IP in Perth is causing major problems right now and need some advice re. a way forward.
It's a 3 bed, 1 bath. very small house in southern suburb.
Our long-term tenant has vacated and has left the place pretty grotty but that's the least of my worries right now as a combination of lack of tenant care and poor performance by property manager, several maintenance issues must be addressed and some serious work is required inside and out.
Minimum spend would probably be $20k but that's just bringing it back to tenantable condition - if I want to sell the spend would be prob. closer to $35k.
I live in Melbourne and can't hope to project manage from here so have to either find someone over there who could handle everything or I have to fly over and stay to get things going.
I can afford the time but not sure which way to jump as agent suggests that there's no guarantee I'd recover this by selling soon as it's a small house compared to others in the area and Perth market now on the slide.
All suggestions or opinions gratefully received.
It's a 3 bed, 1 bath. very small house in southern suburb.
Our long-term tenant has vacated and has left the place pretty grotty but that's the least of my worries right now as a combination of lack of tenant care and poor performance by property manager, several maintenance issues must be addressed and some serious work is required inside and out.
Minimum spend would probably be $20k but that's just bringing it back to tenantable condition - if I want to sell the spend would be prob. closer to $35k.
I live in Melbourne and can't hope to project manage from here so have to either find someone over there who could handle everything or I have to fly over and stay to get things going.
I can afford the time but not sure which way to jump as agent suggests that there's no guarantee I'd recover this by selling soon as it's a small house compared to others in the area and Perth market now on the slide.
All suggestions or opinions gratefully received.