First real hiccup

Let me guess you manage this property yourself.
It should already be written into the lease what they have to pay if they wish to break it signed by them when they took the property, not a verbal agreement when they want to leave.
Secondly where is your insurance for the occassions when tenants leave without paying their rent?
Maybe this highlights the benefits of using a PM.

When I broke a lease managed through a RE, I had to pay rent AND advertising until they found a new tenant.

I rang the PM every day though until he did!

Although at first glance a PM’s fees seem a bit high, maybe the real cost to you of your time, emotional attachment, dispute resolution and general well being are well worth the money.

They do the footslog every day. Always let someone who does a job daily do the hard work for you. What they do easily takes you twice as long and with less results. I always surround myself with people that are great at whatever they do and am happy to pay them.

Your time is better spent finding those deals rather than wondering if a tenat has paid each week. Use your valuable time to best advantage.

DD

Don’t sweat the small stuff,and it’s all small stuff!!

Am a bit concerned that Terryw is suggesting you apply to the Administrative Appeals Tribunal.

This tribunal deals with appeals by persons affected by decisions made by Commonwealth governemnt departments and agencies (such as a decision to refuse to pay Social security or refusal to commute a pension entitlement to a lump sum, decisions of the Australian Taxation Office and decisions to cancel or refuse an Australian visa on the basis that the visa applicant is not of good character).

Ajax