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All Topics / General Property / Vendor rent back – property manager ?
just signed and vendors want to rent back for 9 months while new house is getting built. would you still advise to use a property manager ? the property is located close to home
It depends upon whether you feel that you can manage the property yourself or would feel uncomfortable doing so. The hard work is already done ie tenant found, you need to agree a suitable rent, prepare the lease (provide the renters guide etc). If you feel that you can handle this, then go right ahead.
Might also want to get 9 months rent upfront on settlement.
It is not a question of him not having the money !!
Richard Taylor | Australia's leading private lender
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