[XeniaMember@xeniaJoin Date: 2002Post Count: 1,231]

July 22, 2007 - 11:51 am

Don't know anything about them but the words "rental return" ring alarm bells to me so do the words "new house and land packages". Return aside, how do the actaul valuations come up compared to the median average for that area? I would question whether they can afford a rental return if they wern't making money on capital that is way over the top for the area!

I bet they are also pushing the maximim depreciation benefit line…. this is due to that type of investment having nothing more than tax benefits to offer.

I would run not walk away from these, I personally only buy properties that offer value add potential and on large possibly subdividable blocks.

[XeniaMember@xeniaJoin Date: 2002Post Count: 1,231]

July 18, 2007 - 11:27 am

If you send me an email [email protected] I would be happy to recomend people we have used.

[XeniaMember@xeniaJoin Date: 2002Post Count: 1,231]

July 17, 2007 - 7:04 am

What does being religous have to do with real estate ethics? I don't get it!!

[XeniaMember@xeniaJoin Date: 2002Post Count: 1,231]

July 17, 2007 - 7:03 am

This is a specific question related to your own circumstances I doubt anyone here will even attempt to answer it.

[XeniaMember@xeniaJoin Date: 2002Post Count: 1,231]

July 16, 2007 - 1:14 pm

Yes I do thanks!!!

[XeniaMember@xeniaJoin Date: 2002Post Count: 1,231]

July 16, 2007 - 1:09 pm

Ian Schuler wrote:

As a landlord you have to provide a reasonable amount to the tenant.  If you want to charge for excess water then it has to metered and it has to be in th econtract.

.

This may be a state-specific thing but in SA landlords do not have to provide ANY water for tenants if it is written in the contract. If not stated as a clause then landlord pays for first 137 Kl and tenant pays for rest. There is no such thing as excess anymore (in SA anyway!).

[XeniaMember@xeniaJoin Date: 2002Post Count: 1,231]

July 16, 2007 - 8:06 am

Qlds007 wrote:

Which State are you referring to.

If it is Qld never use the "Cooling Off" period to terminate the Contract.

Why Not?

[XeniaMember@xeniaJoin Date: 2002Post Count: 1,231]

July 16, 2007 - 4:41 am

Margaret Lomaz and McKnight are 2 very different investing strategies one has a target audience of mum/dad keep it safe and work in a job all your life type investing and the other is more aggressive and geared towards making money now and replacing your income. Neither is right or wrong.

Thats why you need YOUR OWN PLAN, if you have a solid plan in place you can very easily dismiss what is not for you without getting confused with every persons different strategies. It took me a total of 2 minutes to work out that reading lomas books would not be worth my time it does not fit in with my own investing strategies. Some McKinights fit in but not all and the only reason I know this is because I know where I'm heading!

Start with the end in mind and work out what you want to achieve first before working out the means of transport to get there. Catching a bus is not for everyone!

[XeniaMember@xeniaJoin Date: 2002Post Count: 1,231]

July 16, 2007 - 4:32 am

Unless you are a professional valuer and buying first stage developments off the plan for a project that you know will be feasable through extensive due dilligence. I wouldn't touch them!

[XeniaMember@xeniaJoin Date: 2002Post Count: 1,231]

July 16, 2007 - 4:28 am

It is a condition of the use of realestate.com.au and domain that all listings are kept current and agents sign this agreement with the companies offering this service.

Not updating the listings immediately actually breaches their agreement and a call to realestate.com.au will actually get the agents in alot of trouble. They are also not allowed to advertise properties without a signed management or agency authority from the owners but alot of them do this too.

[XeniaMember@xeniaJoin Date: 2002Post Count: 1,231]

July 16, 2007 - 4:23 am

Thank god that return on investment in the property market is way ahead of inflation. That's why we are all here

[XeniaMember@xeniaJoin Date: 2002Post Count: 1,231]

July 16, 2007 - 4:20 am

There is usually a default amount in the tenancy legislation regarding the amount paid by the landlord and anything above that amount is billed to the tenants. Tenants can be charged ALL water usuage if it is worded as a condition on the lease contract.

[XeniaMember@xeniaJoin Date: 2002Post Count: 1,231]

July 16, 2007 - 4:17 am

It means that the valuation is below the purchase price.

[XeniaMember@xeniaJoin Date: 2002Post Count: 1,231]

July 16, 2007 - 4:15 am

use the cooling off period to pull out! needs to be in writing and istructions for cooling off are in the contract

[XeniaMember@xeniaJoin Date: 2002Post Count: 1,231]

July 13, 2007 - 12:26 pm

They are great for low risk mum dad investors or starting investors who want to continue working.
I personally like a more aggressive invstment strategy and don't believe in working for a salary. They cannot help people like me

[XeniaMember@xeniaJoin Date: 2002Post Count: 1,231]

July 13, 2007 - 12:21 pm

Here are some questions that we created for our property management company in SA:

http://www.adprop.com.au/cgi-bin/page.cgi?id=288 

They are SA biased but you can still get some good ideas from it.

All the best

[XeniaMember@xeniaJoin Date: 2002Post Count: 1,231]

July 7, 2007 - 12:52 pm

GoldCoastGirl wrote:

I've been in my current unit for 7 years straight. The Landlady (and her father who acts in her place when she isn't in the country) likes me as a tenant (or else I wouldn't have been there for so long). Should I approach the Landlady about possibly "renting to own" this unit I am within ? Or where can I start looking (besides the newspaper) to find "lease option" homes ? I ask as currently with my borrowing capacity I can only afford to borrow enough for a nice 1 bed unit. I am looking for a home as I have a cat and will be bringing my flatmate along with me so as to reduce costs in other areas so I can concentrate on "renting to own" the property. Or any place that will allow cats and/or a small dog. Wishing everyone prosperity! | http://www.goldcoastgirl.biz | http://www.goldcoastgirl.info |

I have been in property management for a long time and have honestly never heared of the word "landlady" Legislation refers to everyone, male or female, who own property as "landlords"
I have heared of people calling female managers as a "manageress" which is a made up word because in business a manager is a manager despite of gender, but never heared of landlady!!!

[XeniaMember@xeniaJoin Date: 2002Post Count: 1,231]

July 7, 2007 - 12:45 pm

Ostriches? How do you work out the gross rental yield or cash on cash return on and Ostritch?

When there is a downturn in the property market, invest in PROPERTIES! Smart investors will be cashed up and ready to buy at any time.

The individual deal is much more important that the stage of the market or the area it is purchased in!

[XeniaMember@xeniaJoin Date: 2002Post Count: 1,231]

July 7, 2007 - 12:40 pm

From a property managment veiwpoint there has been a bit of a drop in rent demands in the last month. We are noticing that we are having to drop rents down and get a bit more aggressive with marketing strategies to get properties filled. I think it's because there has been many new investors coming in and decreasing the demand by oversupplying the market.

The demand in rent may have dropped a bit and I think it will continue to drop more but it is offset by a huge capital growth that is happening at the moment. Purchasers are still very keen to buy at any price!

OK all speculations aside, it is always great to be an investor and with the right tools you should be able to work any market and make money!

[XeniaMember@xeniaJoin Date: 2002Post Count: 1,231]

July 6, 2007 - 1:53 pm

Boshy wrote:

Great comments everyone.  Thank you.

No problem!
The last reply was 2 years after the previous one!!! This thread was started in 05!!!!!