Here’s a double offer which should get a PM’s attention and funnel the next good tenant your way (provided they have any enquiries that is)
1. Offer the PM / REA $100 bonus to sign up a good tenant at your rent figure in the next 10 days and
2. after 10 days, it goes to another REA.

good luck
cheers
thecrest

Hi Wayne
I’m awaiting quotes re a/c vs evap system on a 2 storey residence. Been uphill all the way with so many conflicting opinions and no shows. An a/c consulting engineer crossed my path just when I needed him, and is clearing things up for me (the cosmos delivers once again with hair-raising accuracy and timing, thank you).
I’m trying to…[Read more]

Hi Mark76g
I recently bought a commercial property financed by St George Bank – at 16% discount to the valuation. St George said well done, half your luck mate, and allowed for this 16% amount to be additional equity (deposit) for me in their LVR calculation, and why not !
It should be the same scenario when the property appreciates and you want…[Read more]

Hi Tman
Elika is right, and others too. But it is most important to identify the problem and do something about it, otherwise it might cause your tenant to move, and it’ll be there for the next tenant too. Check that the rent level is correct. Check with the neighbours about noise or other local negatives. If there’s too much supply, Monopoly &…[Read more]

Hi Shaunwalker
Check that McDonalds or some other large takeaway biz is not moving in nearby. Check council that the property and business complies, pizza shop near me was ordered by council to instal a greasetrap for $30K.
Value the shop without the business, they might declare bankrupt & go, you might have to sell it empty.
Don’t take on the…[Read more]

Hi Monopoly
You’re very understanding, thank you.
Haven’t had a reply or acceptance of help yet from mikesemple, but the door’s still open.
My inheritance process was quite complicated, stressful and was a very steep learning curve for me. I had no prior knowledge, and felt I was swimming with sharks. If I could make a similar situation easier for…[Read more]

Hi all

[offtopic] ??

cheers
thecrest

Hi Malachii
That’s a dirty deal. If it was found that either REA has not acted in your best interest, they are liable. The process is available, and is probably lengthy. It’d be tempting to put a very sharp-toothed 10% ambulanace chaser type legal hound onto the REA’s heels.
Sounds like you need a good PM and a good REA, and you are suffering from…[Read more]

The PM has the legal obligation to act in the PO’s best interests at all times. That covers most problems. The rest you should be able to cover in the MA. Particular attention should be paid to clauses covering who pays for ads, 30 day notice to terminate MA, re-let & other fees. Avoid Tribunal and inspection fees, makes them bother good tenants…[Read more]

Hi Rodie
The goalposts have moved, and if your ex teams up with another partner who also wants to plan ahead, a collision is likely.
Why not set yourselves an exit strategy / agreement in writing for 2 years hence, get your own personal and private wealth creation plan formulated with all the right professional help, and then you’re set on your…[Read more]

Hi Mikesemple
Unfortunately I completed this personal scenario last year and handled it myself with professionals.
PM or email me for a chat and I’ll give you the details, maybe a bit morbid to torment a forum with these details.
cheers
crest133

Hi Millsy
You will need a handyman, they are always available, especially in rural or remote areas. Pay him some extra to do property inspections for you, while he is doing routine maintenance. While he’s there, replace all tap washers, oil anything, check insect screens, carpet, cleanliness inside & out, roof & gutters, read the water meter,…[Read more]

It would be very convenient if it ceased working and had to be replaced.
cheers
thecrest

Hi Muppet
Say, just while you’re in your clairvoyant dreamstate, would you happen to have 6 winning lotto numbers for Sat night too ? Just so I know which numbers to avoid.
Ta mate
thecrest

Ask the company who keep the default files for instructions on how to have an error in their files rectified.
cheers
thecrest

Hi Shaunwalker
It’s a free country. You can charge what you like for the rent, the tenant has choices too, object, pay up, or leave. If you want to increase the rent, instruct the PM to increase the rent, end of story. If he refuses to follow reasonable instructions, and let’s face it, $5 is reasonable, then burn him. Fax the PM and CC the…[Read more]

Hi Andrewwest
Just went through the process of a commercial loan for a hospitality property, and bought one.
St George came to the party, LVR up to 60%, and may have gone higher.
However, I found out too late that if I used a residential property as security for the commercial loan, the LVR is higher. This might help you to get the deal over the…[Read more]

Hi Bennido
Property Management is not social work. Just because the previous owner was soft, ignorant of rent levels, or could afford to be generous, doesn’t mean you have to copy them.
Consider a wrap, they might feel entrenched, not want to lose all that history etc etc.
Or match the market rent.
Provided you have a good property, there are…[Read more]

Hi Stranger
Congrats. Suggest you setup automatic rent payments from centrelink or your bank to guarantee payment is always punctual. Pay one extra week to start and always then pay your rent again when it is still that one week in advance. If you vacate, get a complete printout of your rent record from the REA, copy of final condition report,…[Read more]

Check the local paper in your property’s suburb, and see which REA already advertises the most in the category of your property e.g. units, or farm, or commercial, whatever your property is, which you haven’t mentioned in your post.
That REA should already have a reasonably good enquiry rate on your type of property, so capitalise on it.
cheers
thecrest