rental difficulty

I just did a search on realestate.com.au for rental properties. there appears to be quite a few up for lease. not sure of the condition of your place (new/old?) but from what I can see yours is below the average market value. Again I dont know the precise condition of your place. Alot of places I see appear to be new. Why were the 2 applications rejected??

We did a make over on our rental property in Sydney’s western suburbs, over a week of evenings over Christmas one year. We spent $2000 and made about $8,000 in difference. Went to bunnings and got a paint chart and gave the whole place a new colour scheme instead of cream/white, replaced kitchen blind with bamboo, put some black & white lino in the laundry, etc. and had it rented within 2 weeks to a tenant who is just about to renew his 12 month lease. I agree that you should try other agents as well. Obviously the one you are with isn’t working. If you try other agents, maybe try a little higher rent?

Get your money working for you instead of a bank! You could earn up to 3% PER MONTH on your money. Ask me how!

hi lifeX
Some time you make me laugh and the one knock on doors and poach tennents thats great. a man after my own heart like your style.

here to help

Hey guys,
I don’t like managing my properties because I have found that the monetary return is not worth the time it CAN consume…….enter the 10% of “bad tenant” client stage left that sneaks through the radar. As a private landlord you can’t access the National Tenancy Database to check Blacklists. Plus I’m 200km away from these particular properties.

I don’t really like Agents managing properties either, but I choose them as the lesser of two evils.

I’ve managed over a dozen tenants in the last year and I am over it!

I did advertise privately in the paper (with the intention of handing applicants to agent) but still had no response.
I will keep these particular vacant properties even if the vacancy is extended. I am aware that this particular area has a cyclical rent demand. So I am waiting to get into the high demand period and keep the leases cycling over so that they end in this period again. The town is also getting a major boost in the way of infrastructure soon too which will give it a good kick.

G.R. Hi, I hope my “style”, helps lead me down a similar path to some big deals like I know that you play with.

Here is a quick story that might get a giggle from y’all.

Yesterday I got the phonecall I’d been waiting for all my life…that I had won some easy money.
……I had the opportunity to pick up as many palm trees as I wanted from a friend who was working at one of the big corporate companies in the city. For Nothing!
…..I quickly checked the value of palm trees (slow growing and highly desirable) and the second hand market had them trading in the thousands each!!! I figured a big corporation wouldn’t be skimping on the type of palm they were using as the image for corporate HQ.
…..I spent the next day co-ordinating a big trailer and to pick the money makers up with my friend. I planned to sell them on the drip over the next few months.
…….I got down to the offices early the next day (I only squeezed in 3 hours sleep as I was on Night Shift) and picked up 4 10 foot trees with heaps of foliage. Treating them like delicate babies and loaded them in to trailer. Nearly breaking my back….They were v.heavy.
…….I drove them to a property that I had vacant and bought the best fertiliser and nutrient liquids and mulch to ease their transfer of home.
I was gloating to myself as I cruised down the highway ., the sheer weight of them was bouncing the car on the bounce stops and near ripping the back half of the car off. The front wheels were almost in the air as I half-aqua-planed the 1 hour drive to the property.
……I had contacted a lot of people who were eager to see what type of palm it was. These were going to go like hotcakes.
……Anyway after a full mornings work of HARD YAKKA , I dropped them off and took some photos. A plant guy at work said he would ID them for me.
…..OOOOOOOOO, I couldn’t wait.
……They were cordyline australis. OK, Great!, Now what were they worth in $$$$ ?
…..
….
…..
….
…. I checked the nursery price lists and full grown specimens like these were worth…..
…….
……
…..ONLY $100 bucks each!
…..They were goddamn NZ Cabbage Trees. Messy, common crappy weeds on sticks.

………Oh man, I guess I’ll have to keep waiting for that call….But You can’t say I would have missed the opportunity

Maybe it will be from an agent with a good tenant!

Off topic I know fijfcm, but the solution to this problem is the same as for a property with no tenants.

Burn it to the ground. (and claim insurance)…..

.((ps – only kiddin’.))

Lifexperience

Another option you may want to consider then,if you are desperate to get the place rented,is to advertise it as a “share rental” & rent out per room?? As you may find you could get the same rent as renting the whole place out. Just a thought…trying to think laterally.Good luck.