Always check what policies cover, ie., accidental, malicious…[Read more]

Therefore, if I were you, I would call the…[Read more]

I have had to claim on several policies for landlords (I’m the PM) and it is only when you do make a claim that you realise what is and what is not covered. IE., just making a claim through CGU and unless damage is malicious (and you can prove it), you are not covered. Example is polished floor boards (new at…[Read more]

I have landord insurance and it costs me approx $200 per property. I does not however cover “rent during vacancy periods” (would be fantastic if it did)!

What it covers are things like malicious & accidental damage ($500 excess per incident); shortfall in rent arrears if a tenant leaves (the amount covered depends on the reason the…[Read more]

Yasna & Simon

Yasna & Simon

Yasna & Simon

I hope as investors you don’t get a call from a PM (if you are using one) to describe a home that has just been trashed [bike2] or when you look at your statement, you wonder…[Read more]

If the tenant agrees [thumbsupanim] and the whole or part of the bond…[Read more]

Yasna & Simon

Yasna & Simon

Yasna & Simon

Q1) you cannot sublet without the agents, or landlords, approval;

Q2) RTA (1300 366 311) will give you advice, and you could try the REIQ. [gossip]

Q3) Rental agreements [dead2] can be obtained from RTA, I also think you can get them from a post office (used to be able to) or if you have…[Read more]

Do you have any such meetings planned for either north side of Brisbane or Sunshine Coast Region?
[gossip]

Yasna & Simon

Bye for now[bike2]

Yasna & Simon

Your all winners out there and I love reading all the posts. Here’s to a positive future.
[thumbsupanim]

Yasna & Simon

Greetings from Sunshine Coast, Qld! Rates on the coast here vary greatly. Most reputable and highly thought of PM’s charge 8.5% + GST, 1weeks re-let fee + GST, statement fee of between $5 & $6 +GST and maybe some advertising.

There are some other agencies that are trying to buy business with a fee of 5.5%. I know some investors that…[Read more]

Q: If you won a competition which allowed you to have lunch with 3 people you have never met (living), who would you choose, why and where would you go?

Yasna & Simon

For what it’s worth – I believe it is a good time to be buying, so long as you can find a property which will help you achieve your end goals.

With interest rates set to rise, it is unfortunate to know that due to cashing in on their equity, quite a few people will…[Read more]

Don’t have any good information for you however thought I’d let you know there are people out here on the forum having a read. I too am looking for info on industrial property and if I find out anything worthwhile, will let you know. Bye for now, [gossip]

Yasna & Simon

I agree in that I believe the market has definately changed! Agents now have to get out and seek business rather than waiting for it to come to them (as they were doing whilst the market was booming)!

The upshot of this is that we have turned the circle and are now in a buyers market (except for waterfront/prestige property). There is…[Read more]

As mentioned by…[Read more]

[daisy]

Yasna & Simon

Yasna & Simon

[bike2]

Yasna & Simon

It appears the more experienced and better respected charge 8.5% with a statement fee and one week’s rent as letting fee + advertising all extras.

there are definately a lot of “monkeys” out there so paying peanuts is generally not…[Read more]

Do you have a management agreement with your existing property manager? Somewhere it will set out the time frame for terminating the agreement. If there has been some serious breach, ie., they have stuffed up badly, then my advice would be to instigate the termination immediately and collect keys if you wish to manage yourself.

I…[Read more]

There appears to be alot to consider when looking at this possible venture. Will keep trying to solve this problem! Thanks for your response.

Yasna & Simon

Networking is a great way to keep up the motivation by talking to people who are positive and working towards similar type goals.

Count us in and if I can help, then will certainly try given we both work full time but can always make time to try and do something now…[Read more]

I shall find out if we can subdivide and then maybe look at costs, etc. of portable homes or some type housing as there is a nil vacancy rate with people screaming for accommodation.

Trying to keep…[Read more]

I’m a PM in Qld and agree that if they are not doing the job properly I would advise am taking business to other agent and one who gets suitable application, vetted by you, will get the management. Nothing they can do about this.

Regards, Yasna

Yasna & Simon

I am sure that we all have given in our own way to the charity we believe will help the most without posting it on this or any other forum.

Keep up the great work.

Yasna

If you have a property with a property manager and they are not “doing their job” then I would just…[Read more]

It is worthwhile having a look at, particularly in Qld, at the Residential Tenancy Authorities Website (RTA) which shows median rentals, I think the site is http://www.rta.qld.gov.au – see if that helps. Also the local real estate institutes may be able to help with some info.

Good luck

Yasna

The PAMD Form 20a comes in two parts – pages 1 – 3 just give the agent authority to provide details of your property to prospective tenants as well on page 2 at item 4.2 the notice period required to terminate the agreement. This must be signed by all parties.

The second section, pages 4 – 10 are the actual management agreement…[Read more]

I am a PM of a lot of years experience and my advice would be to terminate the agreement immediately as an agent has an obligation and a duty of care under the code of conduct to do everyting in their power to find you a suitable tenant is the shortest possible time!

You have indicated that another agent…[Read more]