Holding Tenants To High Standards

The egg on face report

Holding Tenants to high standards

Not a major disaster, but even with like Eric’s properties for instance, where I had a vacate the other day of the tenants that I put in there and even though Eric managed that, I didn’t manage it.

I sort of set the same sort of expectations with it at the outset and I say to you now when it comes to exit, I’ll be doing it. And I’m very strict even though it’s an old property or know the difference between dirt and wear and tear.

And then yet when I got to the exit inspection, even though the property was fairly well cleaned because she did the bond clean herself there was like a layer of dust on the vanity. The toilet wasn’t perfect, the shower wasn’t perfect. And so, and she was there while I did the exit. And then at first she sort of, you know, when I said, well, this was not right, she would wipe it off on that.

But then the day before the wind was blowing a lot and the windows were left open. So she said, oh, that just flew in from the wind. That sort of thing. I said, well unfortunately I wasn’t here yesterday when you cleaned it, but I’m here now and theres dust now so I can’t tick it off if it’s got dust on it.

And she was getting really cranky with me. And then look at first and she was like huffing and puffing and moaning and groaning and, but then at the end when she’s done all that and then now say I can now happy with everything, then she was all friendly again.

So even that she was sort of huffing and puffing and not happy about it. She knew that that was the expectation I set and this is what I want. And I wasn’t backing down either. I said this is what it’s got to be and I’m sorry, I can’t tick it off if it’s not done.

For more information about property maintenance, don’t hesitate to contact us

How much is your home worth today?

HOW MUCH INCREASE?

I’ve had some buyers tell me …”Yeah I know, the market has gone up a hundred grand.” Others say it’s up at least 10%. One thing is for sure, the lagging indicators of sale prices that find their way to the surface two or three months after settlement are not reflecting the current hype in the market. The official national figure for 2021 year-on-year dwellings growth is 5.9%.

WHAT DO WE DO?

Over the long-term real estate always seems to go up in value. So why sell now? Maybe you shouldn’t. Maybe holding on to solid assets that are rising in value is a good plan.

One of the benefits of an improved market is that it takes up the slack from previous problems. There were a lot of people that bought properties at the very peak of the market just before the GFC hit. Many of them were still sitting on assets two years ago that were worth less than they paid eleven years earlier.

Maybe this boom will allow them the liquidity to sell and move on.

Another old maxim is, “Buy in the gloom, sell in the boom”

Where are you in the financial cycle of your life? Are you feeling young and still accumulating all you can get your hands on, or is it time to take the win and set up for some golden years?

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