hi all
its coming up to the time of year when my tenants lease is up.
my IP is currently about $40 under market rent (it has been a 385pw 12 month lease)
ive spoken with my agent and they have suggested raising the rent to 400 by January (giving 2 months notice to current tenant)
I have no problem with having it slightly under market rent as I figure if the tenant moves out I will lose at least a weeks rent (for the sake of say $10pw)
so what Im asking is should I be aiming for 410-420pw and acheiving as much as I can with IR's on the up, or settling for 20pw under market rent?
any input is appreciated
tab
its coming up to the time of year when my tenants lease is up.
my IP is currently about $40 under market rent (it has been a 385pw 12 month lease)
ive spoken with my agent and they have suggested raising the rent to 400 by January (giving 2 months notice to current tenant)
I have no problem with having it slightly under market rent as I figure if the tenant moves out I will lose at least a weeks rent (for the sake of say $10pw)
so what Im asking is should I be aiming for 410-420pw and acheiving as much as I can with IR's on the up, or settling for 20pw under market rent?
any input is appreciated
tab