Been a PM, always acted ethically. Have seen the system in operation, read some of its training material, definately not my cup of tea.
cheers
thecrest

Hi Pensio
Crunch your numbers first, get all your quotes and costings on the table, then you can make an informed decision, or place it in this post.
cheers
thecrest

Hi CTA
I think you need a judgement recorded against them for the agencies to accept a bad rap on a tenant. In NSW, you have to lodge a judgement by the CTTT ( Tribunal) for collection by the Sheriff and the credit agencies pick it up somehow. Otherwise, their databases would be full of malicious gossip and poison pen letters.
I just got a free…[Read more]

TICA – Tenancy Information Centre of Australasia.

Part of the plan is to advise the prospective tenant that TICA is part of the deal, so immediately it discourages breaches of the lease.

PM’s or other subscribers to the TICA database, can printout a “search result nil” confirmation, showing that they checked the database for that particular…[Read more]

Rhys_T – please find that info, looks like a few people could use it, we all need to be on the ball with tenant selection. I still have bandaids all over me from being a PM, made most of the popular mistakes at least once.

Tenant selection has a risk factor, and by your own efforts you can minimise that percentage, or not.

PM, tenant selection…[Read more]

Thank you Philip.
I feel like I’m part of some new scheme called online forum style live software development, definately can’t get better service than this.

My first attempt to rollover some figures went haywire because I didn’t fully understand you, but I’ll erase some data and try again.

My version is marked in the Help/About file…[Read more]

Hi Carlin
Tenant selection is just about the most important process for a landlord.
The criteria for tenant selection varies with the type of property. If it’s an old rundown place, then you can expect mostly “marginal” applicants, and no gems.
If it’s a moderately good property or better, then it will attract better tenants, so you can raise the…[Read more]

Hi Carlin
Glad the slider is out. The decision about chasing the money is not easy. It probably should be done once for educational purposes, but expect poor results usually. The law tends to favour the poor unfortunates, and rarely favours you hard-working, self-sacrificing, gratification-delayed, bread’n’water eating, mean and grasping…[Read more]

Hi All
I’ve been using the software for a bit over a month now, and I like the ease of it all.
My current purpose for the software is to crunch the numbers on an investment IP to be used for self-contained short-term accommodation i.e. one or 2 nights, a week or 2 etc. Business, families, tourism.
I need to budget for the costs of complimentary…[Read more]

Hi Yasmina
Inspect the property with your PM if possible, unless occupied, explaining any areas of concern.Ensure your written agreement with the PM allows you to terminate the agreement anytime for any reason on no more than 30 days notice.
Make it clear what situations you want the PM to handle with or without reference to you. Give the PM the…[Read more]

First, drown-proof the kids with swimming lessons. Make sure the gates and fencing is the correct kid proof stuff. Instal a pool alarm & advise your neighbours what it sounds like.
and then, GO FOR THE POOL DAD. Your kids have the best playtime years ahead of them. I’ve been fortunate to have a pool, and the kids are always in it with their…[Read more]

Hi Carlin
It’s been my experience with Tribunals that you get what you ask for, provided you can show that you have been reasonable with the tenant, and ALL your paperwork is legally correct.
This usually means that you show that the rent is fair, you have always abided by the lease yourself in terms of attending to repairs & maintenance…[Read more]

On the basis of ” Find out whose problem it is, and give it to them ” it looks like the owner of the problem already has possession of it.
You don’t have a problem at your property, and you have not interfered with the pipes so
there appears to be no reason why you should be paying for repairs or replacement of pipes at someone else’s property.…[Read more]

Nothing worse than being under an inexperienced girl, especially during a complicated real estate transaction.

You need to discuss the entire event with Dept of Fair Trading and then make a decision as to whether to proceed or not, and how.

You don’t need me or anyone else to tell you to find another solicitor for your affairs.

good luck
cheers
thecrest

Assuming they want to make the necessary changes and sacrifices, success is theirs for the taking.
They have probably drifted into the current position by not managing their finances.

Firstly, they must clearly want to climb out of the hole. Otherwise, don’t bother.
Then they need a clear method of establishing their true financial position right…[Read more]

When buying a residential invertment property, buy one which 75% of the population in that suburb/area would be happy to live in. In doing so, you will always be able to find a suitable tenant.
Persistence is invincible.
cheers
thecrest

If the aim is to build people skills, then that is the focus.
Network marketing is a people business, and rapidly builds people skills. From a satellite viewpoint, the products and prices are incidental.

Amway system is financially successful and teaches volumes about motivation and people skills. Not my cup of tea. Unfortunately, some of the…[Read more]

Hi Dev
As a suggestion, if you seek a position in Real Estate Sales, target the geographical area you know, target the agents in that area with a prospecting letter, and a follow up personal visit. If you can do that effectively, and they are impressed with your presentation and persistence, and you have the product they want, they will know you…[Read more]

Use a PM. Like any professional, you pick a good one, you get a good job done.
Structure the agreement to ensure that it is in the PM’s interest to avoid tenant turnover, and to have a good tenant who pays regularly and renews the lease every year. Don’t pay for Tribunals, or high fees on re-lets, but pay well for rent collected and a bonus on nil…[Read more]

Hi Jenny
Doesn’t sound like a very active agent.
Check the ads for yours, and check that the agent is advertising at all. Ask them to fax or email the counter rental sheet daily ? Ring up like a stranger and ask what’s available to rent like your place . Place a for lease sign on the front lawn. If the agent is too slow, cut them loose, list it…[Read more]