Forum Replies Created
Are you talking about the Covidsafe app?
If you are – from what I understand it works by alerting you if someone you have been in proximity with in the last however many days has tested positive to Covid-19. This is not a real time thing as anyone knowingly with covid is expected to self isolate. However if someone is using the app then comes down with Covid-19, their data can be uploaded/used (done at the request of a health professional) and that will alert all the people you have been in proximity with in the last two weeks that they were in proximity with someone who has since tested positive to Covid-19, and those people who have been in proximity should get tested. You are correct in that it tracks using bluetooth. This is how I understand it to work.Rent increase is annual by CPI which, this year was applied as 1.3%
Hi Meher,
A great starting point at Steve’s events is to approach someone with a name tag that has a star or stars and ask them what they mean. A conversation should naturally flow from there.Or ask a volunteer to introduce you to someone they know as they usually have some strong networks established :)
Most people are really happy to have a chat.
Traveled from Perth for this conference and whilst I unfortunately missed the first day’s worth of content (which I consistently heard was brilliant) I was still able to take away a lot of value from the remaining speakers. Highlights for me included mindset and marketing tips from speakers Brendan and Lisa. Catching up with friends from previous conferences. Steve’s negotiation sessions and commercial property insights are sensational. It is worth noting that there are many levels of people in attendance, from new investors starting out to seasoned investors and I think Steve and team have done an excellent job putting together speakers that appeal to all levels. There was plenty of opportunity to network and listen to other attendees who have also taken action with many of the speakers before. Great event, I look forward to the next one.
Thanks for your contribution. Since then they had some other demands too: on top of the insulation they wanted new glass windows, and a new back door. We declined the insulation & windows but gave them a ‘mates rates’ quote for window replacement from a friend if they wanted to go ahead (which they did) and we agreed to pay 100% for replacement of the back door (there was an OH&S concern with door getting stuck closed)… They have taken up a further 3yr option so I perceive they are happy at present.
Hi Daniel, We were asked to read the manual in full before the bootcamp as there is so much data to absorb. Steve then went through each of the sessions, much the same way you see him do in the webinars, however with a live audience there is a greater energy and involvement with the students. We had Q&A after each session and some time to go through our end of session questionnaires.
The Boot camp was intensive but digestible. There were partners of Property Apprentices there who had not really been exposed to Steve and his course/guidance before, and they were able to keep up. I think those teams of people who attended in pairs would be absolutely formidable investors – well on track to achieve their goals together.
We didn’t tackle the end of module assessments. These are something that each apprentice needs to complete on their own and submit in order to achieve their Cert IV from the RTO. I did the boot camp and I am revisiting the webinars / content on a weekly and task oriented basis (currently selling an IP so checking back on content relevant to this process). I have not completed the assessments yet but keen to do so to get the most out of the course. I definitely agree with you on going through the course again (and again and again) if the opportunity to attend a boot camp came up again I would jump at the chance to go. All the best with your investing :)
BTW it is a standard 2013 REIWA commercial lease, so I didn’t list out all the included operating expenses that the lessee pays, I just listed the ones that might relate to insulation. The relevant proportion refers to the proportions per strata property.
The lease says:
“7. Operating Expenses (delete if applicable)
(i) The lessee agrees to pay the relevant proportion of operating expenses (as defined in the retail shops act) for the premises as set out below: (operating expenses are exclusive of GST, see clause 33)
…
Grounds repairs and maintenance
Building repairs and maintenance of a non-structural nature
…
Air-conditioning running, repairs and maintenance
…
other” (is struck through)So I am not entirely sure where insulation falls… perhaps at lease renewal (March 2016) I can ask the agent to include ‘Other’ and specify insulation?
Thanks for your suggestion Benny, I am tenanting it for now. I intend to renovate it immediately before sale so I can sell it whilst it is vacant. Selling it straight after renovation will help me cash in on the reno value as soon as possible and sink it in to my next project.
Thanks Steve for the opportunity to have you and your team for 5 intensive days! The last week has been a whirlwind of absorbing information, learning, sharing experiences, picking up gems of wisdom, networking and budding new friendships. I think the two key points I have come away with are:
1) Improved confidence, competence and a clarified plan moving forward,
2) That no matter your sophistication as an investor you will still face challenges and always continue learning.
