Leasing property to PM who renting through?

Discussion in 'Property Management' started by Madcatters, 10th Oct, 2019.

Join Australia's most dynamic and respected property investment community
Tags:
  1. Madcatters

    Madcatters Active Member

    Joined:
    7th Jan, 2017
    Posts:
    41
    Location:
    Melbourne
    we are considering moving out of our property we own and rent out another larger property nearby. We are thinking of offering our property to the PM we apply for our rental to sweeten the deal, it seems to be a tight rental market near us. We are also thinking of offering 12 months up front rent.

    We last rented 5 years ago, good tenants but have lived in our PPOR since.

    What’s our thoughts here on using the same property manager to let out our house who we use to rent another home through?
     
    Madcatters, 10th Oct, 2019
    #1
  2. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,225
    Location:
    Sydney or NSW or Australia
    Interesting proposition, offering a bribe to get a rental.

    How do you know that the agent is any good? You won't until you face the first issues.

    Do the rounds of opens to see them in action, get them all in to hear their spiel.
     
    Scott No Mates, 10th Oct, 2019
    #2
    Dan Wood likes this.
  3. Pumpkin

    Pumpkin Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    1,342
    Location:
    Brisbane
    Hmm, I wont do it due to conflict of interest.
    Rather keep all transactions at arm's length.
     
    Pumpkin, 10th Oct, 2019
    #3
  4. Michael Mitchell

    Michael Mitchell Property Manager Business Member

    Joined:
    17th Sep, 2018
    Posts:
    1,385
    Location:
    Brisbane (Nundah)
    Avoid.
     
    Michael Mitchell, 10th Oct, 2019
    #4