Recent content by ouchiemama

Hi all, thank you all for your responses which I have taken on board. I just thought I'd update you on the latest development .... I sent the tenant a polite email last night telling them that whilst we'd rather they kept to the lease, in good faith we were prepared to let them out of it...

Hi all One of my fantastic tenants wants to end their fixed term tenancy (in WA) early. The lease expires at the end of August but they've found another property they'd like to rent coming up at the end of May. They approached me last night to ask if I'd consider letting them out early so they...

Congratulations on taking the step to self-manage your property. You can lodge the bond with the Residential Tenancies Bond Authority in Victoria: http://tinyurl.com/y5z7bqb This page contains links to bond information which might be relevant to you. Many banks will allow bonds to be...

Wow, as a self-managed investor, I'm reading your stories with interest and waiting to hear how it all turns out. My tenants have been great over the past five years so I have no horror stories to relate but as for PMs ... well, that's why I manage my own! Good luck with it all ...

I'd do one even with only one year to go ... mine only cost a few hundred dollars so worth the investment for the return! The cost is a tax deduction anyway, so what have you got to lose?

I manage my own properties after disasters with PMs in the past. I have long term tenants and find it the most economical way to do it ... plus with a vested interest, I'm more diligent than any of my past PMs could hope to be! As for the financial side, I have a spreadsheet in Excel which I...

Yep, I'm with everyone else on this one ... tell them to get a can of Harden Up! I have built four new houses. I think the warranty you're referring to is a structural warranty. That covers major problems with the structure of the house, ie. major roof, wall or floor problems. The...

I self-manage my two investment properties and I haven't had any problems getting insurance. Mine is done through RACWA but I know SGIO do it ... and you don't need to be a licensed agent. Check that it covers you for storm damage as well as tenant defaults. We had huge storms in WA this week...

Hi BeeP, sounds like you've got some help already. I'd take lura up on the offer. I'm a self-managed landlord. I check my tenants thoroughly. I ask for previous addresses and I contact the previous landlords. I also ask for personal referees and I contact them. I check they have a job and I...