Yep.  Our job here on pi.com is to nitpick for the purpose of getting you a tenant asap.  Don't take any of the tips personally.  It's about getting cashflow into your pocket Sir Joe

Not for that kind of performance, no.

I give my PM a xmas present, and she is well aware I am appreciative of her efforts. But the difference is, she gets me great tenants, does so quickly, and keeps me very well informed of what's going on.

I do not see any point in rewarding someone that is sloppy.  So why would you give this PM a bonus? You…[Read more]

jmsrachel wrote:
JacM do you want to be my PM? You'll find me a tenant in no time!

Hahha. No, I'm not keen to be a rental manager. 

Now get your butt down to that house, measure the rooms and get a floor plan ready to issue to your PM.

You must understand how rental agents are remunerated.  Pretty sure your girl gets paid a base salary and does not get a bonus if she manages to quickly tenant all the properties on her books.  If this is so there is no incentive for her to bother.

A floorplan could help too.  A floorplan with dimensions of rooms included.

You don't have to be nasty about it… you can simply communicate that the vacancy is crippling you financially and you need to try something else to get the thing rented.  Whatever happens, some pictures need to change, it needs to have parking in its listing under the price, and there needs to be standard open for inspections advertised.  None…[Read more]

Cool, you've got plenty of thoughts to work with… hope it helps Joe !  I have to say, I'd be seriously angry if my agent couldn't figure out what was wrong given that the main photo has newspapers on the window. 

I see in the writeup it has a shed.  Ask the agent to get a picture of that too.  Does the house have security doors?  If so, I'd be mentioning it and getting a pic of them too if they look sturdy.

What about also putting a pic in there showing the backyard?  That would be relevant to families with young children.

I don't think the bath is the issue.  I think the photo of the front of the house having newspapers on the windows and not showing the offstreet parking in the pic is the problem.  Anyone filtering their search to include only properties with parking will not even see your place.  And there needs to be a scheduled open for inspection…[Read more]

The newspapers may be off the windows, but they are still in the picture.  Get the agent to re-do and re-post the picture.

Gotcha re the bath.  Makes perfect sense.

When you re-do the photo of the front of the house, get the driveway in the picture to show there is offstreet parking for the car.

just clocked the aircon. ignore my mention of the split system.

Hi Joe

Yep that's the one I thought it would be.

Here is what I see.

For some reason it is advertised with 0 carspaces.  The bit right under the price where it says 3 bed 1 bath should also say 2 car, because there is off street parking (albeit not in a garage).

This is no scheduled open for inspection on there.  Would it kill your agent to…[Read more]

OK what is the address?

Where's the link Joe?

When deciding what products to use (taps, shower rose, toilet), you really need to decide if you plan to hold the property or sell it immediately after the reno.  If you are going to hold onto it, you'll be very sorry if you go with cheapie taps and so on because your plumber will be back too frequently on maintenance calls.  If you are holding…[Read more]

Invest in a sleeping bag and have yourself a combined renovation and camping adventure!

No I don't have anything in Colac, but DWolfe does.  Great yields in terms of buy, reno and rent out as I understand it.

Interestingly, investors now have such a substantial stake in Geelong that investors that do not even live in Geelong were invited to vote in the recent council elections.  You got to submit your vote for mayor, and another vote for the council rep for your local district.  People with stakes in more than one district only got to vote in one…[Read more]