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  1. W

    Have dropped rent by $35... ouch!

    I just dropped another $20 on the advice of an agent who has agreed to take me on as a casual list. She says she has higher end properties having dropped $120 per week and others like mine, mid-range rentals renting for $40 and more less than two years ago. She said finding tenants is not easy...
  2. W

    Have dropped rent by $35... ouch!

    I've just dropped another $20. I do now believe the family who rented our house meant they possibly were paying over market to be close to where they needed to be for schooling. At the time, we had been getting $480 (from memory), tenant moved to the other side of town. The house was starting...
  3. W

    Have dropped rent by $35... ouch!

    Tenants bought a house after finally selling one in another city after a long on the market. We could have pushed for them to pay break costs as per the lease, but for personal reasons (very serious illness) we figured they needed a break. We can afford to make this allowance and were very happy...
  4. W

    Have dropped rent by $35... ouch!

    Our rates are locked in, about to come off one lock and into a new lock for another twelve months. But the rates are not very high, and we have to lock to prepay, but to be honest, I think we will be locking in at less than we are on now. Rates not hurting though, luckily. I just don't like...
  5. W

    Have dropped rent by $35... ouch!

    There is a thread here talking about the softening of rents in some areas. I have just dropped the rent by $35 (in two stages over a few weeks) to get someone in a house in Balmoral/Morningside/Hawthorne area. Have had only one looker, who liked it but now the tenants are gone, we are asking $35...
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