Archive for the ‘Managing’ Category

Case Study – 4/10-12 William Street, Hornsby

Property details:
Strata Title, 1 Bedrooms, 1 Bathroom, 1 Garage.

Sold by Private Treaty, with tenant in place and with a no-fuss sale.

More property details can be found here.

 
Result details:
Sold $505,000

Extremely Happy Vendors and Happy Purchasers!

Interested in selling your own home or investment property? Or even considering renting it out or changing property management companies? Contact us today to find out more … Read the full post »

Is it time for Aircon to be a minimum standard in rental properties?

https://youtu.be/pU4Wc7uC3NU?si=Pv1ciiBvvwknjhTT

 

 
As Sydney sweltered through a Saturday that saw temperatures pass 43 degrees a strong trend began to run through social media across all platforms.

How do renters stay cool without air conditioning in their homes?

Renters who are not able to install anything more than a portable air conditioner (the type that needs to be vented through a window) took their socials … Read the full post »

Is my property fit for habitation as a rental property?

https://www.youtube.com/watch?v=WxGqb5yqB_A&t=1s

 

Did you know there are prescribed minimum standards when it comes to a home and whether it is fit for habitation as a rental property?

Residential Tenancies Act 2010 (NSW) in Section 52 (A) provides a very clear set of expectations for Tenants, Landlords, and Property Managers.

Here is the list of the seven (7) minimum standards that must be met for a rental property:

Be structurally sound
Have adequate lighting, either … Read the full post »

Case Study – 6/9 Edgeworth David Avenue, Hornsby


Property details:

Strata Title 2 Bed, 1 Bathroom, 1 Garage Sold by Private Treaty with a no-fuss sale. More property details can be found here.  
Result details:

Sold $603,000 – with a contract signed in under 4 weeks. $53,000 special levy.
We gave Buyers different options on how to purchase the property…. Read the full post »

‘Mass exodus’: why investors are jumping ship

https://youtu.be/I_w5pTIX8Cc
Australia is losing critical rental stock at a time when it’s needed more than ever due to record migration.
Alarming new polling has revealed almost one in eight investors across the country sold a rental property over the past year, with 73 per cent of the properties selling to owner-occupiers.
NSW investors accounted for about 20 per cent of the … Read the full post »

Property Seeker Survey 2023 – Presented by Realestate.com.au

[embed]https://youtu.be/Ap3JV_ZF864?si=Z2vhfo_QGfIPs76F[/embed]

 

Rachel Stark, one of our team members attended this online presentation of the Property Seeker Survey 2023, in late August – presented by Realestate.com.au

 

Below are some of the notes from the presentation and can be considered as a summary. Please note, they do not include all the facts that were presented that day.

 
Survey Summary:

Survey data collected in May 2023. 6,300+ participants took part. The largest survey of its kind … Read the full post »

Case Study – Sale of 48A Cameron Street, Doonside


 
Property details:

4Bed, 2 Bathroom, 2 Car space – 714sqm

Sold under the Hammer, with a 4-week campaign, no-fuss sale, and above reserve price. More property details can be found here.  
Result details:

Sold  $1,170,000

Three individual parties made multiple Pre-Auction offers on the property.

Outstanding … Read the full post »

Landlords! Don’t Incorrectly Claim Expenses – Avoid Making Mistakes On Annual Returns

 

https://youtu.be/xozZ6rb48v8

 

This past week the Sydney Morning Herald published James Massola’s article “Tax Office to crack down on Landlords, capital gains, work-related tax deductions”. Also The Daily Aus has reported on it too.

 

When it comes to Landlords, he emphasised that the ATO has plans to come down hard this financial year, as there have been incorrectly claimed expenses and mistakes on their annual returns. Massola claims a review found nine … Read the full post »

What do you do if you are a Landlord and are unhappy with your current Property Manager?

John Pye Real Estate continues to pick up a large number of property managements where Landlords are stressed out over their current management situation.

