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Given the property is in a rather rough but livable condition. How does one prove any incremental damage a tenant does from now going forward? Will the new PM take a static 'snapshot' of the condition the property is in? Cheers

You're right. I'm better off not asking them to sign a 12 month contract and leave it as a month to month. If they've been there for multiple years and have stayed - why bother them. My time frame for this house is around 3-4 years before I make a development decision. My question is - At...

Good responses. This is actually a development block so I would have liked to get the income secure from day one and keep any additional cash outflow minimal. If I hadn't asked about the 12 month contract hey would have definitely kept quiet about the long list. I wonder how long they have...

G'day fellas. This is actually all pretty interesting. To put it into perspective, The family of five (3 primary school aged kids) haved lived there for almost 4-5 years. It is a 2 bedroom house and I believe only one is working. As mentioned earlier, they came up with the list because I asked...

He offered 5.5% inc gst. From my experience that's around the lower end but not sure compared to the area for melbourne northern suburbs. Cheers

Appreciate the input from all of you. Agent called back saying the owner will not fix it between now and settlement. I originally asked the tenants to sign a 12 month lease. They came back with we're planning to move out because it's old and run down etc. Agent asked - what would it take...

Hi guys, I have just recently purchased a house with an existing tenant. The settlement is in early June so I don't own it yet. The agent that sold the property has taken over the property management and called me to say, the tenant wants me to fix various issues including water leaking in...