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	<title>Money magazine Comments - The true cost of managing your own investment property</title>
	<description>Landlords under financial pressure might be tempted to skip the real estate agent and manage a property themselves. But it's a risky, and potentially costly, decision.</description>
	<link>https://www.moneymag.com.au/feed/latest?story=176418373</link>
	<lastBuildDate>Sat, 07 Nov 2020 15:39:31 +1100</lastBuildDate>
	<pubDate>Sat, 07 Nov 2020 15:39:31 +1100</pubDate>
	<language>en-AU</language>
	<copyright>Copyright 2026 Money magazine</copyright>
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		<title>Money magazine Comments - The true cost of managing your own investment property</title>
		<url>https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png</url>
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		<title>Comment by Ali Alavi ()</title>
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<p><p>Lots of wrong and misleading information in this article. I sold my property myself 5% higher than valuation done by real estate agent.</p></p><p><a href="">Reply to article</a></p><p>For original story, <a href="">Click Here.</a></p>
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		<dc:creator>Ali Alavi ()</dc:creator>
		<pubDate>Sat, 07 Nov 2020 15:39:31 +1100</pubDate>
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		<title>Comment by Michael Knight ()</title>
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<p><p>Hi</p>
<p>I think you need to do your homework a bit as I run a number of property&#39;s and you can do a tenancy checks through companies like rent better and you can also get history and information off the tenant they last rented through eh: Raine and Horne.</p>
<p>Also to run a property is easy only need to spend 4mins every 6 weeks to ensure the rent gas come in or setup notifications on bank account (app)</p>
<p>Also repairs through a realestate is much higher (cost wise) than if you you a tradie that you get to know, because the tradie know he will get regular work from you.</p>
<p>If you get a bad tenant there is a process to follow (consumer affairs website) and in regards to finding a tenant, this process is very rare if you get a good one as you only need to find a new tenant every 6 to 10 years from what I have found but I did have one move out after 3years if you keep them happy they will stay. Note: units are different tenant turnover is higher.</p>
<p>I&#39;ve had to put one insurance claim in didn&#39;t seem like a nightmare it was very simple and easy as the insurance agency helps you through it, so not sure where the nightmare comes from</p>
<p>Also selling a house is alot more easier than running a property as I have done this a couple times already.</p>
<p>Note: I have been running my rental properties by myself for roughly 20years and never had any training as the process is very simple and easy.</p>
<p>Thanks</p>
<p>Mike</p></p><p><a href="">Reply to article</a></p><p>For original story, <a href="">Click Here.</a></p>
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		<dc:creator>Michael Knight ()</dc:creator>
		<pubDate>Sat, 07 Nov 2020 19:57:31 +1100</pubDate>
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