Property manager’s tip to landlords causes controversy
Property manager’s tip to landlords causes controversy
#property #landlord #money
A real estate agency has caused controversy after it released a tip for landlords telling them to “always put your rent up” as a favour to tenants so they don’t get priced out of the market.
In the since-deleted video, a property manager for Barry Plant Korumburra was asked for a “market tip for the day”.
“My tip is for landlords this time – always put your rent up, even if it’s just slightly, $5 is enough,” the property manager replied.
“Nothing crazy, just because if you don’t put your rent up, you price your tenants out of the market, should something happen.
“If you sell, or something else happens, and you need to take the property back, your tenants won’t be able to afford the kind of living that they’re used to.”
The video was later shared by housing activist and former Senate candidate Jordan van den Lamb, known by the social media handle Purple Pingers. It garnered more than 120,000 views while Aussies criticised the property manager’s advice as “crazy” and “unbelievable”.
Mr van den Lamb said he initially thought the footage was fake.
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