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Welcome to Property Investor Tales, Stories From The Front Yard, where I talk to property investors from around Australia about their investing journey. My name is Tabitha Bright and I'm head of Coaching and Advising here at Positive Real Estate, where we help people build wealth through property. With over 8000 clients across Australia and New Zealand, there are some incredible stories to tell, which hopefully make your investing journey that little bit easier.
In this episode of Property Investor Tales with guest Bob Provan, we delve into the complexities of self-managing rental properties, particularly when friendships are involved. Bob shares his personal experiences with renting to a friend, the challenges that arose, and the lessons learned about the importance of professional property management. From the emotional and financial burdens of self-management, to the complications of tenant relationships, Bob had the decision to transition to a professional property manager. Through our experiences, we’ve seen that there is a need for education and support in the property investment journey and I hope this episode can help all investors learn a thing or two.
Chapters
02:55 - The Decision to Self-Manage
05:50 - Navigating Friendships and Business
08:53 - The Complications of Housemates
12:03 - Lessons in Professional Property Management
15:01 - Handling Tenant Issues and Repairs
18:04 - Transitioning to Professional Management
20:57 - The Aftermath of a Troubled Tenancy
24:42 - Navigating the Challenges of Property Management
30:39 - Lessons Learned from Property Investment
35:37 - The Importance of Outsourcing and Professional Help
40:40 - Understanding the Landlord-Tenant Relationship
45:01 - Finding the Right Property Manager
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I love hearing people's property investor tales so if you’d like to share yours then please get in touch with me via email at propertyinvestortales@positivementor.com.au
You can watch all of these podcasts over on YouTube at Positive Mentor or at positivementor.com.au
