My best tip would be don’t be afraid to manage your properties yourself. There is really not that much too it and when you consider that half the time the real estate agencies put naive young girls in charge of the rent roll it is not hard to figure out why you are getting problems with vacancies and rent collections. I have managed my own properties for the past two years and I have not had a bad debt or a clear out or any other problem yet. I think it just comes down to keeping in contact with your tennant and keeping tabs on the bank accounts to make sure there is no drifting. In the end you will probably do a much better job and save yourself quite a lot in management fees to boot.

Cheers!

Krystil Ryan