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I just wanted to add, if you’re worried about the tenants from hell, take your time choosing your tenants then look after them. Hooker has an A1 rating card for good tenants and other agents may have the same type of system.
I knocked back a couple of offers from tenatns and finally accepted a pensioner couple. In a recent inspection I saw a neat as a pin, perfectly maintained house. I was stoked. In return, I’m putting a security screen on one the windows they requested, asap. They won’t want to move in a hurry and I don’t want them to.
So you see, it’s not all bad.
Regards
JillPS My next door neighbout moved out and put in tenants. He let the agent choose his tenant and let’s just say between homemade bombs in wheely bins, spray painted curtains and visits from the police, he wasn’t happy with the choice. It’s your investment, either be involved yourself or pay someone you trust to do it for you.
Thanks for all the advice. The Body Corporate on these units is $8000 per year (for all three) and I earn $20k and my husband $55k per year.
As to who actually provides the meals – I’m assuming they pay an in house cook. I will have to do the homework on the specific things you’ve all mentioned.
I’m a little skittish though. I feel I have much more say and control in the one negatively geared property I have now. Still everything is worth a look, right?
I forgot to say that the $8000 includes management fees.
Jill
Hey Ian
My husband and I use a guy from a company called Intertax at Springwood. He’s really awesome and is the only accountant I know who actually dapples in property himself so he understands our needs. Just look up Intertax.
Regards
Jill
