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Advice wanted on short term tenants

Discussion in 'Property Management' started by Casey, 29th Nov, 2015.

  1. Casey

    Casey New Member

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    Hi I am buying a house that is tenanted , they are moving out 2 weeks later. Is there an easy way of managing this? I assume the process would be for house inspection on day of settlement, and transfer to me with new property inspection, by property manager, and having to pay a letting fee?
     
  2. wylie

    wylie Moderator Staff Member

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    Can you arrange for the settlement to wait until they move out?
     
    Propertunity, WestOz and Terry_w like this.
  3. Xenia

    Xenia Best Adelaide Property Manager Business Member

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  4. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

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  5. JacM

    JacM VIC Buyer's Agent Business Member

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  6. Scott No Mates

    Scott No Mates Well-Known Member

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    Fail to settle on the day and reschedule for 2 weeks later. (Be wary of any penalties).

    Is it an ipor ppor,? Have you considered the cgt & land tax consequences?
     
  7. Azazel

    Azazel Well-Known Member

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    +1 to this.
    Would be a much smoother transition if they get out before settlement.
     
  8. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

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  9. Casey

    Casey New Member

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    Thanks for your responses, very helpful I only own one other property it has 2 industrial units and a house on it, and this will be my ppor .