VIC No Rent From March

Discussion in 'Property Management' started by MelbInvester, 1st May, 2020.

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  1. MelbInvester

    MelbInvester Well-Known Member

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    Hi All,

    My property have been rented to 5 international uni students and now they are refused to pay the rent. Lease has expired and they are on Month to Month .

    They are applied for the Rent Relief but that will cover my March rent. Property is rented for weekly $600 and i just reduced to $425 PM for 3 months.

    Now they are not answering the calls, texts or my emails .

    What can i do?

    MI
     
    MelbInvester, 1st May, 2020
    #1
  2. S.T

    S.T Well-Known Member

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    What does your property manager suggest your next step is?
     
    S.T, 1st May, 2020
    #2
  3. spuddy

    spuddy Member

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    Definitely lean on your PM to do their bit to help you manage this. They should have provided some evidence of reduced earnings to negotiate a reduced rental to start with...if not, make sure they do so you can show you are negotiating in good faith.

    There is a little more financial support recently announced for foreign students that may help them out.

    Coronavirus (COVID-19) support for international students

    Hopefully you have landlords insurance that covers rent default because at this stage there is little you can do for 6 months given the ban on evictions.
     
    spuddy, 1st May, 2020
    #3
  4. The Y-man

    The Y-man Moderator Staff Member

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    Was this on advice of the PM?
    Could impact your LL insurance (if you have it) claim.

    The Y-man
     
    The Y-man, 1st May, 2020
    #4
  5. MelbInvester

    MelbInvester Well-Known Member

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    This Property is managed by myself. So if they not paying last 2 months can i proceed with eviction?

    I have a LL Insurance and i'll check with them.
     
    MelbInvester, 1st May, 2020
    #5
  6. The Y-man

    The Y-man Moderator Staff Member

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    If you are self-managing you MUST stay up to date with all the regs for your state or you may end up not only with bad tenancy but also paying a fine! :eek:

    The Y-man
     
    The Y-man, 1st May, 2020
    #6
  7. MelbInvester

    MelbInvester Well-Known Member

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    What do you mean paying a fine?
     
    MelbInvester, 1st May, 2020
    #7
  8. The Y-man

    The Y-man Moderator Staff Member

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    Residential tenancies (unlike commercials) are regulated by law.

    So if you are found in breach of the law, you can be fined. For example, in Victoria if you have not lodged the bond with the RTBA and put it in your personal bank account, if you have not handed the correct guide for tenants at the commencement of the lease etc....

    Housing

    The Y-man
     
    The Y-man, 1st May, 2020
    #8
  9. Hetty

    Hetty Well-Known Member

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    Gawd. Get a PM!
     
    Hetty, 1st May, 2020
    #9
  10. Gill Bates

    Gill Bates Well-Known Member

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    Ive rented to students for a long time . Would be VERY unusual for ALL of them to have no savings and all to run out of money at SAME time?
     
    Gill Bates, 1st May, 2020
    #10
  11. twobobsworth

    twobobsworth Well-Known Member

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    twobobsworth, 1st May, 2020
    #11
  12. Gill Bates

    Gill Bates Well-Known Member

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    What was their situation previously - where they working?
    IF so Id ask to see written evidence from employer they are no longer working.

    If they have no money how will they be buying food for next several months???

    International students with no money where advised by government to go home . They where warned the situation may go on for a lot longer than 6 months etc .
    Depending on their course they may have just paid their tuition fess for a semester cira $15K around end feb/mar Does their course end this July . If not how are they planning on paying the next $15K that will be due in July for 2nd semester.?

    Id also ask for recent bank statement for last 60 days, to show what their savings are?
     
    Last edited: 1st May, 2020
    Gill Bates, 1st May, 2020
    #12
    Rolf Latham likes this.
  13. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    I guess 425 v nil is not too bad ?

    Plus the advice above

    ta
    rof
     
    Rolf Latham, 1st May, 2020
    #13
  14. MelbInvester

    MelbInvester Well-Known Member

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    I have to rented in a proper way and lodging the bond with RTBA.
     
    MelbInvester, 2nd May, 2020
    #14
    The Y-man likes this.