Відео

You raise some very important points about the power imbalance between owners and tenants and the different types of fears each side faces. While this video focused on not letting emotions outweigh decisions for a healthy business transaction, investors need to remember to treat their investments like a business, which can be challenging. I agree that addressing the needs of three different audiences would be refreshing -owners, renters, and public policy-would be a very direct and likely argumentative discussion. It's hard to imagine all three sides agreeing on anything though. It's crucial that everyone involved in the housing market, including agents, tenants and owners, understands the basics and can offer informed advice. However, property managers can't legally provide certain advice, which is why we recommend reaching out to other organisations. When advice is given and both sides choose not to accept it, it becomes a complex situation. What do you do then?

​@@samanthaeason4281 True true, when either side doesn't listen - all I'd change there is to keep everyone educated when they're engaged, e.g. add to the glossy flyers, 1-page reminders drawn up by industry associations & regulators, "your rights & responsibilities". Your point is made better than I said it: "Remember to treat it like a business" really sums it all up, both in terms of the limits of the owner and the oversize power & responsibility of the "landed gentry" (I use the old fashioned term to imply that these truths go back centuries). And so my assertion is pretty broad and subtle: Remember your place. "Noblesse oblige", translates as MCU says, "with great power comes great responsibility". It's more of a series of don'ts: 1. Don't cry poor when renters rights are proposed in public debate. You're not as poor as you think (or sound). Only compare yourself to the owners in countries where they actually prove what it's like. 2. Don't cry poor when the tax system changes incentives, or they are proposed. The entire economy improves if a slice of investment ends up in businesses and factories instead of homes. Short term pain, long term gain, and anyway, you're not as poor or powerless as you think. (CGT discounts is what I'm pointing at). 3. Don't assume your personal interests are the same as a company with tens or hundreds of rental properties. Proposals that talk about you shouldn't be lumped into ones that talk about "owners" who hold AGMs far away. As an owner with 1 or maybe 2 properties, you have more in common with the renter - you might want to or need to live in that property (again) one day. You'll also be far more likely to visit it, care about it, etc. You don't EVER need to sympathise for the welfare of a large business, who never thinks about you (when lobbying the politicians). The small business vs big business divide is pretty huge, but we should get behind the popular support of small business. It's the people who work hard that make the world turn: Renters spending their income, owner occupiers meeting rate rises, agents on the ground solving problems, and landlords with a small portfolio - the vast majority of them.

The tenant was able to afford the rent, they couldn’t afford the market rent so the rent was kept at what they could afford. The tenant had a situation happen at the end of the tenancy that caused the situation to get out of hand. The landlord was informed, the landlord didn’t want to do the upgrades required earlier, and kept the tenant in. Todd kept the discussion short because it was for a weekly slice, and there was a lot of detail that couldn’t be put in. And yes one of the trades could not finish the job because of his mental health. He wasn’t organised for painting the walls, he was organised for removing the belongings. People are still people?

As the agent said in her own words, if the tenant could not afford the property ‘several years ago’, it’s not that the tenant had something happen at the end of the tenancy. This was coming for years. Both the agent and landlord should not have waited for that long. In my opinion, there was no need to wait that long and end up in the tribunal. The tenant absolutely took advantage of this situation and even had the audacity to damage the property in the end. The tenant clearly did not feel grateful for the landlord giving him $250 discount per week for several years. Why does the trade feel bad for this tenant? Is he going to refuse every job that he feels uncomfortable about? Someone has to vacate the property and remove the belongings so it can be offered to another family that is happy to pay rent. The tenant owed the landlord so much in rent and purposely caused harm.

@@2018momo the tenant was able to afford the property and the rent that it was kept at from the beginning of the tenancy and up until early this year. The owner kept the tenant in because of the situation the tenant was in, medically and because they continued to catch up in arrears. That’s the point of the story, if this happens over 6-12 months, don’t resign with the tenant. Cut your loss and move on quickly. I didn’t put the tenant in, nor did I want to tenant to continue. Every renewal the recommendation was to have the tenant vacate, do up the property. The owner wouldn’t and couldn’t. The owner kept the tenant in. I agree with you regarding the trades comments and situation, but unfortunately it was a hurdle that had to be overcome. No matter the recommendations the property agent advised at the end of the day it’s the owners property and the owners choice. 100% the tenant took advantage, but as Todd said, there is a line that has to be drawn and that line wasn’t drawn. That’s why you don’t do this as a a landlord.

@@samanthaeason4281 thanks for the clarification, there’s a lesson to be learnt here.

PS. Balga was split in two and half was renamed as Westminster, in an attempt to "revamp"

Thanks mate, glad you enjoyed it 🙌🏼

Yeah it's a real tricky subject, I know some people that are totally in the category you're referring to but then a lot that are in exactly the category Cam's referring to

So on what data does he use to say that few people are really struggling to pay rent and most aren’t? He knows how out of touch that statement is? SMH

haha that feel like a "I see you, watching me, watching you" Maybe we could make a property investing version of that show drunk history 🤣 complex strategy explained after a whole bunch of vodka

@@pizzaandproperty1246 @jefmiles and I are in. You bring the pizza and we bring the booz. It's on 😄

@@pizzaandproperty1246 I'll wait by my inbox for the invite mate 😄

@@pizzaandproperty1246 Mate, dont make promised you cant keep :D @jefmiles and i will be there with bells and whistles :D

You don't like investing in Blue collar areas?

