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 insurance yet we have a very big problem with a tree that blocks all the pipes.. because both are too expensive we are holding a meeting with all the owners to talk about raising a special levy to cover this.. we are only a small block and I have informed the strata manager that all owners should have a say how the money is spent..

just be sure that before choosing the materials on the roof you look at your insurance policy for the unit to see it it complies.

hello all

It 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 purchase at least one property every year using equity

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 ability to do this is in accordance to their licences.

Swipe cards are controlled by  the building manager, used to control how many cards were given to every owner/ tenant and this was recorded in a special file.

As for damages, your property manager should be in control of damages to the unit and or swipes..

If you were to change property management companies you will only need to give them the notice as per what is on your managing agency agreement it is often 30 days.

Warm Regards,
Dafnny

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.

Hello

I 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 went through to, which to me was very informative.

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 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 good tenants ..  

Magazines that I read are Your Investment Property Magazine as it tells you which areas are preforming well.

Good Luck

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 shoulders

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 grow.

• You must do your research to see if the rent charge is in line with the properties leased in similar conditon to your unit. If it is over than you can take this further to the tenancy tribunal to have the rent reduced.
• Rental Increases are normally reviewed every 6 months however it is now only once a year

• You can take an agent/landlord to tribunal but you have to make sure you have all your paper work in place .. ie photos and even handymans assessment of the condition of the property. Just remember you can not force a Lanldord to renovate but you can ask for repairs to be done.. and if you feel that your rent is higher than current rentals than you can ask for a rent reduction.

• Tree removal depends on council however you can ask for pruning and council may only consider removal if it is damaging property.

 
Good luck