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Newbie Tip . Talk to the PM first - before you buy.

Discussion in 'The Buying & Selling Process' started by See Change, 1st Jul, 2015.

  1. See Change

    See Change Timing Lord Premium Member

    18th Jun, 2015
    Not sure who gave me this tip first around about 15 years ago . Might have been Jacques or Goanna . But it's worked out well .

    Before we buy in an area , we always talk to several local PM's first . They're the ones who are going to have to rent out and manage your new baby . They want properties that are easy to rent , easy to manage and low maintainence . Less work for them .

    We ask , what properties are easy to rent , what don't they have enough off on their rental role . What's hard to rent ?

    Are there any areas they have difficulty renting in and tenants prefer to avoid ?

    What specific features do tenant want / avoid ?

    Flat back yard / garage / avoid hilly areas / close to shops / not to close to shops . In some areas certain shops are a focus for trouble .

    Outside being part of the process of selecting a property , it's also part of the process of selecting a PM .

    Toon, dismith, Catalyst and 7 others like this.
  2. sandyfeet

    sandyfeet Well-Known Member

    19th Jun, 2015
    Curl Curl
    A very good, simple idea!