Toggle Menu Header

Liam

Liam

Property Enthusiast,

Rental Property - What all to consider?

14D ago 2 Replies 21 Views
Hi friends
I am looking for some information on best way to get a good rent property.
- I know there are strata reports available for the buyers but is such a report available for rent properties ?
- How to check the property in the 15 min open house that they have ? What to look for in such short duration?
Asking this because I had applied for a rental property, and they called to confirm manager email and informed that the owner would say ok to the application and they would confirm it soon. But when I did not receive a call, then called them about it and they said there was some concern that there was some issue in the plumbing. Also was informed prev tenant had left because of not pay the rent. Said they were fixing the issue and would update me soon.
Note they did not mention this at the open house nor when they first called to inform about the owner saying ok. Not sure if I should take this property for rent or not ! 
What do you think the reason could be and if this is the correct reason should I take the lease if they say it is fixed.

Looking for some genuine advice here people..I am really confused.

Thanks much.
Joshua Joshua
14D ago
Maybe that's why the last tenant left not paying the rent,because there was very little maintenance carried out during their lease on the property..But once you look into the circle of ripples that some within the real estate game play and as a renter the maintenance side will not be your problem ,just how fast the problems are fixed when you lease the property and by the sounds of this it may be that the title holder never kept up the maintenance.
Quote
Roma Roma
14D ago
They don't need an excuse to reject your application if its lower than asking. If its got plumbing issues, you probably don't want to go for it.
Quote

Top Posters Last 30 days

1 Joshua
2 Royal
3 InvestAus

Related Posts

Property market shows sign of improvements though the investors are cautiously optimistic

Clearance rates, Perth’s market and Sydney house and land are all showing signs of improvement, while the market is cautiously optimistic. 605 sales in Melbourne and 426 in Sydney over the weekend. Fewer than the same time last year – 657 in Melbourne, 523 in Sydney. Clearance rates are high – 80% in Sydney and 70% in Melbourne as at Sunday morning The most viewed home going to auction was 53 Darley Street Newtown, a completely unrenovated terrace home in what is one of Sydney’s most popular suburbs. If you are not from Sydney, take a look at what $1.112 million gets you in this market; 1 bed, 1 bath renovator’s dream. The addition of the bed somehow makes it look worse Sydney house and land is red hot Building approval data from the ABS has now shown two months of consecutive increases. The flow on from price growth to new development does appear to be occurring. Anecdotally, developers are successfully selling down an overhang of stock from the last building boom. But for now, it is really house and land that is leading the charge. Likely driven in part by the federal government’s 5% deposit scheme, and the various state-based first home buyer schemes. Details inside:x Property market update: Cautious optimism buoys th... Clearance rates, Perth's market and Sydney house and land are all showing signs of improvement, while the market is cautiously optimistic.  www.realestate.com.au
Roma
Roma
3Hr ago 6 Views

The rental vacancies number dropped significantly across Australia

The national residential rental vacancy rate decreased in January 2020 to 2.1% from 2.5% recorded in December, with the total number of vacancies Australia-wide now at 72,422 vacant residential properties. All states recorded decreases in vacancy rates with Darwin recording the highest vacancy rate at 3.2% followed by Sydney at 3.1%. Hobart’s vacancy rate remains steady at 0.6%, the lowest of all capital cities. Adelaide and Canberra also recorded low vacancy rates of 1.0% and 1.4% respectively. The year on year comparison revealed a more moderate decline. The national rental vacancy rate back in January 2019 was 2.2% compared to 2.1% recorded for January 2020. Melbourne, Canberra and Hobart recorded higher vacancy rates compared to this time last year. Key Points National residential rental vacancy rate decreased marginally in January 2020 to 1% from 2.5% recorded in December, with the total number of vacancies Australia-wide now at 72,422 vacant residential properties. All states recorded marginal decreases in vacancy rates with Darwin recording the highest vacancy rate at 2% followed by Sydney at 3.1%. Hobart’s vacancy rate remains steady at 0.6%, the lowest of all capital cities. Over the month, Capital city asking rents increased 5% for houses and 1.1% for units for the week ending 12 February 2020 to record asking rents of $569 per week for houses and $442 per week for units. Details inside:x National Rental Vacancy Rates Tumble in January The national residential rental vacancy rate decreased in January 2020 to 2.1% from 2.5% recorded in December, with the total number of vacancies... propertyupdate.com.au
Ranjit
Ranjit
4Hr ago 2 Views

Commercial property experiences

Hello Members Has anyone here invested in a commercial property? How has your experience been? Do commercial properties also grow in equity like residential properties?
Sam2019
Sam2019
4Hr ago 8 Views

Former Treasury heads unite to slam stamp duty

Two former federal treasury secretaries have united in a fresh call to abolish stamp duty in favour of a land tax from which most farming land and all existing home owners would be exempt. Ken Henry and Martin Parkinson will appear at a conference on Monday at NSW Parliament to discuss federal and state finances, as part of a review being conducted by former Telstra CEO, David Thodey. Dr Henry says the stamp duties levied by state governments on property purchases create an unfair hurdle for young aspiring homeowners. “It’s a big obstacle for first home buyers - saving for the deposit and then saving for the stamp duty - it’s just nuts," he said. "Particularly in Sydney, it’s a massive bill they’ve got to pay.” “If stamp duty were abolished and replaced with an annual land tax, of course, over a 15-year period - or whatever it is - they’ll end up paying the same amount. But they don’t have to come up with all the cash up front.” Dr Henry’s successor at Treasury, Dr Parkinson, also backed the call to abolish stamp duty. “I’m already on the record as suggesting we do that, with a switch to land tax, preferably,” he said. Dr Henry helmed a landmark tax review a decade ago which also recommended abolishing stamp duty in favour of an annual land tax. Doing so would not only remove many "distortions" created by stamp duties, Dr Henry said, but also put state finances on a more sustainable footing. "Ten years ago, when we looked at the various taxes in the federation, stamp duty stood out then as being the worst, for a whole host of reasons," he said. Read more:x 'It’s just a bad tax': former Treasury heads ... Two former Treasury Secretaries will on Monday advocate abolishing stamp duty in favour of a broad-based land tax exempting farmers and existing homeowners. www.smh.com.au
Justprop Team
Justprop Team
4Hr ago 8 Views

How good is my equifax score?

Hi, quick question regarding credit ratings, we are doing an equity release on our principal home, I have a Veda score of 600 due to some old issues. Is this good or bad?
John
John
4Hr ago 7 Views

Properties below 750 K AUD in NSW?

Which all suburbs, I can find habitable properties for less than 750K AUD, which are either ready to move in now or within few months? 
Karan
Karan
12Hr ago 174 Views
43 online
pushp.lamba
Nick
Robin
Sukhvinder Kaur
Mary Jane
and more ...