[DafnnyMember@dafnnyJoin Date: 2011Post Count: 18]

July 14, 2011 - 11:28 am

All our rent money is put into the offset account and thats were it builds up and we save on interest.. but its up to you

[DafnnyMember@dafnnyJoin Date: 2011Post Count: 18]

July 14, 2011 - 11:22 am

Hello there .. I find that all owners should have a say on what quote to choose and what materials to choose from howerver it is up to your strata manager to give this to the executive commitee to choose.. anyone can be part of this committe as long as you let your strata manager know.. I have the same situation where I live.. we are behind on our insurance yet we have a very big problem with a tree that blocks all the pipes.. because both are too expensive we are holding a meeting with all the owners to talk about raising a special levy to cover this.. we are only a small block and I have informed the strata manager that all owners should have a say how the money is spent..

just be sure that before choosing the materials on the roof you look at your insurance policy for the unit to see it it complies.

[DafnnyMember@dafnnyJoin Date: 2011Post Count: 18]

April 10, 2011 - 11:42 am

Hello

I suggest you make the offer to your landlord via your property manager because if there nothing in writting from either party and it is just a verbal agreement and  nothing is set on stone. I have had heard this happed before where the landlord agreed to reduce the rent inorder to allow the tenant to do a few things to the house which were never done.. however because it was all verbaly agreed on nothing could be done.

In my experience tenants can negotiate changes to the property however everything needs to be in writing otherwise things can backfire.  

Good luck.

Warm Regards,
Dafnny

[DafnnyMember@dafnnyJoin Date: 2011Post Count: 18]

April 7, 2011 - 2:27 am

hello all

It all has to do with strategy you need to buy the right time and right location taking into consideration that properties take at lease 7 to 10 years until you can see the benefits of the increase in value.

I agree if you start early you will get closer to a wealthy lifestyle.

According to seminars I have been to we can all afford to purchase at least one property every year using equity

[DafnnyMember@dafnnyJoin Date: 2011Post Count: 18]

April 7, 2011 - 2:16 am

Hello

The best thing for you to do is have a look around at the rental yeild the area has to offer as well as the demand for property in this area. Sometimes the cheapest is not always the best investment

Rent potential
Demographics
Transportation
amenities
growth per annum

these are just some things to look for when looking for an investment.

The more demand the more easy it will be to lease out your property.

[DafnnyMember@dafnnyJoin Date: 2011Post Count: 18]

March 30, 2011 - 12:40 pm

Hello,

I was an onsite property manager for the developer of this particular complex they did not do the actual strata collections or meetings but they did the building management side of things.

Property Management and Building Management was done from that same office and if your particular real estate office also runs strata management, their ability to do this is in accordance to their licences.

Swipe cards are controlled by  the building manager, used to control how many cards were given to every owner/ tenant and this was recorded in a special file.

As for damages, your property manager should be in control of damages to the unit and or swipes..

If you were to change property management companies you will only need to give them the notice as per what is on your managing agency agreement it is often 30 days.

Warm Regards,
Dafnny

[DafnnyMember@dafnnyJoin Date: 2011Post Count: 18]

March 30, 2011 - 12:10 pm

Hello Angle,

In Sydney there are many areas that have a  high Asian population and also a good investment, Eastwood, Marsfield, Carlingford, Ashfield, Ryde and I am sure there are many other areas that may be great for investment.   You will need to research this more before investing.

I hope this is helpful

warm regards
Dafnny

[DafnnyMember@dafnnyJoin Date: 2011Post Count: 18]

March 24, 2011 - 3:32 am

Hello

I look for the following, location, rental yeild, capital growth, amenities, expenses ie strata, council etc.and demographics.. so I know who will most likely rent it.

 

[DafnnyMember@dafnnyJoin Date: 2011Post Count: 18]

March 23, 2011 - 10:48 am

Hello

They really sound terrible and it doesnt seem like they are working for you.

 It is hard to find a good property manager I can suggest that when looking for one there are some good questions you can ask them before you give them your property.

I am a property manager in Sydney and I have a close relationship with all my landlords, having that realationship and ability to be proactive with everyday issues before they become big is very important.

