It's christmas and you know what that means - rental arrears

Discussion in 'Property Management' started by Tejas57, 24th Dec, 2017.

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  1. Eric Wu

    Eric Wu Well-Known Member

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    Xmas ≠ not paying rent. landlords still have to pay mortgage repayments.
     
    Eric Wu, 24th Dec, 2017
    #21
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  2. Perthguy

    Perthguy Well-Known Member

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    This is true. All my tenants are up to date and I got my first Christmas present from a tenant today. The funny thing is this tenant was terrible on paper but has turned out to be one of my best tenants ever. Merry Christmas to all the great tenants out there!
     
    Perthguy, 24th Dec, 2017
    #22
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  3. Antoni0

    Antoni0 Well-Known Member

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    Some real estate agents used to ask tenants to be 2 weeks in advance so that if something financially happens they have a few weeks back up.
     
    Antoni0, 24th Dec, 2017
    #23
  4. hobo

    hobo Well-Known Member

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    Who doesn’t ask tenants to be two weeks in advance??

    Doesn’t necessarily stop them getting behind, though.
     
    hobo, 25th Dec, 2017
    #24
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  5. Tom Rivera

    Tom Rivera Property Manager Business Member

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    You get a good idea of this when you process the application- affordability and a copy of a bank statement -among some other more subtle implied indicators- tend to give you a decent idea of how financially responsible people are.
     
    Tom Rivera, 25th Dec, 2017
    #25
  6. Anthony Brew

    Anthony Brew Well-Known Member

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    Ahhh you ask for a bank statement.
    How far back? 6mo or 12mo?
     
    Anthony Brew, 25th Dec, 2017
    #26
  7. Antoni0

    Antoni0 Well-Known Member

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    No it doesn't but you pretty much know what you have when they fall back in rent within the first couple of weeks and it's not a requirement to rent a house AFAIK.
     
    Antoni0, 25th Dec, 2017
    #27
  8. hobo

    hobo Well-Known Member

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    @Antoni0 Yep, sorry, I was unclear - I agree with you that the 2 wks in advance is a good idea. Cheers :)
     
    hobo, 25th Dec, 2017
    #28
  9. Zoolander

    Zoolander Well-Known Member

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    Had an old agent (Sacked later) who mentioned the applicant sent a snapshot of their bank statement showing their savings. Far from essential but anything that helps a landlord say yes and stand out from other applicants.
     
    Zoolander, 26th Dec, 2017
    #29
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  10. TMNT

    TMNT Well-Known Member

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    It's the great Aussie way!

    Entitlement to expensive gifts
    Think of The children
    Not being able to afford gifts is everyone else's fault

    No rent for us landlords
     
    TMNT, 27th Dec, 2017
    #30
  11. TMNT

    TMNT Well-Known Member

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    Kudos to you!

    And what was their reply???

    Wish I was a fly on the wall
     
    TMNT, 27th Dec, 2017
    #31
  12. MyPropertyPro

    MyPropertyPro REBAA Buyer's Agents Sutherland Shire & Surrounds Business Member

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    I don't generally get a reply with a rental increase, usually some sort of pseudo-threat that they'll look around to move out until they realise I'm only charging market rent anyway and it all goes away.

    I would have liked to have been there too! I can only assume they made the correlation between last years' present vs. this years' present and maybe now think that movie vouchers weren't so bad after all...
     
    MyPropertyPro, 27th Dec, 2017
    #32
  13. Tom Rivera

    Tom Rivera Property Manager Business Member

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    I generally just ask for the most recent one. People's habits don't really change and there's a big difference between people who live week to week and people who don't.
     
    Tom Rivera, 27th Dec, 2017
    #33
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