Hi all,
I figured I need to run this past a couple of people and get some opinions of some individuals.
My wife and I are building a house that'll become our PPOR. We're currently living in Brisbane CBD in a two bed, two bath apartment that we want to rent out after we move.
Now, the building I'm in currently has about 65% owners and the rest are short term stay accommodation. There is an onsite building manager to basically runs the short term stays as a hotel. He also lives onsite.
He suggested that I rent my unit out to him for $400/week with no management fees, letting fees etc, and he'll basically be the tenant. What he's going to do is furnish the place and put the unit into the short term accommodation pool, so basically a sublet.
He said that he'd be happy to do a lease of 2 years!!
Any hints or tips from those wiser than me? I was thinking of only doing 1 year leases as I could then renegotiate the rent just in case (read: when) interest rates go up. Again.
Cheers!
-- MJ.
I figured I need to run this past a couple of people and get some opinions of some individuals.
My wife and I are building a house that'll become our PPOR. We're currently living in Brisbane CBD in a two bed, two bath apartment that we want to rent out after we move.
Now, the building I'm in currently has about 65% owners and the rest are short term stay accommodation. There is an onsite building manager to basically runs the short term stays as a hotel. He also lives onsite.
He suggested that I rent my unit out to him for $400/week with no management fees, letting fees etc, and he'll basically be the tenant. What he's going to do is furnish the place and put the unit into the short term accommodation pool, so basically a sublet.
He said that he'd be happy to do a lease of 2 years!!
Any hints or tips from those wiser than me? I was thinking of only doing 1 year leases as I could then renegotiate the rent just in case (read: when) interest rates go up. Again.
Cheers!
-- MJ.
