- Landlord still needs to comply with the relevant tenancy act;
- Tax implications. Makes it harder if they need to report this in the home country and the property was just a vehicle to transfer wealth overseas;
- Possible language barriers between the landlord and property manager;
- Insurance becomes a pain. Most insurers will not insure a foreign national who permanently resides overseas. Most foreign insurers will not provide landlord cover to a property in Australia;
- Can no longer use it as a holiday home when they visit Aus every other year
And that is just a brief summary. Way too much hassle to chase a ~2% yield.
