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I have a maximum amount to spend without need for authorisation set at $250. I think it is poor management rather than lack of integrity that’s the issue, but all the same I intend to find another PM.
The tenant is very demanding and forceful and the PM young and inexperienced, so they get steamrolled.
Good evening all,
Thanks for the feedback. I ended up going with TCR and so far I'm really impressed with them. The flat fee is great, as well as the first initial inspection after 6 weeks. Furthermore, their rental appraisal was $20 a week higher than other agents I spoke to.
Another issue you need to consider as a temporary resident, is that you can be forced to sell the property in the event that you are unsuccessful in obtaining permanent residence, or a visa extension, and are thereby forced to leave the country. I went through all this about a year ago with my partner, who has a temporary visa, and this is the advise we received from the Foreign Investment Review Board (FIRB).
I'm sure you already have enough offers by now, but I would love to have the material. I'm in Brisbane – South Bank.
Regards,
Rachel
I had a local real estate agent value it recently and according to their valuation it is worth slightly more than what I paid for it. I may give Richard a call on Monday. Thanks
Hi Richard,
The reason the bank gave for the need to charge the LMI is because the second property doesn't have enough equity.