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Can you manage your own rental property without a real estate agent?

Real estate agent fees are often the biggest expense of owning an investment property after home loan repayments, and investors who manage their own rental property could save thousands of dollars per year. But is it worth it? According to recent research by finder.com.au, one in four Australian landlords manages their own investment properties, pocketing the percentage of the rent …

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Should you replace your property manager?

Throughout his journey of creating a nine-property portfolio, Eric Wu has made sure to engage property professionals in order to make the best decisions and ultimately achieve his financial goals. One of the most important parts of his financial team are property managers, who oversee the maintenance of his properties as well as the operations associated with …

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Melbourne’s cheapest, most expensive and highest growing suburbs revealed

Melbourne’s cheapest, most expensive and highest growing suburbs revealed New data collected by the Real Estate Institute of Victoria has revealed the highest performing Melbourne suburbs for the December quarter of 2017. Across the entirety of metropolitan Melbourne, REIV data showed that Melbourne house prices rose for the seventh quarter in a row up 1.1 per cent …

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How to choose the right manager for your investment property

How to choose the right manager for your investment property A Melbourne landlord and his property manager have been dragged through a specialist tribunal disputing allegations from an angry tenant wanting $10,000 compensation because of a barking dog, leaking pipes and faulty locks. The case highlights the need for landlords and their managers to resolve tenants’ complaints, respond to …

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From Property Manager to Entrepreneur– what does it take?

From Property Manager to Entrepreneur– what does it take? For many property managers, the only true pathway to financial independence and success is being provided with a profit share in the Property Management Department or going out on their own. Is being a great property manager sufficient grounding to go into business for yourself? Or, …

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Landlords Reveal Their Most Common Fears

Landlords Reveal Their Most Common Fears While property investment can be an attractive wealth creation strategy, it is not without its risks. “From our experience, arrears, maintenance issues and having an unoccupied property are some of the most common fears for new, prospective and experienced landlords alike,” said Carolyn Parrella, executive manager of Terri Scheer …

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