Mel Ballas, Conveyed · Melbourne Property Podcast · 19 Tips To NAIL Your Melbourne Property Settlement
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Add a rent-back special condition allowing the vendor to lease the property back at market rent after settlement
“Property manager raises rent every quarter… if you can predict when those rent increases are going to happen, then that can help also with your pro forma and cash flow.”
“Leasing the stadium for less than $30,000 a year or $577 a week, less than the average rent for homes in the area”
“Does your underwriting allow you to lease up in six months? … A good model will ramp it up from 66% up to 90% over the course of six months.”
“Chinese prices start at US$20,000 for the little Neo Firefly with the big battery. But it'll start from US$12,000 if you rent the battery. And then you have an ongoing payment because you're leasing or renting the battery. And that's US$100 a month.”
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