@@pizzaandproperty1246 depends on your strategy, if you are flipping there is better value elsewhere as a lot of the Armadale houses have the subfloor type floors which can easily catch a novice buyer out- even with a building inspection.

That and public housing everywhere !!!!

That never made the list the US seems to have that fully leased for now

Hey bro, I hear you it's tight atm, Just jumped on realestate.com.au found a few but they are all under offer apart from one that's a 2 bedder The list isn't meant to be a panacea to finding the perfect property in an instant though, it should be used as a guide to better understand what areas to look into in more detail and build relationships in with agents. If there's something you feel it's missing I do love getting feed back on what we can do to make it serve people better 🙂 happy investing mate 🙌🏼

Thanks mate 🙂

Hey mate, glad you enjoyed it 🙂 yeah 100% we'll be creating these on a few other markets, so your votes for Brisbane under$750k?

Roger that

You mean you've missed the boat for Armadale?

@@pizzaandproperty1246 I'd suggest so unless you're buying a cracking deal which is nigh on impossible in Perth, possible if patient 🥳🙏

@@jefmiles8296 What if i fomo buy today? 😄

Lol solid strategy 😂

Thanks dude, love hearing when the episode hits the spot 🙌🏼

Thanks mate love hearing you're getting value from the data 👍🏼 100% it's hard to pull off but thats the whole point of this episode to expand people thinking into what needs to be done and where to look to do exactly that. I'm all for getting educated and doing it yourself if thats the best fit for you, but if you feel you can't it's a good idea to chat with a BA that's securing IP's well under the $580k price point. Happy investing bro 🙂

@@pizzaandproperty1246 I’m the founder of a buyers agency :) land size would need to be below 350sqm or looking at a townhouse purchase under $580k today :) Great podcast but love tuning in👌🏽💯

Thats great mate! best of luck with the business 🙌🏼

Yeah you tell em angry yellow Jet 😜

Thanks mate 🙌🏼

Give it a few years mate, think you should be happy you didn't!

Yeah true not really booming, did I say they were in the ep?

They are both "Logan's". Balga/Westminster/Nollamara already at the top but pile in if you want to go underwater

2 investors I've interviewed on the show that $20m+ and $50m+ built a massive part of their portfolios in Logan when the rest of the country was telling them they were mad.

@@leonie563 clueless

Yeah I dont think many people will be buying there if they watch this ep. Do you think it deserved the thumping?

@@pizzaandproperty1246 I was considering a investment poperty there or Waroona 🤣Great show, thanks mate.

Sounds like this was pretty good timing 🙌🏼 Happy investing bro 🙂

Hey mate, yes 100% will be doing more eps like this, if we did one on QLD what would you like to see the focus on?

@@pizzaandproperty1246 andergrove, rockhampton city, mackay , glen eden new auckland haha

Living in Perth myself and owning investments properties here some being on the suburbs you mentioned like Westminster & midland I tend to disagree with you ,just because a suburb has a stigma doesn’t mean the tenants will destroy your property in-fact the properties in those suburbs have been less of an headache then some of mine in better suburbs they always think they’re more “ entitled “ because they’re paying higher rent for a better suburb. It all depends on your property manager and selecting good tenants from the start and less on the location.

I have an investment property in Westminster .. have had 2 tenants since buying and they've both been great. 3x2 currently rented at 680.. had over 50 applicants for our last home open, some of the applications were solid. Was looking at Balga and Nollamara, Westminster is much better than both

​@@blackdox3002I got a rental in Nollamara on Westminster border 18 years now I've had it since new. Cant wait to offload it in the next month or so. Been a long haul good to finally see a payday

No doubt there are good and bad tenants in all areas and agree screening properly helps. Clearly my experiences are different to yours though albeit mine was maybe when there was a lot of state housing in those areas. But that’s fine. I’m glad it’s worked out better for you all.

@@adrian8818 plenty of growth to come in that area but can understand

Thanks mate, wise words "Best time to buy always yesterday" 👈🏼🙂

City of Swan Midland City of Wanneroo Butler City of Stirling Westminster City of Armadale Armadale All of them are detonate suburbs or build to rent. Local knowledge is everything

Sounds like you've got the local lingo too mate! "Detonate suburbs" you mean they're about to boom again?

Hard to find that anywhere else close to a capital city in Aus

Albany is in the bush, mite as well call it a different state

haha yeah I read that wrong... 🤨

How far away from the airport would you want to be?

whats the main indicators for property to grow ?

There's not one indicator there's multiple, if you rely on one indicator on its own it can lead you down the wrong path

Glad you liked it!! Thanks mate 🙌🏼

Thanks mate 😊 will do they’ve been killing it the past few years, what’s your thoughts on how long they have left?

@@pizzaandproperty1246 I think a few more years yet. Singleton and golden bay are cheaper entry points that should shine. Especially if the long awaited Karnup station ever gets built

This is where you're looking to buy?

@pizzaandproperty1246 yes i want to know how this area will perform in the next few years

ok easy can totally add it to our listeners choice list and see the IK team can do a public deep dive on it 🙂

That'd be appreciated ​@@pizzaandproperty1246

Dump crime hotspot

Thanks mate! noted 👍🏼

Local. Bushfires most Xmas's. Build in buffer for high insurance costs

Beach suburbs and population growth will ensure you’ll be fine in the longer run. People always want to be near the coast in Perth and as prices keep rising the next generation will sacrifice distant from city to be near water.

Sorry to hear you didn't find it helpful as a property investor mate, Happy investing 🙂