Hi gbang007 
welcome to the Forum from me as just one of the forumites.
what's the current market like for a commercial valuer in Brisbane ?
Do you specialise ? Do any motels ? 
Cheers
thecrest

This post is very helpful, thanks to all, would you mind updating those rates for January 2014 ?
Much appreciated
Cheers
thecrest

Like " location location location" , in Property Management it's "Tenant Vetting" followed by knowledge of PM best practices.
Suggest you search the Forum and read all the warnings and "how to" postings about self management.
Perhaps a good PM for your first property would be like insurance.

Good luck
cheers
thecrest

Hi vagirl2012.
Good on you, keep the dream alive, happy to help anytime and I keep pinching myself as my own dreams materialise.
It's such a buzz planning one and making it happen. 
All the books are right on the money, like Rich Dad Poor Dad, Think & Grow Rich, all the book lists are on this Forum in various posts.
The power of a dream hitched to…[Read more]

(RTA) Residential Tenancies Act is State legislation which governs residential tenancy matters in NSW, not commercial tenancy matters.
http://www.legislation.nsw.gov.au/maintop/view/inforce/act+42+2010+cd+0+N
It's enforceable and is a guide to how landlords, tenants and Real Estate Agents should conduct themselves. Hmmm.…[Read more]

Check what use of the property is permitted under the zoning. How long a lease are you after ?
Cheers
thecrest

Hi Paulnmarn
Congrats on finding one you like. Chef skills will make a big difference, especially with breakfasts, not to mention dinners.
Few B & B motels apply chef level skills to breakfast so you can become a legend in that area.
I often cook the breakfasts at our motel in Wagga, they turn out ok but they never look like a chef's effort.…[Read more]

Hi  To All Forum Members.

With the kind permission of the Administrators/Moderators here’s my coming out post.
Family, friends, contacts and acquaintances in the hospitality industry have been suggesting for a long time that I should take up the profession of motel broking, so I have.

As a result, Statewide Motel Brokers has been launched as our…[Read more]

Hi Peter.
Welcome to the forum from me as just one of the many forumites.
You've certainly asked a lot on a first post.
There has been a lot of info posted on this forum now about motel investment so I suggest you read all you can and you should find many of your answers there already.
You need to know how much you can spend before anything else,…[Read more]

Hi Coldeskimo.
Sorry to be adding something so long afterwards, just found this question.
Obviously one for a good accountant. ATO may watch activity in this area carefully so best to get it right.
Cheers
thecrest

Hi Freckle.
I'm not an economist or an accountant or an investment advisor that's for sure.
True that currencies are manipulated and there may be a global currency in the future, certainly the Euro spread to some degree.
However, I'd like to regard something internationally and universally recognised as being of saleable or tradeable value as…[Read more]

As always, any "goldrush" is all about the timing, get it wrong and you're reduced to living in a tent in the Klondike.
For that reason we have avoided buying motel(s) along the NSW coalseam.
Prefer to buy in areas where there are diversified and sustainable reasons for the investment to continue to provide a reliable…[Read more]

A valid currency is guaranteed by a stable sustainable Govt which owns and controls the matching committed resources to back the paper or coin or bits.
Why would you buy anything less or trade for it ?
In my opinion, Bitcoin is smoke, like a Ponzi scheme.
Cheers
thecrest

Someone owes you money. It's either your old friend or the REA. The Tribunal will work it out. You can also request that the Tribunal recognise you as a tenant with or without mention on the lease. Your friend should have a copy of the rent record so you can assess arrears if any.
Cheers
thecrest 

Many moteliers are reporting surges in turnover last few weeks so expect P & Ls to show an unseasonal surge for this time of the year .
Finance at an all time low cost, banks keen for solid investment, record profits as usual, plenty of good motels on the market at the moment, should be a good time for motel investors. Hope you're all doing well.…[Read more]

We received quotes from 4 valuers almost 2 years ago to value a  22 room motel. Prices to do the valuation ranged from $2,500 to $5K. 
I'd strongly suggest you get one anytime, but even moreso when buying from a family member. 
To be fair to both parties in a family deal, it's best to ensure you only pay $10 for a $10 note.

TerryW is on the money…[Read more]

Scott is on the money.
Big land gobblers. Usual return of about 15% freehold. avoid anything with a shop, too much extra work. Parks with permanents cause headaches. If it's big enough for 2 couples there's a chance at alternating  time off during quiet times. Many days on a whippersnipper and mower. Trade and or handyman skills so important,…[Read more]

Hi Mosiclandscapes.
If it's any compensation, (and likely the only compensation you'll get from this situation, ) –  you're not a rookie anymore.
If there's nothing else of benefit or value there for you, then quickly move onward and upward with your new found hard won extensive knowledge 
from the street school of real…[Read more]

Very well written Mark & David. I saved it for future personal use.
Cheers
thecrest

Hi Investingyoung.
Welcome to the Forum from me as just one of the members, and I hope the forum is as much help to you as it has been to me.
Like others here who have a specialty, I have tried to place as much info at the Forum's disposal as possible so read all you can.
It's a 2 way street.  At the same time, the forum members appreciate the…[Read more]