Have had similar tenant problems over the years. Be cold blooded
never have a personal relationship with tenants. If things stay
the same world-wide obviously you should hold the property.,but
shares have fallen and must recover, property is overpriced just
about everywhere and must fall. I don't have the bollucks myself
but we all should consider cashing out of property and going back
NOW against the tide into shares.
The population demographics point to an enormous rise in the next 5-10 years in shares, all the baby boomers have to invest
somewhere! Then as the boomers die (50 percent of most western countries population) property will die with the boomers.
There will in fact be a lot of empty houses around the western
world unless migrants make up the missing boomers.
Personally I would sell your property ASP and even sit on the
money to feel the water with your next move. It's impossible to
control agents/tenants interstate let alone overseas, cash out my
friend, re-invest locally in OZ in an equally overheated market that
at least you can keep proper control of tenants/agents.
Good luck.