[thecrestParticipant@thecrestJoin Date: 2004Post Count: 992]

July 1, 2009 - 1:09 pm

wealth4life.com wrote:

Hello,

My brother owns 19 motels … exactly what is your question.

Monolopy sell 4 houses buy 1 motel … it works

D

Hi D
Please please I need to talk to your brother. I own one motel and need to ask about what strategy works to multiply that to 5 and how to admin them. Can you arrange a contact please. PMs don't seem to get through to you.
Any help would be appreciated. Hopefully that's what we're all here for.
Cheers
thecrest

thecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Me

selling motels in NSW

[thecrestParticipant@thecrestJoin Date: 2004Post Count: 992]

July 1, 2009 - 6:11 am

2000 Ford XR8, looove it.
As we know, you don't climb through early levels of investing if you waste money on cars beyond basic necessity.
I started with crap cars which literally doubled in value when I filled the tank, cars I bought had only rego value and I dropped them off at the wreckers when the rego expired, no chance of fixing them, not worth it, easier to find another $150 car.
Now I can buy what I like but still trying to be sensible and thrifty, and the Bank responds by lending to me outside the square because they like thrifty people. So there are some extra advantages.
However, the current vehicle Ford 2000 XR8 with 175K needs replacing with something that has a more comfy ride, quieter, 6 cyl so the kids can drive it, uses ULP,  best stereo, auto, low kms, so we can tour all over NSW between properties and arrive fresh (er).  Big car loans for fancy cars kill serviceability and Bank credibility. Yeah alright, I really want  a 7 series BMW, but a 5 would do, or a big black Chrysler 300C, or just about any big Merc would be fine, but I have to settle for a Fairlane, Statesman or Calais so I can afford to buy another Motel lease to run under management. It's worth the compromise, and not too much gratification is delayed that way.
Cheers & happy motoring.
thecrest

thecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Me

selling motels in NSW

[thecrestParticipant@thecrestJoin Date: 2004Post Count: 992]

June 23, 2009 - 9:45 am

The base rate system stops rent increasing exponentially or compounding like 100%+5%=105%, 105%+5%= which escalates and usually becomes litigation .
Many motel leases setup incorrectly have crashed when they became unviable due to rent increasing too high too fast and exceeding the ability of the business to pay it. 
Cheers
thecrest

thecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Me

selling motels in NSW

[thecrestParticipant@thecrestJoin Date: 2004Post Count: 992]

June 9, 2009 - 3:04 pm

Hi Garry
Thanks for that very informative roundup. You put a lot of time and effort into that post.
Seems to be the recipe for some conferences these days, the hype, the heightened
awareness & euphoria, the sell. Salesman's dream really, people running down the aisles to buy, grateful and excited.
I suppose one way to value the deal would be to estimate how much each speaker provides in real help in exchange for a shot at selling to those exposed hearts and minds. One can also learn a lot about sales and marketing and public speaking from such successful presenters, as well as some interesting networking with other people and feeling revitalised.
Your costs were high, so you expect a good return and professional presentation. No excuse for uncomfortable seating, average food, poor sound quality, or lateness. Professionalism?. 
The word spreads, that's what forums do.
Cheers
thecrest

thecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Me

selling motels in NSW

[thecrestParticipant@thecrestJoin Date: 2004Post Count: 992]

June 9, 2009 - 2:18 pm

Hi Andrew
Pls send me some info on those too.
Thanks

thecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Me

selling motels in NSW

[thecrestParticipant@thecrestJoin Date: 2004Post Count: 992]

May 27, 2008 - 2:42 pm

Tenants may be thinking "why commit to a lease if we can get the same deal without committing?"
The answer is security of tenure for the tenant.  Also, consider that the disruption and cost of moving for the tenant may discourage moving. If sufficient time has passed during the lease period, then they're probably due for an increase now anyway.
Increasing the rent now will encourage them to sign a new lease (at the increased rent level)  in order fix the rent level for a period. Show them what happens without a lease.  Why not  charge $5-$10 more for a lease than month to month, because they have security of tenure, and a fixed rent period?
cheers
crest133

thecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Me

selling motels in NSW

[thecrestParticipant@thecrestJoin Date: 2004Post Count: 992]

May 27, 2008 - 2:09 pm

What are the basic figures ?
Some hotels make more from selling you an apartment freehold, then managing it for you. If they have to pay you 5%, it's cheaper than paying finance 10% to buy one.
Admin, letting fees, cleaning and maintenance costs charged to you are sometimes above market price.
Be sure of the true market value of the apartment. Assess honeymoon period deals over longer periods.
Do your homework carefully.
Cheers
thecrest

thecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Me

selling motels in NSW

[thecrestParticipant@thecrestJoin Date: 2004Post Count: 992]

May 19, 2008 - 12:49 pm

Email direct to RESULTS office.
cheers
thecrest

thecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Me

selling motels in NSW

[thecrestParticipant@thecrestJoin Date: 2004Post Count: 992]

May 15, 2008 - 7:57 am

On the right hand side of this posting page is a good offer from the experts.
Check it out.

