Hi Elisey,

Can you put the link up? Plenty of perfectly good houses have been ruined by a poor description or really bad photos.

What's your target market? What do they want? Does your property have these things? Is your agent proactively speaking to people when they phone up, or come in?

Good luck

D

Scott, I'll help you with offloading some of that heavy, heavy cash….I can even take gold bars, look, I will if you need me to.

That acreage with a really huge hedge. I really want a big ass hedge and someone else to cut if for me, so I can look at it everyday and go, wow liking that hedge!

Being a millionaire (50 mill for me please) is really about the freedom. If you wake up, you can think, 'hey today, you know what, I wanna feed a bunch of people, just for fun'. Or "hey, I haven't done 260km around my racetrack today, I think I'll do that today.' Or maybe I can see how much plastic dollars I can fling out a low flying plane window this week. Take your kids to the Kimberly for the week…. you name it.

It's about ideas you can have everyday and with that cha-ching you can do, instead of wish.

I like this thread. Every time  I get a message I think, hey yeah, remember all the things you can do when you get paid.

D

Even better Jamie!

D

Oversupply? Limited capacity for growth in both rent and resale price?

I think you have answered some of your own questions…… "There are a number of these units for sale" …….. says something. If you wouldn't buy it as a first home buyer then the resale market is smaller, only investors.

You still have to think of your exit at the same time as your buy in.

JacM – point.

D

LOl@ Scott

Great thread.

If I were a Billionaire (I'm not going to aim for small thank you) I'd give away some 'stuff' cars, houses money, buy both sets of parents houses and lives so they can hang out with the grand kids.

I'd also buy a couple hundred acres just for me and a lambo for my other half. Very greedy huh!

Personally I'm aiming for $50 mill cash and assets. I'll post on here when I get there

D

I'd contact the tenant, explaining that you will be there to collect the keys today at 7pm (for example) explain to her that there will be workmen turning up at 6am Wed and you with them to begin routine maintenance (less info for the tenant is better) don't engage with the tenant, argue or get involved in anyway. Remain calm, take a deep breath and explain calmly that you will be there at x time and that she should meet you there.

I'd also explain that since she has stayed an extra day you now expect an extra days rent which she can credit to your account (or pay whichever way she used to pay).

The idea is not to confront or argue or buy into any issues she has. They are not your issues, this is your property and your business and you should treat it as such.

If the carpet is not cleaned you need to work out which is better for you, her staying an extra day and cleaning the carpets or her leaving asap. You will not be able to have it both ways. The inspection has now been delayed and she will push it as much as she can now.

Either that or you can adopt the 'wait and see' method. I don't personally go for that method……….

Good Luck.

Hi RZ,

Why these two?

We rented a house from Marshall White Armadale……..as a tenant they were fine, they came and did a cursory inspection. We were renting a development site, which they had no idea about until we have a visit from the council planner a couple months into our 12 mth tenancy.

I haven't worked with Jellis Craig.

I would look to working with some of the smaller agencies as well, we have worked with Garvey and CO in Camberwell and found them excellent. Their excellent property manager Judi Crowe moved on recently and I think she is now working for Karen Gornalle  http://www.karengornalle.com.au

Garvey wouldn't tell me where she went but I'd have a chat to both of these as well as considering the bigger agencies, I think a lot of the pain of managing property is negated by having the best person for the job and someone who doesn't hesitate to call you when issues arise. Being on a first name, I know you by face, etc basis will make the rental property run as smoothly as it should.

Good luck, there are plenty of managers to choose from, interview a few, and don't hesitate to change management if you are unhappy.

D

Hey while we are requesting things that may not happen……can we get a like button too! haha. Jamie I like your post. Just not the same……

D

Catalyst, Would you like to buy my tickets? I've got two, make me an offer

Cheers

D