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Oh sorry the apartment is in the suburb of South Melbourne. I've just come upon another conundrum – to lease the apartment furnished or unfurnished. I;ve been making some calls around and been getting mixed msgs regarding furnished apartments.
The gist is that furnished apartments are mainly for short term leases of 3-6 and rarely 12 months. The mixed msgs are that they can be easy/hard to lease out and the extra income from the furnishings may not be enough to cover the increased turnover of tenants.I'm still rather a novice in this as I have never had a turnover of tenants as yet as the 1st IP i own at present still has the original tenant still living in it now which is good. What sort of general fees and their ballpark figures am I looking at when a new lease is needed? Thanks again.
Hi Jamie,
thanks for your comments. Will definitely call a few property managers in the area. I was hoping for this property to be as minimally negatively geared as possible for a couple of years (almost paying for itself) as it is hard to get a positively geared property within capital cities and capital cities are where I'm more comfortable with
With getting info of the property managers..
Is it basically a just pick up the phone and "hi, I'm wondering how much rent this apartment at this address will be able to attract?
Do the property managers tend to be straightforward in answering your questions? Is there a certain approach that one needs to have to get the answer?I'm a rather newbie in this department
Thanks
Dennis
