Hi Joe

You can change PM mid-lease.  Just read your management agreement, it'll be something like "you are stuck with us for a minimum of 4mths".  But after that you can just sign a management authority with another agency and they will turn up on your PM's doorstep with the forms which require them to hand over all the records and keys and forms…[Read more]

Out of interest Joe, what sort of timeslots was the old PM offering to prospective tenants for the standard open for inspection time?  Was it Saturdays, or maybe a silly timeslot on a weekday when nobody can attend anyway, such as Wednesday 3pm when all the prospective tenants are at work?

ps as you mentioned, the old PM took 3months and didn't get you a tenant.  That is 12 multipled by $265 by the way.  That is a heck of a lot more than $1k.  I'll tell you what else… and you should be way more worried about this:  it's at the 90days vacant mark that you are no longer insured.  Check your policy out.  You do not want a vacancy of…[Read more]

How did this prospective tenant get your phone number?

Dude 7% or 6% or whatever is standard, and if you work it out, they are getting less than $1k per year to put up with however much effort comes their way.  If your tenant is a hassle with rent payments, your agent will have to converse with them often.  If they are of the obusive variety,…[Read more]

Thanks for the update Joe, that is great news

Some reasons would include:

Decent pics that show the facilities of the property
An agent that actually advertises an open for inspection with several days notice so people can make a plan to turn up
An agent that actually turns up with application forms in hand
An agent that actually responds to…[Read more]

ps writeup still says it is "currently rented".  this might put off owner occupier buyers?  Might be better to say "Achievable rental is $240 per week"

Hi Diana,  some thoughts:

– Third image… which is of the kitchen …. shame it doesn't have the colourful bits n pieces in the picture like image 2 does.

– Fourth image… which is of the front exterior …. seems to have been taken before the reno of the front garden?

– Sixth image … same deal as third image, would be nice if the colourful…[Read more]

I see the property has vanished from the for rent pages of http://www.realestate.com.au and I figure this is because it has now been rented.  Joe, is that the case?

BruceT wrote:
Hi JacM,

Do you (or anyone else, for that matter) have an accountant/solicitor/helpful person switched on to assist with setup of SMSF or borrowing in Latrobe Valley (VIC)?

I've followed your previous comments and would appreciate any advice being new to this site today.

Regards, 
Bruce

I'll send you a PM

Hi Ray 8% annual rental growth is not astounding… it's roughly how much the rent needs to go up by default to cope with the rising costs of the bills.  Anything else going for it?

So Joe…. are you going to attend the open tomorrow, or send someone in, to see if the new pics have helped with traffic?

Now that's what we're talking about.  Showing the facilities in the pictures.  Yay

Consider showing up to the open for inspection and eavesdropping on what the prospective tenants are saying.  Sometimes you hear some useful info that you can act on.

i have some empty cookie jars perfect for storing money.  in my house though.  i can't go lending my cookie jars out to people willy nilly.

Hmmmm.  Let's take it to a public vote.

Cool    Watching with great interest !!

I see that the ad on realestate.com still looks exactly the same as it did last night.  Given that Joe emailed the PM this morning, it is disappointing to see she has done absolutely nothing at all.  What's the phrase?  Your fired…

Why do you need anonymous purchase? Are you simply hoping to avoid tax and pray you don’t get caught? Do you not have a TFN and cannot be bothered to get one? Are you living under a new identity and fear your predators will find you if you have legit assets?

Mystery wrote:

jenny111 wrote:
I heard that Councils in QLD generally levy very high annual rates; hence take into account of this high charges. Also find out whether the unit sits on the University's land; if yes, you will be only buying the 'brick' building, not the land and thus, you will have to pay rent to the uni (or whoever the owner…[Read more]

Only thing I would change about the blurb is the use of the words "water closet".  There is a huge Indian population living in Laverton that might not realise that water closet means toilet.

Hi Daniel, what’s with the use of all capitals? It’s like yelling. Alter to mixed case and you will likely get more replies