1Winner – You wrote:

“You either call the serviceman and add it to your expenses incurred into making the house sellable, something no doubt you would have done without a second thought before the sale….”

We obviously didn’t get this done before the sale and wouldn’t if we had our time over again because a) The air conditioner is working fine, and they accepted this after final inspection otherwise they would have held settlement up to deal with it, and b) the bloody thing is still under warranty for another 18 months….so why would we waste money getting it serviced when we can get it fixed for free.

You say it’s a small price to pay compared to building a house, but hell let’s just throw $150.00 away here and $150.00 away there and see how far we get.

And don’t worry, we do intend to keep looking after the house as if it’s still our own

ok Thanks for the advise.
Will chase them up on it and see what happens. I don’t hold my breath though as they have really dug their heals in over this one small issue.

Thank you to everyone who has replied to this topic. You’ve certainly passed on some very interesting information.
Alistair, you obviously know a great deal about this subject, so when we are further down the track with our planning I will e-mail you for some exact figures (if you don’t mind), although under $5k seems alot cheaper than I thought it would be.
Thanks for all your help once again.

Thanks alot for all your replies. I have spoken to the PM a few times now and she said that things are going in “spits and spurts” as far as getting a tenant. One minute it’s really busy and the next it’s fairly slow. There aren’t really that many properties for rent in the area and I don’t want to hassle her too much in case she gets annoyed by me and decides to push me to the end of the line.
Would it be worth contacting police departments, hospitals, schools in the area to see if any of their staff require a rental property?
Also, I have signed an agreement already with this PM so is it too late to list with another agent?

Thanks heaps for your reply Westan.
Just as a quick response, and so you can help me do some number crunching……

Property Value – $109,000 Neg
Rent – Currently $210 per week until 12/10/05
Council Rates – $922.14 per year
Water Rates – $149.50 per year
Stata Levy – $97.14 per quarter
Unit is 8 years old and in a secure complex of 21 units. It has 1 bedroom and 1 bathroom.

Does this sound like a good investment or not?

Hi Marisa,
Thanks for your reply.
The front property has been renovated both inside and out. It looks very pleasant from the front – obviously not like a brand new property, but for a 1960’s house it certainly is very neat and tidy and overall well presented.
I can’t find any other land for sale in this area other than 2 green title blocks that are around 330sqm and are slightly elevated. They are selling for approx $70,000 more than the block I am interested in.
Hope this helps.
Thanks alot

Thankyou very much Shawn,
That’s greagt information to begin with.