All Topics / General Property / Don’t Wait For Opportunity

Viewing 9 posts - 21 through 29 (of 29 total)
  • Profile photo of js2js2
    Member
    @js2
    Join Date: 2003
    Post Count: 758

    How viable is an Internet booth, I may be thinking ahead, but like a Doctor Who booth? Where a block of flats can have access to the Internet!

    You basically make your own booth (similarly to having a phone box by Telstra) that’s commonly been used for blocks of flats communes etc and steal construction around the computer screen and set it up as secure as you can. Maybe you put one of the tenants in control of the booth. Which wouldn’t take to much time because it’s all automated and runs independent, but who can report to you or the Real Estate Management when something goes wrong!

    Give each of the tenants a key to the lock or something?

    Then in your advertising you could put, FREE INTERNET ACCESS with tenants.

    Maybe up the rent $5 and use a 56K (if you can get away with it, without the tenants wanting to complain they need faster Internet connection) at a total of $24.95 a month to run on 56K. And maybe this would be only good for larger blocks of units and flats. Then again maybe it will cause arguments.

    To stop the hogs, could have specialised login to allow each tenant curtain amount of time a day, Pre-Set.

    Profile photo of NEWGENNEWGEN
    Participant
    @newgen
    Join Date: 2004
    Post Count: 151
    Originally posted by Jaffasoft:

    Maybe up the rent $5 and use a 56K (if you can get away with it, without the tenants wanting to complain they need faster Internet connection) at a total of $24.95 a month to run on 56K. And maybe this would be only good for larger blocks of units and flats. Then again maybe it will cause arguments.

    Hi Jaffasoft, you forgot to include the phone charges.. i.e. line rental and local call each time a user dials out.. it adds up to quite a bit more. It’s actually more affordable to go to ADSL broadband these days. There are plans starting from around $30 but you’d need to put data restrictions on the account in case people go overboard.. [biggrin]

    Profile photo of DDDD
    Member
    @dd
    Join Date: 2004
    Post Count: 508

    OK bought a dump in december that had been trashed by previous tenants. Found bong and cleaning fluid in kitchen, 57 holes in 1 wall(stoned while hanging picture I think), head hole at the bottom of the stairs(oops) and a cracked shower screen that otherwise looked new.
    Tiled kitchen/laundry, carpeted 2 beds and tiny hall upstairs, painted throughout, new curtains, new locks, new toilet seat and shower head, new exhaust fan and rangehood and finally a small back courtyard and clothesline.

    As I did the painting and co-ordinated the other stuff, bought the electricals at a super discount, the whole reno cost me $ 4,240.00. The place cost me $95k and is now worth $115k 6 months in. Oh yeah the old druggies were paying $95.00/wk new tenants now pay $145/wk.

    Dada!!!

    DD

    Don’t sweat the small stuff,and it’s all small stuff!!

    Profile photo of Karl and RitaKarl and Rita
    Member
    @karl-and-rita
    Join Date: 2003
    Post Count: 103

    Jo,

    He’s Dolf de Roos, one of Robert Kiyosaki’s advisors. He had a book out under the Rich Dad Advisor series called “Real Estate Riches”.

    Great book.

    Karl and Rita

    The future belongs to those who believe in the beauty of their dreams. – Eleanor Roosevelt

    Profile photo of jodieleighjodieleigh
    Member
    @jodieleigh
    Join Date: 2005
    Post Count: 14

    After her car got broken into in the parking area my tennant decided to move out. I gave my tennant an inexpensive electronic car alarm and she stayed another year!!

    Profile photo of gatsbygatsby
    Member
    @gatsby
    Join Date: 2003
    Post Count: 708

    With one property I have great tennants. Perhaps not being so proactive as this post requested, I always address every need (toilet washer, bathroom ceiling paint, etc) ASAP. They have been great tennants and appreciate my promptness as I appreciate how they see the place, not as a ‘rental’ but as a ‘home’. In a way, the lack of any rental vacancy has paid for itself. (plus I’ve got to know the tennants, despite having a pm and we get along great, even at an arms distance).
    Cheers,
    Gatsby!

    “Sometimes the hardest thing to do in life is often the best thing to do.”

    Profile photo of marsdenmarsden
    Member
    @marsden
    Join Date: 2004
    Post Count: 112

    I have installed ceiling fans as a quick, visable improvement. The remote control type are the easiest to instal and, while I use an electrician, they could be installed by a careful handyman. The overall cost with installation works out to be on average $150. They have a cooling benefit in summer and help with the heat in the winter. I don’t know why this gesture seems evoke so much appreciation but it does. When selling it is also a thing agents can highlight but they need to be dusted periodically.
    Cheap and in my experience effective.

    Profile photo of HJHJ
    Member
    @hj
    Join Date: 2004
    Post Count: 3

    Hi People
    thanks for all the great info, now I know what to read when I cant sleep and the brain just wont stop looking for ways to improve

    HJ

    Profile photo of kendo5181kendo5181
    Member
    @kendo5181
    Join Date: 2005
    Post Count: 27
    Originally posted by wilandel:

    Hi all,

    Two weeks ago on a trip to NZ, I decided to make an appt. and visit each of our tenants, even though we use PM’s.

    They were all really excited to see me, and one even stayed home from work, just to meet me. (I don’t really know why, but it felt nice).

    One of the tenants said that although she loved the house, that she felt she had to give notice to move out, because her toddler was running out onto the road too often.

    I have agreed to put up a wooden fence at the front of the property, at a cost of only $5 per week to her. She was wrapped! It will cost me about $700, but I get my home improved, with no vacancies, and keep a happy and prompt paying tenant.

    Don’t be afraid to actually SPEAK to your tenants, they don’t bite (well most don’t)…..[blush2]

    Del

    Thanks for the reminder, that is a great idea that I have forgotten to do for a very long time!! I intend to speak with all my tenants to see if we can add value to each others situation asap!!

Viewing 9 posts - 21 through 29 (of 29 total)

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