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They pay for 85% of the updates, we pay about 15% (exact details are in our lease agreement). Mantra make this decision based on analysis of their rental return and other costs.

Hi - on one occasion (last FY) we chipped in about $4k across the two units towards renovation. Mantra still paid us the rent while the workd was being done. Other than that, we get land tax bills periodically (a few hundred a year, although this going up - thanks ACT govt). Other than that...

Fair enough. I have a fairly specific strategy with these properties (I have a couple), which basically involves using the rent to pay the P&I loans over a 20 or so year period. Completion of the loans will occur at the same time as the long term leases finish, and when that happens they will...

No - very central Canberra. They have already written to me twice asking me to grant additional lease options commencing in 2023. Mantra are making a lot of money from those apartment, I reckon.

I own two serviced apartments leased to Mantra. I got them for a steal (compared with equivalent privately held apartments), and they are strongly cashflow positive. I have own these for 9 and 10 years respectively, and Mantra have never been a day late on the rent. In 10 years they come off...