Mike_3 replied to the topic Steve, can you pls advise on Landlords insurance? in the forum The Treasure Chest 21 years, 8 months ago
Thankyou
Two different viewpoints.
Yes we take out insurance to guard against the unforseen. Due diligence does so much but things happen in peoples lives which affects their ability to pay rent. Then again, we pay agents to keep on top of things too.
Thanks for your replies.
Mark [8D]
Mike_3 replied to the topic What qualities make up a good tenant? in the forum The Treasure Chest 21 years, 8 months ago
OK here is my experience of a ‘bad tenant’
Couple in theire early 30’s no chilren, he is a diesel mechanic on good casual money, she works in a local store.They previously owned a business that went belly up, neither have business quals or other, they own few posetions.
He gets injured at work and is on compo for an extended period of time. She…[Read more]
Mike_3 replied to the topic A property developers dream in the forum The Treasure Chest 21 years, 8 months ago
Hey watto
Great web site, I will use this without a doubt.
Thanks
Mike
Mike_3 replied to the topic Attracting tenants in the forum The Treasure Chest 21 years, 8 months ago
Angie
Lateral thinking is really a logical way out of a sticky situation. There is more than one way to skin a cat!. Be imaginative and calculate your outgoings to off set loss by using a rent increase. It is a sunk cost, but picked up in the long run by the tennant…. who in the end is a happy customer. Great thinking
Mark
Mike_3 replied to the topic I need a setl. agent and prop manager in the forum No Subject 21 years, 8 months ago
Thankyou,
Because I dont live in Perth, I would like to leave my property with a manager on good recomendation. Please advise details so I can contact them to discuss management fees etc. It can be dificult identifying the right people when you dont live in the area and cannot check up on things.
Cheers Mike.
Mike_3 replied to the topic Brett: lets start a WA investing team? in the forum The Treasure Chest 21 years, 8 months ago
I invest in Perth and would like to be in touch with a group of people doing the same thing. Keep me posted if you want to get together.
Mike_3 replied to the topic Brett: lets start a WA investing team? in the forum The Treasure Chest 21 years, 8 months ago
I am open to ideas. I am sometimes frustrated at the fact that I find so many good deals but dont have the capacity to close them all. So I…