As a owner of a couple of inv props and also used to be a prop manager I always use prop managers.. I found the job to be extremely hard at times for not much money. Interview lots of prop mangers, all terms are negoitiable..from the letting fee to tribunal fees…

If you want a good relationship with your tenants attend prop inspections and talk with them personally – i have found that tenants deem most landlords to be evil, until they actually meet their landlord and find out that the landlord is interested in what they have to say.

I personally would rather spend my time looking for further investments rather than attending to every single detail (paperwork, repairs,etc) of the property.

If your property is nearby and you can check on it regularly I would at the least get a property manager to Let it for you, as they have all the necessary tools to do credit checks & rental checks – some states have a black tenant list..this usually costs around 2 weeks rent + advertising…

More food for thought

Rosey K
Melbourne & Brisbane