All Topics / General Property / Vendor rent back – property manager ?

Viewing 3 posts - 1 through 3 (of 3 total)
  • Profile photo of R3R3
    Member
    @r3
    Join Date: 2008
    Post Count: 12

    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

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    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.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    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

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.