Ive done student accom and still do. There is a lot more management required and all the students seem OK at the interview. You need written rules and a lot of inspections. You need to be tough but gentle and sometime you need to be an arbitrator and student councillor. If you get a good cleaner they can be a great source of intelligence. A “site manager” sounds great but many being students themselves do not have the experiance, desire, personality or motivation to alientate themselves by “comming down” on misbehaving housemates. We do our own cleaning and hence our own regular supervision. Lot of work but good returns. Definitely this is not for everyone.

Take a huge bite and chew like mad.

I’ve followed this thread with great interest. I think it is fair to say that Michael is offering more than just “live off equity” advice. I have been very tempted to attend Michael’s workshop myself but I have had some health issues and am not quite in a position to do much at the moment. I have “paid” large amounts for advice previously and I think that sometimes you need to charge something, just to qualify your participants. I believe that “no cost = no value” in many people’s minds. I think Michael is just offering a service which you can take or leave. If you are really serious about your own future and have belief in yourself, then if you can’t make “the $3000+ fees” and recoup your “education costs” then I don’t think investment might be for you. As always check first what you will be getting for your money and if you already know the stuff don’t purchase.
This is all just MOHO, I’m not interested in having an ongoing arguement for or against “paid education”
I got ripped off when I was quite young. My Dad just said “Son, not all lessons in life are free” My Dad has a very comfortable life from his investment properties.

Take a huge bite and chew like mad.

Hi
As far as I know shared housing, rooming houses, boarding houses and hostels are all a bit different. We have a shared accomodation to avoid some of the regulations concerning boarding houses etc. There is a booklet regarding boarding housing but I can’t locate it at the moment.
Pat

Take a huge bite and chew like mad.

Thanks everyone
for the quick replies. Yesterday was my first day on the forums (being a holiday I had some time).
I have looked at a few areas before going into Frankston. I think being a coastal city with increasing infrastucture is the main growth driver. As the area increases in value I think the lower soci-economic groups may move to Dandenong or Narre Warren type area because there is work, there is transport, there are facilities. Coastal areas in general are experiencing a bit of a surge. Carrum Downs and the new harbour project etc has pushed that area out of the price range for a lot of ppl. Seaford has seem some good price increase, I think it is a natural for Frankston to follow. It is only due to health issues that I can’t pursue my strategy at Frankston.

Take a huge bite and chew like mad.

Hi Jo,
I am very interested in the Frankston Heights area. I bought a couple of blocks for development but due to some medical issues could not proceed. The original plan was to renovate and hold. I now need to offload as I can’t fund the repayments any longer due to the medicals. I have thought of redeveloping with 6 units, but don’t know how to do or fund this. I am now looking at dual occ on the three sites.
I had a look at the links that you posted and note that Frankston Heights area is expected to have a -ve population growth. With the hospital, Uni, and the new bulky goods development, why is this?
Any comments would be helpful or you can email me on [email protected]

Thanks evryone
Pat