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  • Profile photo of EllyHEllyH
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    @ellyh
    Join Date: 2005
    Post Count: 16

    Hi Skatz,
    If you are still thinking about these people as a tennant you could suggest a radio collar dog fence to them as part of the contract. The dog wears a collar and there’s a wire fence that runs around the perimeter you want to keep them inside. As the dog gets closer to the fence it emmits a noise and eventually gives the dog a zap if it doesn’t stop. There are a few different models on the market, the one I am familiar with can be found on http://www.sureguard.com.au
    This could solve your problem at no cost to you, and no intusion for your neighbours.
    Cheers Elly

    Profile photo of EllyHEllyH
    Member
    @ellyh
    Join Date: 2005
    Post Count: 16

    Hi Mossie, good luck with the sale. I’m sure you’ll already be aware of this but every paper, book or newsletter I read lately contains messages about how the ATO are cracking down on CGT and people not paying their fair share – if there’s such a thing! Make sure all of your accounting records are sound and up to date so you get to keep as many of your hard earned dollars as you can.
    Cheers Elly
    PS – You need to keep your records for 5 years after the year you put the return in.

    Profile photo of EllyHEllyH
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    @ellyh
    Join Date: 2005
    Post Count: 16

    Bob, I’d have a bath / shower. A couple of things to consider though, make sure the bath isn’t too high to step over as this will stop less mobile people from being able to use it (you might have to factor in a step); definitely do away with the shower curtain, in my last place I used a fixed glass panel that was only 600mm and it looked great and kept the water off the floor; and consider using a removeable shower head, this gives you more room to move about.
    Cheers Elly

    Profile photo of EllyHEllyH
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    @ellyh
    Join Date: 2005
    Post Count: 16

    Ha ha Brahms – although I prefer the fast bowlers!

    Thanks Dr X, I have sent you an e-mail.

    Regards
    Elly

    Profile photo of EllyHEllyH
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    @ellyh
    Join Date: 2005
    Post Count: 16

    Munjy,
    I strongly advise that you e-mail your Q to [email protected]

    That’s what I did initially, and was told there is only 1 mentor (see my post also in this forum it has the e-mails and a response from Steve).

    Cheers

    Profile photo of EllyHEllyH
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    @ellyh
    Join Date: 2005
    Post Count: 16

    I knew there was something I forgot to mention, having control is great, you aren’t listening to your hyped up agent telling you how fantastic the viewing was, and consistently getting it wrong with their assessment of potentials!

    I got a friend of mine (who is an investor so walked the walk and definitely talked the talked) to test my agent, and I was horrified with the blatant lies I got from him, and even more horrified with the feedback I was getting from her in relation to what he was saying to her (she mentioned a figure that she thought the property was worth and he automatically told her she could have it for $50,000 less!!!). Hence the reason I terminated the contract……

    Having control gives you a huge advantage, you are hearing and dealing with potentials first hand.

    Go on, jump in and have a go!!

    Elly

    Profile photo of EllyHEllyH
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    @ellyh
    Join Date: 2005
    Post Count: 16

    Of course! The opportunity may never present itself again – free anyway.

    Profile photo of EllyHEllyH
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    @ellyh
    Join Date: 2005
    Post Count: 16

    Hi Robo,
    I say go for it! I recently sold my own home after dreadful experiences with not 1 but 2 agents.

    A few pointers:

    – make sure you write to the agent and formally terminate your contract with him. If your agent hasn’t supplied you with a weekly report that includes the names of those people that have been introduced to the property by him, ask for one. The reason I say this, is if one of the people that came through during one of the agents open inspections he will be due commission (although you will be in a position to negotiate, which I suggest you do as you are the one that completed the deal);

    – get your lawyer to remove the agents name from the front page of the contract;

    – consider using your company name on the board, rather than advertising it as a private sale, however if asked don’t deny you are the owner;

    – spend a bit more money on your signboard, it needs to look professional (you should OWN the board supplied by the agent [check the small print in your contract]- if there is already a picture on it, getting wording printed up doesn’t cost too much);

