One of the biggest differences if you decide to sell of all your product is you do not need to deal with tenants….for some that can be a very large advantage…instead you’ve got fussy (or discerning if you are high brow) buyers to deal with.

I think dealing with councils is more involving, and constantly struggling with scheduling of…[Read more]

Do you need to get one of those really snazzy hairstyles like the big Don has to graduate ??

Or even better…does it allow you to meet the daughter Ivanka…grrrrr.

WASP,

For painting in Perth, we use A1 Finishing – Chris Richards, 0414 865 842. He’s very normal, does a good job and actually has a think about the job to save you dollars…i.e. he puts on your hat to look at the job.

For carpeting RIP’s, we use Carpet Choice in Ozzy Park – Kevin Sutcliffe, 0438 244 438.

If you are prepared to pay a bit…[Read more]

Last week I would have answered this definitely manage it yourself….but this week, having palmed off our block of 6 sheds to a PM I would now say it depends on the prop and your personal circumstances.

The things they eventually swayed me over the top were :

1. The PM is extremely dominant in the area and has probably 85% of the entire…[Read more]

800% bumps it up to a massive 10.95% over 20 years….not that much different really.

That’s about 11%, which is what good property does over the long haul….as we’d all expect.

Hellman,

Sorry to be pedantic…but a 700% rise in 20 years is actually only 10.2% p.a. compounded.

If it was 35% p.a., it would have gone up 404 times….OK ??

[dunce][dunce] Whaddayamean ??? [ears][ears][freak][freak][inquisitive][inquisitive]

I thought I got the job ‘cos I was dwarf throwing champion 3 years running back in the bad ol’ days of Kalgoorlie skimpy bar competitions ??

Are you supposed to actually know something to do this carry on ??

anyone know the reason it was found to be unjust?

Xenia,

It appears from reading the text that the Senior member of the tribunal found it unjust that the nominal rent from the property was $ 215 p.w., and yet the wrappers were extracting $ 1,700 p.c.m. or thereabouts for the prop…with no prospect of ownership of title, even if the applicant…[Read more]

hi gross,

It’s a bit like “Simon says” at the front of this post….you simply aren’t good looking enough mate.

Once you get to a certain “pretty” level, Steve and Brent give you a blue colour and you can be listed on the left hand column that shows who’s online. I fear that with the amount of work done around your head and shoulders with the…[Read more]

I saw at the back of Saturday’s West, that rents in Perth have jumped for 3×1 homes in Perth by 9.7% for the last year.

Which ressy Landlord’s have the gumption to jack up rents by 10% and reckon they’ll be able to keep their tenants ??

Hiya Dreamer,

I am very impressed with the 1100% gain.

I am not impressed at all with the $11K gross profit.

Re-affirms my long held belief that this real estate game is simply a game where big gross $ numbers and the scale of your operation over rides everything else.

Noel Whittaker once said in his books “If you can consistently perform at…[Read more]

Despite living in Perth where we don’t feel down or negative at all over the property performance, the wife and I have decided to tart up the PPoR.

In fact we had a wee chat with an architect today about what to do out the back to zizz it up a bit. Man, those guys are out of the box when it comes to ideas aren’t they ??

We concentrated on three…[Read more]

No worries Phil,

I’ve seen some of your material and your general level of posting and are impressed with your accomplishments and knowledge.

I think you’d probably be a welcome addition to any property discussion night.

I also believe those areas you highlight re: teens and their financial awareness are well made, although I fear against the…[Read more]

Phil,

I fail to understand why you were invited to attend / speak to this group ?? If their intention to set up a group was to avoid male guru’s who they supposedly ‘feel’ they generally distrust, why are you in amongst the mix ??

Or is Phil short for Phillis or something.

I can just imagine how long a Men Only club would last for before some…[Read more]

Ajax…love that word “possible”…I presume from that the rental is actually $ 0 p.w., not $ 130 p.w.

Jenny,

You want to provide your tenants with new carpets and paint (increasing your expenses) and for them receiving this you wish to lower the rent (lowering your revenue) to a tenant who has just signed up a 12 month lease given the original conditions ???

I thought the general premise of business was to lower your costs and increase your…[Read more]

I think agent batting for the wrong side

That may be so…but really…the sexual orientation of the agent should not enter into the discussion…[biggrin]

Back on topic – Jenny who is running the show…you or the agent ?? If you are confident of your research and know for a fact that the place may command a higher rent, it is encumbent upon…[Read more]

I believe it depends on the quality of the income stream.

I’ve seen big banks take a variety ;

1. 60% for residential tenants on a rolling monthly lease in a pretty dodgy suburb.
2. 80% for residential tenants on a fixed term 2 year lease in a top flight well to do suburb.
3. 100% for a national company locked into a fixed 5 year industrial…[Read more]

Just lump all of your concerns into a Due Diligence clause and walk away if it doesn’t come off.

I generally find they are either ;

(a) Wearing sunglasses if it’s hot
(b) Wearing a trench coat if it’s cold
(c) Or sometimes the really tricky auctioneers pull the dummy bids from the nearest tree, or if inside, from the back curtain.

I’ve attended many, but neither bought nor sold at auction and probably never would…don’t like the tactics…[Read more]