Just as a quick (very) rough guide, take the middle price of $200 to $550 per week and say that a $300,000 can rent for ~$300 per week, that would make it around 5% gross rental income which is kind of average for todays market.

THERE ARE HUGE MARKET VARIATIONS AND YOU NEED TO COMPARE RENTS IN AREA, DONT RELY ON ABOVE!!!

Investment Property…[Read more]

What state are you in?

Investment Property Management
http://www.adprop.com.au

I totally agree with Kum Yin, a reduction in vacancy rates should offest the cost of property management.

We also see alot of private landlords charging their tenants below market rent because they don’t really know how to calculate the full potential for their particular property. This is another area where a good property manager will result in…[Read more]

Sarah,
We’ve had some success with securing discounted properties. It’s not as easy as people claim our success rate is 1 in 100!!! Try doing worse than that [biggrin]

As Josh stated above, the trick is to find a win/win situation, in the case of obtaining wholesale properties, you need to find someonen who wants out quickly then offer a quick…[Read more]

Hi Dave,

What state are you in?

I would ask the agent’s to show me the part of the legislation that says that landlords are not to know personal information on the tenants they are putting into their properties.

There is no such legislation in SA, I personally would have no hesitation in providing this info for landlords.

Is your personal…[Read more]

Great post DLPP,

If you read through the threads, there are always people asking where the positive cash flow properties are or whether it’s the right time to buy or trying to predict whether we are heading for a boom or bust. While all these people are speculating and waiting for the right time, others are taking action NOW and profiting.…[Read more]

Yep, I get them all the time too and they get more creative each time. I think it’s easy to tell by the first few words that it’s a scam. Sad thing is (and I will never understand it), that some people actually believe them!!!!

Investment Property Management
http://www.adprop.com.au

Great work!

You must be feeling a great sense of accomplishement!!!

Investment Property Management
http://www.adprop.com.au

We set up multi tenancy arrangements for landlords in SA, I dont know the tenancy rules in Gippsland, but happy to offer some broad stroke suggestions.

Please feel free to email me with anything specific you want to know?

Investment Property Management
http://www.adprop.com.au

Hi there hhn,

I manage properties in Adelaide and I’m also an investor.
I would be happy to assist in the management of your property. Please feel free to give me a call or send an email anytime!

0412 437 582 or xenia@adprop.com.au

Xenia

Investment Property Management
http://www.adprop.com.au

Yes it certainly is, next meeting is 12th sep.

Please email me xenia@adprop.com.au if you want to be included in the distribution list for meeting updates.

x

Investment Property Management
http://www.adprop.com.au

Hi Hoop,

what kind of stats are you after?

Programs like RP data and up market provide stats on demographics, median house prices, %owner occupiers vs renters etc…

Investment Property Management
http://www.adprop.com.au

Thanks for your input Jaffasoft, I think I asked this question on the forum before, but what do people mean by “doing it yourself”?

My brother is a web designer and he will be working on the design itself, I certainly wouldn’t want to use my time learning all that stuff just to save money!

I am working on the “text” for him to up load. All the…[Read more]

Thanks guys!

The web designer is actually my brother, who is getting teeth pulled out today:( so I’m not going to bother him about the spelling mistakes. Thanks for pointing that out though.

We definately are investors not invesotors [biggrin]

Also, that is just a temporary web site, just provides a bit more than a blank screen and a few things…[Read more]

Like Michaels post, this is also biased.

I think the best way for an investor to start is by doing “safe” investments to begin with. Buying good properties and buiding in equity AND cash flow using lease options.

Surplus cash flow can be used to fund higher growh properties giving you a balanced portfolio that is not dependant on your…[Read more]

Hi Xenia,
Where on earth do you get people stupid enough to take a ‘deal’ on those terms? Do you advertise or do they come to you? Is there a list somewhere? Can I have a copy? I’ve got a whole bunch of ‘Magic Cheese Powder’ Link I’m having trouble shifting and these sound like the sort of people who would be interested…
F.

Hey F,
Who are the…[Read more]

In what context???

It could mean that an agent has declared an interest in buying a property they are meant to be listing. They need to declare interest to the owner so that they don’t breach their fiduciary duties.

Investment Property Management
http://www.adprop.com.au

Our businesses are:

A wholesale property business/buyer’s agency: This is where we pick up wholesale properties by offering quick settlements or doing JVs with people wanting to develop their properties but don’t know how to. We buy most of what we find! (1 or 2 per month)

This business is called Creative Real Estate Solutions and is run soley…[Read more]

Oh, and because landlord protection insurance is a property related expense, I would say it is tax deductible.

But, I’m not an accountant!!!

Investment Property Management
http://www.adprop.com.au

Hi UR,

The answer to all your questions is YES!

There is a national tenant database, I’m not sure if it is available to private landlords, it certainly is to property managers. The one I use is called TICA Default tenancy control.

You can only list professional tenants IF there has been a financial loss that was not covered by the bond. If the…[Read more]