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Yes, I suppose it took about three weeks in all. We settled on the place on January 14 - and make our first mortgage payment this coming Monday (Sunday being the 14th). You're right, Kathryn, it will be nice to have someone paying the mortgage (or almost), especially since we still have our own...

Woo-hoo, we got there in the end. We have some tenants moving in tomorrow. :D No pets, so that turned not to be necessary. Very pleased indeed.:D

Thanks all. I spoke to the PM today and we agreed to drop the rent to $300 (from $320), just to get someone in. It can always go up later. Also, I suggested the pet thing, following on another thread here ... search function evades me, but the one about actually encouraging pets. We'll see what...

Hi CD, thanks for the interest. No luck yet. I haven't had my update from the PM, as she had a long weekend too and was not back till today. But I think at this point we might drop the rent down and just get someone in. Getting a bit toey! I've been a bit shy about doing this, but since it's...

Ooh, I don't know that it's competing with top-end units as such. It's a tidy place, but it's in the inner west - Footscray area - and we know how nasty that can be.:rolleyes: However, it is in a group of 11, all but two are single-storey, has a split-air, all elec (no gas unfortunately)...

I talked to the agent late last week, and she thinks the rent is about right. We had a great application last week, from a young couple with very good references. But they didn't want it until February 25 - too long, we agreed. So there was another open on Saturday. The PM has a long weekend and...

I think this is it in a nutshell, at least for us at this point. I think we'll review the situation on Monday (or maybe Wednesday, as I've just remembered the long weekend). If we have no definite applicants by then, a $10 drop in rent might be in order. That will be at least the 25th, if not...

PM said she thought the rent was probably ok. On the other hand, she has a similar place - in not as good a location and not quite as smart on the outside, although it is inside - that rents for $300 a week, and she says she can't get anyone for it. She said to wait until after tonight's open...

There is a bit to rent at the moment but, as I understand it, a lot of people shift in January - new jobs, new schools, uni, etc - so hopefully there's also a lot of people looking. I spoke to the agent today and she did have one applicant. But, to cut a long story short, that person has also...

Thanks all for the encouragement and positive feedback. We have another open tonight, so I'm inclined to see what happens then and talk to the agent tomorrow if there's no good news, and see what she says about maybe dropping the rent by $10 a week. I know it's early days and I definitely do...

Hi there, We're new investors - our first IP settled last Thursday. The agent has held two open for inspections - one last Wednesday and one on Saturday. A couple of sets of people through each time, but no applications as yet. It's a 2 bedroom villa unit in Melbourne's inner-west, handy to...