Been caught with pet problems as a PM. One tenant with a dog moved out, house looking OK, I refunded the bond to the tenant, he relocated interstate. New tenant moves in with no pets. After 2 weeks in residence, he has a flea plague and red spots all over his ankles. The flea eggs had hatched, nice little time bomb. The house needed an immediate…[Read more]

Hi Milly
doesn’t sound like a good PM. Can’t speak for Qld, but, in NSW, the PM has the legal obligation to look after the best interests of the PO. In your case, the PM placed you, herself and the REA licencee in danger of litigation by the tenant for compensation for any medical problems resulting from the ignored problem of the lice. She’s in…[Read more]

Me too please – I operate a motel, and have looked distantly at some Management Rights opportunities, and wondered what they’re really like. Someone tell us all about it please.
cheers
thecrest

There’s an Aussie couple in Vanuatu who’ve done a subdivision. They’d be worth talking to. They live there. Seen photos of their work. Ask the Embassy , Consul or whatever Vanuatu has in Oz about contact details of the Vanuatu “Ministry of Lands” there, or whatever they call it, they’ll give you a contact name and contact details.
cheers
thecrest

IP 1. Request from PM a list of all persons occupying the property, and their tenancy application. The problem here is that if someone not on the lease and not vetted by the PM is explicitly or implicitly and knowingly permitted to occupy the premises by the PM, then that person(s) have the right to apply to the Tribunal to be recognised as a…[Read more]

Someone ratted to a teacher about my son’s new cap he likes wearing to school, now he’s banned from wearing it – big letters on the front just say ” FIGJAM “.
Turns out to mean “F— I’m Good Just Ask Me. [specool]
Some teachers have no sense of humour.
cheers
thecrest

Hi AusProp – why wouldn’t you do it ? I’d like a long settlement with unfettered access, about the same period it takes for the reno. Minimum outlay during reno time minimises interest during no-income producing period. But what are the pitfalls you’re concerned about ? I could be walking down this very track next week, looking at a coastal…[Read more]

Might be wrong here but I thought you could arrange a contract without cooling off period and access clause granting the purchaser unfettered access to the property for the period between exchange and settlement ?
Any legal eagles on the forum here ? straighten me out if this is wrong please.
cheers
thecrest

Good onya Yorker, the cosmos has delivered.
cheers
thecrest

Just settled on a commercial property financed by St George. They have the option to call on more cash from me if the LVR exceeds 60%.
cheers
thecrest

Onya DD – voting with your feet
cheers
thecrest

Speaking as an ex PM in NSW – Wow what a slug ! With fees like that, they’re not going to care whether they collect rent or not, or go to Tribunals, or the tenant does a runner. Its a win win win for the REA. Actually looks like a REA windfall every time you lose a tenant, so why would any agent want to find you a stable tenant? Better to have…[Read more]

Sorry Jaffasoft, motels are the way to go, need a good rest and facilities to be smart enough to deal in property, don’t like the property hunting safari style bit. Besides, if everyone went camping, us moteliers would go broke. [biggrin]
cheers
thecrest

Hi LifeX – You must be a good person who wants to help others. That makes you a soft target in PM. I tried mixing social work with PM and still have bandaids all over me. They don’t mix successfully without you suffering at regular intervals, and also enjoying the special satisfying feeling of helping someone worthwhile out of a hole.
I adopted…[Read more]

Elec heater ?? In Orange ?!! It’s a wonder the last tenant didn’t die last winter – Orange is legendary for cold weather, it snowed near there yesterday on Mt Canobolas. Put the heater in for humanitarian reasons and the other reasons mentioned by DD are a bonus for all concerned.
cheers
thecrest

The rent increase is overdue anyway if the rent level is below market. No need to add the extra expenditure, don’t play all your cards at once. Get the increase in place, wait a few months for the new level of rent to become the norm, and for the weather to warm before offering an airconditioner, on a stinking summer’s day and night, an…[Read more]

I listen to Orange popular radio every day, because I’m in their radio radius. ( if you can’t listen to the Lawsie show every weekday morning, then try and have a nice morning anyway.)
. Raine & Horne Orange advertise heavily as being very active agents. But, the REA who has the highest enquiry rate will always win.
Demand the following :
copies…[Read more]

Sounds like you haven’t settled if you have to rely on others to unlock the property for you.
You can still demand that the property become “as inspected.” The selling agent is responsible to ensure that the property is handed over as described, and as inspected. When you say “your agent”, and assuming they have a hand in the deal and they are on…[Read more]

Great post, it’s going to help me a lot. Great website too, congratulations, love the calculator, been looking for one like yours. Thanks a lot.
cheers [specool]
thecrest

Dear Jason
You can sell the property anytime you like. But if the lease is still in the fixed period, then the lease is still binding on both parties, the tenants and whoever the owner is. You can negotiate with the tenants, but you can’t remove them against their will until the lease expires.
The tenants can jump either way when their place is up…[Read more]