The Y-man said:aT l3asT kARmA d1d tHE 1sT l3TT3R oF 3aCH wOrd....
Y-man,
D1dn'7 kn0w y0u kn3w |337! *
Peter
(*) http://en.wikipedia.org/wiki/Leet & http://home.no.net/hellshl/main/translate.html
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The Y-man said:aT l3asT kARmA d1d tHE 1sT l3TT3R oF 3aCH wOrd....
warrioress said:There's Pros and Cons to both sides...
I have had my IP for approx. 12 months - managed myself - and in that time there have been 2 'issues'.
1. Tenant walking around naked in the front yard (the IP is a back unit), but neighbours saw
2. Tenant flooded the bath-tub, and had to organise a clean up.
Obviously everyone I know has had a chuckle about the first issue, but can you imagine how embarrassing it was to bring up that issue with the tenant...and the headache with having to deal with the cleanup of the 'flood'.
And that's issues I've only had with one tenant for one IP in one year!....imagine if I had 10 like other forumites...or even more....
What I'm getting at it's the 'opportunity cost' of using a PM or doing it yourself. You can save some money, but have to use time to deal with things / or on the other hand, have a PM deal with it, and just pay them for their services.
TIME vs. MONEY
My observation is the owners of the agencies are competent and hard working.redwing said:Lucky is the word..
You have to Manage The Managers (PM's) as its all great until things go pear shaped then they all duck for cover..
We've been lucky as well (though not sure if it's due to good tenants or PM's) maybe a lot comes down to "good tenant selection"?
Redwing
PS-
Does anyone have a basic bullet point step-by-step process to renting out an IP including tips?
Maybe Duncan has some suggestions here (from memory he self managesall IP's?)
crest133 said:The key to managing properties for anyone but especially beginners is DD - careful tenant selection.
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redwing said:I'm having a look at this company at the moment for rent payments for a tenant
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