Post to Facebook on 19/10/19 at 8:40 PM
Commenting on “Five-bedroom Fitzroy share house passes in for $1.52 million”
https://www.domain.com.au/news/melbourne-auctions-five-bedroom-fitzroy-share-house-passes-in-for-1-52-million-895542/
Yesterday 19/10/2019 auction clearance rate was 72%, below the week’s before. Is it going to plateau off until end of the year, or is this just a slow week?
I have no opinion as to how much more is required to spend on the property to bring it up to scratch to attract good tenants. I am always weary about term like “renovation opportunity” in an advertisement or real estate display board.
Having a share house or student accommodation to rent out as a business concern can be quite lucrative, but that can also shorten your life for several years, if not longer. Furthermore, ATO is going to watch out for such properties, after having a go at AirBnb.
All you need is one bad tenant, you’ll have it. Unless each tenant has his/her own meter for the different utilities, managing how gas, electricity and water usage is a task and a half. Then there are regulations to comply with.
Thank you for reading.
Commenting on “Five-bedroom Fitzroy share house passes in for $1.52 million”
https://www.domain.com.au/news/melbourne-auctions-five-bedroom-fitzroy-share-house-passes-in-for-1-52-million-895542/
Yesterday 19/10/2019 auction clearance rate was 72%, below the week’s before. Is it going to plateau off until end of the year, or is this just a slow week?
I have no opinion as to how much more is required to spend on the property to bring it up to scratch to attract good tenants. I am always weary about term like “renovation opportunity” in an advertisement or real estate display board.
Having a share house or student accommodation to rent out as a business concern can be quite lucrative, but that can also shorten your life for several years, if not longer. Furthermore, ATO is going to watch out for such properties, after having a go at AirBnb.
All you need is one bad tenant, you’ll have it. Unless each tenant has his/her own meter for the different utilities, managing how gas, electricity and water usage is a task and a half. Then there are regulations to comply with.
Thank you for reading.
