Wednesday, 18 March 2009

Shaky Global Economy comes home to me

Tony and I moved the Sydney ( northern suburbs) when Dopey offered us Geni exactly one year ago. As we were not sure how this would go, we rented and fairly swiftly found a place and moved in and discussion with the landlord were around a long lease - the first one being for one year.

This is one of two investment properties for them. Last Friday I received a scanned unsigned letter via emil informing me they are selling, the place being put on the market immediately.

Some notable points here; I am still on my lease. They need to give me sufficient notice.

Yesterday I received a call from the selling agent asking if I wold make the place available at 10am today for a photographer. I suggested that was not sufficient notice and the agent got a little huffy. She also informed me open house /viewings wold be at 10am each Saturday.

I dislike the short notice but I was not staying anyways and had my eye on a few places the first of which I saw after work yesterday. Mental note to self: if a place looks too good to e true on paper, there is usually a reason. The dollars were affordable, the surrounding area was suitable and the place was a musty damp ridden shoebox. I walked in, around once and walked out. I have another two places to see Saturday.

I love moving!!!

12 comments:

  1. This is an unfortunate part of the business. I made the transition from the old owner to us very seamless.

    I didn't kick anyone out and kept all the rents the same. I only have one original tenant and have improved each property as it has vacated and improved my rents.

    I also rent month to month. I don't raise rates while you are in but I don't want to fight about a long term contract if the arrangement doesn't work out for the tenant or me.

    I am the handyman so I'm around fairly often.

    Hope you find something nice. This is just a sign of the times...

    Bobby

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  2. you should find some good deals, the economy being what it is. Hope you find something great.

    Over here, long term contracts are standard. I had a 5 year one that extends automatically if not canceled... and I've been here 8 years now. AND, you must give 3 month notice. If you want to move sooner, you must provide a new tenant that meets the owners approval.

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  3. Looking for a new place to live can be fun, or it can be aggravation. I hope you find something to suit your liking. They aren't giving you much notice, are they. Not nice! Hugs.

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  4. I hate moving too. They will have to carry me out of the Cesspit in a box!

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  5. All that seems very unfair.
    I hope you find a new perfect place to your liking.

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  6. PS: Did you package arrive via air or water, do you know? Just curious. Hugs.

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  7. I know property prices are coming down but rents aren't
    Hope you find a gem
    I don't mind moving I suppose got good at it now :(

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  8. did you here that? F-B said she'd come help you move!

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  9. Come on down guys - You can all help. I am absolutely delighted to move because I don't mind change, and well - it seems change is my theme for this year. So I have seen two places that don;t meet the standard I appreciate. I have three more places lined up for Saturday and have the feelers out for 8 otehr possibilities. I am certain the right place will turn up.

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  10. Good luck on your search! I'm sure the right place will turn up, with a little patience.

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  11. Actually, the can sell the house but they legally can't ask you to move before your lease is up.

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  12. They haven't asked me to leave however with the changes in my personal situation I feel moving is the right thing. For me. Financially and emotionally. Plus there is the disruption of people "inspecting" and me having to be gone at least once a week. Okay if it is just me, but if the girls are here.....can be not fair on them.

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