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Hmmm thanks Marc, yes we were planning on getting a proper lease etc. if we take over the property management.
Do you think REIV would be able to clarify the matter of approaching the tennants while the R/E agents are property managers?
Janelle
Wow everyone thanks for your advice. I will certainly check about the sale authority, all I am aware that we signed was a document to agree to manage the property.
I think we will take over mangement of the property anyway for now and then feel safer in approaching them. Although we are in different states we still have family not that far away from the property, and as it is a relatively new house there is not a lot of maintenance required. Also it is painful to get the money through regularly with the RE because if the tennants pay on the wrong day of the week or even half a day late the RE don't give us the money until the following week, and are charging us around $40/fortnight for this wonderful service.
Cheers
Janelle
