Forum Replies Created
Hi MI.
In your plan, is someone going to live-in and run it and on what payment basis ?
Cleaners? Maintenance ?
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Hi Sullivan.
Welcome to the forum from me as just one of the members.
Why not introduce yourself and post a little about your own situation.
Got any comments yourself about this topic ?The negativity about Wellington is the jail.
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Painted our 6 x 2 brm villas recently at our motel in Wagga. Doing painting all day created very peaceful days of de-stressing , plenty music, time to think, and very rewarding financially and otherwise. Throwaway roller sleeves reduces cleanup time, plenty of small plastic disposable handheld tubs, a damp or wet rag always ready for minor spills n drips, and good lighting for ceilings essential. Appreciate the info on spraying, might try that next time.
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
You are inspiring and your post renews people’s faith in human nature.
Win win win . . . .
Good luck
cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Hi QM.
What kind of businesses are in the strata plan ?
How many? Who manages it? Who controls it ? What state of Australia ?
This was posted a few months ago QM, are you still interested or has this opportunity ceased for you ?
I’ve had experience owning a commercial property in a strata plan which I’d be happy to add here if you were interested.
Cheers
thecrest-
This reply was modified 10 years, 1 month ago by
thecrest.
thecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Can someone buy into a unit trust later ?
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
On a negative note and from someone who lost everything in a corrupt paradise, me.
In corruption rife areas, you need protection, like an umbrella group, and it helps to have well connected legal representation in country. Do you have an exit strategy ? Remember, there is no democracy or natural justice in corruption rife areas, talk to the Australian Embassy there, as well as other expatriates already living there with established businesses, just to get an accurate outline of the entry startup biz system warts n all, and ongoing biz survival system. In a corruption system, there are always predators and justice between antagonists is a matter of who has the more powerful friends or connections and who paid whom more money. Many tropical paradises are graveyards of starry-eyed entrepreneurs’ dreams and business plans and capital. Some are successful.
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Hi Theresa.
If it’s a reasonable return or better there’s no reason why a builder wouldn’t go for it.
Cover all parties for all eventualities through your solicitor and lots of homework and DD.
Hope it’s lucrative for you or creates some passive income.
Good luck
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Hi Paul.
Where’s the motel ? We travel a lot and would prefer to stay with a Forum member’s motel if pos.
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Hi Theresa. Condolences for your father passing, hope you find comfort from friends and family.
Been in this situation. Suggest you need at least several written quotes but kept simple to help family members understand.
Simple scenario layout of Valuation minus repair costs = your offer. Might help to have a REA appraisal or 2 so they know what you’re offering relative to market price.
Hope it runs smoothly for you.
Good luck
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Hi Paul.
Thanks for the awesome details of what your day is like, sounds like ours. Where’s the motel ?
What’s the resv system ?
At the moment we’re the relief managers at our own place, giving our managers some time off.
It’s quiet in Wagga this time of year, and so cold. Thrilled for your success, well done.
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Hi and welcome to the forum from me, just a forum member. Looks like more than limited knowledge, but there are many experts here who could help you. What goes around …. so be prepared to help others, especially if you have financial institution knowledge or other knowledge which might help some forum members.
Good luck
cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Would they get 50% of bathrooms as well ? would they have equal access to everything else ? Garage? Storage?
Good luck
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Local builder renovated a few of our motel bathrooms recently in Wagga, total ripout, jackhammered floor, tiled to ceiling with narrow pebbly decorative strip, , kept ceiling, new cornice, new ceramic top 900mm legless wall mounted vanity, mirror, 2 lights, fan light, full loo, soft closing stuff, no hob fixed glass, everything solid, 2 towel rails, robe hooks, $8,700. Looks great.
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Did your solicitor advise to do a presettlement inspection ?
What does your solicitor have to say about the goods in question ?
Looks like the receivers have cleared you for disposal of the goods.
But in my experience the abandoned goods legislation is rubbery.
Good luck.
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
How much does it work out to cost the merchant facility (eftpos machine) owner per annum for the merchant fees on that payment versus what you make on the offset ?
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Search the Forum posts, I remember someone mentioning a few weeks ago they bought off the plan in Gladstone, and now is time to settle and they have to settle and it’s a purchase at a loss, because values have fallen after coal market declined. I noticed receivers were recently selling Rusty”s Motel in Gladstone, now rebranded as an Econolodge by Choice Hotels (budget category), so looks like someone bought it. Might be worth talking to.
Good luck
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Sad but practical, If you borrowed more than their will would pay you, would other beneficiaries demand immediate payment to pay them out forcing you to attempt refinancing elsewhere and probably on a time limit ?
Is a forgiven debt deemed to be a gift by the Govt ?
Are gift duties payable on a debt forgiven in a will, or just forgiven anytime ?
Can you repay them at an exorbitant interest rate to help them ?
Interesting possibilities .
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
Sounds like your PM has been doing an ok job except for paying monthly instead of fortnightly.Just insist. Most landlords and most agent’s software pay fortnightly to get the interest benefit for the property owner.
I’d be suspicious if the tenant wants to deal with you direct instead of the PM. Might see you as vulnerable which you are if you don’t know how the laws work, and they’re complicated.
I agree with others that you’re better off with the PM.
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
In NSW leases there are a few ways to inhabit premises. Fixed term lease where the tenant must stay for that whole period and then vacate or if vacating early (breaking the lease agreement) then the tenant must pay the costs involved to change tenants during that period.
Or, that fixed term lease has a clause that allows the tenant to stay there after the fixed term has expired on a month to month basis. Usually if a tenant wants to stay there but only on a month to month basis, it means they are not considering staying there long term and they are considering moving. You can confirm this by offering them a 6 or 12 month fixed lease, if they refuse you know they will move.
Talk to your PM (not Tony Abbott) your property manager for their opinion about availability of replacement tenants at this time. If you are self managing, check the local area agents for the number of vacancies. Is there some reason your tenant might want to move ? Ask the tenant in writing if there are any urgent maintenance issues.
Good luck
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
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This reply was modified 10 years, 1 month ago by
