Forum Replies Created
Hi SNM
u pm ‘d once. How do I pm Kylie for some more advice?Hi Kylie,
I would like to PM you for some more info and tips, but I cant see how to PM on this site???
Anyone can jump in here – how do I PM?thanks
K/Hi Kylie,
Thanks for your advice.I have now engaged HouseMovers from Wisemans Ferry.
Has anyone had any dealings with them?
So far I have been convinced they know their stuff.I am quite apprehensive about this little “adventure”.
I have heard about people who have done this and it seemed to go OK..But of course there are disaster stories for sure.
I too am very very very worried about the additional costs. am not sure how you go about locking in a price as there are so many tradies and add-ons …. and everyone seems to want to do it their way…
Out of interest where have you moved your houses from and to?
If you have done more than one then there must be a $$$ return or presumably you would not bother again and again.I do worry about the tradies at the other end… once you are at your new location with a house that needs repairs, then they have you over a barrel….
Hi
I used the Sydney mob. (Pymble)
Paid the $500-ish for the financial assessment.
It took 2 hours and the guy was very personable, but I got nothing out of it.
Also you have to fill out forms so they know everything about you before you go, but of course in my case the guy I was supposed to see was replaced at the last moment with someone else who had not read any of my documents and found it difficult to get on top of all my bits and pieces – I never said my finances were straightforward A-B-C – which is why I was trying to get some really good advice from people who seemed to say they could think outside the norm.
So I travelled for 2 hours in horrific Sydney morning traffic, was there 2 hours, paid $500 and wasted my day.To the sound of raucous laughter – guess what has
miraculously
mysteriously
materialised in my mailbox?????????????
You’ll never guess,or you might….
a whole brick-pit of Trust Deeds and documents.
No cover note,
No explanation.No apology (LOL!!!)
anyway,
thanks to all,Lesson-Learned_Move_On Time.
Hi, I am based in NSW,
But they are in Qld.
They came so highly recommended, and I had so little luck finding anyone in NSW**** who knew anything about SMSF buying property – and establishing Trusts and Tax effectiveness that I actually flew up for the day in November to see this woman and her “team”.
By god I would seriously love to name her and her incompetent bunch of loosers, but I dont want to fight a defamation case.
I want:
My paid-for Trust Deeds
I want my tax records and
I want to move on.
I have the ambition to buy one or more properties thru my SMSF and I just want to get on with it.Who can I complain to in Qld to give these people a serious boot up the bum?
***Since November of course I have now found a whole bunch of people in NSW who claim to be able to do my SMSF and Trusts and Tax.
I had actually gone to Chan and Naylor before I got “lucky” and found this Qld mob. After a 2.5hr session the C&N people basically said they could do nothing for me, so that is why I went looking further afield.
In the spirit of being helpful: Avoid LJHooker at Epping, (Sydney).
A few months back I would have enjoyed writing a long tale-of-woe about my experience with this crew.
But I second and third the gripes people’s posts here document.I was actually told “Do you know how many properties we have to manage: We cant possibly check on all of them.”
And then – when I mentioned a repair I had paid for had not been done:
“We rely on the tenants to tell us if there is a problem”
(Me said: I dont pay the tenants, I pay YOU).
Have new agents now, but they are on probation…. The day before the new tenant went in the new agents rang with a long list of items to be rectified. Now this was mid February and the property had been vacant Dec 22 – so why were they getting round to it just the day before the tenant was in?? Most of these items I had already approved their handyman to rectify weeks earlier. But he “didnt have time”.
It seemed fromtheir call the were fully expecting that I would/could leave work, go home (1hr train) get my car, drive the 90mins to IP, and then work to midnight myself doing the repairs and fixes.
Thing is in the 3 weeks the property was vacant ( due to transition from the old “too busy” agent to this new agent which was also right at Christmas), I had wanted to get on with some of these items, but the new agent kept insisting her handyman was a magician and would make it all happen effortlessly…. And it was Christmas and I had 10,000+1 other things to manage I (foolishly) thought paying a PM was a good business approach to my personal time management …anyway…
Thanks Terry,
oh and an even bigger thank you for not suggesting I google…
Hi Tuggerwaugh,
Cant offer anything but “me too” with regard to aggravation with Property Managers.
2009 has been a comedy of errors from the clowns I have at the moment.
One tenant vacated Dec 22 and I took the opportunity to inspect the property and interview a new agent while the existing agent was hovering.
Made no difference – the existing agent was still happy to annoy the crap out of me today!I wish i could find a way to make money doing bugger all!
Nouriel Roubini – Professor of Economics at Yale has ALWAYS said it will be a “W” recovery.