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Good luck
warm regards,
Dafnny

[DafnnyMember@dafnnyJoin Date: 2011Post Count: 18]

March 23, 2011 - 10:36 am

Hello

I sat through one of their talks when they were in Parramatta, sydney.. they are very informative and really know what their talking about.
I found their information a good eye opener and informative. I really enjoyed how they discussed how off plan purchasing effected their financial plans.. you listen to real peoples experience and what they went through to, which to me was very informative.

[DafnnyMember@dafnnyJoin Date: 2011Post Count: 18]

March 23, 2011 - 7:15 am

Hello Sofia

It is important that you know the laws involved and now how to manage upcoming problems.

You dont need a licence to manage your own property however if you are going to be looking after other peoples properties you have to think about how you are going to collect rent, inspections, ingoing and exsit reports, repairs, and other small areas which are every day activities. 
  setting up a trust account also requires you to have a licence.. you need to have agreements in place to give allow you to manage the properties.

Please keep in mind that the laws have changed and it is very important you now what you are doing to provent problems.

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warm regards,
Dafnny

[DafnnyMember@dafnnyJoin Date: 2011Post Count: 18]

March 23, 2011 - 7:04 am

Hello

A depreciation report will save you heaps if you do it upon the purchase of a property.. I had two done for my investments and It has made a great difference with the tax returns.. shop around for prices but I remember paying the $500 pre report.. but its worth it.

[DafnnyMember@dafnnyJoin Date: 2011Post Count: 18]

March 23, 2011 - 7:01 am

Hello NHG

I met up with a good finanical advisor the other day located in Parramatta.. they will be able to help you with Tax and accounting questions as well as finanical planning. They are excellent and I would highly recommend them.
The company is called Yellow Brick Road and the person I spoke with is called Alan Khoundair the office number is 9630 9215.

They can help you also with future borrowings and the best interest rates around so you can get an idea.

warm regards

Dafnny

[DafnnyMember@dafnnyJoin Date: 2011Post Count: 18]

March 23, 2011 - 6:46 am

Hello Skyes

 Because your dont have a steady income the best thing you can do is save.. save as much as you can.. start researching areas that you want to invest in.. close to transport, shops ..etc
 
I started purchasing one bedroom units as they are no so expensive to maintain and there is not much wear and tear.. good rental return .. and so far good tenants ..  

Magazines that I read are Your Investment Property Magazine as it tells you which areas are preforming well.

Good Luck

[DafnnyMember@dafnnyJoin Date: 2011Post Count: 18]

February 27, 2011 - 11:31 am

Lease renewal fees are normally disclosed in your managing agency agreement, they should have run through all costs. I also run a property management business and do not charge a renewal fee.

[DafnnyMember@dafnnyJoin Date: 2011Post Count: 18]

February 23, 2011 - 4:35 am

Hello

When I advertise my rental properties I make sure I have internal and external photos of the properties putting down works like Bright and sunny , spacious and other good descriptive words will attract tenants. Tenants want to know whats around them i.e bus, schools etc.

Your property manager should be doing this taking the weight off your shoulders

[DafnnyMember@dafnnyJoin Date: 2011Post Count: 18]

February 23, 2011 - 4:26 am

Industrial properties can be tricky however you need to consider that looking for a tenant may take longer than residential, Yes it is a longer lease term but when it becomes vacant than thats when it becomes difficult.

I have only invested in residential as commercial/Industrial is a high risk.

With residential you look at the rental yield and the amount the property value has gone up in the past years that will give you an idea if it is a good investment or not.

good luck

[DafnnyMember@dafnnyJoin Date: 2011Post Count: 18]

February 23, 2011 - 4:15 am

Hello Forumates,

My name is Dafnny and I am a property manager in Sydney I hope that this helps.

The Tenancy Legislation has changed and due to this the landlord is obligated to do necessary repairs ie water leaks is a serious repair and if not attended to this will not only cause problems to the house but also health problems if mould starts to grow.

• You must do your research to see if the rent charge is in line with the properties leased in similar conditon to your unit. If it is over than you can take this further to the tenancy tribunal to have the rent reduced.
• Rental Increases are normally reviewed every 6 months however it is now only once a year

• You can take an agent/landlord to tribunal but you have to make sure you have all your paper work in place .. ie photos and even handymans assessment of the condition of the property. Just remember you can not force a Lanldord to renovate but you can ask for repairs to be done.. and if you feel that your rent is higher than current rentals than you can ask for a rent reduction.

• Tree removal depends on council however you can ask for pruning and council may only consider removal if it is damaging property.

 
Good luck