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]

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]

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]

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]

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]

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]

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]

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]