Forum Replies Created
Good point Tom, people forget the several other exit fees. Not that simple as Wayne thinks it is.
TheFinanceShop wrote:We have a 7 month old and have no bath tub (its one of those portable ones) and its a nightmare. My wife is now saying we need to build a house because of this. Not a good outcome.You can’t renovate the bathroom?
TheFinanceShop wrote:I would go with a combined Bath and Shower. It is more appealing for families you have young ones.That’s what I’m thinking, would make it easier to rent.
Gazza21 wrote:I have no problem with a bath with a shower over and think it will appeal to more potential tenants now and buyers later.It's also much less plumbing, tiling and grouting (costs!) than two separates.
If anything, Is there room for a bath that gets slightly larger at the shower end without overcrowding the bathroom?
PS I know in WA they tend to only brick in baths before tiling but it's much cleaner, cheaper and far easier to access later if you build a timber framework and fix plywood to it like the one on this page http://www.carpentry-tips-and-tricks.com/making-a-bath-panel.html (and it can still be tiled)
I think a timber frame is much better as you said. Easier to access afterwards.
JacM wrote:I personally would do a separate shower cubicle, and then one of those small square shaped bathtubs. That way people with kids can still put them in the bath but adults can have a normal shower. This all presumes you could still access the bath without reaching over the hand basin to extract said child from bath without doing your back in.Can you manufacture a bit of extra space for the shower by getting rid of the hallway linen closet or something?
Totally agree but unfortunately the manufactured room would come at the expense of a bedroom and that’s small as it is. Scrap the tub?
I think the question should be how much will the banks pass on and how long will it take.
Nigel will you be running one in Melbourne?
That’s my point, they do nothing during the day and work in the evenings!
I don’t understand why agents do such long hours? My local agents sit at the cafe next door coffee in one hand and cigarette in the other. If I ever need to contact them I just phone Gloria jeans.
Have you considered opening up your own real estate agency? Psaila Real estate – The name you can trust!
Media reckons they will drop, Can't see it happening.
The hardest thing i find is dealing with a lazy real estate agent. I should show you the contract of the last IP i bought. The bank manager actually laughed when he saw it. Too lazy to print a new clean copy.
Are you thinking of becoming a buyers agent with all the added features?
i have to agree with shahin. A little bit of ng is good but at the end of the day you dont go to work to lose money.
Now that’s what i call stubborn!
Haha the agent text you? That’s unprofessional! Why don’t people just call these days?
Hi jewel47, which suburbs in melbourne are you looking to buy in?
christianb wrote:Jewel,I wish you all the best with this endeavour.
You have some great advice in there.
I would offer a few points for you to consider:
- Establish a budget and respect the budget – if it can't be done within budget, don't do it.
- Renovating (I reckon) is fun, but keep the emotion out of it, its essentially a large transaction.
- Have a plan for how time and money will be spent. Both are difficult to come by.
- Research what the market wants, it may not be what you like.
- Keep it real. Building is occasionally fraught and requires a sense of humour.
- Respect the trades. A cup of coffee in the morning, or a slab of beer for a job well done will bring good will.
I like the last point. You would be surprised the amount of people who never offer me nothing! Respect goes a long way
PLC wrote:Good to see the witch doctor worked Joe.As JacM said, a good PM who is willing to work for you and go that extra mile is worth their fee.
However don't let them rest on their laurels. Last thing you need now is for the PM to think they have done their job and can sit back and relax. Make sure they do their regular inspections (worst case every 6 months at the beginning) and insist on coming with them during the inspections. That way you can also have a look around making sure things are alright. After say two years if there haven't been any problems and the tenants keep it clean and tidy, you can extend it to once a year. That's what I do.
Cheers
Tom
I agree with you Tom. I think sometimes I let my pm get too comfortable. The initial lease is for 6 months, once they prove themselves I’ll be happy to extend the lease for a year.
JacM wrote:Out of interest Joe, what sort of timeslots was the old PM offering to prospective tenants for the standard open for inspection time? Was it Saturdays, or maybe a silly timeslot on a weekday when nobody can attend anyway, such as Wednesday 3pm when all the prospective tenants are at work?It was always opened on a Saturday morning around 9am. Towards the end they were opening the property 5pm on a Thursday. Not very appealing timeslots.
Scott No Mates wrote:jmsrachel wrote:My new tenants wont know themselves!Amnesia or dementia?
They would probably claim one of the two when they fall behind on rent.