He is no bandwagon rider – he has been at the forefront of the predictions since I have been reading his blog since 2005.In Q1 Q2 2007 the NYTimes lampooned him as a “Dr Doom” has he was predicting a dramatic downturn for 2007. He was describing the US and global economies like the Road Runner who has already run of the cliff and is leg-cycling in mid-air prior to a catastrophic plummet to earth. The idea that the economy would plummet rather than rise like a hot-air balloon was idiotic nonsense according to the NYT and other puppet media.
At year end 2007 the NY Times was lionising him as a Guru and one of the few who had anticipated the Global Financial Crisis.
Roubini is not a pessimist or an optimist – just a realist. He analysis the data and makes judgments on what the numbers and data say.He as ALWAYS said “W” for this GFC Recession, and backs up his claim with pretty convincing evidence.
Google for his blog.What seminar?
when?
Where?Sunday – Sydney (Where) (time)?
If you catch me in the next 15mins Ii might be a goer
Thanks Shane NP and TerryW.
Will follow the links you have offered.Much appreciated.
K
Anyone with 2c worth to add to this??
Anyone with a SMSF Trust Deed? What’s good – what is a must have?
any peals of wisdom from those further along the path?
Would much appreciate some comments
Hi,
I am in Sydney.Ouch.
Reading this last post – I found it unkind, unhelpful, and … unnecessary.businessglobal…. I was sympathetic to read about your unfortunate circumstances and understand why you are more cautious now.
Hi thecrest,
Yes – I myself discovered the damage when I went along for a property inspection just this month.
I had been living out of Syd for a couple of years and had not been inside the property for about 5 years – but paying handsomely for PM.
(I am a “platinum” level landlord, so pay top $$$ in anticipation of top level service !!) (HA!!)
The damage was definitely done during the tenure of this PM. I remain uncertain as it whether it was this lot of vacating tenants or the previous lot, as the PM is unable to confirm when the damage was done. (Why not?????)
Must say, the PM seemed at bit stunned when I took up the offer of attending the property inspection this time. As I say, I had been out of Syd and basically just overloaded with other aspects of my life …. so of course my lack of attention has allowed the PM to get very sloppy… However, you know, when a whole lot of other life-and-death (literally) stuff is happening in life, it is hard to be totally focussed on the IP…. which is why I engaged the PM at the “platinum” level…. )Anyway, thanks for your comments – and SNM – as it gives me a bit more knowledge as I work through this with the PM.
Hi SNM,
Thanks for these list of questions. I will cut and past and email them to my Managing Agent right now!!.
These agents have placed the tenants. I have had these agents about 5-7 years now.I am in NSW northwest Sydney area
Say it was the tenantsbefore this lot that damaged the balcony – their bond presumably has been refunded, so the money is gone?
I have been living out of Syd for about 3 years and I did a property inspection last week and discovered the balcony.
As a result of my inspection the agent wrote to the tenants to clean up the gardens and keep the place clean – so and they have now given notice.So any tips ahead of getting new tenants.
I have been a bit of an “innocent” in the past as a IP owner. Starting to clue up now.
So the agent wants to advertise – what should I be saying to the agent re advertising and conditions for the next lot of tenants?
Hi SNM,
Without blowing a fuse here – the agent is uncertain if it was this or the previous tenants who did the damage.
(What???????)
I know I know I know about changing agents. Thing is – these are the agents AFTER I changed agents previously.
They are on notice and they now have themselves a great property manager who is working hard now to sort all this thru, so I will continue with them for a bit.I own the duplex, so no strata.
I only wanted to exceed the 1m balustrade minimum thinking the height of 1m is about waist level, and people can lean over – then topple.
Why anyone would, I dont know, but then it never occurred to me that anyone would cut a 1m hole in the balcony in the first place.
I cant see WHY anyone would want to do this. So, given the general degree of moronic behaviour already exhibited I just wanted to
ensure that no idiot found a way to fall off the balcony. (Of course if someone really wants to find a way to fall off a balcony, they will).Thanks for the balustrade link.
Thanks Duckster
Appreciate the heads up.
I’d like to come in here and get some clarity, if I can.
I have a $200k loan against my IP. I have $50k IO fixed and $150k variable offset.
I believe I am personally responsible for interest rates going to 9% in 08 – this coincided precisely with me stretched to the max.
I have been throwing money at the loan to get it paid right down. I like a lot of equity in my properties.
I chuck $2k to $4k a month off the loan and now have it reduced to $62k with $80k “available”.
I have about $1k in the offset account.
I am able to move money back and forward between the loan and the offset.
I have never been able to work out whether I am better off throwing money at the “loan” side or keeping the money in the “offset” side.
I did ask the bank, and while they were incredibly helpful and positive – I was neither better informed or any wiser.So am I better off throwing money to reduce the loan ASAP OR keeping the money in the offset?
Like – taking the $80k out of the loan and putting it in the offset, which would then offset $140k?
