Stay with the plan
Hi Devo,
Glad to hear you are going to soldier on. I think situations like you are experiencing now is what puts most people off investing in property.
Still, in ten years time, this situation will be a distant memory and more than likely, your property will have doubled in value!
I have given notice to a tenant who has kept one of our IP's in very good condition for 3 years - but always pays sporadically. They are to move out in April. I am expecting some repercussions - ie house to be left in bad shape and they will probably stop paying rent. I have another IP which we had to evict a non payer. We renovated the property and the new tenants have been a dream - pay in full each month and look after the property.
I am sure that once you sort this situation out things will improve for the better.
Regards Jason.
I guess this is that crossroad many property investors seem to face. Do you let a bump in the road put you off for good or do you take it on the chin and keep going. Im not going to be one of those people that wished they kept that house or wished they had a go when they were younger.These guys will be turfed out. The house will be cleaned/repaired. It will be re-let. I will move on. My other property will also be cleaned up returning it to its former glory.Infact i will probably add a few rooms to it.
And im 99% positive i will go ahead with my development of my first property.
So apart from some ill feelings i will not let it affect me.
Now where is that property guide
Hi Devo,
Glad to hear you are going to soldier on. I think situations like you are experiencing now is what puts most people off investing in property.
Still, in ten years time, this situation will be a distant memory and more than likely, your property will have doubled in value!
I have given notice to a tenant who has kept one of our IP's in very good condition for 3 years - but always pays sporadically. They are to move out in April. I am expecting some repercussions - ie house to be left in bad shape and they will probably stop paying rent. I have another IP which we had to evict a non payer. We renovated the property and the new tenants have been a dream - pay in full each month and look after the property.
I am sure that once you sort this situation out things will improve for the better.
Regards Jason.