Managing your own investment property and liaising with tenants directly may save you a few bucks, but is the risk really worth the reward?
4 risks of DIY property management
Published 12 Oct, 2011
Home property management 4 risks of DIY property management
Managing your own investment property and liaising with tenants directly may save you a few bucks, but is the risk really worth the reward?
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Owning properties goes beyond snagging Mayfair. Like a true Monopoly mogul, you need tenants to pay rent – and that's where the real game begins. But instead of managing everything yourself, some investors choose to enlist a property manager – the real-life equivalent of rolling doubles and letting a pro handle the upkeep, rent collection, and unexpected Leicester Square repairs.
There’s something a little unusual going on in Melbourne. No, it’s not carrot man or fake seizure guy. Rather, it’s got to do with the property market.