Forum Replies Created
Suggest seeking an independent rent appraisal on your property, this way you are not relying on one property managers opinion, educated or not…
Hope this helps.
Cheers,
GeoffBAdvantages of investing in NZ over Australia.
Cost of repairs. Tradesmen costs are considerably cheaper in NZ compared to Oz. One down side is some towns have long lead time to get works done due to a lack of tradies.
Cheers
GeoffBI could come up with a load of insights, however the first three straight up would be:
1. An investing plan’s success is inversely proportional to its length.
2. Invest in something you understand.
3. True investors learn from mistakes and march on.Cheers
GeoffBSuggest you write yourself some goals, 12 months, 3 years, 5 years etc. Once you have them in place break each of them into manageable actions, before you know it you are off and running.
Hope this helps….
Cheers
GeoffBI would question Commonwealth Bank.
I apply over the internet for a homeloan last week, 48 hours later I receive phone call advising loan was approved and my local branch would contact me re paperwork signing. Two hours latter I received another phone call from the Commonwealth advising the loan application was rejected. Ten minutes latter I receive another call from the local branch requesting meeting to sign the papers.
Every bank is disorganised and full of bureaucracy. If one bank can’t help you move on to the next, remember you are the client and if you are not respected as a client find someone who will….
Cheers
GeoffBThanks Steve for your kind comments.
I’m going to take a value added approach.
Cheers
GeoffBI’ve recently had a bad experience with a valuation.
Just had a valuation done on my PPOR which was $50k less than 12 months prior. I fell off my chair when told. Within that 12 month period I had $30k worth of renos done to 3 rooms.
I asked the bank if I could speak to the valuers to found out there method on valuation. Seems the valuer who did the inspection was from out of town, spent 5 minutes looking through the house, and rang a local RE to find out the property values in the area.
I proceeded to do my own valuation research by visiting every open inspection in a half km, ring every RE for there spin, payed $40.00 for an online valuation (came in what I expected), got comparative sold properties from the last 2 months and presented it to the valuers. To cut the story short I embarrassed them to a point they refused to talk to me, so I forward all the evidence to the bank, and told them to act.
In the mean time the bank got another valuation done from another valuer, all payed by the bank…….
My recommendation, do your own research and present it to the bank, make them fight the issue or change banks. Remember, the bank wants your business, your the client…
Good luck.
Cheers
GeoffBI use Bob Hill at the Professionals, haven’t had any issues.
Do a forum search on Bob, there has been chat about him before.
Property Management fees at the Professionals are very competitive, I haggled 7.5% with Bob and got it.
Cheers
GeoffB
