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We have an idea about how much each of our properties cost - and do a reconciliation at the end of the year.

Totally. This particular PM didn't seem to care one bit...the attitude was 'it is what it is - can't do much'.

Thanks all. We feel too busy - may be need to manage time better; but generally long hours with work, and weekend work. But makes me wonder - is the agent really only for collecting rent? I don't think it would be worthwhile for them collecting rent, and reducing their commission; and us...

Hi Scott Thanks for your input. I agree - the PM needs to manage the cash flow and know well in advance. Going to speak to the principal to get this sorted and will be clear that they need to manage this end to end, without us having to deal with small payments. We would rather spend our...

Hi all Upon reviewing annual rental statements for the last financial year, I learnt that our PM made a number of strata payments post the due date for one of our IPs - despite this having been communicated that strata levies fines for these. These late payments were made by our PM, who has...