Search results

It just depends on how scummy an area that you buy in, the type of stock and how diligent your property manager is.

Will you be changing property managers or just chalking this up to a one off bad tenant experience?

Same reason that many people don't bother. No deposit, poor savings history, bad credit rating, more important uses of lump sums of money (booze, ciggies and Bali holidays), possibly have rent assistance so only paying a portion of rent. The list goes on, generally people don't buy because...

Can you vendor finance it away?

They don't call it Trashmont for no reason. I wouldn't invest there, and that's coming from someone who likes slumdiving. :)

Definitely sounds like it might be worth cutting your losses. Couple weeks behind in your IP mortgage, I thought you were just booking an overseas trip just the other week?