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EP. 1420 Messy? No - It’s called Lived-In~Chic’ MR LANDLORD
Manage episode 482824630 series 3445143
Content provided by Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Cleo Whithear, Bidhan Shrestha, Josh Wapshott and guests, Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Cleo Whithear, Bidhan Shrestha, and Josh Wapshott. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Cleo Whithear, Bidhan Shrestha, Josh Wapshott and guests, Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Cleo Whithear, Bidhan Shrestha, and Josh Wapshott or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Ever walked into a property you own after years of tenancy and felt shocked by its condition? That jarring moment when expectation meets reality is at the heart of today's discussion with property management expert Cleo Whithear.
Navigating the delicate dance between landlord expectations and tenant realities requires finesse, fairness, and above all—reasonableness. As Cleo explains, property managers become mediators in these situations, helping landlords understand the difference between legitimate damage and normal wear and tear. After eight, ten, or even fifteen years of occupancy, properties naturally show signs of being lived in, and distinguishing between what's acceptable and what warrants compensation becomes crucial.
The conversation delves into specific examples that frequently become points of contention: stained carpets in properties occupied for a decade, broken blind cords after years of daily use, and minor wall damage during move-out. These situations highlight the importance of understanding depreciation and reasonable expectations. As Cleo aptly points out, tribunals won't award compensation for items that have reached the end of their useful life, regardless of their condition. Sometimes, the most powerful perspective comes from examining the financial relationship: "You've collected $427,752.52 in rent over ten years—within that, you've got to allow some expenditure."
For property owners and tenants alike, this episode offers valuable insights into managing expectations, understanding rights and responsibilities, and achieving fair outcomes during the tenancy conclusion process. The key takeaway? Properties are meant to be lived in, and with the right property manager facilitating reasonable discussions, end-of-lease transitions can proceed smoothly for everyone involved. Have you experienced challenging property handovers? We'd love to hear your stories and how you navigated these sometimes tricky waters.
Chapters
1. Introduction and Venus de Milo discussion (00:00:00)
2. Landlord expectations vs. property reality (00:02:36)
3. Negotiating wear and tear with owners (00:05:45)
4. Financial perspective: The tenant's contribution (00:08:15)
5. Proactive management and bond claims (00:10:40)
6. Conclusion: Being reasonable with property (00:12:08)
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