To help with my mortgage, whilst away, I have decided to rent out my flat. I am nervous about the prospect, but it should cover at least 50% of my loan so I would be a fool not to. That would certainly give me a lot more spending money in Nepal!!!
Tuesday, I got off my back side and phoned an agency. Has a property manager was coming first thing, this morning I was up at a godly hour cleaning my bathroom. What with airbnb (no potential lodgers yet!!!) and now this, my flat has never looked so tidy.
I have little experience of being a landlord, so this is new territory for me. Until 2 years ago, I have always been in the renters shoes, so I didn’t quite know what to expect. First impressions, she seemed very nice. A typical estate agent. I made her take her shoes off, so not to damage my wooden floor with her stilettos.
She did not think it would be a problem renting it for only 4 months. A lot of overseas visitors look for a short term let, so that sounds promising.
I am planning on renting my flat furnished. That would mean a lot less hassle, since if I had to place everything in storage that would have been a complete mare. I just need to pack away my personal belongs, bed linen and anything I couldn’t bare to lose. The agency will provide an inventory of all remaining items, so if the tenant does go on the rampage they will be held accountable.
I will need to cancel Electric and Gas just before I leave, so if the tenant decides to live in desert like conditions I have not got to stump the bill.
I have a few things I need to fix around the house, so that the tenant won’t annoy her. Not sure why a temperamental washing machine can’t be seen as a quirky feature.
It was short and sweet meeting, but it all sounded good.
Tonight I had a quick flick through the literature:
- Letting Fees – 1 week’s rents
- Management Fee – 7% of rent collected
- Lease preparation fee – $20 AUD
- Admin charges – $5 per month
- Advertising – $75
- Plus 10% GST (Good Services Tax – for any non Aussies)
Hmmmm, certainly a lot of fees. This morning I was happy to go with Miss Stilettos but I might check one more agency to see if they are competitive. However, for me it is more important I get a good agency, that will choose good tenants, than save a few pennies. When I am TEFLing in Nepal – I DO NOT want to be stressing over my little flat.
Well that’s it for tonight, night night
The Wanderer x