Search results

There is only one possible option. If the agent took on these liabilities they wouldn't have a business anymore - there's not enough money in it for them anymore with that level of risk. They would just fold. I can't imagine the intention is to push agents out of the picture, so that leaves...

Not directly penalising the owner perhaps. But read your agency agreement. Any liability of the agent acting on behalf of the owner will be at the owner's risk, unless specifically exempted. PMs make tiny amounts on individual IPs after their own costs are included. It's a margin...

OK that's enough. :mad: There is only one reasonable course of action for owners. Rents aren't going to rise "to compensate for the increased risk" because tenants just don't have the capacity to pay. Chalk up another property investor who is never buying another residential investment...