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How much do you spend on a house maintenance each year?
What does the heat pump service do?
I have seen quotes for $70 to clean filters (tenants job), sanitise filters (sounds fancy but suspect just words), clean fins, check the electrics (yip, there's power) etc.
Sounds like a rort to me.
How come?
Let me guess, you are the PM and you are afraid to move the rents!
1 ; Rentals in certain areas have not moved (based on a registered valuers report)
2; rentals on others are set at 6 to 12 years intervals. .again the rentals set by registered valuers
I'd wonder why too?
10-15 yrs and no rent change. You must be running the properties into the ground.
I don't think tenants would run a property to the ground just because the rent had not changed.
I not concerned all my properties (occupied ones that is ) are profitable.
Net yields range from 6.4pc to 20pc + on original cost
I don't think tenants would run a property to the ground just because the rent had not changed.
My thought was that you were running the properties into the ground and therefore couldn't demand a better rent.
Still don't understand why the rent would stay the same for 10-15 years.
My thought was that you were running the properties into the ground and therefore couldn't demand a better rent.
Still don't understand why the rent would stay the same for 10-15 years.
The lease agreements are set 6 to 12 year intervals (commercial and residential)
But the outgoings are paid by the tenant
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