Managing your own investment property and liaising with tenants directly may save you a few bucks, but is the risk really worth the reward?
4 risks of DIY property management
Published 12 Oct, 2011
Home property management 4 risks of DIY property management
Managing your own investment property and liaising with tenants directly may save you a few bucks, but is the risk really worth the reward?
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Owning properties goes beyond snagging Mayfair. Like a true Monopoly mogul, you need tenants to pay rent – and that's where the real game begins. But instead of managing everything yourself, some investors choose to enlist a property manager – the real-life equivalent of rolling doubles and letting a pro handle the upkeep, rent collection, and unexpected Leicester Square repairs.
Last year, the world was introduced to ChatGPT, letting every Tom, Dick and Harry turn it into their own digital assistant. Since ChatGPT hit the scene, artificial intelligence (AI) products have been popping up like whack-a-moles. Buckle up, because this AI revolution is about to rewrite the rules of property investing in Australia.