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  1. I

    Good formula?

    That would be the way to go. There expensive though! Good score getting one from the tip!
  2. I

    Good formula?

    I was just a bit surprised though that all 3 of the previous tenants have asked to move back.
  3. I

    Good formula?

    It's a big yard to look after. The lawn takes two hours to mow. The last time I paid someone to mow it, it cost me $150 about 7 years ago, and the lawn mower guy asked me to not call him again. Seven years ago I had to give incentives such as providing a mower to get people interested. I...
  4. I

    Good formula?

    Yes it's a screaming bargain. The tenants know it too. One even said to me they couldn't afford to buy the lifestyle. Rent - $300x52=$15,600 or Rent - $330x52=$17,160 ( I get $330 for mine) If they were to purchase the property, (value $700,000) 7.5% interest They would pay...
  5. I

    Good formula?

    I would say all of the above. It's not perfect though. * Good security * Great location * Good room sizes * Nice reno - has welcoming, homely feel * Massive yard, relaxing country feel * Allow certain pets I have had local PM's value it a couple of times and have charged about...
  6. I

    Good formula?

    I've owned an IP for 7 years that was our previous PPOR. I've just had the third previous tenant ask if they can rent it back. I was a bit surprised and then realised that every tenant, apart from the current tenants have asked to rent it back. We must be doing something right. :)
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