Love your work Banker, lol.

Mackay, Central Queensland.  Gateway to the Bowen Basin Mining and the beautiful Whitsunday Islands.Does it get much better?

We offer a service similar to that as well , for $500 we advertise, screen and shortlist tenants for client approval, sign up the selected tenant for the lease and then when all finalised hand it back to the landlord to maintain. Its good to see someone else out there is doing it also.

I am still managing my own properties, all with tenants I…[Read more]

Lobster,

the fees you have mentioned are the precise reason I decided to get into Property Management. I was in the same position as you, managed my own property at first but when I purchased multiple properties decided on a Property Manager. I could not believe the fees they were trying to charge for all the little things. The thing that…[Read more]

Lisa,

as the guys above have said it all comes down to how much you and your husband are prepared to do for yourself. If you attended the course you would be fast tracking possibly 6 months worth of work on your behalf learning about research, finance and strategy. So I guess if you are willing to work hard for 6 months on those things you…[Read more]

Moranbah and Dysart are the pick due to their close vicinity to mines in the area.

Moranbah in my opinion is the better of the two, it services the following mines: Goonyella/Riverside, Moranbah North, Peak Downs, Millenium/Poitrel, Carborough Downs, Burton Downs, Isaac Plains, Macarthur Coal, Moorvale. Plus there are new applications for mines…[Read more]

I lived and worked in the Dysart and Moranbah area for years, the best fun you are going to have with your dogs is keeping them clean. They don’t get much rain, so grass in your yard is a premium. Unfortunately the dirt is red and doesn’t mix well with golden retrievers.

I am a PM servicing Mackay and the mining areas, as far as pets go I would…[Read more]

Cheers Duckster.

The Website – I am currently waiting for an upgraded site to be developed for me by another company. My current site is a simple template I have modified which is supplied by the company hosting my site. Unfortunately I know sfa at this point in time about changing the HTML code so that search engines pick up my site. What I…[Read more]

Fair point Sonya, $30 is a little extravagant I have to admit, i fit were more like $15 which is say the cost of tow movie tickets (on cheap night, lol) then it might make the equation a little better. What I definitely want to do is avoid that big stick approach, I am just looking for every possible way to encourage tenants to pay early or on…[Read more]

Thanks Rachel and Mike for the comments. Rachel, that is a big oversight on my part I will get in and update that asap.

Mike, thanks for the link I will check them out, going by your post they seem to be very similar to what I am trying to achieve.

I really want to manouvre away from the big stick approach to property management using the…[Read more]

Great Post D

Don’t waste your valuable time or energy, there is so much more out there.

the Nood,

it all comes down to how much work you are willing to do educate yourself. Don’t rush into it, take a few months, 6 maybe, to read some books, read API, research previous threads on this site, check out realestate.com.au.

If you rush into a property recommended by another company, fair chance they are getting a better deal than you.…[Read more]

If you’re aiming at a higher quality tenant with a higher then average income then you are going to need to finish the development with high quality furnishings to justify the rent you want. This forum is great for free advice but I’m not sure if you will get the right answer. For a development like this it might be worth enlisting the help of…[Read more]

thanks sonyasal, I really appreciate the feedback.  I have been tossing a heap of options around in my head on which way to do some things and the word pro-active always resonates so I think I'm definitely on the right track if landlords are appreciating that style.Most of the negative feedback I have gotten from friends about their PM's is that…[Read more]

Get a couple of property managers to do a rental appraisal on your property. 

Being emotional is fine as long as you are using it to your advantage, like its where you live so you know the area well. As long as you still perform your due diligence and run the numbers I have no doubt you will find a good investment in Cairns.

Most financial advisors highly recommend diversification across your portfolio, I agree with RnP, at the end of the day it does come down to the figures. However one thing you may consider is that if your portfolio is dominated by houses, maybe purchasing a unit is a minor form of diversifying?

Just a thought.

Shane

Scratch Property
http://www.scratch.net.au

I would see what other people have to say. But one thing I would do is change your loan from P&I to Interest only with an offset facility. It gives you the flexibility of having access to the money you pay down on the loan without having to refinance

Shane

Would probably need some more info from the person giving you that advice, but personally I don't see the need to seel the property when you guys could easily access the equity by borrowing against it.Shane

McGunga,trustee is right in what he says, if your property is negatively geared and owned by the trust then you give up any ability to offset the losses against your personal income.  However what you have to weigh up is that eventually this property will be positively geared and if you then decide to transfer it into the trust you will have to…[Read more]