DeanCollins replied to the topic Tenant Notice in the forum General Property 8 years, 11 months ago
lol…nope nobody?
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DeanCollins started the topic Recommendations needed in the forum General Property 8 years, 11 months ago
I’m after recommendations for the following trades that you’ve used on your investment properties in Sydney.
Painter (and if you have a 2br apt…..how much did you pay)
Bathroom renovations (need plumber/tiler/glazer etc someone who can do the whole thing for me unsupervised)
Cleaner – i’ll need a top to bottom cleaner to prep the apartment…[Read more]
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DeanCollins started the topic Reccomendations needed in the forum General Property 8 years, 11 months ago
I’m after recommendations for the following trades that you’ve used on your investment properties in Sydney.
Painter (and if you have a 2br apt…..how much did you pay)
Bathroom renovations (need plumber/tiler/glazer etc someone who can do the whole thing for me unsupervised)
Cleaner – i’ll need a top to bottom cleaner to prep the apartment…[Read more]
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DeanCollins replied to the topic Mistakes you've made in the forum General Property 8 years, 11 months ago
Agree @Johnnyk when I look back on money wasted on cars etc.thinking that could be an income producing house etc it kills me…..
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DeanCollins replied to the topic Lenders tighten serviceability screws again in the forum Finance 8 years, 11 months ago
How does the “Living Allowance scale” work?
Shouldn’t people who have little personal ‘non investment debt’ (eg scrimpers like me who invest a lot of post tax earnings) be judged on actual debt and not “ordinary disposable debt based on total salary” norms?
Reconfiguring it so that loans are P+I @7.25% is fine (and probably prudent considering…[Read more]
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DeanCollins replied to the topic Rental Management Fees in the forum Help Needed! 8 years, 11 months ago
Paying 5% in Sydney +gst. Based on posts I’ve seen in the forum this is the norm for Sydney, regional areas etc charge a percent or two higher.
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DeanCollins started the topic Tenant Notice in the forum General Property 8 years, 11 months ago
lol you know how you hear of property investors going…..screw it all I’m going to sell and put the lot into shares where I don’t have the headaches…..lol had one of those days today.
Can anyone tell me if the advice I’m getting from my property manager is correct under NSW tenancy laws?
Summary of facts;
We have a small 2br investment…[Read more] -
DeanCollins started the topic Tenant Notice in the forum General Property 8 years, 11 months ago
lol you know how you hear of property investors going…..screw it all I’m going to sell and put the lot into shares where I don’t have the headaches…..lol had one of those days today.
Can anyone tell me if the advice I’m getting from my property manager is correct under NSW tenancy laws?
Summary of facts;
We have a small 2br investment…[Read more] -
DeanCollins replied to the topic Licensing may be required for repair work to rental properties by owner in the forum Legal & Accounting 8 years, 11 months ago
Agree @Benny this is ridiculous
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DeanCollins replied to the topic Changing times for a first timer in the forum General Property 8 years, 12 months ago
@Barlow – http://www.blog.residex.com.au.tmp.anchor.net.au/wp-content/uploads/2015/11/Table_1_October_Statistics_Summary.jpg
Sydney 7.06% and 6.32% for the last 10 years……
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DeanCollins started the topic thumbs up/down disappeared in the forum Site Problems / Feedback 8 years, 12 months ago
just noticed these are no longer visible….didn’t notice until when I went to thumbs up someones post :)
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DeanCollins started the topic thumbs up/down dissapeared in the forum Site Problems / Feedback 8 years, 12 months ago
just noticed these are no longer visible….didn’t notice until when I went to thumbs up someones post :)
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DeanCollins started the topic Third Party Fines now $225k :) in the forum General Property 8 years, 12 months ago
Will be interesting to see who is the first “third party” caught under the new rules that apply from today for foreigners buying existing property in Australia.
eg $225k fine for any real estate agent, property manager, solicitor etc who help a foreign national buy existing property in Australia…..could be a bit of a money spinner for 2015/16…[Read more]
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DeanCollins started the topic 2nd hand smoke in the forum General Property 9 years ago
Well this is bullshit – http://www.smh.com.au/nsw/sydney-landlord-ordered-to-pay-11000-to-tenant-because-of-chainsmoking-neighbour-20151122-gl5b4p.html.html
I wonder if the $11k is going to be covered by landlord insurance…..
As long as the landlord made reasonable efforts I don’t see how they could be held responsible…at best the tenant…[Read more]
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DeanCollins replied to the topic Rental Management Fees in the forum General Property 9 years ago
why? 5.5% inc gst is plenty. You only need a book of 175-200 properties in order to be delivery revenue for a FTSE inc overheads etc, this means on average you are spending over 1 day per year on the property.
That’s plenty if you have your processes set up and running efficiently.
Charging more property management fees isn’t going to…[Read more]
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DeanCollins replied to the topic Rental Management Fees in the forum General Property 9 years ago
uhm those percents add up over a few properties. you wouldn’t suggest not bothering to haggle over interest rates as you wont be holding the mortgage for the entire life of the loan.
yes a good pm who maintains 100% occupancy and gets good tenants/good repair people at reasonable costs are important…..but saying 5% and 7% doesn’t matter as its…[Read more]
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DeanCollins replied to the topic Rental Management Fees in the forum General Property 9 years ago
1 weeks rental for finding the tenant
5% for collecting the rent (eg 5.5% with gst)They often try and tack on things like advertising fees + account fees + annual statements etc (doesn’t cost them anything so negotiate out if desirable property or bringing more than 1 IP)
negotiate, negotiate, negotiate……everything helps your bottom line.
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DeanCollins replied to the topic Where is the best place to store your title deed/certificate of title? in the forum Help Needed! 9 years ago
Do you have a scanned digital copy you can email to yourself? eg as a backup?
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DeanCollins started the topic Carlton NSW 3.5% ROI in the forum General Property 9 years ago
Eeek, just saw this
$510pw 3br, renovated
– http://www.domain.com.au/carlton-nsw-2218-10180318?haid=2596869&utm_source=domain&utm_medium=email&utm_campaign=newhomealertSold in July 2015 for $750k
– http://www.realestate.com.au/property-apartment-nsw-carlton-120176901this equals a 3.53% ROI before expenses and before interest (eg probably only…[Read more]
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DeanCollins started the topic Carlton NSW 3.5% ROI in the forum General Property 9 years ago
Eeek, just saw this
$510pw 3br, renovated
– http://www.domain.com.au/carlton-nsw-2218-10180318?haid=2596869&utm_source=domain&utm_medium=email&utm_campaign=newhomealertSold in July 2015 for $750k
– http://www.realestate.com.au/property-apartment-nsw-carlton-120176901this equals a 3.53% ROI before expenses and before interest (eg probably only…[Read more]
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