REI Wealth Monthly Issue 09 | Page 23

MY FIRST OVERSEAS DEAL ZIV MAGEN My tenant promptly moved out. He most likely rented one of the four available units in the block – the ones advertised by the same property manager for over four months at the time, and all asking for a rent lower than the one my tenant was paying at the time. All facts that I would have found out in a heartbeat had I listened to my very own property manager, who happened to be placed in care of most units in the block and knew everything there was to know about what rents can be expected at any given time and for any unit of similar profile. I’ve since had to put up with a series of short-term government supported tenants that came and went. Not as big a deal as in Western countries. The worst these guys might do is to abscond, disappear altogether, or stink the place up a bit. They normally come with a guarantee or insurance policy in place, which covers the cost of removing their belongings and cleaning the place up. But, still far more ha ????????????????$??????=?????()?????????????????????????????????????????????????????????????? ??????e?????????????????)????????????????????????????????????????????q???????t??$???????????????????????????????????)???????????)??????????????????????????????????????????????????????????'?e??????????????????????????????)?????????????????????????????????????????????????????????????$??????%????????????????????????)?????????????????????????e????????e?????????()]????????????????????????)???????????????????????????????)?????????????????????????????????)????????????????????????????????????????)?????()?????()???????????????)?()?????????()???()???????????????????????????????)?????????????????????????????)?????????????????????????????????)??()?????()???()??()??()???????()???????????qM??????t?????????)?????????L????????????????????????)??????????????????????????????????)??????????((