Caught with unlawful development, is renting to a group the way to go ???
Hi everyone. I have a house in Melbournes eastern suburbs which I have turned into two x 2 bedroom flats without Council approval. Council caught me and required me to turn it back into a single dwelling ( no problem, I just need to open the dividing door between the two halves of the house, they are fine with two kitchens etc). However, this will drop the rent from $340 per side per week to around $450 per week for the entire house.
On that basis, I'm thinking that a house let to a group might be the way to go. I would like to charge around $180 - $200 per room (includes gas and electric) but the agent would rather just put it up on the rental market and try to attract a group of 3 for around $600 and they pay their own utilities. It's probably a good idea if the separated services are in my name otherwise it will look like its being used as two flats again (Councils do check this and I'm aware they will be watching me).
Does anyone here have experience renting to groups? I also have enough furniture to furnish the entire house so would that be a good idea too and assist with getting tenants? I'm happy to hear any ideas anyone has and will consider all possibilities. I currently have a family in one of the flats but they declined to pay to rent the whole house so as soon as I decide what is the best option, I'll need to give them 4 months notice. Thanks in anticipation of your advice.
Hi everyone. I have a house in Melbournes eastern suburbs which I have turned into two x 2 bedroom flats without Council approval. Council caught me and required me to turn it back into a single dwelling ( no problem, I just need to open the dividing door between the two halves of the house, they are fine with two kitchens etc). However, this will drop the rent from $340 per side per week to around $450 per week for the entire house.
On that basis, I'm thinking that a house let to a group might be the way to go. I would like to charge around $180 - $200 per room (includes gas and electric) but the agent would rather just put it up on the rental market and try to attract a group of 3 for around $600 and they pay their own utilities. It's probably a good idea if the separated services are in my name otherwise it will look like its being used as two flats again (Councils do check this and I'm aware they will be watching me).
Does anyone here have experience renting to groups? I also have enough furniture to furnish the entire house so would that be a good idea too and assist with getting tenants? I'm happy to hear any ideas anyone has and will consider all possibilities. I currently have a family in one of the flats but they declined to pay to rent the whole house so as soon as I decide what is the best option, I'll need to give them 4 months notice. Thanks in anticipation of your advice.