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Should Take a Leaf Out of My Book!!

Rental Property Townsville

In 2003 I purchased a block of 8 units from a local Townsville real estate agent. The selling agent assured me the rents were at fair market rate and that I should leave the units with their rental department to manage. Instead I moved the rental property to Coral Sea and within 18 months they had moved most of units up by $40 to $50 per week! (Thats nearly $20 000 per year)

 

Over the next 7 years we continued to gain regular rent rises and in consultation with Coral Sea have recently installed air conditioning to the units. The result, rent rises of another $30 to $40 per week. In some cases our rents have tripled from the original rates.

 

I have several other properties throughout Australia and I wish my other property managers would take a leaf from Coral Sea………………

 

Dan C

Newcastle

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