All Topics / Help Needed! / Rental Dilemma

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  • Profile photo of macwamacwa
    Member
    @macwa
    Join Date: 2005
    Post Count: 12

    Any suggestions welcome!

    I have a property with two houses on it – one rented the other has been empty for two months due to the fact a gang member lives there and no one wants to live next to him. He is a good tenant who pays on time.

    Anyone have suggestions or had similar experiences?

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781

    Perhaps he knows someone that might like to rent it?

    Sounds like a terrible problem and not one I would wish on anyone.

    All the best,

    Simon Macks
    Residential and Commercial Finance Broker
    ***NODOC @ 7.15% to 70% LVR***
    [email protected]
    0425 228 985

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of foundationfoundation
    Member
    @foundation
    Join Date: 2005
    Post Count: 1,153

    – Offer it to your existing tennant as a ‘greenhouse’?
    – …
    Nope, that’s all I’ve got.

    Profile photo of macwamacwa
    Member
    @macwa
    Join Date: 2005
    Post Count: 12

    yes very good, very good….what about a house of ill repute?

    The previous property manager should have actually told me prior to letting – they should be held liable!

    Profile photo of fernfurnfernfurn
    Member
    @fernfurn
    Join Date: 2005
    Post Count: 139

    Lower the rent! My PM rented (unbeknownced? to me) to female & male partners who I later found out were druggies. They were the best tenants I ever had. They were so paranoid they always paid the rent on time. She put in a beautiful garden and kept it lovely. They only came because it was cheap rent but its better than no rent. These two slowly got their act together and the difference in them was amazing. She was first and put on some weight, filled out in the face, had her hair cut and coloured and he followed. I was very proud of them Hope this helps

    Fern

    Profile photo of westinvestwestinvest
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    @westinvest
    Join Date: 2005
    Post Count: 88
    Profile photo of macwamacwa
    Member
    @macwa
    Join Date: 2005
    Post Count: 12

    thanks fernfurn – will consider that!

    Profile photo of fernfurnfernfurn
    Member
    @fernfurn
    Join Date: 2005
    Post Count: 139

    Didn’t mean to imply her “garden” was inside and it never occurred to me until Westinvest said that, that they might have been growing something inside the house. PM did usual property checks and I’m sure I can’t be blamed for something I did’nt even know was going on. I think you’re talking about criminals who buy property with ill gotten gains or their existing property can be confiscated

    Fern

    Profile photo of yesfella28061yesfella28061
    Member
    @yesfella28061
    Join Date: 2003
    Post Count: 11

    Either offer new tenants cheap rent, or approach the ruffie and ask if any of his friends want to rent. In both cases you are gonna get cheap rental returns.

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