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Viewing 6 posts - 121 through 126 (of 126 total)
  • Profile photo of D.T.D.T.
    Participant
    @dtraeger
    Join Date: 2014
    Post Count: 128

    Hi All, looking at investing in Playford area of SA and can’t seem to make up my mind on the following suburbs: a Andrews Farm, Munno Para West, Elizabeth Area & Davoren Park. Any suggestion please?

    Really depends on what you’re trying to achieve from your purchase.
    Davoren Park may have best cashflow since purchase price is likely to be lowest. It’s the most feral of those you listed.
    Andrews Farm I don’t see going far – its rents are about the same as neighboring areas but its prices are higher and yields are lower, so isn’t attracting much Investor attention. It doesn’t get a whole heap of Owner Occupier attention either.
    Elizabeth area I’m heavily invested into, and for good reason, as it matches my risk profile and return requirements. This does not mean its a good investment for you though – what are you actually looking for?

    D.T. | DT Property Management
    http://www.dtproperty.com.au
    Email Me | Phone Me

    Adelaide Property Management - whole Adelaide metro

    Profile photo of D.T.D.T.
    Participant
    @dtraeger
    Join Date: 2014
    Post Count: 128

    Xero has some plugins

    D.T. | DT Property Management
    http://www.dtproperty.com.au
    Email Me | Phone Me

    Adelaide Property Management - whole Adelaide metro

    Profile photo of D.T.D.T.
    Participant
    @dtraeger
    Join Date: 2014
    Post Count: 128

    Buy 4 more places (2 down, 2 to go for 2014)
    Reduce my non-deductible loans

    • This reply was modified 9 years, 10 months ago by Profile photo of D.T. D.T..

    D.T. | DT Property Management
    http://www.dtproperty.com.au
    Email Me | Phone Me

    Adelaide Property Management - whole Adelaide metro

    Profile photo of D.T.D.T.
    Participant
    @dtraeger
    Join Date: 2014
    Post Count: 128

    I don’t understand what you’re getting at. If you don’t like the price of the service shop around til you find one you do. Or self manage. Or if you think they’re making a fortune, join them :)

    D.T. | DT Property Management
    http://www.dtproperty.com.au
    Email Me | Phone Me

    Adelaide Property Management - whole Adelaide metro

    Profile photo of D.T.D.T.
    Participant
    @dtraeger
    Join Date: 2014
    Post Count: 128

    What sort of management fees are we talking?

    I would have thought that the Perth market would be large enough to fuel competition.

    Cheers

    Jamie

    Heaps of places in Perth charge 9.35% + GST + 2 weeks letting fee + monthly admin fee + yearly fee + condition report fee + inspection fee + tribunal fee + lease renewal fee + bum scratching fee + GST on all of the above

    D.T. | DT Property Management
    http://www.dtproperty.com.au
    Email Me | Phone Me

    Adelaide Property Management - whole Adelaide metro

    Profile photo of D.T.D.T.
    Participant
    @dtraeger
    Join Date: 2014
    Post Count: 128

    Its a free market economy. No ones ripping anyone off. You’re free to self manage if you don’t want to pay the cost, or to shop around for best price you can find. Also, price doesn’t always correlate with service.

    I’ve done extensive research on opening an agency in both Perth and interstate. And despite Perth charging a heap more, I believe interstate would be more profitable. Perth staff are expensive, Perth office leases are expensive, the bottom line isn’t any better despite charging more.

    D.T. | DT Property Management
    http://www.dtproperty.com.au
    Email Me | Phone Me

    Adelaide Property Management - whole Adelaide metro

Viewing 6 posts - 121 through 126 (of 126 total)