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Another quick question: In Victoria, they suggest you get insurance as soon as you sign contracts (don't wait for settlement). Does that mean: Building AND landlord insurance? Building insurance only? Thanks!

Will do. Think I'll get managed. Can't be bothered with all the complications that could arise.

I know it sounds stupid but it's similar to how agents tell you to leave a note to the tenant on the bench welcoming them and asking that they treat the place well. They said it almost always results in better care from the tenants. And I guess that have a lot of experience that. But thanks...

OK cool. Good to know. I guess it's just coz the rent had already been lowered to exclude agent fees, so paying fees on 360/week might suck (but could be worth it if it's only from jan-april till the lease expires). I'll do some calculations and see what the difference is.

I am about to sign contracts on a property that currently has a tenant until April 2015 on a self managed lease. Can you please give me tips to make this go smoothly? So far I need to consider: - currently renting for 360/week but should be about 380 with agent fees - making sure bond gets...