The Property Couch

An Investor’s $80K Nightmare | The Interview

Apr 21, 2026
Dan Yeats, a property investor who battled a 13-month tenancy dispute and huge losses, shares his story. He recounts unpaid rent, repeated tribunal delays, and severe property damage. The conversation focuses on how recent rental law changes shifted the balance, the personal and financial toll, and a petition push for faster, fairer enforcement and practical reform.
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ANECDOTE

Investor Nightmare 13 Month Eviction Ordeal

  • Dan Yeats rented to a mother and two daughters who stopped paying within a month and refused to leave after the lease expired.
  • The dispute dragged on for over 13 months with repeated VCAT hearings, appeals and administrative delays before eviction.
ANECDOTE

Property Returned Filthy And Damaged

  • After eviction, Dan found the property heavily trashed: around 14 cats, maggots, and extensive feces and damage.
  • Estimated cleanup, removal and repairs will cost tens of thousands and are not covered by his rental insurance.
ADVICE

Make Appeals Conditional On Paid Arrears

  • Require tenants to keep arrears current if they seek to appeal possession orders.
  • Dan proposes appeals should be conditional on paying outstanding rent instead of allowing ongoing small payment plans that never clear debt.
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