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Please add to this one that also keeps the house in great condition and does basic maintenance themselves. (I have 2 of them. They are wonderful.) And when they do talk to me it's because I'm being too generouse and they think they can squeeze some more out. :D Add to this that when...

You don't need to wait for the PM to suggest a rent increase. Pick up the phone first thing tomorrow morning, call the PM and tell him/her that you want the rent to increase $xxpw. You really need to be proactive about this, because even with good PMs it can get overlooked. I have a...

:eek: Was that a compliment? :cool: I certainly do not fear my tenants walking. I have no problem whatsoever in upping the rent to the max I can get. I bought the damn properties to take care of me in my later years, and that is exactly what they will be doing. The only ones I am a...

Yes, this is true. I am very insistant on my Sydney IP's being market rent, however I do have some regionals that are under a bit, and it is because there just isn't the same demand in these areas for the IPs, that I am more lenient.

I was just speaking to one of my PM's and I mentioned that I had seen a lot of properties lately with very low rental yeilds. I know they are not slack, because mine are moving in line with the market, but she mentioned that they have a few properties that are owned by pensioners who don't want...

Well that's the thing. The investors with the rents so far behind market value tend to only have one IP. They often don't want to put the rent up because they have a good tenant, helped by a lazy PM who has no additional workload if the rent cruises along for years. They think having an IP is...

Ignorant investors or crap Agents? A bit of both, I think. I have looked at a few places lately. A couple of the Agents have told me the sob stories of their long term tenants and how good they are. One even told me that you don't want to increase the rent ($50pw under) because the tenant...