k.j.m replied to the topic out of pocket 32 weeks rent ! in the forum Help Needed! 19 years, 5 months ago
Hi
similar story for me.
I hadn’t been checking my rental statements. No rent for 14 weeks. Rang property manager who said oops, I’ll send an eviction notice. Took another 2 months to evict the tenant through the courts.
Luckily I did have landlords insurance and recouped most of the rental loss (21 wks worth)
The moral of the story for me as…[Read more]k.j.m replied to the topic New 11 Sec Solution in the forum Help Needed! 19 years, 5 months ago
Hi easymoney
In short, I think the new 11 sec solution is a formula that can be used when you know the current rental yield percentage for your property. It works out what your property might sell for.
I attended the recent Perth Masterclass and this is my rough understanding.k.j.m