All our rent money is put into the offset account and thats were it builds up and we save on interest.. but its up to you

Hello there .. I find that all owners should have a say on what quote to choose and what materials to choose from howerver it is up to your strata manager to give this to the executive commitee to choose.. anyone can be part of this committe as long as you let your strata manager know.. I have the same situation where I live.. we are behind on our…[Read more]

HelloI suggest you make the offer to your landlord via your property manager because if there nothing in writting from either party and it is just a verbal agreement and  nothing is set on stone. I have had heard this happed before where the landlord agreed to reduce the rent inorder to allow the tenant to do a few things to the house which we…[Read more]

hello allIt all has to do with strategy you need to buy the right time and right location taking into consideration that properties take at lease 7 to 10 years until you can see the benefits of the increase in value. I agree if you start early you will get closer to a wealthy lifestyle.According to seminars I have been to we can all afford to…[Read more]

HelloThe best thing for you to do is have a look around at the rental yeild the area has to offer as well as the demand for property in this area. Sometimes the cheapest is not always the best investmentRent potential DemographicsTransportationamenitiesgrowth per annumthese are just some things to look for when looking for an investment.The more…[Read more]

Hello,I was an onsite property manager for the developer of this particular complex they did not do the actual strata collections or meetings but they did the building management side of things. Property Management and Building Management was done from that same office and if your particular real estate office also runs strata management, their…[Read more]

Hello Angle,In Sydney there are many areas that have a  high Asian population and also a good investment, Eastwood, Marsfield, Carlingford, Ashfield, Ryde and I am sure there are many other areas that may be great for investment.   You will need to research this more before investing. I hope this is helpfulwarm regardsDafnny

Hello I look for the following, location, rental yeild, capital growth, amenities, expenses ie strata, council etc.and demographics.. so I know who will most likely rent it. 

HelloThey really sound terrible and it doesnt seem like they are working for you. It is hard to find a good property manager I can suggest that when looking for one there are some good questions you can ask them before you give them your property. I am a property manager in Sydney and I have a close relationship with all my landlords, having that…[Read more]

HelloI sat through one of their talks when they were in Parramatta, sydney.. they are very informative and really know what their talking about.I found their information a good eye opener and informative. I really enjoyed how they discussed how off plan purchasing effected their financial plans.. you listen to real peoples experience and what they…[Read more]

Hello SofiaIt is important that you know the laws involved and now how to manage upcoming problems.You dont need a licence to manage your own property however if you are going to be looking after other peoples properties you have to think about how you are going to collect rent, inspections, ingoing and exsit reports, repairs, and other small a…[Read more]

Hello A depreciation report will save you heaps if you do it upon the purchase of a property.. I had two done for my investments and It has made a great difference with the tax returns.. shop around for prices but I remember paying the $500 pre report.. but its worth it.

Hello NHG I met up with a good finanical advisor the other day located in Parramatta.. they will be able to help you with Tax and accounting questions as well as finanical planning. They are excellent and I would highly recommend them.The company is called Yellow Brick Road and the person I spoke with is called Alan Khoundair the office number is…[Read more]

Hello Skyes Because your dont have a steady income the best thing you can do is save.. save as much as you can.. start researching areas that you want to invest in.. close to transport, shops ..etc I started purchasing one bedroom units as they are no so expensive to maintain and there is not much wear and tear.. good rental return .. and so far…[Read more]

Lease renewal fees are normally disclosed in your managing agency agreement, they should have run through all costs. I also run a property management business and do not charge a renewal fee.

Hello When I advertise my rental properties I make sure I have internal and external photos of the properties putting down works like Bright and sunny , spacious and other good descriptive words will attract tenants. Tenants want to know whats around them i.e bus, schools etc.Your property manager should be doing this taking the weight off your…[Read more]

Industrial properties can be tricky however you need to consider that looking for a tenant may take longer than residential, Yes it is a longer lease term but when it becomes vacant than thats when it becomes difficult.I have only invested in residential as commercial/Industrial is a high risk.With residential you look at the rental yield and the…[Read more]

Hello Forumates,My name is Dafnny and I am a property manager in Sydney I hope that this helps.The Tenancy Legislation has changed and due to this the landlord is obligated to do necessary repairs ie water leaks is a serious repair and if not attended to this will not only cause problems to the house but also health problems if mould starts to…[Read more]