    – the cost to advertise in real estate papers will increase by about 60% so be selective;

    – you can advertise your property on domain.com.au (when I did it cost $190 for 1 month) but not on realestate.com.au (that’s exclusively for agents!!);

    – make sure you have brochures to hand out at the open inspection, we did up our own on the computer and printed them out on slightly better than normal paper (again you OWN any pictures taken by the agent for their advertising campaign, if you haven’t been given a copy request one on CD or by e-mail);

    – keep a record of all people that come through the property, making notes on any comments made for your follow up calls;

    – don’t let potential buyers comments affect you, it can be quite difficult listening to people pulling your property to pieces! Remember they are looking for reasons to offer a lower price.

    That should give you a little food for thought. I thought it would be heaps harder than it was, and it wasn’t.

    Out of interest, where in Coffs is the house, what is your asking price and what rent were you receiving?

    Good luck
    Elly

    Profile photo of EllyHEllyH
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    @ellyh
    Join Date: 2005
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    Hi Helen,
    I have had an interesting day, it seems I have created a bit of a storm in a teacup – not at all what I set out to do, however I felt the information I was given in reply to my questions needed to be made available to others.

    As a result of my post I had the pleasure of a half hour phone conversation with Steve McKnight this afternoon (he called me), during which I was able to advise Steve of my concerns with his decision to have only 1 mentor, all of which he acknowledged and agreed with had he been in my position.

    Steve’s response was that at this stage he is unsure of just how many people are going to sign up for the program, however he had another 10 or so coaches who have already expressed their interest in working as a mentor on the RESULTS program, and if needed him and Dave would be available to assist. The downside to this is there may be a change of mentor part way through the program. Furthermore, Steve advised his decision in relation to employing only 1 mentor at this time was based partly on his experience with the Mappers and how much time each of them required (some a lot and others very little), and his ability to be able to make this program available to as many people as possible by keeping costs down.

    I have made a decision that this program may not be for me at this time – if I am to pay for the services of a mentor I want that person to know me and my style inside out, and I don’t feel Brendon will have the ability to do that if he is mentoring more than 20 people, and possibly up to 200.

    I will however be watching from the wings with great interest and I wish Steve and the program all the very best.

    In relation to the champers, I live on the Northern Beaches in Sydney, perhaps you could send me an e-mail – networking!!!

    Regards
    Elly

    Profile photo of EllyHEllyH
    Member
    @ellyh
    Join Date: 2005
    Post Count: 16

    Hi F1Jordan,
    I’m in the same boat as you – and asked a similar Q a few days ago, got similar responses in relation to reading Steve’s 2nd book (which I had already read) – perhaps Hellman is on commission!! Don’t give up though if this is what you want to do. I gave up a good paying government job in March this year to follow my dream and work with my partner, and whilst it hasn’t been plain sailing I’ve loved every minute of it.

    A couple of other suggestions – consider value adding (adding a wall and converting a 2 bedder into a 3 bedder); and check out the stockmarket, if you have a few spare $’s now could be a good time to get in.

    Enjoy whatever you decide to take on, that’s what life is all about!

    Cheers
    Elly

    PS – Don and Liz – great post, thanks for the inspiration.

    Profile photo of EllyHEllyH
    Member
    @ellyh
    Join Date: 2005
    Post Count: 16

    I recently downloaded a 21 day trial of “Investment Detective” (from this site), which would be ideal for your scenario. You type in your figures and it does all of the calculations for you. I too have just started looking for my first investment, and it’s hard work. You could well be on to a winner though. Are you able to value add to the property, create an extra bedroom for example. Good luck, I hope it works out for you.

    Profile photo of EllyHEllyH
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    @ellyh
    Join Date: 2005
    Post Count: 16

    I have read Steve’s 2nd book, and I do know I need to increase the value of the property.

    I have read many Q’s and A’s over time on these forums similar to mine and no-one ever gives a straight answer. I can read books until the cows come home but that’s not going to make me money!!! Perhaps this concept doesn’t exist any more.

    You’re right I didn’t like your answer, because you didn’t give me one!

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