What do you hate most about Property Investment?

Annoying sales guys who call themselves property professionals....Too much info and too much crap...

 

CGT.

 

Property managers that are Incompetent and lazy that you need to keep following up with. I can't wait to change one of mine once I'm back from a secondment to UAE.

 

It was hard to obtain finance to keep it going.. also I disliked dealing with incompetent mortgage brokers. It’s hard to find a good one, there is no guarantee if u pick a ‘supposedly’ good broker recommended in this forum. After a horrible experience with trilogy funding brokers of Canberra I now plan to goto bank directly.
I am also thinking of making a formal complaint with mfaa but does not make sense it’s their industry body who obviously will support their paying brokers...

 

Investors with business cards that say “I’m a sophisticated investor”

Lol yes they do exist and they find their way into our open inspections with their list of criteria.

It’s beyond the level of sophistication I can actually handle.

 

I really hate the fact that property investment doesn't make us all multi-millionaires overnight

 

Dam.. I shouldn't have handed you my card..

 

Lol

 

Leasing tenants an immaculately clean property including properly mowed lawns and edging - only for them to leave a reasonably clean and tidy home in return.

Tenants being able to give 28 days notice to vacate at the end of a lease or on periodical for 'no specified reason' yet I need to give 90 or 120 days.

Tenants who sign a no pets lease and then two weeks later request to have a pet (which they already had when they applied)

Property managers - who work for the tenant and who do not do their job which is to "manage" the property not merely "collect rent".

I have found tenants renting for lifestyle reasons are the worst. My tenants renting due to necessity have kept the properties in good condition.

Maybe in 10 years my response will be different and I will love that my current income has wholly been replaced by rental income.

 

Had to giggle at that one. According to the accountant I would qualify if I chose but the thought of me being sophisticated caused me no end of amusement.

 

Forum trolls

 

Haha don't we all "hate" this !

 

For me I hate the uncertainty around how a valuation can dictate the CG's you see.. Having said that generally property investing creates plenty of opportunities!

 

No they do not BUT if you have patience while building a portfolio (and continue to build consistently over many years ) it will make you a millionaire many times over ....or your children

 

Agreed, if we were all millionaires overnight that'd be boring right :O haha

 

Tenants giving notice they are vacating the property 4 days before Christmas.

 

PMs not staying on top of rental arrears.

People who join the forum only to argue. They love debating why this time it’s different, the sky is falling in, it’s unfair, a crash is coming. They generally have no interest in property investment.

Macro business is where they belong.

 

Property!

 

This is a huge one, along with all the other associated costs and fees.
We're about to drop 300k on stamp duty alone for the next purchase.
Probably the reason we don't buy much property anymore, the costs are too high.

 

Bejesus... First jointly owned PPOR we bought the stamp duty was 27k. Enough to buy a new car. I thought that was a lot. The next was 74k - almost triple the amount of the previous, that's a full salary for someone. But 300k... That's a house in outer Brisbane/Adelaide!