Forum Replies Created
Hi soloinvestor,
Sounds like your solicitor is at fault (negligent?), and may be reluctant to disclose the embarrassing mistake to the sellers solicitor.Maybe he hasn’t heard back from the other party because he hasn’t contacted them yet!
These people take care of complaints against solicitors…..
Suggest you might like to contact ‘The Office Of The Legal Services Commissioner” Ph. 02 9377 1800 (Sydney) or Tollfree outside Sydney 1800 242 958 and explain your problem to them. They are very helpful.
There is also the Professional Standards Department, The Law Society of NSW, Ph 02 9926 0390. FAX: 02 9221 5804
These services are entirely FREE.[thumbsupanim]
If you are in another state I’m sure there would be an equivalent office or department that takes care of complaints about solicitors.
Yes it is worth persuing – Keep the B…….. Honest[grrr]
Apologies for the [grrr] outburst. My solicitor is also definately OFF my Christmas card list!
Regards,Sharon
Hi Snowkiwi,
To add just a little to Dereks reply… I would suggest you grab a copy of ‘A pocket guide to investing in Positive Cash Flow Property’ by Margaret Lomas from your local library. On page 68 there is a section titled ‘Asking the Right Questions’. There are 20 – MUST ASK Questions. Its a great read IMHO, and I’m sure it would help you with your research.
Regards,Sharon
Hi Winzer,
I don’t live in Bendigo, but you might like to start with a visit to your local Council with a list of Questions. They can be very helpful and will let you know what is possible in your circumstances.
Regards,Sharon
Hi Winzer,
There is an interesting chapter regarding trusts, in Margaret Lomas latest book titled: The Truth About Positive Cash Flow Property.
Chapter 6 – To trust or not to trust -structures and strategies. Page 97.
An excellent read IMHO.
Regards, Sharon.Sharon
If you are a handyperson, a coat of paint works wonders and really freshens the place up. Best Value for money for a budget spruce up.
You also might want to consider just replacing the kitchen cupboard doors rather than the whole kitchen.
My rental carpets were in a disasterous state recently, absolutely filthy. But rather than replacing them my PM suggested electrodry and they came up like new.
I agree, best to speak to your PM before spending big bucks.
Regards,Sharon
Hi Solomon,
Here’s how to stop your screen from going black after 1 minute….
Click on ‘Start’.
Double click on ‘Display’
Select the ‘Screen Saver’ tab
Choose a screen saver from the drop down
Adjust ‘Wait ? minutes’ with the up-down arrows to how ever long you want your screen to remain active, then the screen saver will kick in.
Regards,Sharon
Also http://www.realestate.com.au has lots of interesting calculators. Look on the left hand side of the page for ‘real estate calculators’ under RESOURCES AND INFO
Regards,Sharon
Hi Don & Liz…. Cardiff area.
Hi Simon …. I’ll try Global. I used to like Leah Jay PM, but we didn’t get treated very well at all when looking for a flat for my son recently. I must add that all other PM’s we came in contact with were the same. Shame on them!
Regards,Sharon
Hi Jimoan,
You can find more information about the Jenman system at http://www.jenman.com.au
Whilst I have nothing against Neil Jenman personally…
There is a local Jenman R.E. Agent in my area and I will not have anything to do with him.I was looking to purchase a house just before the last federal election. The so called ‘ethical’ agent showed me through the one I picked out as potentially suitable, then when I didn’t make a decision on the spot, he showed me a selection of ‘absolute duds’ which didn’t even come close to my criteria. “That’s all that’s available, everything is selling, you better be in quick or miss out, that’s the one for you, no doubt, better get it quick” He rang the next day and HARRASSED me again. I told him I had decided to wait until after the election. He then said “What good will that do you? ……(More berating)… So you are just going to shoot yourself in the foot are you? That’s smart, you should just buy this one now before the price goes up, that’s my advice but you’re not listening to me”
I said, “No I’m not listening to you” and hung up the phone in disgust.
Regards,Sharon
Hi Robin,
I bought one 3 yrs ago too with similar figures to yours [biggrin] makes me happy too!CF+ are now as scarce as proverbial hens teeth, but some would say not impossible to find with a bit of imagination.
