Reap More Rental Returns

A few weeks ago I mentioned how I decided against selling my house and chose to offer the property for rent; which would allow me to continue building my property portfolio.

I already had a small investment property and I thought renting my primary residence might stretch the finances too far! Anyway, thanks to some nifty refinancing - I was able to rent the property out and soon began advertising to the public.

I set the rental price a little higher than the current rate for my area, but was excited to see a good response and some strong leads this week.

Now one couple in particular were quite keen on the house and came for a second inspection today. I am asking $350 a week for my 3 bedroom, 30 year old split level home in a quiet cul-de-sac, the couple inspecting my place we comparing mine with another property in a much more prominent area that was only a few years old. The asking price of the other property was $375 per week.

I thought I had no chance of securing this ideal couple to rent my place!

I made sure I cleaned the house quite thoroughly today and ensured the yard and surrounds were also pristine. When the couple came back for the second inspection, they excitedly agreed to sign-up and rent my place for 12 months.

When I asked them why they chose my place over the newer option; they stated simply "Well, while the other place was new, it was very bland and had no character. We thought yours was much more like a home, than just a house!"

Will the old cliche might sound a little corny, it obviously rings true. Somehow my old place was able to charm it's way into the hearts of the perfect renting couple! I can now rest easy for the time being knowing that some rental returns are coming in. (Which is a good thing, as I am not working at the moment and my blogging earnings aren't setting the world on fire! hahaha)