To Sell Or Not To Sell Your Investment Property – Updated

to sell or not to sell

Some Landlords think that if their investment property becomes vacant, it is a good time to sell it.

This view may result from a concern that it may take some time to find a new Tenant and thus there will be a loss of income. Added to this concern is the fact that the rental market can change … Read the full post »

Five Massive Mistakes Property Investors Make

 

https://youtu.be/zI-IvIti6Ww

 

When it comes to renting out your property for the first time, new Property Investors can make some big mistakes that can cost them dearly later on.

So to help you make the right decisions upfront, here are FIVE MASSIVE mistakes to avoid:

 

Don’t Choose Your Agent Based on Cheap Fees.

As the saying goes, cheap fees are cheap for a reason, and if you’ve selected an Agent because they are cheaper than … Read the full post »

Tax Return Dates Australian Property Investors Must Know

https://youtu.be/Myte5DJO6NE

 

 

 

 

Missing a tax deadline is not only stressful but can set a tax return back and potentially result in fines or legal penalties.

Never miss an important tax date again by adding the following dates to your 2023 calendar.

2023 Key Tax Dates
Tax return lodgement dates vary between individuals, companies, trusts and partnerships.

The key factors that determine an individual or entity’s relevant return date … Read the full post »

Building a Better Landlord and Tenant Relationship Updated

 

Good relationships are important in life and in our experience of over 30 years of managing investment properties, we know that the Landlord/Tenant relationship is just as important as any other.

Apart from fulfilling the obligations according to the Residential Tenancy Act and the obligations within a lease, it is important to sow good values into your relationship. We believe you will reap … Read the full post »

Q & A about new Rent Bidding Regulations

REINSW recently sought guidance from NSW Fair Trading in relation to the queries they’ve received from agents about different rent bidding scenarios. Read on to find out Fair Trading’s responses to our members’ questions below.

Conversations in the Office – Once sold, where can you go to live if you haven’t found somewhere to buy

https://youtu.be/h2u4Cpv-4nI

Fixed Term vs Periodic Tenancies – Updated

 

In the past it has been a common practice for New South Wales Real Estate Agencies to commence a new Tenancy with a Fixed Term Tenancy Agreement and at the end of the term, simply continue the Tenancy as a Periodic or Continuing Agreement.

When changes occur within the Residential Tenancies Act, Agents must review systems and procedures to cater for the … Read the full post »

Case Study – Sale of 402 Somerville Road, Hornsby Heights

 

Property details:

5 Bedroom, 2 Bathrooms, 2 Car Garage house.

Launched property with two separate tenants in each part of the home. Exchanged contracts with one set of tenants (had been occupying for 17 years) and provided assistance in helping the remaining tenant find their new home prior to settlement, as the contract was vacant … Read the full post »

Case Study – Sale of B402/2 Bobbin Head Road, Pymble


Property details:

2Bed, 2 Bathroom, 2 Car space + storage cage

Exchanged in just under 2 weeks with a quick, no-fuss sale at a good price above Vendor’s expectation on price.
More property details can be found here
 
Result details:

Sold  $920,000

Five individual active parties made multiple offers on … Read the full post »

Case Study – Rental of 8/294-296 Pennant Hills Road, Pennant Hills

Property details: 

2 Bedroom, 2 Bathroom, 1 Car garage in a secure parking area

Deposited after two open homes on Saturday and Wednesday (these people missed the Saturday’s inspection)

More property details here  

 
Result details:

Deposited at full price – $450 per week
5 applications … Read the full post »

Case Study – Rental of 22 Montview Parade, Hornsby Heights

Property details: 

3 Bedroom, 2 Bathroom, 1 assigned car park – half house as Granny Flat downstairs is also rented.

Deposited after three open homes on Wednesday, Saturday and Wednesday

More property details here  

 
Result details:

Deposited at full price – $850 per week
22 … Read the full post »

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