Everyday Property Investing
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The Everyday Property Investing podcast is Australia's top property and investing podcast and provides entertaining and informative shows for property. We are passionate about helping beginner property investors to increase their knowledge about property and get involved in investing.
Everyday Property Investing
1y ago
Property Investing Strategy – Part 2 Buy and Hold for Capital Growth
Aim is to hold property that grows in value over time
Example
Property purchased in Sep 2019 for clients in Cannon Hill, Brisbane
Purchase price $730,000
Rental yield was approx 4.4% (based on 100%LVR) so would have been negatively geared
No renovations or alterations undertaken
Current estimated value is $1.1m
$370,000 increase in value (50%) in 3 years
Timing here was very fortunate as purchased just a couple of years prior to huge growth cycle
Expectations around growth – what is realistic, what is good?  ..read more
Everyday Property Investing
1y ago
Property Investing Strategy – Part 1 The how, why and what of property investing strategy Overview – Goal/purpose vs Mechanics
All property strategies aim for one or both of the following
Capital Growth
Income/yield
How we achieve these outcomes is where the mechanics of a strategy come in:
Buy and Hold
Positive Cashflow
Renovation
Development – DA, strata title, subdivision, building
Rooming accommodation
Short Term accommodation
Often various strategies may be combined within the one project – e.g. subdivision/renovation/building
Why is choosing a property strategy important when pe ..read more
Everyday Property Investing
1y ago
Selecting a property manager
Selecting a Property manager to interview
Ask for referrals – BA, other investors
Google reviews
Look at the website – is it modern, updated, review staff profiles
Interviewing
How many rentals does the agency manage
how many staff and their experience
How many rentals per manager – around 100 – 120 per staff member
How involved is the principal in the property management
Do you have an assistant or do you handle everything from start to finish
How long have you been a property manager?
How long have you been working for that office?
Processes:
Re ..read more
Everyday Property Investing
1y ago
Challenges with Property management
In this podcast episode we discuss some of the challenges experienced with property management, including:
Communication
Not responsive to emails
Doesn’t return calls
Large rent roll
Portfolio – Pod – Task based
Not enough staff
Low fees vs Good Service
Change of managers
Replace with juniors or lower quality
Bounce around between managers – no consistency (staff turn over)
BDM bait and switch
Management of maintenance
Not reporting maintenance
Maintenance approved but not actioned
Management of tenants
Routines n ..read more
Everyday Property Investing
1y ago
The Nuances and negotiation – part II
In this follow up negotiation episode Kaz and Lisa discuss three things that can go wrong in negotiation and how to avoid these things.
Death by solicitor
Distrust of agents and agents colluding
Getting it too easy
The post EPI 153 | Nuances of negotation – part II – what can go wrong appeared first on Everyday Property Investing ..read more
Everyday Property Investing
1y ago
The Nuances and negotiation – part 1
Lisa Parker and Kaz Young have learnt a few things over years as professional buyers agents. In this episode they are important tips for successful negotiations. Tackling more than just the standard rules and strategies, they talk about the subtleties of negotiating in part 1 of this discussion.
A lot of people are involved in the negotiation process. Not just vendors and buyer. Agent, buyer agent, lawyers, family members (especially when it is a deceased estate or elderly moving into care).
Determine the priorities of other parties and impact ..read more
Everyday Property Investing
1y ago
Rental Reforms for Property Investors
Changes to rental legislation in Victoria are now around 12 months old. These changes to the responsibilities of tenants and owners have had a significant impact on investors and in this episode we speak with Megan Stuart, from Mint Property Management to outline the legislative changes and their impact. With similar legislation having rolled out or being implemented in other states, this discussion is relevant for all property investors.
The post EPI 151 | Rental reforms for property investors appeared first on Everyday Property Invest ..read more
Everyday Property Investing
1y ago
Property Developer – Justin Gehde
In this episode, Kaz interviews long time Everyday Property Investing listener and Property Developer, Justin Gehde about his journey into the world of Property Development, including the pros and cons of developing and what it takes to be a good property developer.
Learn more about Property Development
Check out Justin’s podcast and property developer training course:
The Property Developer Podcast
Property Developer Training
Other related podcasts
You can also checkout episodes 25,26 and 27 with Troy Harris where we covered property development.
Th ..read more
Everyday Property Investing
1y ago
What is stamp duty?
(From Business.gov.au)
Stamp duty is a tax that state and territory governments for certain documents and transactions such as:
Vehicle registrations and transfers
Insurance policies
Leases and mortgages
Hire purchase agreements
Transfers of property (business, real estate, some shares)
With respect to stamp duty on a property purchase this is usually paid in a lump sum up front by the buyer as part of the transaction so it forms a big ticket cost item that buyers have to have ready and available in order to purchase. Typically, as a purchase cost, it’s not part of ..read more
Everyday Property Investing
1y ago
Are you one of the many people who have always planned to invest in property but for some reason just never quite got going? Or perhaps one of the many people who maybe purchased one investment property and had great plans to build that portfolio but just….got busy?
Then this is the episode for you! In this episode we’re going to talk about how to take charge of your property journey. Lisa and Kaz talk about getting clear on your property goals, identifying barriers and how to overcome them.
The post EPI 148 | Taking charge of your property journey appeared first on Ev ..read more