Jo replied to the topic Ever had a real estate agent not forwarding offers to the seller? in the forum Help Needed! 4 years, 4 months ago
I have had a situation where we put in an offer on a unit with a 24 hour acceptance clause.
The agent said he would not present our offer until another party he was sure wanted to buy the property had had their inspection.
We don’t like playing these games so we put in the same offer for another unit in the complex which was promptly accepted.
Thanks Jacqui – hadn’t even thought about insurance being an issue.
Have another rental property that tenant uses for home daycare and our insurance went up be about $500 to cover that even though tenant is also ensured.
Naturally oassed this cost on to tenant though.
Will definitely have to look in to in insurance for subleasing!
Why not just ask one of the residents of the units.
If they are an owner-occupier they will be able to tell you who the strata manager is.
If they are a tenant then just ask who the property manager is and they will be able to give you the strata managers details.
Then simply write a letter to the strata manager.
Looking to purchase a block of 4 units currently leased to housing commission.
Current owner has a property manager looking after units as he lives interstate.
But if they are leased to housing commission do you really need a property manager??
Thanks for advise.
I agree that it is hard to find a financial advisor with unbiased advise which is why I’ve put it out there to find recommendations.
A mortgage broker is probably not what I need though as I already have several investment properties and may possibly not looking for any more depending on what advise I am given.
I am…[Read more]
Jo replied to the topic Looking to lease out my small motel in 2 years time – good idea? in the forum Commercial Property 4 years, 7 months ago
Thanks for update.
We’re still just in the idea stage of that’s what we will probably try to do.
Have only had these units 2 years and still want to pay down some more of the mortgage and get maybe 3 years of reliable figures.
Haven’t had a holiday yet so will this year probably find a quiet couple of weeks to just shut down and…[Read more]
Benny I think you hit the nail on the head and perhaps it is time to see a financial advisor,
Hard to put trust in one though with all the stories you hear.
Last one I saw years ago was just interested in selling me over to their super fund and flogging insurances.
Not sure how to proceed from here.
Currently have 9 investment properties worth approx 4 million with loans of 2.2 million.
Although equity looks good, don’t think banks would loan to me further as have recently changed and downgraded business so past 2 years tax returns are very low.
Looking to retire in next few years.
Unsure how to proceed.
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