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Really appreciate everyones feedback. This is a new agent as the previous one was doing things like not paying the council rates and then sending on the late payment fees - though they did usually find tenants within a week or two! As depreciator mentioned, we have some challenges managing...

Have a unit in Burleigh Heads that has been vacant for the last 5 weeks - located up on the hill in residential area (ie not holiday let). Have had about 6 prospective tenants through. Have dropped the rent after 2 weeks and the PM has advised that price is not the issue. I know the GC market...

I've been using Judy Raine and Carmel Must at LJ Hooker Coorporoo for the past 10 years - they are both excellent.

Thanks heaps forumites. Have had a few 'ah-huh' moments about passive vs active investing and getting into a different geographical market (our first 3 IPs are within 10ks of Bne/Adl as per WW's rule 1 and have performed acceptably well, as opposed to the last at the GC). I don't...

Thanks for your inputs. Its true Aussie that its pretty much cash negative game the whole way along but as there has been capital gain its manageable. With the prospect of flat capital growth going forward I guess its a case of cash out and wait or hang in there by covering the negative...

I have been a property investor for around ten years with a current portfolio of 4 IPs (Adelaide and Brisbane) and had reasonable success with capital growth. Doing the numbers now though if a bought say a unit for 400K at a 4.5% yield its going to cost me 10K odd a year to hold (after rates...

Hi, Can anybody recommend a good property manager on the gold cast that would cover a rental in Burleigh Heads please? Thanks!

Great thread Michael.. ...in 1993 my wife and I purchased our first house in Adelaide for 88.5K after renting for around $150 a week. The P&I repayments were less than our previous rent. At the time there were lots of articles in investment magazines saying that property was a 'dud buy' and...

Darren, There is also a way you can reduce the money coming out of your pocket each week for the shortfall between your rent and your costs - by completing a Income Tax Withholding Variation (ITWV) from the ATO (go to their website, Income Tax Withholding Variation ). Effectively you get your...

Washington Brown offer that they will save you at least twice the cost of their fee in the first year, or the report is free..so its worth a go..

We have purchased an IP in Adelaide. My partner only works part-time and we plan for her to mange the IP which is owned 95% by myself and 5% by her. She would set up asa Sole Trader (with ABN) and charge me the market rate for property management (and incur expenses) - net result will be...