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  • Profile photo of k.j.mk.j.m
    Member
    @k.j.m
    Join Date: 2005
    Post Count: 2
    June 20, 2005 - 8:31 am

    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 Steve said in a recent masterclass, manage your managers.
    So I changed property management.
    I now check all my statements
    And most of all I see this an exellent learning curve.
    You could maybe file a complaint with REBA on the grounds of breech of duty of care. REBA may conduct an investigation into your situation by liasing with your management company if the dispute is unable to be resolved between yourself and the company.

    Profile photo of k.j.mk.j.m
    Member
    @k.j.m
    Join Date: 2005
    Post Count: 2
    June 20, 2005 - 8:03 am

    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

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