thanks everyone for the advise… i will ring the agent now and tell them i will get the onsite manager to display for holiday let as well over xmas and then rent permanently after xmas…

thanks again for your fresh approach when my mind was full of worry

Geez Thanks FL for that great advise… i will take it all in… i have always believed i am quite intuitive when it comes to reading people… so i will ensure i use my gut feelings and thoroughly research their paperwork… thanks again it was good info

thanks for your reply… it would be good to have a forum link all about rental info on this site..

my daughter has asked to rent my unit and so we decided to advertise for a flat mate.. still keeping the rent cf+ i allowed her to have the bedroom with ensuite for $150pw and the new flat mate could rent the 2nd bedroom and will have full use of the main bathroom for $170 pw.. the unit previously rented for $320pw so i am still getting the correct market rent.. however similar share accomodation for 1 bdr is appr $180pw so that made me decide to knock $10pw off to ensure a considerate tenant…

this way i dont need to use an agent as i will have a close eye on the place anyway… which also saves me costs… however i was wanting to update the dated areas in the unit throughout this first year and then in 12 months increase both rents slightly… i was mainly wondering if most pi's increase the rent once per year slightly and keeping in mind of current market rates as to how much to increase…  there isnt that much to improve as the unit is only 10yo but just needs a slight modernising… i think this will increase my equity as well….

settlement is next monday so once everything is finalised i will be ready to go again…

would love to hear some others rental advise and tips

THANK RICHARD I WILL PRINT THIS OFF AND TAKE WITH ME TO AGENT TOMORROW

HELENA