Hi Dr MarkieFrom the financial gain perspective, perhaps you should run all those scenarios by your personal financial expert while also considering your exit strategy.Will you be staying there until you retire ?Will your practice grow and include more medicos ? In the future, can you on-sell the practice or lease or freehold to another…[Read more]

Hi Kevroy99

Decisions and assumptions to make first.

I can make comments about motel investment  but not holiday units because I don't have experience there.

Since country leaseholds are a higher return, decide if you want to live away from the coastal fringe.

Brokers say buy  "coast for show, inland for dough", comparison will show it's true…[Read more]

Hi Kevroy99

Decisions and assumptions to make first.

I can make comments about motel investment  but not holiday units because I don't have experience there.

Since country leaseholds are a higher return, decide if you want to live away from the coastal fringe.

Brokers say buy  "coast for show, inland for dough", comparison will show it's true…[Read more]

Hi Kevroy99Decisions and assumptions to make first.I can make comments about motel investment  but not holiday units because I don't have experience there.Since country leaseholds are a higher return, decide if you want to live away from the coastal fringe.Brokers say buy  "coast for show, inland for dough", comparison will show it's true.Low equi…[Read more]

Hi JBJSuggestions only, make your own decisions.Don't despair entirely.You've gained some priceless benefits from this experience.REA has breached the agreement so you are entitled to move to another one immediately.You now know the 3 most important tasks for a PM are tenant selection, tenant selection tenant selection.TICA is excellent and you c…[Read more]

Hi JaffasoftEchuca is a strong motel town, strategically placed for through traffic plus it has a strong tourism economy, so it's a through town and a destination town in motel terms.To guesstimate the income I need to make some provisos. So, IF the $1m motel is a freehold in reasonable condition say 3 1/2 stars running strong around 60-65% o…[Read more]

Basics tell me that all other things being equal, if you  : Add stimulus – something is stimulated. Remove stimulus – something slows down.Assuming nothing is happening fast in our slow moving economy and this continues throughout the rest of 2009, then the most significant and predictable event will be the halving of the FHOG. So if all the other…[Read more]

It might help to request copies of the inbound condition report for this tenant, and any subsequent periodic inspections.If the missing part of the railing is not mentioned in the inbound condition report by either party as existing damage at that time,  then you can ask the PM to demand repair from the current tenant –  provided that t…[Read more]

Tony Zoro. Hi – thanks for asking. Yes I do have a motel on the market but I'm also looking for a leasehold one to buy. I understand that directly marketing your own property on this website is frowned upon so I hesitate to do that.As a motel owner and operator and seller and buyer, I am interested in the area of motel investment and hence this…[Read more]

Keep visiting  brokers and tabling  your situation and requirements with them until you come home with a good plan that you and your accountant approve of.Cheersthecrest 

The agent wants to do a deal,  and usually doesn't care if it's at $210K or $230K as the difference in commission is small.You could ask the agent to reduce their commission by $1K and you'll match it, thereby offering the vendor $2K.  At least it's something for the agent to take to the vendor to keep the dialogue open, which is essential for a…[Read more]

According to your post, you discovered the damage yourself. Not very reassuring is it.If the damage was done during the period of the previous PM and previous tenants, your opportunity to recoup the repair cost is gone unless you like long court cases with long odds.If the damage was done during the period of the current  PM, they must act to r…[Read more]

Good luck with your ventures,  Cheersthecrest

Aaaahhh, the salt of the earth eh,  Book Salesmen / publicists and REA's.Nah, very few cynics out here, but you can tell where they live    coz their front doorknockers are removed and they have unlisted numbers.   Cheersthecrest

Wouldn't  expect any takers at 7% unless it was an undertaker tenant on a 99 year lease.That low rate applies to a national brand tenant on a long lease with strongreasons to stay, rather than a factory builder with nearby spare vacant factories and a pressing LVR bank issue.Perhaps you could look for a local who needs to expand.Good luck…[Read more]

Over the last 5 years some commercial property has been marketed in our local area.It's become a frequent pattern that a tenanted property goes on the market with around 12 months or less remaining on the lease.It's marketed with " a good tenant in place" who pays all outgoings etc.Funny how so many of them are vacated by the tenant when the lease…[Read more]

Hi TrevorWhere is the motel ?Cheersthecrest

Hi TrevorPM me pls I want to discuss your motel lease and commercial finance.I own a motel too.Cheersthecrest

Property manager is already paid to do 3-4 internal property inspections per year, so while in the premises, why not test and replace those items while there. $99 ? Struth, that's $100 and get real –  it's a rip off. Don't be afraid to call it what it is.Cheersthecrest

Usually if it quacks like a duck and looks like a duck . . . .Cheersthecrest