In The News

Make $25,000 On Your Next Deal

New 1-day seminar reveals how to make $25,000+ on your first (or next) propetry deal.

Cheers
thecrest

thecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Me

selling motels in NSW

[thecrestParticipant@thecrestJoin Date: 2004Post Count: 992]

May 15, 2008 - 4:22 am

Me too please, I'm getting quotes for rendering and I'm confused.

Any info would be appreciated by me too, I'm all ears.  

cheers
thecrest

thecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Me

selling motels in NSW

[thecrestParticipant@thecrestJoin Date: 2004Post Count: 992]

May 15, 2008 - 4:12 am

Unless the tenant can claim the door repair on their insurance, the landlord usually cops it because a landlord has to supply lockable premises.
cheers
thecrest

thecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Me

selling motels in NSW

[thecrestParticipant@thecrestJoin Date: 2004Post Count: 992]

May 15, 2008 - 3:58 am

Don't be loudly irresponsible Scamp, if you don't know how to invest in the current market, then either DON'T, or learn how by joining the RESULTS program. I did, because I want to learn how.   
The market is there all the time and is always full of opportunity.       
Hope you find some, that is, if you want some.   
cheers
thecrest

thecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Me

selling motels in NSW

[thecrestParticipant@thecrestJoin Date: 2004Post Count: 992]

May 10, 2008 - 3:23 am

I ran out of time and was concerned about missing out on a place , so I took the plunge and paid for a place in the 2008 RESULTS program. Now I'll find out first hand what it's like.

My thanks to those members who did assist and posted information about 2007 and 2008  program – Steve McKnight, Juliet Kitchen & HouseImp.

Hope the others are simply too flat out doing property inspections on their vast property portfolios to see the post. 

Cheers
thecrest

thecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Me

selling motels in NSW

[thecrestParticipant@thecrestJoin Date: 2004Post Count: 992]

May 7, 2008 - 4:44 am

Thanks Prusli
Hopefully by then we'll both be too busy empire building to remember this post. 

Ideally I'd really like to hear          from someone in last year's program – hopefully one or two of them might be watching and be willing to assist with some feedback. 

Whatever happens, good luck to you Prusli. 
Cheers
thecrest

thecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Me

selling motels in NSW

[thecrestParticipant@thecrestJoin Date: 2004Post Count: 992]

May 6, 2008 - 11:56 pm

As a business couple, and motel operators,  we have been planning to launch into a new investment phase by building a residential property portfolio, so this RESULTS program arrives at a good time. However, we're careful as any investor should be, and we're trying to conduct due diligence on this program, 

and appreciative of any comments in this post from anyone who has completed a previous program.  
Any information at all would help – positive or negative  –  this is what forums do best   –  

Cheers
thecrest

thecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Me

selling motels in NSW

[thecrestParticipant@thecrestJoin Date: 2004Post Count: 992]

June 20, 2007 - 3:32 pm

Saw inside a great unit last week in Wagga Wagga with under stairs area used for bookshelves.
cheers
thecrest

thecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Me

selling motels in NSW

[thecrestParticipant@thecrestJoin Date: 2004Post Count: 992]

May 1, 2007 - 1:12 pm

Hi Hangingupsidedown
Me too please !!!     But I need one in Bathurst or Orange  NSW   –  any suggestions  anyone ??
Hope you don't mind me tagging along Hangingupsidedown.
cheers
thecrest

thecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Me

selling motels in NSW

[thecrestParticipant@thecrestJoin Date: 2004Post Count: 992]

May 1, 2007 - 1:02 pm

I offered my selling agent more commission and promised the salesman a personal bonus for selling within the agreed period and within my price parameters. He got very busy, focussed on my property, and sold it for my price within the agreed period. It was a pleasure to pay him, which is what it's all about. Sales people work for money, and they choose which house they give most attention to, so why not make it attractive ? And as many people say, make your property stand out and get attention, so I did.
Worked for me.
Cheers
thecrest

thecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Me

selling motels in NSW

[thecrestParticipant@thecrestJoin Date: 2004Post Count: 992]

May 1, 2007 - 12:32 pm

Hope you found it, we did. 
cheers
thecrest

thecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Me

selling motels in NSW

[thecrestParticipant@thecrestJoin Date: 2004Post Count: 992]

April 18, 2007 - 1:27 pm

The advertising expertise used to create "wants" and "must haves" in our minds has improved to a dangerous level.
They sell their expertise to those who sell goods and services.
Those who don't have a wealth creation plan and who continue to follow bad strategies such as buying depreciating assets with borrowed money and ignore the passing of time without a savings plan, will always be tenants.
cheers
thecrest

thecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Me

selling motels in NSW