Forum Replies Created
Hi Mattsta.
What motel ?
And did u look at MQ’s website – they sell hotels as well don’t they ?
Are u really searching for a hotel ?
cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
The name certainly lacks immediate appeal.
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
I’ve found valuers to be very helpful and knowledgeable, and their val forms an important part of my DD.
Suggestions.
Interview a few valuers before selecting one.
Ensure they are familiar with the locality and upbeat about it.
Provide them with all the favourable comparative info you can find and ensure you get agreement from the bank and valuer to be provided with a copy of the valuation same time the bank gets their copy, provided you’re the one paying for the valuation.
Appeal to the bank and valuer with supporting docs if you feel the val is incorrect.
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Heating n cooling would be obvious issues, they’s make a nice oven in summer.
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
If you had 3-5 offers placed awaiting outcomes on properties which you were willing to buy if your terms were met, then you are a genuine buyer, they are genuine offers, and you are entitled to make those offers. The strike rate might only be around 20% anyway, depending on market conditions, vendor whims, and your terms.
REAs would ideally like you to be desperately dependent on the outcome of only one offer, but who wants to be in that position.?Nevermind whining agents, they don’t mind playing 5 bidders on one property, they just don’t like the shoe on the other foot because it favours the astute buyer – so go for it.
Just don’t make an offer you’re not prepared to back up.
Good luck.
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
If they’re starting to look the same, backtrack to your checklist and selection criteria and be more thorough, and perhaps widen the search a tad to allow some variety through the screening process.
Obviously if your process is producing the ones you don’t want, then you need to change it.
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Good luck Johann.
One of the business brokers told me once that he sells the benefits of the location in terms of local lifestyle and local amenities, social life, medical facilities, golf course, transport, infrastructure etc, as hard as he sells the actual business itself, because if the potential buyer doesn’t like the area, they won’t want to live there and are unlikely to buy.
Seems reasonable.
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Suggestions.
First, research all your rights so you know exactly where you stand before deciding on your course of action or before talking to your neighbour.
Chamber magistrate or your solicitor should know.
Better in the long run to place the new or old fence onto the boundary.
He can donate the shed to you or remove it back onto his own land, he needs to keep in your good books too.
Insisting on ownership and possession of your land can be done with a friendly smile.Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Try Manenti Quinlan Brokers – Ray Larkin.
There are many other brokers as well.
Hope your search is proving fruitful.
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
RyanJD wrote:. . . .Tenants have removed all belongings from the house and garage except 2 CRT tv's, a lounge and a few car parts. . . . .It’s amazing how these ugly duckling abandoned goods can transform themselves into swans and treasures while in your care, next week they could be priceless and rare parts and a spotless beautiful lounge in immaculate condition worth thousands but poor departing tenant had a sore back from moving furniture and had to leave them to be picked up later.
I suggest you CYA and find out how you can legally rid yourself of this rubbish.
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Excellent result so far.
Usually in this situation, you need to mitigate any losses by doing whatever is necessary to re-let the property as quickly as possible.
The insurance company requires this, as well as any court decision, to enable you to make a claim.
Under the abandoned goods act (in NSW), if valid in your state, you can dispose of any goods at your sole discretion if the debt exceeds their value and or if the value is below some level like $1K or whatever is the limit in WA if that’s where you are. A chamber magistrate at the local courthouse can tell you that situation.
Going well.
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
The sooner the tenant is evicted the better. He has proven to be a bad tenant, no more proof required.
Try to avoid getting involved with holding tenant possessions – it’s a minefield, you are responsible for their safekeeping and insuring them during the holding period, and they can claim you have damaged the goods in storage or transfer. Better to let them have the lot and let the bailiff seize their goods ready for auction on behalf of the court later if they don’t pay the court orders.Usually the bailiff or sheriff (depending which state you’re in) is accompanied at lockout time by you and your locksmith, ready for the bailiff to officially hand you possession and you change the locks.
It’s a mess that has developed due to your inexperience, whereas an experienced and professional PM would not have allowed to happen in the first place, but that’s part of your learning process. Setting strict policies for rent arrears and not diluting them in the face of sob stories is what professional PMs do. Now you know what to do next time.
Good luck
cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Hi Johann.
When we were actively seeking a business,
we found many of the businesses for sale provided poorly presented P & L’s.
The ones we looked harder at provided the following :Clear comparative information which made it easy to compare the last 3 years in any category of sales or expenses,
Good reasons for selling which did not reflect adversely on the desirability of the business,
Genuine upside potential with clearly defined opportunities and explanations why the vendor had not already done it themselves,
Figures guaranteed by the accountant and vendor,
Due diligence cost refunded if figures incorrect,
Access from accountant to accountant,
Enough photos to tempt us to visit, more if required,
Offer of refund of overnight accommodation for visiting purchaser who settles,Other incentives could be :
You pay extra $5K or $10K commission to a broker who sells within time and price guidelines then the brokers will prefer to showcase your business before another,
Additional training or handover time for a buyer,
Local accommodation for the first month while buyer finds somewhere to live,
Experienced staff willing to stay on as casual for 3 months until converted to full time,It all reeks of an honest deal with a motivated vendor.
Just some suggestions FWIW.
Good luck
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Not all units in some stratas are of equal size, don’t know why or more than that.
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Hi Johann
You already have the recipe for success, the youthand time to apply it, and now you are merely seeking or choosing the correct suitable vehicle.
Since you keep getting up one more time than you go down, and learning the depth and location of the potholes by personal experience, you will always finish in the up position. As you strengthen and consolidate your business interests, you will avoid the potholes and experience only slight undulations as all experienced and successful business owners do.
And there are plenty of mentors here, that’s what we’re doing now.
You’re inspirational.
Enjoy your unavoidable and inevitable success.
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Just found this link to report property people who are not paying as they should. No doubt the Dept of Fair Trading will closely monitor and investigate any complaints and reports and especially claims. The agent found guilty would be lucky to keep their licence I would imagine.
Cheers
thecrestProperty Services Compensation Fund- NSW Fair Trading. You can view it at: http://www.fairtrading.nsw.gov.au/Tenants_and_home_owners/Selling_property/Using_an_agent/Property_services_compensation_fund.html
thecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Hi Mattsta.
Here’s a hotel for sale, might be a bargain too as a mortgagee sale.
Good luck.
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Since the holding paddock of good property managers is nearly a desert, it’s not hard for a good PM to stand out.
A PM has only to do the basics well to be a legend in their industry, and the rent roll will profit and grow.
It’s not a job for wannabe social workers or shrinking violets, and it requires the velvet glove over the iron fist, total dedication and focus on the best interests of the landlord, constant attention to detail, very disciplined time management, and assertive quick decisions based on complete and concise knowledge of the Residential Tenancies Act and the other laws relating to the daily operations.It’s pointless trying to finesse a train wreck.
Attempting fine tuning should be not be considered until a PM is sure they rate a score of 100% for doing the basics.To all you good PMs out there, ” the few”, you’re awesome, and you’re worth more money.
cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
The owner already empowers the PM by signing the managing agency agreement, and then hopefully leaves the PM to do the job.
The owner has alreday done what they should to start.
Ongoing, the owner should approve R & M to be done without delay.
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Re property management, I like to know how many properties in the rent roll and how many staff manage them.
I agree that 180 is too many, but that’s if it’s per person. And if the rent roll is located in a “socio-economically challenged area, then 120 is plenty.
cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
