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Everything comes with risk. High risk high return. You just have to weight whether the return of your action (legally or illegally) is worth of it or not. When I was doing it 10 years ago, the different between renting whole house and student accommodation is $15k. I was running 2 houses...

They tried, but can't get rid of it. Take a look at sunnybank, sunnybank hills, Robertson, Macgregor etc...areas. Student accommodation rentals are every where. They did reduced it tot. How do you know they are horrible to live near? Have you live next to one? Where is your source coming...

No smoke alarm at all in the hostel and the fire is deliberated. If rohan's place is properly setup for fire evacuation, the risk will be greatly reduced.

Oh man. They are every where, as long as you don't show it out. If I am not managing the place, I don't really care. Since I am managing the place, I have to be picky on tenants. Did had 3 Indian tenants, I think they are the western type. No body or cooking odour. Pretty good and clean tenants...

The place is fully done up with all safety alarm and fire blanket and extinguisher in the kitchen. We did had one hiccup, a tenant was cooking and received a call from friend and left without turning the stove off. The pot was badly burned and smoke everywhere, we got scared and gave tenant 2...

Illegal - 100% agreed, that is why I stopped 5 years ago. When just starting out, $15k profit per house is very tempting. So did it for 6 years and decided it is enough. Appalling - not sure about that. 4 bedrooms per toilet, bathroom, kitchen with 6 seats dining table and 6 x 3m living room...

4 standard rooms, 1 dining and double garage = 7 rooms. Most of the time they are either inside their room in front of laptop or outside. Less common area means less cleaning and more room to rent out. I've converted the dining room back, but left the double garage as is. Currently rented to a...

Depending on your target price range and what is comfortable for you. Not sure about now, but 5 years ago the market is flooded with international students and we hardly had issue with new tenant during summer. We did think about installing aircond, but we couldn't justify the upfront cost...

Individual bar fridge cost so much to run and supply. What we did is provide a big fridge, the cheap 430L Westinghouse (4 rooms per fridge). Divide into 4 sections and assigned 1 section per room. If they are moving out, they will have to clean their allocated space (fridge, pantry, room). In...

Been there done that. Did it for 6 years, that was before council tighten the law. Managed 15 students (2 houses). Would I do it again, properly now. Very good money. Profit around 30k between 2 houses before tax. Very easy to run. What is annoying is finding the new tenant once their...