From: Xtine McDonagh
We recently bought a 2-bed appt. in a posh Melb suburb for $360K. The rental appraisal was $380-$390 p/wk. The ex-owner rented it from us for 2 mths whilst he looked for another place, at $390 p/wk. It has then been vacant for 2 wks.
The Property Mgr suggested we lower the rent to $370 when we had no takers. I replied that I wouldn't accept lower than $375. OK, says he, $375 then. I rang back within the hour saying 'No, definitely advertise again at $390.'
We double-checked the papers last weekend - yes, $390. I rang Monday. 'Any interest?' 'Yes. One reply. Has inspected Monday morning. Most impressed. Girlfriend inspecting in the afternoon.'
Prop Mgr rings Tuesday. 'Yes. They'll take it. BUT they won't pay more than $375.
Excuses being: similar properties rented at lower price, winter being slow time for rentals, currently being a renters' market.
OK then, better rented than not - go ahead.
I looked at the RE agent's website that night for the first time. Our property is listed at $375! Next morning I get the excuse that, when a property is rented, the website is updated with the actual accepted rental details and lists the accepted rental figure instead of the previously advertised figure, until the final removal from the website.
This sounds like he's trying to stroke my wand to me. Any suggestions/experiences?
We recently bought a 2-bed appt. in a posh Melb suburb for $360K. The rental appraisal was $380-$390 p/wk. The ex-owner rented it from us for 2 mths whilst he looked for another place, at $390 p/wk. It has then been vacant for 2 wks.
The Property Mgr suggested we lower the rent to $370 when we had no takers. I replied that I wouldn't accept lower than $375. OK, says he, $375 then. I rang back within the hour saying 'No, definitely advertise again at $390.'
We double-checked the papers last weekend - yes, $390. I rang Monday. 'Any interest?' 'Yes. One reply. Has inspected Monday morning. Most impressed. Girlfriend inspecting in the afternoon.'
Prop Mgr rings Tuesday. 'Yes. They'll take it. BUT they won't pay more than $375.
Excuses being: similar properties rented at lower price, winter being slow time for rentals, currently being a renters' market.
OK then, better rented than not - go ahead.
I looked at the RE agent's website that night for the first time. Our property is listed at $375! Next morning I get the excuse that, when a property is rented, the website is updated with the actual accepted rental details and lists the accepted rental figure instead of the previously advertised figure, until the final removal from the website.
This sounds like he's trying to stroke my wand to me. Any suggestions/experiences?
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