Have an IP. Has not been managed well. In the last 12mths I have taken an active approach to managing the PM to manage the IP.
Today I was given a heads up that he is looking for another property. This has come about after he was finally served and official breech of tenancy.I think he is expecting this to lead to him being asked to leave so he is getting in first.
The breech was for the lack of maintainence and rubbish in the yard and surrounding the house. We asked for it to be cleaned as we need to repair fences and the rusting roof and tradies need access to quote. We would like to hire a gardener but there is too much rubbish (accumulated over years and not addressed by the pm).This has partially been done.
1.
The issue is that I expect the clean up bill when he vacates to be substanially more than the bond he paid several years ago. I don't trust my PM to be able to make a claim for the bond and additional compensation if the need arises. Should I change PMs immediately?
2.
Obviously we want rent coming in. Would it be wise to offer the tenant a 6mth lease (current periodical)? This would give him the security that we are not evicting him (yet). And for us we can get quotes and devise a time frame / plan for the repairs.
We were planning to get the exterior of the property in order with the tenant there and when that was complete evict tenant, clean up the interior and hire new PM.
Any constructive advice from those that have been there?
Today I was given a heads up that he is looking for another property. This has come about after he was finally served and official breech of tenancy.I think he is expecting this to lead to him being asked to leave so he is getting in first.
The breech was for the lack of maintainence and rubbish in the yard and surrounding the house. We asked for it to be cleaned as we need to repair fences and the rusting roof and tradies need access to quote. We would like to hire a gardener but there is too much rubbish (accumulated over years and not addressed by the pm).This has partially been done.
1.
The issue is that I expect the clean up bill when he vacates to be substanially more than the bond he paid several years ago. I don't trust my PM to be able to make a claim for the bond and additional compensation if the need arises. Should I change PMs immediately?
2.
Obviously we want rent coming in. Would it be wise to offer the tenant a 6mth lease (current periodical)? This would give him the security that we are not evicting him (yet). And for us we can get quotes and devise a time frame / plan for the repairs.
We were planning to get the exterior of the property in order with the tenant there and when that was complete evict tenant, clean up the interior and hire new PM.
Any constructive advice from those that have been there?