[cuteyoungchicParticipant@cuteyoungchicJoin Date: 2010Post Count: 66]

July 28, 2010 - 8:45 pm

Good morning everyone
Please someone enlighten me on what LOC, also API are, and where I might acquire copies of API?
Thanks, enjoy your day!
Cheers,
Liz

[cuteyoungchicParticipant@cuteyoungchicJoin Date: 2010Post Count: 66]

July 28, 2010 - 9:20 am

Hi Philip,
My home-cleaning company operates from Australind in W.A. (2 1/2 hours south of Perth), covering properties from Brunswick through the main city centre, Bunbury, and down as far as Capel.
Hmmm, I like your idea of doing property inspections for landlords! I’ll be retired in a year or two & I’ve been wondering what I’d do part-time (that I’d enjoy) to save spending my super! I think if I did the 3-month inspections, I’d like to think that I’d also been the one to have written the original Property Condition Report. That way I’d have an accurate record of the original standard each property would need to be maintained to.
Plenty of tenants book my service when they’re vacating their rentals – if it feels appropriate, I mention that it’s a good idea if they hunt down their PCR, to remind them of every little detail that needs attending to, to ensure they will have their bond returned. Some of them don’t know what a Property Condition Report is, others don’t remember receiving one back from their PM, others got sick of reminding their PM to return it so let it go, and most just don’t know where there’s is. They really don’t value it for what it is!
Cheers,
Liz

[cuteyoungchicParticipant@cuteyoungchicJoin Date: 2010Post Count: 66]

July 28, 2010 - 7:22 am

Yes, I found good PMs very hard to find, in fact are practically non-existent.
I studied for my own PM license, now I tell my PM how to look after my property (She doesn’t know I’m licensed)
I also run a Licensed Home Cleaning Company in the city in which I live, and make a lot of money from private landlords who don’t inspect their properties. 3-monthly inspections are absolutely vital!
Another aspect to managing your own property, is that all the dud tenants who will never be able to rent through Agents because they’re blacklisted on the Real Estate data base, all head for private rentals – they have no choice.
And lastly, it’s difficult to procure Landlord’s Insurance if you’re a private landlord. Because of the high rate of claims from private landlords, most insurance companies will only let you have Landlord’s Insurance if you use a Real Estate Agency now.

[cuteyoungchicParticipant@cuteyoungchicJoin Date: 2010Post Count: 66]

July 20, 2010 - 11:25 pm

Hi Greg,
Thankyou so much for showing me the light of day re all of the above abbreviations.
This cute younc chic is a gal of 63 years and 125 kilos who's in denial of both those facts!
My life didn't really start til I was 43, & it's been go, go, go ever since, with renovating crappy
houses in pleasant streets outside of working hours, & turning them into successful rentals.
I'm about to venture into building (for the first time) 2 home units behind an old house in an
old suburb, that I paid $80,000 for 12 years ago, and was valued at $400,000 2 years ago.
Am doing it all alone now, and so feel drawn to this site for company I guess, as well as
all the info being offered by it's members.     
I love it!
Thanks again Greg,
Cheers,
    Liz

[cuteyoungchicParticipant@cuteyoungchicJoin Date: 2010Post Count: 66]

July 20, 2010 - 10:36 pm

Hi there folks!
I'm pretty new to this site, and have a couple of basic queries I hope someone can solve please?
What is an LVOR,  FHOG, PPOR, LVR, LMI, IP, FTB and an MI?
I can't make sense of lots of the above letters without this knowledge.
Thanks & cheers,
         Liz

[cuteyoungchicParticipant@cuteyoungchicJoin Date: 2010Post Count: 66]

July 17, 2010 - 1:59 am

Yes, JPS25, follow it up, and while you're at it, ask – tell – them you'd like – want –  a copy of the Property Condition Report as soon as it's signed & returned by the tenant.
You pay quite a lot towards a new lease, you're entitled to copies of both these items.      Property Managers guard their Property Condition Reports (known as PCR's) with their lives, they absolutely do not want you to have a copy.   But mate, you'll have paid somewhere in the vicinity of $90 upwards for it, therefore you're entitled to a copy.
I made an equiry last week of our REIWA, and the lady there told me to use the words  "I instruct you to……"   when requesting something of my Property Manager, because it's me who pays her wages.
Make a habit also, of emailing ALL communications as opposed to phoning – you may be surprised at the number of times you need to refer back to your/their emails.