Xenia started the topic Ships in Harbour are safe – but that's not what ships are made for. in the forum Opinionated! 9 years ago
I wrote this a few years ago, it’s about taking risks – investor mindset:
Is there a cost to feeling safe and secure when nothing else is happening?We are built to expand our reach, learn, grow and master uncomfortable situations.
When nothing much is happening we may be safe from rejection, from the fear of making wrong decisions and from the…[Read more]
Xenia started the topic Adelaide Western Suburbs – City to Sea in the forum General Property 9 years ago
Clearly property opportunities exist everywhere in Adelaide. However over years in the real estate industry, we have been able to gain some insights into the broader Adelaide market which I will share here.
The metropolitan Adelaide can be generally be broken up into 5 broad sectors, these being North, East, South, West and City Central.
City…[Read more]
Xenia replied to the topic Licensing may be required for repair work to rental properties by owner in the forum Legal & Accounting 9 years ago
May be related only to building work: http://www5.austlii.edu.au/au/legis/sa/consol_reg/bwcr2011398/s4.html#domestic_building_work
Xenia started the topic Licensing may be required for repair work to rental properties by owner in the forum Legal & Accounting 9 years ago
OK – this is from a good friend of mine who is into property manager training (actually he used to be employed as a general manager in my company).
From his post on the SA property management community on FB:
So South Aussie Property Managers….
Owners may NOT be able to do their own repairs after all!
Here’s further proof that my ‘source’…[Read more]Xenia replied to the topic Rental Management Fees in the forum General Property 9 years ago
This is true Benny – in the back ground most of us work to contract value. The property has to earn a particular income to be worth it for the agency. For a $3000 per week property, 3% or a flat fee may be negotiated and yes it’s all negotiated. If you look for smaller companies they may be more flexible and tailored to what you need and want as…[Read more]
Xenia started the topic Property Management Quick Tip – Setting the Right Tenant Expectations in the forum General Property 9 years ago
In the property management industry, we call this the tenant induction process.
Once the right tenant has been selected the next step ensures that they are prepared for what is coming.
A copy of the residential tenancies act is given to the tenant as well as any relevant agency documents to explain how inspections are done and by whom, how to…[Read more]
Xenia replied to the topic Rental Management Fees in the forum General Property 9 years ago
Good property managers step in and fix issues caused by agents that charge 5.5%
Xenia replied to the topic Property Management Quick Tip – The Benefits of Using Tenancy Databases in the forum General Property 9 years ago
would love to meet you Richard – we’ve been chatting on here for years.
Xenia replied to the topic Property Management Quick Tip – The Benefits of Using Tenancy Databases in the forum General Property 9 years ago
Now that is just awesome news. Now I have rent roll envy Richard. ;)
Xenia replied to the topic Crazy tenant demands in the forum General Property 9 years ago
The tenant can challenge this at a tribunal hearing and likely win the case. Tenancy legislation requires that all maintenance is done and all is working. The fact that there are vents there can be reasonable grounds for the tenant to assume that there is ducted air conditioning.
Xenia replied to the topic PPR to a Rental Property in the forum General Property 9 years ago
Hi Jules, have you purchased another PPOR or lifestyle change and now putting your property on the rental market?
Xenia replied to the topic Rental Management Fees in the forum General Property 9 years ago
Hi Jules
Unfortunately property managers are like solicitors and can charge anything for anything.
Management Fees vary from 4.4% to 11%
Then there are letting frees, lease renewal fees, fees for routine inspections, outgoing/ingoing inspections, monthly admin fees.Cheaper is not always better.
Have a look at the total package and…[Read more]
Xenia started the topic Property Management Quick Tip – Landlord Compensation for tenant damage in the forum General Property 9 years ago
When a tenant vacates a property, an outgoing inspection report is done. It’s clear that any outstanding rent and water invoices need to be either paid by the tenant or claimed from the bond. It is also clear that when something is broken it needs to be fixed, but how do you deal with a stain on carpet or a burn mark on a kitchen bench top?
One…[Read more]Xenia replied to the topic Property Management Quick Tip – The Benefits of Using Tenancy Databases in the forum General Property 9 years ago
Hi Richard
thanks for your comments. Have you expanded your finance business to include a buyers agency? What are you doing TICA checks for? Investment properties you purchase?Xenia started the topic Property Management Quick Tip – The Benefits of Using Tenancy Databases in the forum General Property 9 years ago
Tenancy databases are online databases used by property management professionals to check tenant details as part of a screening process for tenant applications.
Aside from the benefits of using databases as screening tools to assess the financial risk of a given tenant, tenancy databases also have the added benefit of listing tenants who have not…[Read more]
Xenia replied to the topic Whats your number one lesson learnt from property investing in the forum General Property 9 years ago
Property investing was the beginning of my personal journey to self development.
At the end acquiring properties was just the tangible result of becoming a bigger person.
Xenia started the topic Crazy tenant demands in the forum General Property 9 years ago
Over the years as a property manager I thought I had seen it all but this morning’s request from a tenant has to take the cake.
There was a brand new Electric hot water unit installed in one of our rental properties yesterday.
To replace a similar faulty one that was leaking.
This morning we had a repair request come through from the tenant and…[Read more]
Xenia started the topic Don't put too much weight on personal opinion when screening tenants. in the forum General Property 9 years ago
When screening tenants, listen to personal opinion from agents and especially private landlords but always confirm with facts.
Ask for a tenant ledger – this is a printout from a property managers trust account entries that shows exactly when the payments have been made.
Trust account entries are audited every year and more reliable than…[Read more]
Xenia replied to the topic Me in the media…apparently. in the forum General Property 9 years ago
great to see you swinging this way too Matt
Xenia changed their profile picture 9 years ago
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