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It is my experience that many of the members of this forum are more in tune with all 'stuff' property related than the vast majority of property investors, who mostly have only one IP. Don't get me wrong, one IP is better than no IP's, but most people seem to be complete novices where their...

I have no problem with people who self manage, so long as they know what they are doing. For instance, people like Wylie. She knows the rules, implements them when required and knows market rents. As a professional Landlord, she would also have their rents pretty close to market as well, as...

Sadly, it's not as simple as that. Good tenants can turn bad, so while everything comes up roses on past performance, there can be nothing to give warning that things are going to turn sour. I think you will find that Kathryn's tenants are in Canada, which has rules a lot different to Qld.

Hehe, reminds me of a particular piece of garbage we had to get removed. Off to the tribunal time & again for non payment & they would always put her on a payment plan "because she has children". We've been through the whole "tenant has children" nonsense previously. Nobody cares if the...

Well...for starters, I've got more than 15, spread across 4 States, and I pay less than 6% for most of my managements. Yes, absolutely, if you enjoy it and you are prepared to learn about the tenancy laws, and implement them. But not to save a bit of money.:D Plus, I know you know the...

Really? I guess it all depends if you think of your properties as a nice little hobby, or a Business. For me it's Business only! I'm not going to go around chasing tenants, filling in forms, doing inspections, trying to check the data bases, writing advertisements, interviewing new...

Hehe, yes, it appears you guys can be a lot more pro-active with this sort of stuff. Try that here & you'd be a lot of trouble.

There's a heck of a lot more to it than just managing bank transfers.

It's the 'doing it himself' part that got him in a mess in the first place, and there are some really awesome property managers around, who DO care. Personally I'd much rather farm the managing of my properties to a PM, than to take care of it myself. Way too much hassle, and I've got better...

How much notice did you give them. I'm not sure how long it is in Vic, but I'd assume you need to give in the vicinity of 90 days. They are still under lease conditions if they didn't renew the lease, except now it is a periodic tenancy. You can't just give them 14 days. It doesn't work...

Zed_kid is in Melbourne. Not sure if his IP is though. The OP is in NSW.

Like Terry said, you can get an order of eviction & the sheriff will go with a locksmith & change the locks on them, but you've got to follow the process with all the relevant notices first.