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  • #68224
    Jimmy-T
    Keymaster

      A few weeks ago I wrote about how short-term holiday lets were impacting on the residential rental market.  Reader Jill Saunders in Tasmania didn
      [See the full post at: Opinion: Why landlords switch rentals to Airbnb]

      The opinions offered in these Forum posts and replies are not intended to be taken as legal advice. Readers with serious issues should consult experienced strata lawyers.
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    • #68251
      Tenacious
      Flatchatter

        Thank you Jill Saunders for focusing on the real problem with long term renting (or even short term).

        A couple of years ago I had to move to Sydney to cope with a family emergency; I let a double room in my Canberra townhouse to a mature-age student whom I felt would be stable and responsible, and on the understanding that I kept  one room for myself that I would use every so often (once every two or three months, as it turned out).

        At first all went well, his rent was paid promptly by a family member and I was reassured every time I visited that there were no problems, although I did notice his tendency to use most of the living space as a study/library.

        However some time later when I visited I noticed he’d moved heavy bookcases (with heavy books) into his room, seemingly barricading himself in) and when I questioned him about it, he was strangely evasive. I rang his university -fortuitously I myself had tutored there- and was told he was no longer a student, and I should contact a mental health service as privacy issues wee involved.  I had to go back to Sydney but tried to maintain contact but he turned aggressive and announced he was leaving as I had “betrayed a trust” by ringing his university.  I was relieved  and retuned to ensure that he did leave when and how he said he would. He did, but I will not be rent out my place, as it’s just too stressful – group houses are now a fact of life for most in Australia but the burden always falls on the person who had most invested in the dwelling, either financially or emotionally.

        #68249
        Blackhotel
        Flatchatter

          very well written and I totally agree with her analogy. I have just switched one of my rentals to STR. after having a tenant live in my property for 7 years, suddenly he stopped paying rent. Took me 2 months of no rent before NCAT issued orders to get out and repay $12k in back rent. Didn’t pay. He left the property with all his stuff in it and sent me a message stating that he left his $3k TV behind as payment for the losses. NCAT delayed the process by 4 weeks because tenants claimed they were sick on the day of hearing, so they got another 4 weeks rent free. Absolute joke. What I love about STR VS LTR is if you have a problem with a person, STR are leaving the next day whereas the LTR takes months to get rid of them. Until you have been put in this position then you don’t realise why landlords are switching. This is why I switched and loving that I now control my property investment. When all my other properties leases end, I’m switching all of them over to STR.

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