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Selling a rental apartment in a different state
Answered Saturday 12 July 2008 |Share:
Hi Andrew,
First I would like to say how great your show is and I hope you will be doing another series in Aus. My partner and I have a rental apartment in Mosman Sydney and may put it on the market over the next 6 months. It has been fully renovated to a very high standard. I did an inspection last year and although the tenant has some nice furniture it is congested and looks cramped. My question is how do you get the best out of your property when you have a tenant that is not presenting the apartment as well as it should be. Kicking them out is an option but we will lose income while we are selling. We also live and work in Melbourne. It makes it very hard. Any idea's?? Thanks again for your great show.
Best Wishes
Alan
Chadstone Victoria
Answer
A very valid point, why should a tenant care they are paying rent, making beds and presenting for sale is not in their lease! A little tip, if they do have nice things and all it needs is a tidy up etc - bribe them, a free weeks rent etc for helping in the process. If they are a lost cause, you have to calculate the difference in sale value between selling it as is and selling it vacant and staged - get local agents to comments on that.
Andrew Winter
Property Expert
