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If the tenant rental history (prompt payments) is pretty good, wouldn't there be little risk in taking management over without going through a PM and ask the tenant to direct deposit to your account?

Domain is probably more useless than the paper... Wonder if there is any agents who would charge 1 week leasing fee and allow you to self manage. Have you erected a 'For Lease' sign? That's probably the next most effective way if you can't access realestate.com.au

Have you tried http://www.landlordschoice.com.au ?

You need to advertise on realestate.com.au, and also gumtree.com.au as most renters look online now. The west is close to useless. I think over 75% of people will use online websites when searching for rental property. There's a website that allows landlords to advertise on realestate.com.au...

According to some property reports online and in the West papers, some property 'experts' are predicting growth in Midland. There's some houses with 600sqm+ blocks going for 290-330k which would rent for $350. After driving around midland and then going up around clarkson and kinross, the...

I actually included the letting and advertising fee in that 15%, which would only be applicable when finding new tenants. Renewals to already tenanted properties would probably be closer to 10%. Even when agencies advertise for 7% pa... in Perth, that doesn't include inspections, reports...

PM's in Perth usually charge too much and do too little. I can't understand how WA landlords are paying 15% PA just for someone to bill your tenants and do two 15 minute inspections a year. It's about double the price compared to the eastern states. I would just get someone to lease out the...

The station would prob be another 2 years away at the earliest. I was actually looking into those areas at one stage as well. There are good 4x2 properties in Clarkson which are now under 380k (exc stamp duty) that can rent for 440+pw. What I am worried about is that vacancy rates tend to be...

Good point JWR, I'm just clueless about buying interstate to avoid the lucrative land tax calculations on multiple properties. As much as I'd like to give it a try, I can't get my head around flying to other states for the sole purpose of house hunting. I'm probably still too new in the property...

Yeh I know. PM fees are ridiculous here. Mostly around 13-15% when you add all the fees. After getting 3 quotes for my first IP. I decided to do it myself. The temptation of buying elsewhere is there... But I prefer to see where my money is spent. :)

Where would you suggest for the real good deals? I seem to believe capital cities are safer in this economy. Regional areas tend to be quite volatile. I would definitely have a preference for Perth suburbs as I prefer to self manage. I own my own business and have plenty of trade contacts who...

Hi all. I've recently purchased a cash flow negative property in Bedford, WA (my first IP). I will be paying 520k after stamp duty and renovations with weekly rental around $450 (self managed). From reading some topics here, I agree that it'd be a good risk management strategy to have a...

Thanks draeger2k. Are they planning to start by 2031 or complete by 2031? That's almost 20 years away... I didn't even realise councils plan that far ahead... or do you mean 2013? Cost of building a unit is approx 190k + 9 to 10 months without income, and double that if you have to demolish...

Never thought of that. Great advice buddy. I guess replacing doors and bench top could work... But wouldn't I then need customised doors and drawers to fit existing cabinets? I thought it might be cheaper to get Ikea Kits. I'm probably wrong though. Just thought that it may be easier to rebuild...

Rent at 1600 per Month = 17200 per Year. Repayments on a 550k property - 3600 per month approx = 43200 per Year. Amount in arrears (paid by buyer of property) would be approx 2000 per month? No?

I think you're right after checking the listings. Most are R20/25, so 700sqm would be min. Morley would be good as long as its near the Dianella/Bedford side. I see no potential in the section of Morley close to Beechboro (which actually used to be Beechboro). And unfortunately, most of the...

Where did you get 140 a month from?

There's a few 650sqm+ sized blocks in the 500k-550k range. Based on R30, it would mean it would be subdividable. Vendors are accepting lower offers, as far as 10% below asking price. So I think it's quite possible. I estimated that you'd have to put in an extra 2000 every month on top of...

Thx younguns. I'll try to ask the agent to allow access to the property so I can take a few photos. I just can't imagine where people would use 40+ year old appliances and cabinetry. It would definitely surprise me if I actually get some money in return for it. Thx again. My offer is still...

I am looking for a good capital growth area around 450-500k within 8km (10 min drive) of the Perth city. Bedford look like good IP suburbs for capital growth, but low rental return. Bedford is next door to inglewood, Mount Lawley, Maylands (with mostly 1m + properties, exc. units and...