No problems, folks :o) I have no isse with anyone disagreeing with me- it happens often :o)

kay henry

Matt,

Not sure the vendor would go for that. If you buy a place untenanted, I think it’s the new buyer’s problem.

Ko, I bought a place recently, that had no tenant, because the vendor wanted to be able to sell to an investor or an owner occupier, and not limit her options. As soon as I said I was an investor, she got in a tenant- good for her before settlement, and good for me after settlement.

If the places in Mt Isa have no tenant, you might wonder why… are the places “tenantable”? Mt Isa is a place that has been mentioned as having one of the biggest rental yields in Australia:

http://finance.news.com.au/common/story_page/0,4057,10319145%255E14302,00.html

…however, if you have no tenant, then you have zero rental yield. Check out the rental history of the IP, and ask a RE agent (not the one who is selling to you) to do a rental assessment on it.

I like to buy IP’s with a tenant in place. With some IP’s, tenant demand is so strong that they have a waiting list for particular properties… but it’s a bit rare and not something to count on. Tenants are the cornerstone of IP’s, so a tenant in place can be fantastic, but as Derek alluded to, a [mad] one can mess everything up for you.

kay henry

Desk Top,

Check out if you can opt out of the agreement with the chain and rent privately (although you’ll probably find then, that the rental yield might be lower and you’ll have to pay outgoings). Basically, you’ll be buying a motel room in the deal… although some of these serviced apartments are now 1 and 2-bedroom units, so you’re actually buying a “proper” apartment.

Look at the Annual Reports for the past decade of the Company that is running it, and who trheir clients are- as in, are they working in conjunction with a University etc… You can even check out the Council/Senate papers of the University to check the agreement (although thayt might be Commercial in Confidence and not accessible to you).

If it stacks up, and your solicitor thinks it’s ok… then I would consider it. Really depends on the unit itself- really, a 2-bedder might be worthwhile, whereas an 18 square metre hotel room could be a killer.

If ALL outgoings are paid for you… well, it may be a very low maintenance asset.

kay henry

Oh, a cult has moved to Hamilton- the Happy Clappers- hehe- too funny )

I always remembered Mildura as another country town. You’d have to buy cheaply there to make it worhwhile, I’d reckon. It will never have the reputation that coastal areas or capital cities do.

kay henry

hehe redwing That reminds me a little of the anecdote that if Karen Carpenter had have eaten the ham sandwich Momma Cass ate, both would still be alive today. Mine’s a bit (a lot) tackier than yours, but so am I :o)

kay henry

Dunno Barnesey, but perhaps a hero or heroine is someone other people look up to. Perhaps many people see running and jumping to be as much of a skill as bravery is.

Probably in the days when there were no drugs in sport (or no testing of them), then people’s skills of strength showed they had some “character” or something (I am thinking in the days of hte old grecian olympics). Bull fighters become heroes too, although to me, it seems like the matador has coniderable advantage with those swords they stab the bull with.

It depends on what society values.

kay henry

hehe. Monopoly, you have completely missed the point. You could have left the original post there- I didn’t see it as unkind. Your second post still doesn’t see the point I was making, but it’s ok. My “membership” as a “doormat” is funny. [biggrin]

kay henry

Sonja :o) No problems at all. And you’re entitled to express your views strongly. It’s funny… because the word “doormat” is a theme in another community I am a part of. Some people make choices to do certain things, which other people see as a lack of strength, or something. Whereas I see these people as having the utmost strength. They’re making a choice to surrender. So I guess I thought I’d just wade into the notion of it, and make some comments.

Thanks Sonja )

kay henry

hehe Gatsby- cute :o) I like Geoffrey Rush- he’s one of the activists about the FTA- not sure about Steve Vizard though, although he has managed to keep himself out of trouble and out of the limelight. Didn’t he have something to do with Rene Rivkin? You gonna show me some culture when you come to sydney?

kay henry

Goow will often doesn’t turn out well. There are examples of injustice being perpetrated on people all the time. We just make choices.

I mean, let’s put things in perspective… Jesus was a good guy and he got crucified- literally. But do you think if he had his time over, or he was on this Board, he’d do it differently?

I don’t see much point in using other people’s poor reactions to our actions, as an excuse for us changing the way we choose to do things. If I try to do the right thing, and then someone does the wrong thing back, and I think “no more mr nice kay henry”, or I do something nice/good/whatever, and I get an outcome I’m happy with, so I keep doing that… I mean, I think we just develop a plan for the way we want to be, and stick to it. Our behaviour can’t be based either solely on others’ ill-will or good will.

I think consistency develops trust. The problem with property, is that it’s often not an ongoing relationship- tenants move in and out, property managers can change etc etc. But if you look at the workplace, or families, or friendship, consistency is hugely valued, and instils the trust of others.

kay henry