watso interesting, the words 'too much trouble' is what I keep hearing from people disillusioned with property. they originally bought on the idea they would make a profit in 5-10 years with a capital gain (or should have)
yet once there is a problem with renting the property, they sell out. do they expect to sit back and do nothing at all for the money they are hoping to make ????
I bought a commercial property, rented at about 20,000pa, mv of rent was 45,000. Lease due to expire in 1 year. I spent the best part of 8 months haggling with the tenant and agents to get the mv of the rent. That is the fight I had for the revenue alone, figured it was worth it. And since commercial props are now capitalised on a base return of 8%, it also doubled the capital value of the property. It was a hassle and hard work, but damn it, I bought it for a reason and will not give it away because it is too much work. cheers
