Forum Replies Created
Be careful and ask the agent you intend to ‘break’ the lease with what they will record on TICA or any other authority.
If you have paid bond and 2 weeks rent up front on new property, any good agent can relet within that time, give you back bond/rent money balance and NOT record anything.
Just keep talking with agent.
BrianWhile I would suggest speaking with an accountant/planner etc, I actually did all my stuff off the internet. Complete from start up to through to registration etc. They just sent a folder with all done etc.
Unfortunately, I have lost the bookmark and have no idea of who I used (all my folders etc are with acct). Its just a company that specialises in doing this and is much cheaper than going through your lawyer or acct to do exactly the same as most of them use this company’s services.
Just keep on Googling and you will find it.
BrianHad an IP in Cannon Hill Qld that actually backed on to railway line. It was a brand new replica Qlder. Got absolute max rental and couldn’t (well actually they did very reluctantly) get tenants to move cos they just loved the trains. Value was not affected and Govt actually built one of those huge sound barriers so cannot now see trains or train line.
I have lived right in front of a train line, and although noise does fade into background with time, you do need to be in right area or have the right property to keep pace with the rest of the suburb. Exercise caution.
BrianI would try to do it yourself. You can always get a PM later.
When I lived in the ACT I managed 5 properties in Brisbane. I even managed them when I lived in Kunnunurra. If you can learn from a website (like the RTA (Not the RTA in NSW) for Qld) give it a go. We used to fly up from ACT and conduct open houses for rent. You get to meet prospective tenants and can use your ‘gut feeling’ to guide you. We did credit checks on people and devised our own Application form based on a combination of forms from various RE Agents and the RTA itself. All rent and payments had to be made by Internet Banking or direct deposit. Receipts always issued etc. Learn the applicable law, speak to some RE agents and Property Managers and give it a go. Besides being financially rewarding, it can be a personal development and educational experience. One other thing when a changeover was imminent, we got a PM to obtain a tenant (cos we couldn’t physically manage to do it) and then we took over. Don’t think they will do this these days, but not 100% sure. If distance is not a problem, you are well served to attempt it yourself. I then graduated to become a fully Licenced Real Estate Agent in Qld cos I was so interested in buying and selling, holding and renting etc. It was a great experience with very little trouble over a number of years. I felt that the personal touch, although on a very businesslike basis was a winner.
By the way, get a Property Management Sytem for record keeping purposes. Makes life real easy, which is our aim when doing business. A few dollars spent here will return rewards over and over again.
Brian
