One of our expat clients recently bought a beautiful renovated Queenslander in Brisbane’s inner north, using Milk Chocolate’s purchasing services. Within mere days of settlement, the home was on the rental market and open to prospective tenants.
Initially, we advertised the home at $950 per week. We received two applications following the first open for inspection and approved one after a few days. The new tenants – a professional family with two teenagers – happened to live on the same street, but were required to vacate their home while it was undergoing insurance repairs.
The best part, though? The new tenants actually offered a significantly higher rental amount to secure the home. They went $250 over asking to bring the rent up to $1200 per week, which is more than 25% of the original amount.
Needless to say, our expat client was thrilled that the home was rented out so quickly, but even happier due to the improved return on their investment. This is just another example of Milk Chocolate using and understanding the data to purchase an investment property that was going to rent quickly and for a great price.
Thinking of leasing an existing home and not sure where to start? Book a complimentary 30-minute session with a management and maintenance team member.
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