Search results

@ceecee I left it to the managers to choose the tenants.

@jess7737 I’m sorry for your experience. I didn’t know there was an option to say no to repairs. My issue isn’t about the tenants bothering us. I believe tenants are entitled to a fully functional and safe home. It’s the frequency of communication from the property managers that consumes our...

@freeme2013 I understand that maintenance comes with IP but it is a lot of decision making about things we don’t understand and it gets expensive. Our properties were positively geared but with the interest rates increasing + endless repairs, it is exhausting and time consuming. It’s also...

@olmes Thanks for the thoughtful response. This is exactly how I feel. Dinner time is just about discussing whats broken when investment properties were intended be our side hustle. We earn more from our main jobs but ips have become more time consuming. It doesn’t make sense financially to keep...

@alex818 We lived in one of them for 5 years, built equity and used it to finance the other two which were positively geared at the time of purchase. Cash flow wasn’t affected.

@resjudicata Emails once every 2-3 months is ideal! Even monthly would be manageable. I think we have been unlucky with both tenant choices and property managers.

@layton17 I probably shouldn’t complain about my yacht then

@gintotski Reddit really doesn’t like people who do well in life huh

@joeforchrist Glad to know it’s not just me.. growing up, my parents glorified home ownership and how many houses our family friends equated to how successful they were. I guess it’s not for everyone

@tracylee Our places were all positively geared at the time of purchase. I agree, negative gearing doesn’t make sense to me unless you know with certainly there will be huge capital growth to offset the loss. We actually charge 20% less than market rate for our rentals to help our tenants and...

@wheelgirl They ended up fleeing the country with hundreds of thousands of debt. They also never went to work.

@wheelgirl Good question, I never asked the neighbours how they found us. These tenants forged all of their bank statements, university qualifications, screen shots of their bank balance. They even photoshopped an invoice for a bond clean that never happened.

@diannna Noise complaints, parties and drugs became an annoying issue for us when the neighbours somehow found us and sent us video footage. Do you just approve all maintenance requests?

@catholics7777 Why can’t I complain about having assets? Should I be grateful and never complain because I have nice things?

@catholics7777 Why? Hard to believe that some people work hard and have assets?

@lone_disciple We have 3 different ones and am wondering if we got unlucky 3 times. One of them even complains to me that the tenants are rude to her.

@stormsailor Real post. My houses are around 10 years old and look relatively nice. I must just be unlucky with tenants not looking after the place.

@stormsailor You must be lucky then.

@nessofonett05 Is there something wrong with asking the population if they experience this differently? Why so much hatred towards someone who owns assets? I literally said in my post I’m considering selling everything as a solution. I find it baffling that reddit hate people who make enough...

Most people only talk about the glory of accumulating properties, the benefits of negative gearing, capital growth, leveraging the banks money etc no one really talks about the weekly emails from the property manager with noise complaints from the tenants neighbours, tenants selling illegal...