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Thanks Chilliblue. I agree with you that higher returns usually means higher risks. What I wanted to highlight from my previous post was that we did go into this with open eyes, understanding the tradeoffs. our rougher IPs have been serving their purpose well, which are to enable us to...

Salvatore 1 & Zimby - many thanks for the kind wishes. I do home this can be resolved soon. Zimby - yes, it is a higher risk areas. We have few other properties located in housing estates in other Country NSW areas (ie. Taree, Albury, Tamworth, Armidale), so went in with eyes wide open, but...

Update Hi All, Just thought I'd provide an update on what's happening since my last post a couple of days ago. I had a good phone chat with the Dept of Fair Trading officer, who suggested that I filled in a written complaint against the REA online. I did this and an officer called afterwards...

Salvatore1, womble66 and dabler - many thanks for the information and suggestions. I'm currently looking for a replacement PM and will be contacting Dept of Fair Trading re. current PM. womble66 - very good suggestion re. paying premium. Hopefully I could find a replacement PM soon. Part...

Thanks All for your reply! Macca - I did told the old agent that we're moving for personal reasons rather than because they did something wrong. It'd be good if we could go back to them, but unfortunately they told me that they're winding out of housing area at the moment so couldn't take us...

Thanks Truly Exotic! That's what I feel like doing too. But I'm not sure if other PM would take on the management now while it's still occupied by a non-paying tenant and may need substantial reno before earning them any management fee. I'd also probably need the files and ledger to make an...

Background We have a property in a rougher housing area in Orange NSW. Have had the same tenants since we purchased the place in 2010. Tenants was always a bit patchy with payment since the start but never owed more than 3-4 weeks of rent while property was managed by a local agent. Around...