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Lol, meant to say the proposed rent will increase from $370/wk to $390/wk. Its coming up to 12 months in Apr. Which is why the agent sent the letter proposing the increase now, as we need to give 60days rental increase notice to the tenant.

Hi All, Current rent is $370/wk. proposed increase is $390/wk. Yes, I agree. A proactive agent is a definite good sign :)

No, rental increase doesnt count as a re-let. So no agent fees. They are only payable if the tenant leaves, and they assist with finding a new tenant.

@alexlee I've always been on the conservative side. Putting myself into the tenants shoes.. If I received a $20/week increase, that would put me off a bit.. If it was lower, such as $10, I would be reasonably ok with that. It's all about their mind set and if they believe the $20...

lol, yes I know. Its a good thing they are proactive. However, as an investor, I am worried about the worse case scenario. Having the property vacant for week/s is the big one! Hence my concern.. :)

G'day all, I got this letter last week, and I'm not sure what to make of it. I received a letter in the mail from my real estate agent saying something along the lines 'Due to high demand and low vacancy rates in the rental market in <suburb>, your exisitng rental property @ <address>...