Tenant/rental agents who manage existing tenants

Hi

I have a rental property who I have 2 family friends renting there at the moment. They need a third person to rent a room to help pay rent etc

The agents I have called only deal with vacant homes

are there any around that can manage existing tenants and advertise for a third person and manage it?

 

How much is the current rental for the two persons?
And how much rent you expect from the third person?

 

Location is in Werribee

Currently giving very cheap rent for due to family friend $250 a week for a 3 bedroom house

Need to bump it up to $320 per week - they are struggling at the moment so a 3rd tenant will help

so the third one will be paying 1/3 of $320 = $106

 

Umm why would you be the one looking for their housemate?

Seems like it would just cause you a raft of issues compared to just having a legal relationship with the current tenants and letting them sublet.

Legally and practically.

 

The tenant should look to one of the share house websites like tinder or resort to putting an advert on traffic lights.

 

Because its a family friend. But I want to avoid issues and keep it a legal/business relationship hence why I want an agent to manage it, so I want to know if there are agents available that manage already tenanted houses

Lets not stray off in a different direction of why and how. I just want to know if there are an agent around that can manage subletting. I dont want to manage it myself

 

Do you have a lease bond etc

 

I have a lease agreement yes. But no bond

if we were going to go the 3rd tenant route id organise a bond

 

Except I'm telling you that it might cause more problems for you and your family friend. What if they don't get along? How would you get rid of the new tenants exactly?

Because there's a real chance they are tenants if you lease to them, as opposed to lodgers if your family friends dealt with them.

That's just one example.

 

Fraught with danger. Abort.

 

This is exactly the reason for my post. If they dont get along or they have disputes and the 3rd tenant is late with rent, I want the agent to deal with it the issues and do the chasing not me

 

My guess is the agent doesnt want it because its not a genuine lease. Agents take over rented properties all the time.

 

Yeh I guess most agents do vacant properties because they want to do a new license but I am also happy to create a new license agreement also

 

If there is no bond now, you cannot ask for a bond.

Agents generally won't touch a multi-let property, these are private arrangements. If your friends need a flatmate, they should find someone suitable who is compatible.

 

I don't think tinder is a good place to get rent, but it may result in a happy ending.

 

Your language indicates that you are a new Australian. What you are asking doesn't generally happen here.

Here's how it goes here:
The current tenants advertise (or word of mouth) on say gumtree for a housemate. Housemate moves in and pays current tenants rent that they pay to you/agent. Ideally they would ask permission for new housemate and that person would be vetted and added to the lease - this often doesn't happen.

 

You would like them to get along.

 

Just think of the headaches when you have to add another (junior) tenant to the lease. I recommend Tinder to avoid that problem.

 

There is no money for a PM.
The total rent is $320 or therabout. But the portion you are willing to pass on to the PM is $106. Eventhough you are willing to pay 10% fees, that’s only $10per week, plus let fee of $106 +GST.....Would you yourself be interested in earning that money?
This proposal seems quite mind-boggling to me. Agree with others, let them find the third person and get you to approve, and pay as one lot of payment, not three or two lots.

 

I can't see any agent wanting to take this on, nor realistically why it would benefit you. I can see where you're coming from but I think you're overthinking it here.

Flatshare and Houseshare websites are pretty good. You still get to check over the potential third tenant and approve them to live in the property, as a leaseholder or just as an approved applicant. We've been renting rooms in our house for years and it's great. Just be aware of the idiosyncrasies involved in how you set it up (i.e. sublet, leaseholder, approved occupant, none of the above) and the potential for things like disagreements.