It’s always an eternal battle between tenant and landlord. “My landlord never did any maintenance on the property,” is a phrase that frequently comes up at viewings when tenants are asked why they might be looking to find a new home.
It doesn’t take long to find a horror story about renting a property. Look in the right place and you find plenty. Better yet, get out and about and have a chat with as many tenants as you can and you can almost guarantee that you’ll hear some outrageous stories about the way they were treated by their local property manager.
“It’s not you, it’s me.” A classic phrase, fit for any break up. Maybe not your break up with your substandard property manager though. Why? Because there’s a high chance that its not you, its them.
In an unregulated industry, bad property management can raise its ugly head a little too often. You only have to look online or to the papers to see the horror stories around property managers.
Property investment isn’t really worth the headache when you think about it. You sink a pile of cash into the property purely for your tenant to punch a hole in the wall, cook meth and never pay rent.
What’s the point? Is it all worth the stress in the long run? Are there any property investors out there who can really ditch the day job or is it all just one big fairy tale?
The truth is, it is possible to create huge wealth through property investment. 🏘️💰