Cindy Lee

Registered with Property118.com
Monday 14th July 2014


Latest Comments

Total Number of Property118 Comments: 6

Cindy Lee

7:35 AM, 1st March 2018
About A year ago

Being a Landlord can be a lonely business – something bugging you?

We are portfolio landlords managing a portfolio of around 30 properties spreaded all over the country. In the last 10 yrs we’ve been managing the portfolio, I believe we have made numerous mistakes resulting in excess voids, problem tenants, and substantial costs of repairing. We feel now we are in a better position to focus on managing our portfolio more effectively and are seeing better results. Just wondering if anyone can share with us what ratio of gross profits to net profits a well-managed, single-let, agent managed portfolio can réalistically achieve ? Say, if your monthly net income is 10k ( rent minus mortgage payment), what net profits can you expect after all the expenses and provisions etc. ?... Read More

Cindy Lee

11:31 AM, 15th November 2017
About 2 years ago

Consultation Testimonials

We recently booked a consultation with mark and it turned out to be one of the best investments we made as not only he has been very patient and helpful but he continued to help us after the sessions when we encountered difficulties and needed someone to bounce up ideas or point us to the right direction. Thanks Mark!... Read More

Cindy Lee

11:37 AM, 5th July 2017
About 2 years ago

Tenant left without notice and agents folded?

Thanks Mandy, will there be a problem with using section 8 if I don't have information on initial deposit lodged?... Read More

Cindy Lee

2:35 AM, 5th July 2017
About 2 years ago

Tenant left without notice and agents folded?

Hi Mandy,

Yes, we have tried to call and email the tenants, but the phone number didn't work, and emails had no response.

Our builder gained access to the house through putting a notice at the door for a few days before going in to inspect. He found the house in reasonable conditions and lots of furniture and personal items left inside. The neighbours told him the tenants had already left so he changed the lock for the door..

I'm thinking of selling it and wondering what risks we will be exposed to in this situation. Yes, the tenant has been in arrears for quite a few months. And as we both live overseas, its really not easy for us to organise an auction of their items and etc...... Read More

Cindy Lee

13:04 PM, 4th July 2017
About 2 years ago

Tenant left without notice and agents folded?

Thanks Neil and Gary for your comments. No, there hasn't been any damage at all. The tenants went back to their country a few month ago and for some legal reasons, can not return. They also had a few month rental arrears.... Read More