Due to Perth's high vacancy rate I had to drop the rent down $30 pw. It took 8 weeks to secure someone. Luckily it was a break lease and I'll only be out of pocket 3 days once my tenant moves in.
Anyway in the end I decided to sign up a tenant who's wage will go towards 40% of the rent. I'm taking a risk here but my gut was telling me to give them a go, as I haven't had any other applications. I'm grateful I have someone. I was a bit stressed. It's a mother and young teenage daughter moving in to my studio. Wife seperated from husband. Not ideal but I've been told they have good references and they seem nice. oh and she has around $5000 in savings. Hopefully she is a good budgeter.
How about you? Anyone sign up someone who is spending half their pay packet on the accommodation?
Anyway in the end I decided to sign up a tenant who's wage will go towards 40% of the rent. I'm taking a risk here but my gut was telling me to give them a go, as I haven't had any other applications. I'm grateful I have someone. I was a bit stressed. It's a mother and young teenage daughter moving in to my studio. Wife seperated from husband. Not ideal but I've been told they have good references and they seem nice. oh and she has around $5000 in savings. Hopefully she is a good budgeter.
How about you? Anyone sign up someone who is spending half their pay packet on the accommodation?
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