Renting

Agree with Derek's post, the best way to find out is ask your friends how they did it. If they have an agent, contact the agent to find out  whether they have a connection with a mining company. Be sure to ask if they can prove this though with a contact's name, don't just take their word for it!

I may sound biased as I am a property manager myself, but having a real estate agent managing your investment is a must.

At a Residential Tenancies Tribunal hearing we assisted a landlord who had a self managed property that had become a mess, the member hearing the case said  "Not having an agent manage your property is like driving a car without a license. You don't know the laws well enough and you won't realise it until someone gets hurt."

Hey Bacon,

We have a PM arm to our business and I can give you some info on the corporate leases:
– They tend to like fully furnished properties that are kept to a good standard. That means linen replaced frequently, repairs be tended to fast, furniture is of a good standard etc.
– The apartments are better centrally located, but anything in the Golden Triangle should be alright. However, it is better if it is a new complex.
– A lot of these companies go through relocation agents, so it is important to find an agent which has a good network of  relocators.
– Wear and tear could be more on the property, as there are people moving in and out of it on a more frequent basis.

However you have to ask yourself, what is the advantage of this? Also, be sure to check the lease or agreement to know your rights and their rights. I have heard of contracts with fixed lease reviews that aren't market adjusted. This could be alright now, but what about next year if the market is as buoyant as it is now.