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Your situation is different. You have IP's in different states so then it's wise to use a PM in those states. To self manage you need to do reference checks. I always get 2 references - work and the previous landlord. And get proof of income thru payslips. It's not for everyone and it's...

Let me tell you, I've had experience with it in the past - and so have friends I know. It's not as hard as you may think - but the key is you have to find and screen the right tenant. You have to stringently do the referral checks. That's where a good PM can help. I self managed for years...

That's a good question :o I've currently got a PM for my property and am disallusioned by their service. So I am definately considering DIY. Melbourne is currently an over supplied rental market so finding the tenant will be harder. That's where a PM can be helpful.

using your example, $28 per week = $1456 per year, $14560 over 10 years, $29120 over 20 years, etc...bet you could find a good use for that type of $$$. And that's compounding money your saving - so imagine that money compounding at conservatively 5% p.a. Crikey that adds up to a lot of $...

Yes, in an ideal world you would get what you pay for...but that's not always the case in real life! I really doubt there's all that much difference between the best and the worst property managers out there. Most owners could better manage their own IP if they just put in a bit of effort and...

Hi All, My tenant is vacating in the coming weeks. My current PM wants: 6.5% + gst commission each month 1.5 weeks rent to get a new tenant $220 to advertise my IP on all the real estate websites $100 for a board. He went away on holiday and came back last week and I've never...

Howdy all, I saw the advertising sign "$1000 cashback to let your property" in outer east Melbourne recently. My rental property is inner east so when I rang them they said they didn't service that area. *Has anyone taken advantage of this type of offer? If so, what was your experience...

Hi All, We have an apartment block of 26 in Prahran. The last 2 body corporate managers (Binks & VBCS) have provided below standard performance and high fees, so we are looking for a change. **Can anyone recommend a Body Corp Manager who provides good reliable service and smart...

Hi everyone, Can someone please recommend a person to sand and polish my floors - they are radiata pine floors. Someone who will do a good job at a good price. Thanks :)

I'll recommend who the best PM for you is: YOU. It's not as hard as it seems people. Only you can truly care for your asset. Golden Rule of business - Mind Your Own Business.

You can read about my experience here: http://somersoft.com/forums/showthread.php?t=88791 I learnt a few things the hard and expensive way from this experience: (1) Having IP's can be like throwing money down the drain. The net rental yield in Melbourne is around a lousy 2%. Pathetic...

The downside is when you have a "Shared Meter" building. That means the landlord pays all the water, including the usage. And to get it converted to separate water meters will cost a lot of money, about $20,000 in total for a 16 apartment block. So it is really worth getting it converted...

Hi All, The hot water pressure from the new water saving shower head is not strong because my IP has a gravity fed hot water service, and also the new water saving shower heads are not suitable for such a system. So the tenants are not happy. I am looking for an old non water saving...

This is what I've decided to do now - I'll manage it myself a lot better than any PM will. For most people, it's probably a time concern and wanting to keep the tenants at arms length that's why I always used a pm. But not after this bad experience. Only you can truly care about your...

I certainly learnt some big lessons from all this: (1) Having IP's can be like throwing money down the drain. The net rental yield in Melbourne is around a lousy 2%. Pathetic (2) Most tenants don't care about your IP and will damage it. (3) Most real estate agents don't care about...

ahh the 2 speed economy at work. In Melbourne, I pay about 5-6% + gst, but our rental yields here are awful net 2% with very little capital growth about 2% as well.

can I take the agent to vcat? The vcat forms I received did not state I could take the agent to vcat

Hi All, Some renters recently vacated my rental property after 4 years and upon my inspection I saw quite a lot of damage they did. For example: multiple cracks in the glass shower screen breaking and losing the light fittings not reporting broken tiles in the shower which meant water...

Hi folks, Has anybody heard or used this company before? Their web site says they specialise in PM and been doing it for 20 years, and are well priced. Any feedback would be welcome as I am looking for a good PM. Thanks in advance.

Bryan Baker Property Mgmt? Has anybody ever heard or used Bryan Baker Property Mgmt? I saw them on the internet and they sound pretty good and well priced. Who here has used them and can provide a review. Thanks again.