlords

21:55.11 - The Need for Change in the Rental Process

22:27.20 - Excessive Financial Investigation of Tenants

23:59.23 - Concerns About Privacy and Data Security

24:35.11 - Requesting Deletion of Personal Data from Providers

25:13.50 - Importance of Cybersecurity and Data Protection

26:13.34 - Alternative Housing Options for University Students

26:24.73 - Understanding the Property Managers' Perspective

27:02.81 - Overregulation and Complex Application Process

28:22.19 - Centralised Application System and Potential Issues

29:23.38 - Lack of Landlord Influence in the Rental Process

Contact The Room Xchange

Tweet us at @theroomxchange and @LudwinaDautovic
Share a story on instagram @theroomxchange
Email us at [email protected]

Previous Episode

Homely Captures the Stories of our Streets with David Webb

Welcome to The Room Xchange Podcast. I’m Ludwina Dautovic and today I have the pleasure of speaking with David Webb, Head of Industry for Homely.

With 14 years’ experience across sales, property management, as a business owner and as an agency supplier, David brings a breadth of knowledge to his work while also seeking to anticipate the demands of an ever-changing real estate industry.

A message from our host and CEO - Ludwina Dautovic

It's wonderful to hear about innovative and disruptive platforms generating value for the real estate industry. Homely's street reviews are capturing the best of our neighbourhoods by giving residents the opportunity to tell the stories of their streets.
"Every street has a story. We give residents the opportunity to share those stories so potential new residents can know the vibe of the street." - David Webb

In this episode on Homely we discuss:

The family business and how it led to Homely
The founders story of how they bought their dream home in the wrong street
Trip advisor sparked the idea. If we can get reviews for holidays, restaurants and more, why not for our streets?
They were featured on The Today Show in the USA and the A Current Affair the next day.
It started as Street Review and turned into it's own portal, called Homely
They partnered with leading real estate agencies
In 2018 it hit #2 is listing volumes
In 2022 they did what has become known as the largest industry capital raise
You can ask questions on the platform and leave a review of a street
The technology legitimises the reviewer to ensure the review doesn't come from spam or inappropriate in language. If so, it gets flagged to their customer care team.
They've noticed the reviews change over time as the suburb has evolved providing great insights into our suburbs.
We discussed if we'll ever see reviews for landlords and real estate agents such as Airbnb
Ludwina proposed the idea that the real estate industry recognise a house sharing arrangement from The Room Xchange as a legitimate form of a rental history and reference. Stay tuned on this one. I'm hoping it may lead somewhere:)

"When will we start seeing house-sharing reference as having the same value as a tenancy reference?" Ludwina Dautovic

This podcast was brought to you by: www.theroomxchange.com

Contact The Room Xchange

Tweet us at @theroomxchange and @LudwinaDautovic
Share a story on instagram @theroomxchange
Email us at [email protected]

Next Episode

Women Helping Women: A Room Xchange Story

Ludwina Dautovic introduces a new segment to The Room Xchange podcast called The Room Xchange Stories. These stories will provide insights and tips about house-sharing and will also include some of her own personal stories. The first one is about women helping women and is a very personal story for Ludwina. As the CEO and Founder of The Room Xchange, she has to deal with the complexities of leading the company as well as continuously hearing about the difficulties everyday people are facing in regards to housing.
After feeling incredibly exhausted at the end of last year, Ludwina put out a call for a place to stay for a few weeks to take a break and reset. Elizabeth, who had been a household listed on their platform, replied and Ludwina moved in two days later.
Elizabeth, a single mother, businesswoman and counsellor, welcomed Ludwina into her mud brick home on a ten acre property in Country Victoria. Ludwina was in awe of the cedar wood and silk walls, and French doors that opened out to a balcony with deers roaming in the garden. She felt grounded and supported by Elizabeth and her 16 year old daughter.
Elizabeth encouraged her to make herself at home. Ludwina observed the dynamic and vibe of the household, feeling the groove of the home and understanding the personalities of the two people who lived there.
This conversation provided insight into the perspective of being a housemate in someone else's home. Ludwina talks about her experience of living as a housemate. She emphasises the importance of setting clear house rules and respecting how the household runs. She suggests that getting a handle on how the household works quickly will help the person fit in and connect in a deeper way. She also talks about how they discussed food, house cleaning and expectations as a housemate, and how being flexible helped her fit in. Ludwina emphasises the importance of having regular conversations and suggests having meals together as a way to connect.

Key moments in this podcast

0:00:00 Women Helping Women: A Room Xchange Story

0:03:04 The Room Xchange: A Story of Resilience and Connection

0:04:42 Exploring the Idyllic Setting of a Mud Brick Home in Country Victoria

0:06:46 Exploring the Benefits of Housemate Exchange: Reflections on Establishing House Rules and Building Connections

0:08:10 Creating a Positive Living Environment: Tips for Successful Housemate Relationships

0:15:05 Reflection on House Sharing: Creating Lifelong Friendships

0:17:57 Benefits of House Sharing

0:19:35 Exploring the Power of Women Helping Women: Reflections from a Housemate Experience

Contact The Room Xchange