Forum Replies Created
Hi,
You need to check how they calc interest. eg some calc intrest based on lowest monthly amount (I think ING use to do that), others calculate it daily (and you would expect their rate to be slightly lower).I use NAB isaver. Its daily rate.
Mat
Nice to see a balanced view. Nice thread!
You need to actively persue the employers you wish to work for, rather than dropping entries in forums, etc.
You are in WA, its boom time and you have RIO and BHP at your door step. Have you contacted them? Have you checked their websites?
Im sure there are 1000s of smaller companies supporting these big ones. Perth is also in a construction boom….. Go walk up to the sites and ask for work.
Most these guys probably dont read this forum.
Good luck and invest your energy in the right places.
Okays Im from the uneducated school… However I continue to ask myself isnt there something we can all do to soften the blow of the recession?
Think of the HIV ads and the skin cancer ads. They aparently work.
Can't the government create an ad campaign to help us? Im not educated so I dont know the messages for the ad, but surely things like pay cash, not credit, share accom, take the train, etc, etc, etc. It could help???
Mat
It all comes down to risk management. A tenent who has trouble paying rent can set off the alarm bells, however a good person may not be good with money.
How many people do you know are on over $100k with massive credit bills and still live at home or share accomodation? How many people do you know in their 30s and have less then $10k in savings?
Why pick on someone barely scraping in $20kpa and yet can must pay all the bills, food, etc, etc.
If they are a good person AND if you can control the risk of not receiving your rent, why would you not put them in?
I would make a point, all those who have rented from me and trashed my places and not paid me rent are bad people. All can afford to pay and all have the capability to look after the place. Sadly they chose not too (bad screening and valuable lessons learned from me).
Nice story Millie. It appears most landlords must be great considering yours is the only post!
In the 10 years I rented I never had a bad landlord. So I cannot contribute, however, if anyone posts a topic about bad property managers, or bad buildings or bad body corporates. I can site plenty of these!!!!
Hi all,
I must say I still have the same tenant (must be about 18 months now) and not one problem (I may be just lucky). We have also increased the rent.I have a very good PM and I dont see the $1 charge. I dont see anything other than my monthly statement and Qty inspection report. Im guessing my PM is absorbing the $1.
So for me it works.
Mat
Established body corps can become very political and be just as effective as a political party.
You may find the administrators are relatively ok and are acting on the interests of the committee and its the committee you need to work with.
If its a strong and tight committee be careful you dont get on the wrong side of them. They know the rules inside out and can make it hell for you if you dont work with them.
Not saying this is your situation, however I have been exposed this this and saw first hand how brutally an owner, well in their rights, was totally destroyed both morally and financially by the body corporate committee (this is another story).
So you can easily obtain from the administrators a copy of statements, contracts and service levels. You can challenge the administrator to ensure the elevator company live up to their service levels. However I think you will struggle to have a committee recognise their own incompetence.
Good luck and I hope its a simpler matter to resolve.
Oh, in terms of costs. I think a special levy of $600k was raised to replace 3 lifts of a 10 story block (in my example above).
Its got a good vibe (drive through it every day). Overlooks industry which is on the bay. I think there is fear of the leeching of checmicals eventually making into the bay and then you may not be able to swim there anymore. So i'd look for more info around this to be comfortable.
Some of the surrounding suburbs are a bit rough as well (well rougher than the northern ones but not Mac Fields rough!).
Defintately due for reno/development of some upper market appts (most look like 70s/80s unit style living).
Im not a moderator for this forum, but have thought about this a lot. eg a good doctor, dentist, mechanic, etc.
The problem is you are dealing with peoples reputations based on specific, and in most cases, subjective/emotional feedback.
I would assume any site that gets real notice doing this cops 100s of legal attacks every day putting them out of business.
If I did not have this fear of losing my entire lifes wealth I would be tempted to set up such a site!
Hi Everyone,
I believe its healthy to debate these things as it helps novice investors to learn.We just need to ensure there are balanced views and I think this thread has a balanced view…
Im glad I read it. A friend of mine (well most actually growning up in the gong) is Macedonian and is going back this year. Things have certainly changed over there and it will be an interesting country to put on your watch list (for better or worse).
Regards,
Hi toco,
The correct answer: Yes you should get permission on the floor boards as they can make noise for the other tenants.The practical answer: You are in a small complex. Get to know your neighbours. You will figure out quickly who the chairperson of the BC is. Then use your judgement.
We were on the top floor af a 3 story 12 unit complex. We just reno'd it. Put in floor boards as well as knocked out a wall (top floor and was confirmed by engineer was not structural). We even showed the chairperson who said it looked great!
So use your common sense, or follow the law to the letter!
Hi Rich Mum,
And you need to be rich to invest in Sydney!My pick is Chatswood. Its still very safe and has limited unit and house supply. It also has a westfield and the train station has almost completed its expansion with the Chatswood – Epping link. There are other commecial developments such as a new council building and auditorium. I get the feeling Willoughby council has some $$$.
Its a very family and student orientated place.
I decent house is $800k – $1.3M and a decent 2Br Unit is about $500k.
I did a realestate.com search the other week and it returned about 7 or so pages for Chatswood. 5 or so of those pages were new unit releases around the area and only 2 for established houses/units up for sale. Its a tight market.
My other options would be any other of the train line locations between North Syd and up to (and excluding) St Leonards are quite nice as well. I would exclude St Leonards and Artarmin.
There is also a lot of development just on the south side of the CBD but Im not overly familiar with that area (ie Wolli Creek, Green Square and (yes) Redfern).
I hope this helps!
Hello,
This topic has been discussed before. So its best you do a search. However items such as:
1. Drop a note in the letter box
2. Ask the neighbours
3. Maybe post a letter to the address and it may be re-directed…Enjoy searching, Im sure you will find a wealth of other information along the way.
Dont forget your local library is fantastic. They have all the current property mags, books, reference material, etc.
You can spend days in there and learn so much!
Oh they also have internet. A full turnkey solution and all free.
For long term stays usually fresh linnen, etc weekly. For short term stays you may need to have it done daily.
The best thing you could do is book some stays in some big ones like the Medina. And maybe some local advertised ones. You could just call to make a booking and ask all the questions you need. What about breakfast, room service, mid week room makeups, minibar, etc, etc.
This one must be tricky due to no responses. So I have decided I will just contact council and hope for the best.
Corporates generally use studios for:
1. Relocation assistance (usually 1 months accom while individial finds a place to live).
2. International business visitors where they may be around for say a month.
3. Sometimes for regular commuters as its nicer to cook your own toast.Most corporates have a procurement department who go to tender. Larger organisations that offer serviced appartments win these tenders as they can offer many rooms at once in many capital cities.
So I would assume you need to target mid sized australian companies. Accom could be managed in these by HR, Premises services, Exec PA, it all depends you need to call them and ask.
Also companies are more picky and negotiate harder than an individual. You would need to ensure your unit is modern and looks top notch.
My comments are from working for corporates and using these services. Not owning myself.
Regards,
Because Im lazy I would contact a local conveyencer. They could prepare one for you for a fee…
Do a google and you may find some DIY approaches.
Hey just got me thinking, we are always talking about whats the less risky or what is the better performing investment…
What is the most risky, dangerous things that poeple possibly invest/speculate in?
Worst Im thinking people who beleive betting on horses. Or gambling. Then maybe prospecting companies searching for gold, oil? What else are bad ideas we should stay away from???
Change of subject I know…
