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Just a quick update - property rented now after I reduced the rent to $260 It's been vacant for 3 months and lesson learned. Better lower rent than such a long vacancy! $20 less per week = $1400 a year 3 months vacant = $3K worth of rent :eek:

RE Aircon Would something like this work? http://www.2ndsworld.com.au/convair-2-6kw-coolin-and-2-9kw-heating-reverse-cycle-split-airconditioner-white-id-CV25ODU25

I can hold on the property for a while, I guess it was frustrating due to previous problem. The property itself is on the lower price range, so when the area gets better it will hopefully see some more CG, otherwise it will still be affordable for in case I want to sell. Will have a look. If...

Ah I see. My qld property is rented to similar type or organisation but for migrants, market rent though. They do supposedly take care of the place, pay rent 4 weeks ahead and on time. I was actually wondering if there are similar organisation around Maitland. As long as they pay market rent...

I think I've got a tenant (fingers crossed) Not the most glowing application, but I gave an ok for trial run for 6 months. PM is telling them that their application is accepted - so just wait to finalise. Hoping that all good after this and I can start prepping for next IP :o

Yes, this is the place I reno miss green eyes. Unfortunately I won't have any availability to do further reno this year. I instructed the PM that if there are no applications a couple of days after open house today, take off the listing and relist it several days later for $270. Will...

Wow, that's a big drop lizzie :eek: Might need to do so if we still hasn't got anyone this week (they're having another open house tomorrow) Kind of, the neighbourhood is just opposite of Rutherford Woolies On December she said $280-$300. Yes, tried to call the PM today but she's off...

Will mention it, thank you. There are one couple during xmas period who mentioned that it was expensive for what it was ($290), so I reduce it to $280. Apart from that, the PM just mentioned that there are a lot of property available and from $300+ they can get newer/ bigger place. How...

Thanks Theodore. I don't like to reduce it any further either :( Haha it's dual purpose bathroom, safe you money from buying mushrooms. Certain crowd as in... older crowd? :D

It's 3 beds with one garage - 2 bigger beds and one smaller bedroom (i.e. fit one single bed). Smallish kitchen with separate dining and living, old bathroom as well. I have just moved the management to Leah Jay, so it's too early to say whether they're great or not. So far the PM is responsive...

:( I guess this is a rant in someway. Anyone has IP here and can advise the vacancy period? PM asid 4-5 weeks however might be longer as it just came out in xmas. Long story short, property was left in poor state by the previous tenant. So after clean up and a bit of freshen up, it was...