Hi Kum Yin Lau,

I am a little confused as you say my position is a little "wobbly". You mention you have an IP that is worth around the same as mine and maintaining the same rent as mine but your loan is a lot higher than mine ($174k of yours to $115k of mine). As my IP stands now it is positively geared and has theoretically $92k that I could access (as LA Aussie suggests). Sorry, but I'm a little confused how this is wobbly???

Cheers,

Bob

So, mortgage advisor, you say the lost rent between the eviction and finding new tenants is unrecoverable. So is this just one of those situations that the landlord just loses out? I have insurance to cover that sort of thing (can’t remember if there’s an excess or anything) but would it be worth doing for two weeks rent?

I am in the process of replying to my property manager with advice this forum has provided so I’d like to say a big thank you for all the help

Thank you for that information. I was told something like that and so am looking for information supporting your information so I can send to him along with a recipt for monies owed.

Thanks Simon,

Yes helps a lot, clears a few questions up for me!!