Recent content by lee.omare.com.a

I suggest you explain the situation to the agency licensee and ask if you can terminate without consequence. They might say no problem as a gesture of goodwill. In NSW another strategy is to threaten Tribunal if the agency has managed your property poorly which will spook any agent. Cheers

Do you know the tenants current contact details, current address and bank account number? If you have those in NSW the Sheriff can collect on your behalf. The cost is over $300 though. Cheers

Always post and keep a copy for you records. The email could go to junk and the tenant might not see it. If a legal dispute arises the tenant would likely win. Cheers

It can be very difficult to make a living with all the associated costs to acquire and sell property (agency fees, legal costs etc) and if the market suddenly goes soft you can be in serious trouble if you can't sell the property for a profit. This is especially true if you use another...

In NSW the agent would likely be liable for a breach of the property stock and business agents act for not exercising reasonable skill as an agent. Not sure about Perth's laws though. Cheers

$200's steep for a call out but he's likely legally entitled to it. Get Telstra to go out and fix it. The cost maybe around $150. Cheers

Generally it's not economically feasible taking that approach. It's better wait for the agent to find a new tenant and then terminate.

Not for a rental property. The additional costs(installation and maintenance) don't out weight the benefits. Cheers

Ask your PM if they terminated with a section 89(5). The law isn't particularly favorable to you in this situation. It's best that you get the tenants out of the premise as soon as possible and find new and more financially reliable ones. Cheers

Have you got experience with renovation? Also if you're planning to flip the property do you have an idea of what the market in the area is looking for? I don't want to p#ss on your bonfire but it's important you know what you're in for before making such a significant decision. I've seen...

Are you renovating with the intention of profiting from the increased value or to enjoy while occupying the premise? Cheers

Absolutely. It's much easier to find a new tenant with good marketing. Also the photos are yours FOREVER meaning you only need to get them done once. Cheers

Also I generally recommend people get contents insurance for investment properties, especially for strata units. A burst pipe leaking water leak will is a financial and emotional nightmare for any landlord. Cheers

$12K in damage! I've never experienced anything like that during my years as a PM. You didn't move to vacate the tenants when you saw the place was trashed on the inspection? In NSW you have the legal right to terminate if you're seriously concerned that serious damaged will occur to the...

If you're not used to keeping ledgers and account definitely use an agent. If your tenant stops paying rent and you don't have the means to prove it at the Tribunal (tenant ledger) it can be a nightmare to legally remove them. Cheers