Fortnightly property management?

Making what I think is a reasonable assumption the loan/s on your properties would be interest only? In which case the “payment” (interest) is only once a month. As said above easiest way out is to be ahead one payment at least and then just let it roll.

Id choose an agent more on their ability to manage the property and keep it tenanted, not on their ability to fit in with your kitchen table bookkeeping.

Good morning,

In short – yes, our office can chat to you about the details. If you have not already taken care of this issue, please inbox me or email.

– Benj

Cameron Real Estate (now Cream Residential) http://www.cameronre.com.au/
They do fortnightly rent, have been with them twice. Great to deal with 🙂

milkman said :

Rule number 1 of property investment: you need a pool of money to use to smooth your income and expenses. This pool should be at least 3 months rent, and you should park it off your own home loan.

Anyone who buys an investment property without a buffering in case interest rates go back over 10 per cent deserves to lose it.

I’m sure if you offered to pay the agent double their fees they’d be willing to do double the paperwork.

Have you tried Purnell? When I’ve rented a flat they were managing they were so easy and flexible to deal with. Our official rent was monthly but as long as we were ahead they were happy. The owner was in Melbourne so she wanted to know the agent was taking good care of the place and she seemed quite happy with them the couple of times we met her.

You joined the real estate industry: they did not join you. Monthly is standard – it’s going to be a lot easier for you if you get in step.

See milkman’s response. Perfectly correct. There’s a huge difference between monitoring a process and worrying about it. Huge.

Rule number 1 of property investment: you need a pool of money to use to smooth your income and expenses. This pool should be at least 3 months rent, and you should park it off your own home loan.

Mysteryman said :

Not if you’re leveraged over your eyeballs. God help figjam if the tenants miss the rent for a fortnight or two.

Good point, I didn’t account for people potentially living beyond their means.

To answer the initial question, I’ve had experience with two real estates and both pay monthly. You may struggle to find one and have to consider Madam Cholet’s response.

ThatGuy said :

Can’t you just add a one off re-payment of a fortnight yourself? Then your monthly payments from the real estate will span the fortnightly payments.

Not if you’re leveraged over your eyeballs. God help figjam if the tenants miss the rent for a fortnight or two.