Thanks Redwing and Mictob,

Proves the stories are correct!

Don’t go there.

Matt,

I can certainly understand your frustrations! The things that you have described are what you are paying the PM to d0…eg notice that the booster is missing when the tenant leaves and charge them or take it from the bond.

Maybe you should look at smaller ’boutique’ property management firms?

I have had some problems with an agreement…[Read more]

Heard a few stories….be careful.

Matt,

I rarely hear from my property managers, isn’t that why I pay them? My advice – find better managers. Alternatively, find better properties because the PMs must be ringing with problems.

Just a thought,

Rachel

I live with my husband and 2 daughters in Victor Harbor, about 1 hour south of Adelaide. PPOR and 2 IP’s here and 1 IP in Adelaide.

Lovely seaside environment and clean air for the kids!

Hi Dr X,

I read about this on a regular basis in The Advertiser. They seem to have an adgenda in this area!

Just a quick caution – in Adelaide, check the land tax implications. Could be scary, especially when you own other properties in the same name (not POPR). Try http://www.revenuesa.sa.gov.au.[cap]

Dear LB,

Thank you for your reply. I do appreciate that your comments were tounge in cheek, and I think I understand what your problems with valuers have been. (After all you are in the finance industry) I do agree though. Its a pretty tough call to value a property below contract price unless there is a really good reason not to.

Just…[Read more]

Hard question. I know it shouldn’t be, but it usually comes back to the purpose of the valuation.

In your case it was for finance, and the valuer is going to have to be conservative. Unfortunately some banks use the valuers PI insurance as their safety net and too many valuers have been sued for being optomistic in the past.

It’s the real…[Read more]

As a valuer myself I can tell you that I am usually quite cagey when asked questions – professional indemnity insurance comes very expensive these days!

By the way, LB seems to have a chip on his/her shoulder….wonder why? I can probably guess.

Still, some valuers even invest in +ve cash flow property so they can’t be all bad!