Has your pm served notice of breach of lease for unapproved work? Why not?

The unauthorized works ie Fitout, 3 phase, additional lighting etc have any of these works been approved or could the tenant have assumed approval due to you/your pm not telling the tenant to cease? Did the tenant have to install a 3 phase meter & board? Were these…[Read more]

which area?

In order to become a BA you will need a degree in property economics or a Cert IV in real estate and hold an unrestricted real estate licence.

@sydney wrote:
thanks IP Freely. I will look around for buying agent. Do you where should I start?

Google Buyers Agent Brisbane but there are some who work the forums or seek recommendations.

As long as you have had your solicitor review the contract, prior to submitting your offer, are ready to have/had building & pest inspection & have finance inevitable the bag, and being prepared to walk within your cooling off period.

there was an interesting article in the Eureka Report prepared with input from Moodys. It was showing areas with greater mortgage stress & arrears.

It was also alluding to further drops in property prices.

I’d suggest Ciampa & Associates at West Ryde even though he’s not on the n beaches.

If you are going to alter your drainage by installing a floor waste , new basin, wc pan or plumbing with a cistern, showerhead etc then you may be affecting common property. What if: the drainage is inadequate for the extra fixtures? Or triggers BCA compliance issues for the remaining building?

You may need to read the Act rather than a leaflet…[Read more]

Coalstar, granting access is often a big enough hurdle & very unlikely if it is owner occupied.

The agent is working for the vendor & in the vendor’s interest, additional work makes it just too hard for the agent. The selling agent is generally not the property manager, so they won’t get the comms.

The vendor doesn’t care how long it takes for…[Read more]

A seller would be more likely to agree to allow access for leasing but would not agree to a clause allowing settlement to be delayed indefinitely as you can’t find a suitable tenant or one at a high rent.

Derek, I think that’s why we have lawyers – to review contracts before the fact & to get clients out of the mire after they have signed.

It is not council’s opinion Sez, it is required under the dividing fences act, usually goes to mediation first to avoid court process.

Google ‘valuers’ & find one in reasonable proximity, should be able to get one for less than $1k. Remember, they have to go to site so there is no point getting someone from 2 hours away.

Shire valuations are statistically analysed valuations for the purpose of ratings calculations & will be of little use. Prices asked bear no resemblance to…[Read more]

Fire damage – If there is sufficient damage to cause doubt, go to the engineer. You are looking at two separate issues here & may need an engineer to certify the footings of the veranda when it comes to the approval.

You may end up engaging both.

Hi bianca, I hear your message – you’re looking for security, capital growth over the long term, few investment worries etc & not necessarily buying 2 or 3 more over time.

You may consider buying in an area that you know eg say off Chapel St or around Richmond or the inner suburbs.

As a long term hold a new/newer property will require less…[Read more]

Where? It might sound like a stupid question but a builder in Mentone may not want a project in Chinchilla.

Ian, although your comment ‘1 property’ was a bit tongue in cheek, would you pay more for a decent PM or one who was only handling say 50 properties not the 150+? How many properties does it take to get say a $3m rent roll which at full comms is slim on margins for the agency?

Does quality property mgmnt come at a cost/price? Should it be…[Read more]

Do they have a cart to push?

I hear your point Mrs C – can I ask if the IP’s are in a small town (may be a bit of an explanation for the closeness but possible laziness of the pm if it’s not a small town). Have the selected tenants been a bad call by the agency? Familiarity can be a good or a bad thing – it may allow vigilance to drop or allow you to secure a tenant earlier…[Read more]

fword, if you’re having to chase the pm & the wheels fall off in their absence, what sort of obsolescence is there in the agency? It makes me wonder how long it would take the pm or the temp to realise the rent wasn’t received & a call to the tenant was in order, surely not two weeks. What would happen if it was end of month?