This second point has allowed me to accept that my investing journey is not going to be perfect and that I can be a little kinder to myself about the mistakes I have made thus far. It has made me more expectant and accepting of pot holes I may hit moving forward – but the most important thing is that it is that the fear of them is not going to hold me back now. To build on the pot hole analogy, I feel like I am in a 4WD now instead of a mini!
I was really impressed with the delivery of the bootcamp and the calibre of the attendees. I hope I contributed as much as I gleaned from others. This was an experience I really value and would do again in a heartbeat. Thank you so much for sharing your wisdom and life’s work with us. I intend to maintain this brilliant momentum!Hi, I am based in Perth and would like to meet up and discuss in person..
I have a few properties now and various courses / techniques under my belt. I’m now looking to grow my network of likeminded people & leverage off each others knowledge, so more sophisticated deals. Will PM youThanks Dan, Terry & Jamie,
Dan, yes I agree with this. This Agent says one thing but does another. I brought a gift to the first (only) viewing to acknowledge her help and thank her for making it possible. Obviously it was not a good enough gift? or it made her realise she didn’t have to do it..? oops.
Terry, I had considered the slip & injure but the property is self strata and as such has the appropriate building and public indemnity insurances, plus I have landlord insurance from unconditional.
Jamie, I guess I have to cop this one on the chin and pull the ad!
Thank you all for sharing your thoughts.It’s not a bad purchase. It’s just not a brilliant purchase. Attending Steve’s seminar gave me a bit more clarity, confidence and strategy that I had been lacking. So now I think I probably could negotiate a better deal elsewhere.. Plus I think I am just getting pre purchase nerves!
In hindsight the Agent/Sellers have bullied a bit in regards to scratching off some of our conditions before agreeing to the contract. So we have agreed to purchase this property without contractual access/ability to secure a tenant before settlement. It’s just a slight aggravation… and an indication I need to sharpen my negotiation skills!Thanks for the detailed reply DT. Great to know what I can charge for pet bond and to know that I can’t specifically bump up the rent for the pet. I have had quite a bit more interest in this property offering it as pet friendly than I did for my other (non pet friendly) property earlier this year!
I wanted to follow up on this tread. The strata manager had a work to the owner of the neighbouring property, who in turn had a chat to their tenant. The tenant approached ours and apologised. Both tenants put the awful experience behind them and now have amicable attitudes. Wanted to thank you all again for your help.
I would like to hear suggestions too
Thank you to everyone who replied, there are some very helpful insights and links.
I approached the Strata Manager who has had a word with the owner of the neighbouring villa (a relative of the tenant). For the moment things appear to have blown over but if it occurs again I will pursue the owners corp and/or other avenues.
Over the years this bunch of Villas has had a really good culture of being good neighbours to one another. Hopefully peace is restored.
Hi Jezza1,
You sent me an email through my "contact form" which subsequently I didnt know I had, nor do I know how to use it..! (sorry)
So would you mind PM'ing me as I am keen to chat further
Thanks, Azalia
Firstly, you will want to know that the site is going to be feasible to do said development. So you will want to roughly calculate the expenses and the income from selling the completed dwellings.
What is the Zoning? How many dwellings will the zoning permit you to build on this land? Also talk to the town planner about what your council needs & wants (this will give you some indication of what to build).
I have a company/trust set up already that is not in use, and I work Full Time for a land developer in WA (has been extremely valuable to me as I get their help/advice free when I do due diligence). I am beginning to do some developments of my own starting with small ones…
Where abouts are you? Where is the land exactly? As building costs vary state to state but I can give you an estimate once I have more details. Feel free to PM me…
Also I should add, that you will need to find a reputable Valuation Company! Some do valuations purely based on comparable sales, others do alot more research! Helps if you supply as much info as possible (ie what council says land can potentially be used for) and see if you can't get a good Valuer by word of mouth.
Also it is worth asking the council planner what is needed and wanted by the community, as this will give you a better idea as to what demand is there (community centre & residential lots? commercial land, industry land? Holiday accomodation? Retirement village? nothing?… you get the idea).
Azalia
