PropertyInvesting.com | Michael_yd | Activity https://www.propertyinvesting.com/members/michael_yd/activity/ Activity feed for Michael_yd. Mon, 13 Apr 2026 16:29:16 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 52be662e172c2027df6f38cd25d22cff Michael_yd replied to the topic risks involved in self managing a property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406410-risks-involved-in-self-managing-a-property/#post-4668259 Tue, 24 Apr 2012 13:43:27 +0000 Jamie M wrote:

Michael_yd wrote:
Jamie, what steps did you/your wife went through to VET the tenant that's in your IP now? I know Ian in the above reply gave very detailed steps for that, but I'd just like to know what others have done to lower the risks when managing yourself. and thanks to all that gave input in the above replies, it was…[Read more]

]]> 6d33c228764090079fb4005b81fe4b7d Michael_yd replied to the topic risks involved in self managing a property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406410-risks-involved-in-self-managing-a-property/#post-4668257 Tue, 24 Apr 2012 12:46:54 +0000 sapphire101 wrote:
Hi Michael,Some very valid points above so take heed.If you are considering the DIY approach than can I emphasize the importance of the tenant application checking process. This really has to be stringent and if you don't get through to people that are noted then keep trying or ask for more references.On the application form…[Read more]

]]> 4d6bcc47fc6fecbdf35f2b8f638dbb89 Michael_yd replied to the topic risks involved in self managing a property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406410-risks-involved-in-self-managing-a-property/#post-4668256 Tue, 24 Apr 2012 12:41:10 +0000 Jamie, what steps did you/your wife went through to VET the tenant that’s in your IP now? I know Ian in the above reply gave very detailed steps for that, but I’d just like to know what others have done to lower the risks when managing yourself.

and thanks to all that gave input in the above replies, it was really helpful

Cheers,

Michael

]]> b1fe972cdc4efca85d298daee5f82488 Michael_yd replied to the topic risks involved in self managing a property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406410-risks-involved-in-self-managing-a-property/#post-4668253 Tue, 24 Apr 2012 11:16:20 +0000 Thanks for all the information guys, I’m looking into it right now for future references.

Cheers

]]> 3d28d798413706580e2711c69a1aef4e Michael_yd replied to the topic risks involved in self managing a property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406410-risks-involved-in-self-managing-a-property/#post-4668249 Mon, 23 Apr 2012 11:29:22 +0000 ahh ok, so it’s best just go through an agent instead it sounds.

Thanks so much for the heads up guys

Cheers!

]]> 0ad8fa675da275279cd5f34afff38ea0 Michael_yd replied to the topic help needed on loan structure for first IP. in the forum Help Needed! https://www.propertyinvesting.com/topic/4406395-help-needed-on-loan-structure-for-first-ip/#post-4668140 Sun, 22 Apr 2012 09:00:09 +0000 Thank you guys for the warm welcome and getting my questions answered.

Qlds007, I was thinking something abit differently and didn’t add in other expenses and depreciation schedule for the property, so I thought I was going to be cash flow positive with the IO + offset setup. Thanks for making it clearer for me as I now understand how it really…[Read more]

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