Brighter Stories - Kedron

Adam & Carolyn

Larry Craft Property Manager
Currently rented for $285 per week
Bed 2 Bath 1 Car 1

How Watt got the job done

My clients Adam & Carolyn live in Byron Bay. Adam has his own financial planning business and Carolyn works at local Catholic school, St Finbarrs. We’ve managed their investment unit in Kedron for over 3 years.

Given Adam’s profession, he’s all about the returns. I’m very conscious that I’m competing with the share market at every lease renewal.
Adam & Carolyn’s apartment is over 25 years old. Whilst it’s been reno’ed in all the right places, it’s the apartments proximity to the city that’s got his current tenants hooked.
We’ve kept the same tenants for almost three years now, with consistent rental increases at each renewal.
Gross rental yield in Kedron has fluctuated between 3.5 – 4.5% over the last 12 months. Our last 2014 and 2015 rental increases have sat at 6% and 9% respectively.
We did extra due diligence to make sure we found Adam & Carolyn great tenants with a glowing track record that had the capacity to easily afford the rent at the time (and future rental increases).
We kicked them off on a six-month lease to make sure they looked after the property like we hoped. And they did.
Over the last three years, we’ve kept a constant and open flow of communication with the tenants. We’ve increased the rent with each 12 month lease renewal and kept Adam & Carolyn’s returns cranking in an otherwise flat market.

The unit

Adam & Carolyn's investment property in Kedron.

The plan

We focus on getting maximum returns - because we know Adam & Carolyn have got more important things to focus on.

The lifestyle

They live in Byron! We do what we do, so they can do more of this.

New bathroom

We helped them throw in this low-budget upgrade using our best (and most affordable) tradie contacts.

The manager

I'm Adam & Carolyn's Property Manager, Larry. Get in touch and see what I can do for you.

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