Hello, I was just wandering if I bought an IP in another state and have the real estate as the property manager, if something needs repair on the house, do the property managers arrange and orgnaise the tradesmen or do I have to try and find one?
thanks
The agents usually get the tradesperson for you. But you need to be careful as if the agent is unscrupulous they will event things that need to be repaired and then possibly get their tradesman friends to repair the items at higher rates.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Hey Goodenergy,
We recently purchased an interstate IP and have had our PM take care of all the repairs we have needed. They are taking a pretty big slice of our rent so they might as well work a little for it. Depending on the level of control you like, you could choose to have them run everything past you before they act or set up a repair limit for them to work under. In our case we allow them to progress with any repairs that cost less than 1 weeks rent without contacting us.
What ever your comfortable with I guess.
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