Total Members: 158,626

Verity01

  • Verity01 replied to the topic Landlord and building insurance in the forum Help Needed! 12 years ago

    Hi Lila77Due to the Financial Services Reform Act we cannot recommend insurance companies or policies, however many of our clients use AON, EBM insurance and Terri Scheer for landlord insurance policies.

  • Thank you for your valuable insight and advice Josh.Much appreciatedVerity

  • Verity01 replied to the topic Looking to buy first IP in Gladstone OTP need HELP! in the forum Help Needed! 12 years, 1 month ago

    Suggest you call a local Property Manager regarding rents….

  • Verity01 replied to the topic Funiture package from developer, yes or no? Pros & cons? in the forum Help Needed! 12 years, 1 month ago

    Hi Eddytraditionally I dont like furnished properties.  Points to consider being wear and tear, responsibility to repair/replace and who are you going to attract to the property? They dont necissarilly generate that much extra income to justify it in my experience and depending on the location, may attract undesirable tenants or restrict who you…[Read more]

  • Verity01 replied to the topic risks involved in self managing a property? in the forum Help Needed! 12 years, 1 month ago

    soloinvestor wrote:
    The insurance risk is not worth it. After successfully managing my 4 properties for years I finally got caught. Tenant did $10K worth of damage and insurance paid for $800!!! BECAUSE I did not have a property manager doing the required inspections etc etc!!

    perfect example!  we see this scenario often and one I often give…[Read more]

  • Verity01 replied to the topic Should we swap Real Estate Agents in the forum Help Needed! 12 years, 1 month ago

    Hi JackieWorking in the industry, I see time and time again the value and importance of quality marketing and the effect it has on the outcome and results for the client whether its sale or rentals.There is nothing wrong with being old school, however he has had his chance over three months and not produced anything and being rude is…[Read more]

  • Verity01 replied to the topic Buying a house with tenants in place in the forum Help Needed! 12 years, 1 month ago

    having said that we are in WA.  Suggest you contact REIV for proper clarification as it may vary from state to state.

  • Verity01 replied to the topic risks involved in self managing a property? in the forum Help Needed! 12 years, 1 month ago

    Hi Michaelfurther to all  of the above responses some Landlord insuance policies will not cover a private landlord which is leaving you really wide open in a worst case scenario.  I am a licensed property manager with two invesment properties that I dont even manage myself…..

  • Verity01 replied to the topic Determining possible rental rate post renovations? in the forum Value Adding 12 years, 3 months ago

    Catalyst wrote:

    VerityHodge wrote:

    Catalyst wrote:
    You can do that but I find mostly Real Estate Agents don't have vision. ie -they can't see what it WILL look like. Look on the net at what's available for rent. That will give you an indication. Look at what renovated places go for. It's hard for an agent to know because they don't know the…[Read more]

  • Verity01 replied to the topic Determining possible rental rate post renovations? in the forum tiger_ra wrote:
    I am looking
    12 years, 3 months ago

    tiger_ra wrote:
    I am looking to undertake a renovation on a unit that i may purchase this week, and will look to rent it out thereafter.  Do you know the best way to gauge what the likely new rental rate could be?  Can you ask a real estate agent from the rental department to make a suggestion even though you have not signed them on a property m…[Read more]

  • Verity01 replied to the topic Determining possible rental rate post renovations? in the forum Value Adding 12 years, 3 months ago

    Catalyst wrote:
    You can do that but I find mostly Real Estate Agents don't have vision. ie -they can't see what it WILL look like. Look on the net at what's available for rent. That will give you an indication. Look at what renovated places go for. It's hard for an agent to know because they don't know the quality of your work. You may say "new…[Read more]

  • Verity01 replied to the topic Property Management? in the forum General Property 12 years, 3 months ago

    Hi JYulia is on the right track however bear in mind, the Residential Tenancies Act provides legislative requirements that all agencies are required to follow.Essentially, all agents provide the same service, some just do it better than others!  This usually comes down to training and support systems in place and the individual property managers…[Read more]

  • Verity01 replied to the topic Your team of EXPERTS in the forum Help Needed! 12 years, 6 months ago

    Hi PaulProperty Management – usually the service that no one wants to pay for!!As a licensed property manager – I dont even manage my own properties.  Unfortunately the industry hasnt always had a great reputation however that has changed in recent years.  There is certainly a lot more training invested by employers as PM has usually been c…[Read more]

  • Verity01 replied to the topic OPINIONS PLEASE – CUSTODIAN WEALTH BUILDERS …NEW OR OLD??? in the forum Help Needed! 12 years, 6 months ago

    There are merits in buying old and new.  Depending on your purpose to invest.  For me, buying in a well established area (close to sea, river or CBD ie in Perth) with infrastucture ready and historical capital growth with the option to 'add value' is my first choice.Perhaps when I am earning millions, I will then prefer a newly built him with de…[Read more]

  • Verity01 replied to the topic Building a Team in Perth in the forum Hello
    I handle new business
    12 years, 6 months ago

    HelloI handle new business for the property management department for Realmark.I am happy to chat with you about any info you need regarding this type of service/industry.  I have worked in the industry for 14 years and am an active investor myself.My number 0408 004 459 if you would like to contact me.RegardsVerity

Verity01

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