Please give me your thoughts and don’t ask me where your PM is.
Get rid of tenant AND PM.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Please give me your thoughts and don’t ask me where your PM is.
It becomes clear that I am in the mercy of tenants.
I provided an immaculate property to the tenants less than 8 weeks ago now they are not just living there rent free also seek compensation from me.
I would have said "have" not "of" as in I would have said "at" not "in"...but we get the drift.I would of said "at" not "in"...but we get the drift.
Funny you mentioned chocolates. I did buy tenant lives in other property chocolates in some occasions such as Xmas I also treated (past tense!) the tenant as a friend – big mistake!!
clean up house
sell it
resi houses are for living in, not speculating on. yes you can get wealthy with resi IP but barrellignin on high leverage with bad tenants in this environment is not good
this sounds terrible ........ but you can do what the vendor did to you ..... repaint the house and sell it to someone else
Don't listen to this crap either. If it's a good property in a good location you have already paid your acquisition costs ( legals, stamp duty etc) so hold on if you can. Sort it out. Particularly in Sydney which is overdue for a price hike.
LL
Mips, we're ALL L plate investors, all of us.Thanks LL . I am an L plate investor
Mips, if your PM is NOT giving you help & guidance, as you say, it's time to find another PM. YOU ARE PAYING HIS COMMISSION. HE IS MEANT TO BE WORKING FOR YOU. Read your contract with your current PM and it will set out the conditions of termination. It should just be a "notice in writing" matter. Find a new PM WHO YOU TRUST and follow his guidance. He will be able to guide you.With no help from the PM ,who I still have valid contract with, when will be the right time to serve the tenants eviction notice on the grounds that rent in arrears?
... the last month of heavy rain that we've had has been responsible for lots of mould problems in Sydney homes, especially those on the coastal side (Northern beaches, east etc) so don't feel as though it's an unsolvable problem. I was talking to a McGrath agent yesterday who told me the mould situation has been dire, especially in darker older units so your problem isn't unique right now.
This can happen. Watch for it. The solution if you are caught with a long notice clause, when you have to act quickly, is for the new PM to "pay out" the notice period. So he pays "upfront" the commission for the 3 months to the sacked PM....and takes over NOW. Of course, the new PM will then want a 3 month clause as "insurance". It doesn't solve the problem completely, but it helps you move quickly, which Mips may need to do.I was given a contract once with a 3 MONTHS notice, which I obviously crossed out and replaced with 14 days instead. PM did not object.
As this PM is CLEARLY in the wrong, could the landlord not terminate immediately, citing that the PM has failed in their obligations under the signed agreement?