Has anyone had experience in leasing their unit to a corporate tenant ?
We own a unit close to Tullamarine Airport and the City - attractive and fairly modern and medium level finishes - 2 bedroom. If we can attract a corporate tenant as opposed to an ordinary tenant we could get this unit to positive cashflow. I'll explain......
The unit is rented at $220pw but we have been advised we could get $300 at end of lease due to current tight market, but if we can get $400pw we will be able to keep it as we will have to sell it due to financial restrictions shortly.
The unit has a garage and 2 carpark spaces located 15-20 mins from CBD Melbourne. The unit is at the back and the back fence opens out onto magnificent parkland.
The difference is only $100pw between us keeping it and having to sell it - is there any way we can squeeze a further $100 from this asset ?????
Not sure if we would get $400pw from renting out the 2 rooms separately because the second room is considerably smaller than the master - however the lounge and kitchen could be considered spacious.
I want to reach this goal of $400 in any way possible - lateral thinking anyone ?
We own a unit close to Tullamarine Airport and the City - attractive and fairly modern and medium level finishes - 2 bedroom. If we can attract a corporate tenant as opposed to an ordinary tenant we could get this unit to positive cashflow. I'll explain......
The unit is rented at $220pw but we have been advised we could get $300 at end of lease due to current tight market, but if we can get $400pw we will be able to keep it as we will have to sell it due to financial restrictions shortly.
The unit has a garage and 2 carpark spaces located 15-20 mins from CBD Melbourne. The unit is at the back and the back fence opens out onto magnificent parkland.
The difference is only $100pw between us keeping it and having to sell it - is there any way we can squeeze a further $100 from this asset ?????
Not sure if we would get $400pw from renting out the 2 rooms separately because the second room is considerably smaller than the master - however the lounge and kitchen could be considered spacious.
I want to reach this goal of $400 in any way possible - lateral thinking anyone ?