Bloody hell Are you the Housing Commission. Smith Family etc.
You got off ya **** and purchased a rental investment. For you and your families future. You are probably working ya butt off to cover loan payments rates, insurances etc. If negatively geared you are sponsoring the tenant)
This probably sounds hard but YOU ARE NOW IN BUSINESS.
Do you go down to the local pie shop and demand a pie @ 10%, 20% 30% below what everyone else has to pay. If you do I am sure you don't get one
What's the differance.
I have been down that road. I remember purchasing a block of flats when i was only about 23. Quiet, naive, scared of problems
The tenant was on $45 pw. Market value was about $70 pw. When i raised the rent to $55 pw she threatened to take me to tribunal. It was REALLY stressful. My property manager said "Well lets see her there" The tenant backed down. We also gave her notice to quit as the unit was to be re-furbished. I repainted the unit, put in cheap carpet and re-rented at $90 pw.
Then did a staggered repeated for the other 3 units in the block.
My advice. Get a handyman to fix lock & check doors condition. Give her required notice. Get a good property manager. Cheap re- fit. Rent at market rates.!
Stop running a charity
You got off ya **** and purchased a rental investment. For you and your families future. You are probably working ya butt off to cover loan payments rates, insurances etc. If negatively geared you are sponsoring the tenant)
This probably sounds hard but YOU ARE NOW IN BUSINESS.
Do you go down to the local pie shop and demand a pie @ 10%, 20% 30% below what everyone else has to pay. If you do I am sure you don't get one
What's the differance.
I have been down that road. I remember purchasing a block of flats when i was only about 23. Quiet, naive, scared of problems
The tenant was on $45 pw. Market value was about $70 pw. When i raised the rent to $55 pw she threatened to take me to tribunal. It was REALLY stressful. My property manager said "Well lets see her there" The tenant backed down. We also gave her notice to quit as the unit was to be re-furbished. I repainted the unit, put in cheap carpet and re-rented at $90 pw.
Then did a staggered repeated for the other 3 units in the block.
My advice. Get a handyman to fix lock & check doors condition. Give her required notice. Get a good property manager. Cheap re- fit. Rent at market rates.!
Stop running a charity