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Incompetence can be grounds to waive exit fees, though you may have to fight for it. I've only ever had one incompetent PM out of five I've had experience with, vs two tenant evictions from about 30 sets of tenants. Getting rid of the PM was more trouble than getting rid of tenants. But it was...

The possibility of bad tenants has been mentioned. Something in particular to be aware of in this regard. A tenant who has been blacklisted on the TICA database cannot get a rental through a PM so can only rent privately. That means you have a higher chance of having dodgy tenants applying for...

I would agree with this. Slam, by the questions you've asked, you need a lot more knowledge before DIY. Get somebody to manage it for 12 months so that you get some idea of what has to be done, and what some of the procedures are. You are asking too many elementary questions imho. Take that...

While I donh't want to hijack the thread, I think some of my experience in that property has been relevant. My property is very much different from the rest of the street. It's a battleaxe dual occ, with aluminim clad cottages. I think every other building in the suburb is brick. And there's...

I've self managed one property, and had two PMs. (PM1, self, PM2). PM1 was a waste of time which is why I took it over. After a few years I found myself with too little time, I could not respond to tenant demands quickly enough. They used to get upset about things like not having a working...