Take tenants with pets or keep searching?

SQM have the vacancy rate at 2.6% which is still reasonably low.

That house looks good for the area. There are a lot of dumps in Wavell Heights. One of the bedrooms is very small, but that's what you get it that era housing in that area.

I think the rent is about right. 10 mins on rea.com.au will confirm.

 

A couple of foxies, I don't think I'd be too worried if most of the house is tiled. They tend to be reasonably tidy dogs.

Generally if the house is suitable for the particular pet, I allow them. Tenants with pets have a tough time finding a home and thus are less likely to move, are willing to pay a good rent and they usually take better care of the property. A tenant with a pet is more likely to make the house their 'home' rather than a 'place they rent for a while'.

 

This house value ($550k) approx is below average for the suburb ($630k median). Yes there are quite a few post war homes unrenovated but plenty of expensive properties too.

 

I'd listen to the agents and put the rent at what they advised. You're loosing money otherwise.
also if they some how do damage, the extra cash can fix the problems

 

Can I do that after advertising. Should I ask the 2 existing applicants if they want to pay $10 more? Would the agent do that?

Another agent said 400 to 440

 

If it's a 12 month contract, you can only raise the rent when the contract finishes. Do you trust your current agent? If so then listen to them as its their proffesion. It's why you hired them to manage it.

 

I mean can I raise the rent now? There is no contract signed. Just have two applications at $455. I have asked the agent what they think about asking the preferred one if they will pay $465.

 

If contracts aren't signed then you can ask what you like.
What did they say when your agent asked your future tenants @465?

 

I am waiting to hear back. I don't know if she will ask. They might get upset. I am also wondering if I can change the listing price. Have someone else coming to inspect tonight. There will be new people looking at this this weekend so maybe can try 465 and might find someone with no pets no kids. But also listening to others here who say lock down the existing applicants.

 

If you wait another week then you loose 450. If your agent is happy with current selection then lock it in. If they damage the place, bond money should cover it.
Or list at 465 straight away, wait and see if you can get tenants without pets/kids.
I have no issue with pets or kids. Prefer pets to kids unless kids are really young. And don't like to many pets.
I've had tenants with dogs and cats. I found the cats did damage. Urine smell, tear all curtains. But that's because my tenants where *****, if your tenants are great then you usually won't have issues.

 

Asking a tenant to increase their rent after an application to secure it is a poor practice, and any manager who allows this request should have their professionalism questioned.

I came across a PM recently who asked a tenant to pay $50pw more than their approved application in order to secure the property. The worst thing was this was not because it was underpriced, it was so they would not lose the property management. Another agent had promised the owner they could get $50pw more by marketing it to international students and the PM wanted to keep their commission, so they did the wrong thing by the tenant out of self interest.

 

It sounds a lot like a rental auction... Which in Tassie at least is a crime..

 

In this case, property advertised at $x, application received at $x, application approved at $x by landlord, then between this and signing lease, PM told tenant they needed to pay $50pw more to secure it otherwise they would lose the listing to another agent promising landlord more

 

I offered it to one of the existing applicants. Let's see if they accept if they are still looking.
Had open tonight 2 new parties. One wanted to put in application was 3 guys. Sounds a bit risky.
I thought about waiting until Saturday to see who shows up but decided to lock in what I had and move on.
The ten bucks is no biggie. I'm happy with 455 and can look at rental increases over time.
The agent did not agree to ask them for ten more as an application had been submitted at a price already.
They will have to do a pet treatment on the carpets. I think my place is probably relatively immune to small pet damage. If not, I will chase them for it

 

I will lock in 12 for security. I get the feeling they will stay he works at airport. Both around 30yrs old lots of cafes around and Nundah etc. The house suits them. Fully fenced. Quite a typical family for the street with their little dog

 

I like your Pm. Plus if an agent told me they wanted more rent I would tell them where to stick it..

 

Doing opens in this manner is risky. You can't make educated decisions on whether to accept an application if you are unsure if there's 0 or 100 people coming.

Make tenants register for opens, then you know how many there are and their contact details. Then you can say well no others are registered so accept these guys or there's heaps more people interested so its worth waiting. You can also bulk remind them to come along and also bulk send them app forms. Need to garner maximum possible interest and allow no one to leak from the system, if you want to lease quickly and / or at good $ amount.