This new property in Wickham has only recently been bought over to our experienced Property Management team at Property Solutions 101.
At the time of signing this property to Property Solutions 101 team, it was well under current market rental value renting at $410 per week. Our team discussed this at lenght with the current tenants at the time and negotiated a rent increase to $460 per week. Within a few days of this discussion the rent increase notice being given, the tenants decided to leave at the end of their lease rathe than continue under the new rental increase amount.
The Property Solutions 101 team only needed to hold one open for inspection on a Saturday with a huge turnout. The property was successfully leased at $480 per week with only a few days turnaround between tenants.
A great result for our new landlord, who is needless to say completely ecstatic.
Get in touch with our team (via the contact us form below) about how you can easily swap your investment property to our property management team.