Thanks woody & Dark knight

Thanks Luke for all the valid points. Yes property is in Sydney.
Currently Existing home has 2 kitchens and 3 showers. You can easily convert one 3 bedroom home and other one as 2 bedroom home by closing the internal door of the property. both of them will have its own showers and kitchens. If i am just doing this, do i need to get council approval? Other question is how do i split the electricity bill between this two tenant?
I can wave off water bill to tenants and claim as tax deduction, right?

Cheers,
Raj

Hi Scott,

Can I request the agent to wave of my 2 weeks letting fee because of their fault I have missed other prospective tenant’s last week?

swampy30 thanks for the Advise

Firstly, it looks like the agent made a mistake. They are only human, remember.
Agree with this point
However this is a very basic cock-up that a good agent should not make.
Agree with this point

A tenant can only be “moving in” once a lease is signed (i.e. they are committed) and keys handed out.
Agent confirmed through an email saying they moved in, so not sure the lease has been signed , Keys has been handed over

Do you think the agent is any good? How have they performed for you in the past?
Since we bought the property last year and tenants are already in place, really can’t comment on them because all they are doing is collecting the rent and depositing in to our account.

Equally you made a mistake, in my opinion, by advertising the property thru Gumtree when you’re paying the agent to manage it.
Reason for giving an ad on gumtree is to market property quickly and keep it occupied ASAP.

Two parallel processes only lend themselves to confusion and error. Do you not trust the agent to do their job?
Since they are agents, thought they are not worried about finding the Tenant’s quickly as we do, so i started putting the ad on the gumtree

Personally I wouldn’t have looked at the application from the working couple, because once an application is accepted, the property is off the market, or else you’re just messing everyone around.
I was not sure with the 1st application was signed the lease, so i sent the 2nd application to the agent to consider if they have not signed.

So in regard to your second point, what did the agent say re why no tenants? Was the property marketed before the last tenants moved out? How many applications have they received?
Property was advertised before 2 weeks of last tenant’s moved out but since last tenant’s has damaged the property. It required good cleaning and a coat of internal paint to remove all the bad smell.

What reasons were there for rejecting any applications?
So far we just reviewed 2 applications and they have been withdrawn for personal reasons.

Surely as a landlord you know there are many reasons why tenants might not get rental approval, working is not the only requirement.
My advice would be either accept that your agent is ok, and this mistake is a one off, and talk to them about waiving your fees this time, or look into ending your agreement with that agency and finding another who is more competent
Whichever agent you use going forward, work with them, and manage them (and the process) more closely.
Good luck!
Will talk to Agent about the above options.

So we need to keep the unit vacant till we find tenants and pay the rent to friends, then we can claim the loss.?
To be clear with ATO, what sought of documents we need to supply that the property is vacant and available for rent?

Hi Ryan,

To Trust your website, Can you please give me some testimonials from this forum who are new and used your website and got benefited like
• Having Positive cash flow
• Having Capital growth
If you can list them then i am more than happy to look at the posts and take up your membership