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whatever mentioned above plus communication, communication, communication !
also communicate and liasing with landlord and tenants to resolve problems.
maximise investor's profit by scanning, selecting and recommending to landlord about the tenants application.
Finally, they pass the rent money to me !
I managed to track down to company director's number from their ex-staff !
I finally chase they up on the phone, some of the staffs were not get paid also ( for couple of month).
the staff was really p*ss off about the company directors. they give me the directors number.Every time I called the directors, they agreed to pay next week or within next few days. but never deliver their promise !!
I told them I would report to fair trading department or any relative legal department. they finally paid ! ( still gave me some reason about the computer issue, technically fund release issue……. )it was a frustrated experience !
I see, I lived in Earlwood for a couple of years before.
you right, Earlwood is a bit less popular than Marrickville.
The NSW budget to end the first home grant may push up the price a little. It happened last year when the stamp duty concession end, many first home buyers rush to the market.
As you mentioned that this property is take away 100 per week and you just had your first child.
If I were you, I would sell the property.
just to take advantage of the first home buyer, then later on buy back to Sydney market once you back to work have a bit more cashflow.you see negative cashfloww for 100pw and first your child are draining a lot of energy. If market go against you in the next 3 year. it's only give to be harder for you and you will face the same question whether to sale or not.
Once you go back to work and have a bit more cashflow, then you have more capacity to move forword.just think about what you really want out of investment.
investment should and suppose to deliver enjoyment not the worries. if you are really "hurting" financially and waiting for the unprodictable capital gain is going to be a chanllenging.Earlwood is a first home buyers place, take the advantage of the NSW budget announcement.
I hope this is helpful
I am in Sydney and have a few IP in the inner west area, also I lived and fimilar many suburbs in the inner west.
which suburb is your property located ?
I can give you some thought about the suburbs.
there are some suburbs in the inner west are very easy to get tenant or sell proprties.
Thank you for sharing.
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people really need to carefully select a creditable adviser.
It's so easy to turn blind eye and get rip off by those unethical and disgusting BS artists out there !
Agree !
1) give brokers a call to see how much you can borrow up to.
2) develop your own strategy
( spend some money to buy some books to read check up author, Steve Mcknight, Michael Yardney, John Fitzgerald…..)3) most of the authors have different strategy/opinion to the property investing you just have to see which one is more suitable to your situation.
4) go and apply your own stragety, meaning buy properties !!
5) on this property investing journey, there are a lot of spuikers ( they like to call themselve "guru","expert") ! watch out ! if you get unpleasant experience don't give up, keep going, and remember the lessons stick with good people and discard the bad people.
Good luck and enjoy this journey : )
if your property manager is good, you better keep them !
a good property manager is very hard to find ! worth of gold ! ( there are so many property managers have no idea what they are doing, no communication to clients ….)
Keep the good property manager, if the property manager is no good move on straight away, don't pray they will be good one day !
Hi Stacey,
I tried to contact you by email, however, your email was shown on your profile.
if you don't mind what's your email address ? I would like to know more about Orange and the suburb in Orange
Thank you
TaylorI understand your point that Wellington is a good entry point becasuse of the price is low. but Wellington according to ABS stat is only about 4500 population.
what's your property search criteria for population ? I heard some people say don't go to the population lower than 10,000.
just want to hear some experienced investor in the regional town what's they thought about low popluation and potential
