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    Have dropped rent by $35... ouch!

    so my point here is not to boast about how lucky I got, but to say that when you go thru a PM they have a portfolio of property, they will do the right thing and try get market rents but they won't push yours hard because they can't do it for all their properties as they would all be way above...
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    Have dropped rent by $35... ouch!

    there was also the contagion to deal with, next door was at $350 and of course everyone natters, so agent then tells me next door is asking for a reduction from $350 to $300 as well. Fortunately I just said no and they are still there.
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    Have dropped rent by $35... ouch!

    no just to clear this up... I pushed the agent to get $370 back when economic times were better. When things started to slow down they couldn't relet at that rate so I agreed for them to accept an offer at $300. When it came up for renewal just recently they suggested I leave it at $300 as they...
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    Have dropped rent by $35... ouch!

    yes, 2 weeks letting fee + GST would be $858 which equates to $16.50pw. I think the ongoing management fees average about 15% so it's changed from a net of $238.50 under management to $390 private
  5. A

    Have dropped rent by $35... ouch!

    in Mandurah I was getting 370 last year, had to drop it to 300 to get rid of it. came up for renewal so I sacked the PM, advertised it myself for 390 and let it this morning to a really nice asset backed young couple (they want to lease their own home to reduce their tax). So I am up $90...
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