Thanks for your comments Richard, I understand what you’re saying.

I’m not sure whether we’ll get to market as we have an interested party crunching their numbers now. To sell as a whole we’ve priced them 28% less than what an individual one would sell for :-)

Cheers,
Tracey

I would have thought the info shared by Oscar is accurate. It’s also very useful for people who are starting out to understand what’s involved in unit developments. Thank you Oscar.

Hi Corey,
17 units :-)
Cheers,
Tracey

Thanks Richard. We’re just putting together the docs for a closed tender on our block of units and we’re considering how far and wide to advertise to ensure we attract any interested parties.

I like your idea of a couple of long-ish open for inspection. That creates minimal disruption for the tenants.

Cheers,
Tracey

Hi Richard
How did you advertise the open homes when you sold them yourself?
Thanks,
Tracey

Love hearing what everyone’s done this year :-) In the last 12 months we’ve bought 5 and sold 3.

Currently renovating a commercial property, waiting for house to be removed on the adjoining property. Just signed up tenants for the property that settled last Friday while we obtain council approvals for townhouse development.

Whilst we’ve missed…[Read more]

If you are really serious about buying a particular property/street II totally agree with Freckle re the personal approach.  Letter-boxing may yield you something but I've had much better response through knocking on the door.

As JacM says – expect that awkward moment at first while you assure them of who you are and what you seek. The other…[Read more]

Hi Oscar
Great to hear everything is running to plan with your build.  Just wondering whether you're doing something particular to achieve that sort of rent?  It appears 4 bedders in Epping are asking $800+ rent so I'm guessing maybe you're furnishing them or something else?
Cheers,
Tracey

Hi Evfred,
I have often wondered whether the ongoing fees are higher than your normal rental due to compliance etc.  Ares the fees you mention the ongoing fees or other hidden set up fees?
Thanks,

Well done Dianna, awesome work.

I love that it looks lived in rather than staged because of the items you've chosen for this property – ie. linen – not the usual beige or pale blue.

Just a few days on the market before going under contract is terrific.  Out of interest, do you know what are current days on the market in that area?

Definitely tiles for durability.  We've also put good quality vinyl in and that looks good and wears well.  Check out the pics on the main photo on this site – whilst that floor looks like timber it's actually vinyl: http://turnersbeachapartments.yolasite.com/

If the kitchen is a bit scruffy I would definitely replace it as you want your property…[Read more]

In addition to the property being CF+ I would include buying undervalue to the equation so that if you need to exit the property for any reason in the future, some capital growth has been locked in at the start.

It is also a standard requirement in with our local council – in Tasmania.  

There is a possibility to get around it – If we have a traffic report prepared which costs around $700 and that states that the level of traffic does not warrant the requirement.

No need to be sorry – it was my own fault for not doing enough due diligence – it just meant the profit was about $15 – $20K less.The $3,000 seems alot compared to what they do it for in Tassie.

Hi James,

If you are not permitted to do it yourself and have to pay someone – in addition to shopping around for what they’ll charge, make sure you find one who will actually do a cost effective design. We chose the wrong one (not even the cheapest one) and it cost us dearly due to his choice of design – please learn from our mistake.

One way…[Read more]

I'm not a solicitor but it sounds to me like you need the sale to go ahead, rather than pull out.  Does the purchaser have any 'escape' clauses in the contract? If not, I'd be asking for settlement ASAP.I agree with JacM, your solicitor should be able to sort out a solution to this.

Mattsta – I’d be interested to know who you use if you’d also pm me?

Hi Blessingz, The one we sold wasn't actually on the market.  A purchaser came to view the renovated one which we advertised in the local paper and when they discovered they knew the tenant in the adjoining unit they made on offer on that one.If you want to view what these are like to compare with your purchase turn on receiving messages in your c…[Read more]

Not sure that $10 per week is enough to warrant the cost of replacing the carpet – depends how bad the existing carpet is. We replaced carpet, painted throughout and increased the rent by $25 per week…for us that was an adequate return given the carpet was thread-bare and needed replacing so really had no choice.

To give you something to…[Read more]

Thanks to Nathan and Daniel for a great presentation earlier this month!It was also interesting and useful to be reminded about landlord insurance which is an area I probably haven't given enough consideration nor scrutiny.Cheers,Tracey