Jamie M wrote:

Michael_yd wrote:
Jamie, what steps did you/your wife went through to VET the tenant that's in your IP now? I know Ian in the above reply gave very detailed steps for that, but I'd just like to know what others have done to lower the risks when managing yourself. and thanks to all that gave input in the above replies, it was…[Read more]

sapphire101 wrote:
Hi Michael,Some very valid points above so take heed.If you are considering the DIY approach than can I emphasize the importance of the tenant application checking process. This really has to be stringent and if you don't get through to people that are noted then keep trying or ask for more references.On the application form…[Read more]

Jamie, what steps did you/your wife went through to VET the tenant that’s in your IP now? I know Ian in the above reply gave very detailed steps for that, but I’d just like to know what others have done to lower the risks when managing yourself.

and thanks to all that gave input in the above replies, it was really helpful

Cheers,

Michael

Thanks for all the information guys, I’m looking into it right now for future references.

Cheers

ahh ok, so it’s best just go through an agent instead it sounds.

Thanks so much for the heads up guys

Cheers!

Thank you guys for the warm welcome and getting my questions answered.

Qlds007, I was thinking something abit differently and didn’t add in other expenses and depreciation schedule for the property, so I thought I was going to be cash flow positive with the IO + offset setup. Thanks for making it clearer for me as I now understand how it really…[Read more]