How to get top rental returns?
- Thread starter Peter_Tersteeg
- Start date
IMO it won't substantially add to the rental return, but it will make it easier to keep and maintain tenants. It's more like lack of a dishwasher detracts from the rental return because it's generally expected these days.
My wife complains that all our our properties have dishwashers except our home.
I installed a dishwasher in one of my IP's when the kitchen was installed.
Currently thinking about getting one in an established kitchen but thinking it'll cost at least $1000.
Install tap and isolation valve off cold water = $250?
Install power point under bench = 250?
Modify current cabinets to install dishwasher = $300?
Dishwasher = $300 min?
Currently thinking about getting one in an established kitchen but thinking it'll cost at least $1000.
Install tap and isolation valve off cold water = $250?
Install power point under bench = 250?
Modify current cabinets to install dishwasher = $300?
Dishwasher = $300 min?
$300 is very low for a dishwasher.
Perhaps for a small chinese-branded one.
I'd say 5-700 for a standard mid range brand
Perhaps for a small chinese-branded one.
I'd say 5-700 for a standard mid range brand
lol, pets allowed! If you had a goat or something this would be great!
Pets considered - No dogs, cats or birds
http://www.realestate.com.au/property-house-wa-bassendean-414117115
Pets considered - No dogs, cats or birds
http://www.realestate.com.au/property-house-wa-bassendean-414117115
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Ouch! That would be a lovely Xmas pressie!!
We're planning a very extensive renovation in the next 12 months. I'll budget in a dishwasher. 
I bought a cheap new melamine wardrobe for my rental property. It fits across one wall of bedroom, does the job. It came in three sections, easy install.
Where did you purchase that from and is it freestanding or bolted to the wall?
What do you classify as cheap and did it include internal draws or just hanging space?
Thanks for that.
For about double the price you could consider a mid-range brand like bosch, simpson etc?
I would rather do that than take the risk for a few hundred with a cheap brand.
Top-of-the-range eg miele, asko are overkill for IPs, unless your IP is high-end too (like the tenants).
I paid about $800 from barkers Furniture Morley about 8 years ago, still going strong, freestanding.
You could ask if this person sells the combination if nearby, I'm sure there would be others.
http://www.gumtree.com.au/s-ad/wang...be-s-with-drawers-fully-assembled-/1051055905
Attachments
If you can modify it or get a handyman to build a bulkhead over it, just so it looks like a 'real' built-in, I think it will look nicer.
It's the small things that indicate to a tenant the landlord is willing to spend to keep the property nice (even if you're not!), that's what I think.
I would never do this. Tenants will leave all the lights and air-con running and take 50 minute showers... just like my kids do
Yep, comes with a risk of abuse. I have a social acquaintance who is a prime example. He used to leave all four gas burners of his stove on at night in winter to heat the place (his bills were included). I suggested he should get a heater and not be a dick. He suggested I should shut up since he would have to pay for a heater.
It may, in some cases, be worth taking a loss (or having the risk of a loss) though. If it works with your strategy. Perhaps your serviceability is tight, yet your living costs are low so you can comfortably take on more borrowings but the banks don't want a bar of it.
e.g. charge $50/week extra, tenants use $50/week of utilities, you get taxed on the income so you go backwards.
However, lenders see another $216/week income to service more debt.
Taking it a step further, on the odd chance you own a few apartments in the same complex, you could buy an unlimited internet plan and a wifi booster and offer internet to multiple tenants, and actually come out well on top e.g. 3 x tenants paying $50/month to you while the plan costs you all of $80/month.
In this scenario, would it be safer to have that pop-up screen that you have to tick, that goes along the lines of "I am only using the internet for legal purposes", before you can login?
They have it in alot of free wifi places in shopping centres and cafes.
Otherwise will you be liable if a pedophile looks up porn on your wifi?
