Recent content by familyguy

I have worked in a RE office that had three accounts, a general account, a credit card account and a trust account. The trust account was used for receiving all rent money, bonds etc and payment of rent money to owners, tradesmen and bonds to the RTT, this was audited on a regular basis by a...

Looks like a lynch mob mentality here. There may be a very plausible explanation, you should at least ask for an explanation before considering your options. Many RE offices have more than one account, it's possible that the bank made a mistake and put money into the wrong account, tenant has...

PropertyMan66 I don't get your logic, I can't see that it's double dipping, if the tenant is in the property and paying rent for the first two weeks then how can you expect to pay no management fees for those two weeks. As far as advertising goes realestate.com.au is THE web site to be on...

Rent is always paid in advance, tell your PM to grow some balls and enforce it by sending out the appropriate notices. If your tenants don't/can't comply then in all probability it will end up at the tribunal and they will be put on a payment plan. The lease we use here in SA has the rent...

Do detect that you're giving yourself a bit of a plug there Xenia, I reject the notion that a real-estate sales office is a shambles when it comes to property management, we have taken over management of properties from both types of agencies ( rental only, sales and rental ) where the...

I may be coming into this discussion a bit late and this post is not exactly on the thread topic but I'll have my say anyway. I have two IP's that I self managed for three years, and just recently accepted a position as PM for a fairly prominent agency. I used to have the same attitude as some...

Had this one crop up twice last week, according to RTT (Adelaide) if a tv point is provided it must be operational, same goes for anything that is provided for the tenant's use ie dishwasher, washing machine, microwave etc. Another tenant asked if a telephone point could be installed so he could...