You may need to put in some low offers on suitable properties. Before you put in an offer think about how you can increase the value of the property… painting, new carpet, fences, bathroom, kitchen makeover (new cupboard door/benchtops), garden shed, air-con/heating.
For every $1 you spend, you should be able to increase the value of the property by $4. But my advice would be to keep it simple, keep costs down, try to do most of the work yourself if you are a handyperson.
By doing the above you build instant equity, especially buying below market value. Thats when you make your money – when you buy, not when you sell.
By improving the property at little cost, you can add substantially to the amount of rent you can charge per week.
Its all a matter of doing your homework, but it can work. Alternatively you could just sit it out, it’s only a matter of time before the cycle comes back to CF+ again. 3 yrs, 5yrs, 10 yrs, who knows [blush2]
Hope this helps a bit.
Regards,Sharon
Hi Bacchu,
I have sent you an e-mail with a list of ‘Questions for Property Managers’ which I have used in the past. It works well.
Regards,Sharon
Hi Omachi,
It is possible to paint tiles any colour you like with a special type of ’tile paint’. I am not sure if it is durable enough to use on a floor, but easy enough to find out from your local hardware or paint specialist.
Regards,Sharon
I must agree with Bill Johnson…
If you have finally found a house which meets all your criteria and is ideal for your specific needs (perhaps you plan to run a business from home and it is in a perfect location etc etc) then why would you not put in your best offer, knowing full well that someone else may be after the same property?
Bills words have merit, if it is ideal for your purposes don’t muck around, put in your best offer, or risk loosing out. It’s up to you.
However in other circumstances, you may just be trawling for the best bargain and it matters little if your low offer is accepted or not, just move on to the next potential bargain and make another low offer. Enjoy the game.
IMHO I don’t think you can play the game and expect to have things go your way every time.[blink] You win some, you loose some[blush2]
Regards,Sharon
So true…..just a matter of time.
RegardsSharon
Hi Crashy,
You might want to give these guys a try if one is located near you…www.tendercentre.com
I have picked up heaps of new & second hand building materials from them.
They operate like a silent auction. You view the goods, then put in an offer on what you want on the form provided. If you are the highest bidder – bingo! If your offer is the highest but doesn’t meet the reserve price that the owner has on the goods, then you have first chance to pay the reserve price if you really want it.
They generally have a sale every fortnight, and receive goods for sale inbetween.
Hope this helps,
Regards,Sharon
Hi L & J,
My guess is that you would be a consultant, however you could clarify things by asking the Real Estate Institute in your State or perhaps the Department of Fair Trading might be able to help.
Regards,Sharon
Hi Yack,
Either a roofing specialist or a home improvement company would be able to help. Both do this type of work and have the relevant tradies on hand.
Regards,Sharon
Hi Penfold,
Don’t know much about Pensioner Units, but I think you would need to get to a minimum of 50m2 before the lenders would be interested.
Regards,Sharon
This friend is not a friend, otherwise he would be paying fair market rent. He has no respect for your friendship. Say Goodbye.
Rgards,Sharon
Hi Milly,
Sorry to hear about your situation. Your old property manager is certainly a dud, and you’ve done well to give him/her the flick. Lets hope the new one is a vast improvement.
Just some suggestions/thoughts…Do you really have to sell?
If you must sell, Can you take it off the market and wait til the existing lease ends? Give it a makeover after the tenant has left, find a new tenant and put it back on the market?
Could you ask your new Property Manager to find the old gentleman alternative accomodation prior to the end of the lease. He will probably want to leave early if he knows he must vacate at the end of the lease. (But of course you can’t make him move out early). Start the ball rolling now, as it may take several weeks to move one tenant out and a new one in.
A new tenant may be hard to find with a For Sale sign out the front. It makes tenants nervous because the new owner might want it vacant.
I can understand your reluctance to hassel the old gentleman, but I think your priority must be to look after your investment, followed by your concern for the tenant.
Depending on his age/mobility/health etc, perhaps the old gentleman would be better placed, for his own comfort, in an aged hostel or similar as he may be incontinent (that would account for the strong smell of urine).Hope it works out well for all concerned.
Regards,Sharon
