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From: Mike .
Defence Housing
From: michael
Date: 11/2/99
Time: 9:53:29 AM
I am new to this investment scene and am looking at my first investment property. Hope some of the more experienced people on this list can help.
I read an earier post regarding the 15% fee Defence Housing charges and this doesn't look too bad when I do my sums. Please correct me if I am missing something.
For ease of figures lets assume rent is $300pw. Fee wold be $45. Most Real estates charge one weeks rent and then 7%. This leaves 8% extra to pay, now lets take 2% for vancies,back to 6%. I don't need tenant insurance as Defence Housing will repair all damage under this maintenence scheme and continue to pay me rent. Lets say another 1% off bringing it back to 5%.
So I am paying 5% per year for worry free maintenence and a complete repaint and new carpet after 9 years. So what am I missing?
Defence Housing
From: michael
Date: 11/2/99
Time: 9:53:29 AM
I am new to this investment scene and am looking at my first investment property. Hope some of the more experienced people on this list can help.
I read an earier post regarding the 15% fee Defence Housing charges and this doesn't look too bad when I do my sums. Please correct me if I am missing something.
For ease of figures lets assume rent is $300pw. Fee wold be $45. Most Real estates charge one weeks rent and then 7%. This leaves 8% extra to pay, now lets take 2% for vancies,back to 6%. I don't need tenant insurance as Defence Housing will repair all damage under this maintenence scheme and continue to pay me rent. Lets say another 1% off bringing it back to 5%.
So I am paying 5% per year for worry free maintenence and a complete repaint and new carpet after 9 years. So what am I missing?
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