Good Afternoon
Just thought I would ask what sort of discounts people have given for rent paid 6 or 12 months upfront in advance, if any at all?
I have an IP available for rent at $440/wk and some applicants have offered to pay a full 12 months immediately at $410/wk, so $21320. This chunk of money sitting on my residential home loan would save me more on interest than the $30/wk loss in rent.
However, it kills the ability to up the rent in 6 months, would kill me with income in this FY and if I dont like the tenants im stuck for 12 months.
Not willing to take that risk, I have offered 6 months upfront at $430/wk and thats it. Anyone had offers like this?
Just thought I would ask what sort of discounts people have given for rent paid 6 or 12 months upfront in advance, if any at all?
I have an IP available for rent at $440/wk and some applicants have offered to pay a full 12 months immediately at $410/wk, so $21320. This chunk of money sitting on my residential home loan would save me more on interest than the $30/wk loss in rent.
However, it kills the ability to up the rent in 6 months, would kill me with income in this FY and if I dont like the tenants im stuck for 12 months.
Not willing to take that risk, I have offered 6 months upfront at $430/wk and thats it. Anyone had offers like this?