What tenants expect nowadays when they lease your property The days of old, unmatched carpeting, tired bathrooms and primitive kitchens for a tenant are gone. Tenants now expect a clean, tidy property. If there's a choice between paying more for a nice place with better quality fittings, or paying slightly less for a poorly presented property, they will usually go for "nice". Twenty years ago, your typical older tenant usually rented an affordable property alone. Today, people are more prepared to co-habit in a superior property. The one whose name is on the lease often rents out at up to $140 per bedroom with two or three other people helping to pay the rent.. Recommendation: Put in air-conditioning and quality blinds. Above all, have the better quality stove, bathrooms, carpets. Landlords are better off keeping everything at a high standard to get a higher return. At the time of writing, the difference between a new property with and one without air conditioning is about $20 a week for $2500 split system, which gives you a 40% return. If you're paying off the property, that extra $1000 a year is a significant improvement in rent. |
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