Got an investment property - 2BR, 2 Bath, 2 car space in Brisbane cbd.
location is one of the residential apartments near Four Points Sheraton (99 Mary St), so very close to the commercial areas
I am deciding whether to rent it out as 2.2.2 or as a 2.2.1 (lower rents) plus the carspace separately.
Based on my valuation of similar car spaces for rents in Gumtree, the second option (rent car space separately) is more profitable provided there are low vacancies (<50%) on the carspace.
does anyone have any experience renting out carspaces separately? what are the vacancies? what is the average duration a tenant will rent it out for (this affects how much management time i need to allocate to this)? are there any discounting off the advertised car space price?
location is one of the residential apartments near Four Points Sheraton (99 Mary St), so very close to the commercial areas
I am deciding whether to rent it out as 2.2.2 or as a 2.2.1 (lower rents) plus the carspace separately.
Based on my valuation of similar car spaces for rents in Gumtree, the second option (rent car space separately) is more profitable provided there are low vacancies (<50%) on the carspace.
does anyone have any experience renting out carspaces separately? what are the vacancies? what is the average duration a tenant will rent it out for (this affects how much management time i need to allocate to this)? are there any discounting off the advertised car space price?