Woodards trial rental cash flow guarantee
One Melbourne property manager, Woodards, will undertake to pay the rent due to property owners by tenants on time, even if the tenant has not made the payment. Woodards will charge a small fee. Woodards's will offer it's cash flow guarantee on a trial basis to landlords that are clients of three of the agency’s offices in the eastern suburbs of Melbourne, which manage more than 5000 rental properties. Landlords can buy the product by paying an extra management fee on a sliding scale, beginning at $180 a year for a median rental of $250 to $300 a week.