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I was a property manager, and the tenants don’t have a leg to stand on. As long as you have recorded evidence that u have tried to contact and reason with them, it should be fine. There is no excuse for unpaid rent unless the place is not live able etc. they have made no effort to give you good reason why rent isn’t paid, and as for the fence they did not request for it to be fixed, they did not get quotes prior to fixing etc and invoice with Abn for insurance purposes. I would personally not allow them to stay on for three months, evict them and find new tenants…
KostaKamper & associates
Kamper.com.auExcellent in property advise especially property law and taxation
Based in rockdale
Thank u for taking the time to write some in depth comments to assist me.
Ballerina, ur insights are very helpful and as ur a property developer ur self I would like to know more…I live in Sydney and interested in developing in either NSW OR SA ( as I am part adelaidian). As I am new to the development game I am keen to network with experienced people. I would like to learn more and keen to listen to JV or assisting myself in developing on my own…
Kosta.
Hi guys thanks for taking the time to reply!!! You guys are great and very wise!!
My wife is on 70k and I’m on 50k. We have no liabilities except for credit cards combined 10k. And really no cash in hand. So I’m thinking whether or not to take out the whole amount to loan. Do know really what to do cause I am really keen to invest and keep investing.I was thinking of starting small but hopefully start buying a few each year with hope to get into property development.
Sounds easy doesn’t it? Lol. But would to hear ur thoughts.Thanking you in advance
Kosta