Do I sack the Property Manager?
Last edited 06/04/2017 - 12:04
Hi guys back again with more dramas in my life!
So i have recently purchased a investment property(settlement is the end of April) in which the current tenants have been there for 8 years in which the rent has not increased once!? They have a track record of looking after the property and consistently paying on time but they are playing $320 per week in which the average rent for similar properties sit around the 370-400 mark?
Since my finance came threw I have contacted the current property manager and advised her that the rent is going to go up and im happy to be reasonable and give the tenants a 12-month lease at $350 (in which rent will increase annually/or be up for negotiation) or a 3-year lease where rent will stay the same until the lease ends.
I talked to the manager 3 weeks ago she never got back to me then I e-mailed her in which she just forwarded me a E-mail the tenant has sent saying they were willing to sign a 12-month lease depending on rent increase (they also made some demands regarding some minor repairs and additional things to the property ie air con etc) - I have the feeling she didnt tell them anything we talked about on the phone 3-weeks prior. - but i did say i was open to installing a new door etc
I re-mailed her on the weekend basically saying what i told her over the phone and i have got no reply not even a acknowledgement of the terms i mentioned?
I am being generous in the lease rate because they have been there for a long time and looked after the property and honestly i'd rather just rent out the property from day dot then go looking for tenants.
I have another rental in which i have managed myself (but to people i know) in which that property my current tenants have informed me they are moving out in 3 months.
I am technically not the landlord yet so i know they dont have to do much but considering settlement in later this month you think they would be trying to keep my business?
Im pretty sure i will go to a different agent or go solo if these tenants move out because i feel like the manager doesnt give a f***
Am i being unreasonable? does anyone else have stories of hopeless property managers?
What would you people do?
2 days ago I sent her another e-mail just asking how theres where going how did the tenants feel about that i proposed she emailed me back saying he was ill and would be back in the office tomorrow. (now personally i thought this was bullshit)
Since then i have not heard anything from her so if these tenants move out im certainly going my own way