Hey Ray! Your videos are certainly really engaging, and I think my futuristic thumbnail services might help elevate them even further. Would you be interested in discussing this possibility?
These are some fantastic points Ray! There is a lot for a property investor to keep up with if they choose to self manage. Its also so important for investors to understand the difference between a property manager & a great property manager.
Thanks for the video! as I always say, let the experts do their thing, as you mention it might cost you a few $$, but you will make sure it's properly done and in the long run it probs more cost effective. Also, what if you want to go on holidays
Thanks Gustavo - yep totally agree, the cost savings are negligible once you factor in the time you’re now losing Might get lucky with a good tenant but not worth it overall
There's so many shit ones honestly. I have had heaps of duds. The good ones I have now are from buyers agent and broker recommendations + searching for a good one with good google reviews (paid a little more in fees but they're so much better)
@@raycorc yeah it’s not even about the cost. The drama it causes when a property manager throws anyone in a rental and they are a train wreck is 10x worse than running a couple of open homes ever other year myself. Haven’t inspected anywhere in years but so who knows what’s going on.
Yeah could be worth putting the feelers out for someone else to manage it Heaps of options out there But if the current set up is fine then you’re cheering A good tenant that pays and look after it is the dream, not much work in that case
@@jaywright6764 Property manager here - major issue in the industry is landlord expectations to reduce fees, this means for the business to make revenue they need to increase the property to staff ratio. Too many properties per staff = terrible & reactive service. Too many agents compete on fees instead of service, which is why there are too many crap agents! The agent who isn't negotiable is likely running a much more competitive service & knows their worth! But that's investing for you, you gotta spend money to make money!
Using a manager is much better and they have the access to tradies that will turn up at a drop of a hat. Doing your own maintenance can be costly if you don't know what you are doing especially if you can sell you time in your business. I have the lived and learnt.
Hey Mate, I’ve just moved to Australia (from South Africa) and I have around 30K AUD to invest what would you recommend / Guide ? (I’m 20 years old) Enjoy your content. Cheers 👍🏻
G'day Matthew, thanks for watching mate and welcome to Australia! The rules around me recommending anything to invest in are pretty strict here so I can't tell you specifically what to invest in. From a common sense perspective, if you've moved to a new country and you're young I'd keep a decent cash buffer for peace of mind. Maybe 6-9 months worth of generous expenses - that might be 20-30k in itself. You don't want to empty your bank account to invest in something then you need the cash because you lose your job etc. I'd say this to any younger person, but early on you have heaps of time and not many skills. I'd work on getting your skill levels up so you are worth more to your employer and can justify getting better pay. This video is relevant too ua-cam.com/video/9tJKBZ5pOgA/v-deo.html Once you have a buffer in place, it might be worth researching the basics of ETFs and maybe real estate down the track - but honestly if I was your age in a new country I'd be working a shitload and trying to learn as much about being good at my job so I could grow my income.
Follow me on Instagram for more low quality content 👉 instagram.com/raycorc/ Book a call with me 👉 calendly.com/raycorc/youtube Join our free personal finance FB group 👉 facebook.com/groups/personalfi/
What do you think? Self manage and save money OR property manager all the way? What has been your experience?
Hey Ray! Your videos are certainly really engaging, and I think my futuristic thumbnail services might help elevate them even further. Would you be interested in discussing this possibility?
Property manager! Treat them well with presents during christmas so they treat u better than the other landlords
Love it
A little gift never goes astray
These are some fantastic points Ray! There is a lot for a property investor to keep up with if they choose to self manage. Its also so important for investors to understand the difference between a property manager & a great property manager.
Absolutely! Thanks for checking out the video
Thanks for the video! as I always say, let the experts do their thing, as you mention it might cost you a few $$, but you will make sure it's properly done and in the long run it probs more cost effective. Also, what if you want to go on holidays
Thanks Gustavo - yep totally agree, the cost savings are negligible once you factor in the time you’re now losing
Might get lucky with a good tenant but not worth it overall
Never had a good property manager. How do you find good ones? Self manage all my joints.
There's so many shit ones honestly. I have had heaps of duds. The good ones I have now are from buyers agent and broker recommendations + searching for a good one with good google reviews (paid a little more in fees but they're so much better)
@@raycorc yeah it’s not even about the cost. The drama it causes when a property manager throws anyone in a rental and they are a train wreck is 10x worse than running a couple of open homes ever other year myself. Haven’t inspected anywhere in years but so who knows what’s going on.
Yeah could be worth putting the feelers out for someone else to manage it
Heaps of options out there
But if the current set up is fine then you’re cheering
A good tenant that pays and look after it is the dream, not much work in that case
@@jaywright6764 Property manager here - major issue in the industry is landlord expectations to reduce fees, this means for the business to make revenue they need to increase the property to staff ratio. Too many properties per staff = terrible & reactive service. Too many agents compete on fees instead of service, which is why there are too many crap agents! The agent who isn't negotiable is likely running a much more competitive service & knows their worth! But that's investing for you, you gotta spend money to make money!
Using a manager is much better and they have the access to tradies that will turn up at a drop of a hat. Doing your own maintenance can be costly if you don't know what you are doing especially if you can sell you time in your business. I have the lived and learnt.
1000% agree
Way easier
Hey Mate, I’ve just moved to Australia (from South Africa) and I have around 30K AUD to invest what would you recommend / Guide ? (I’m 20 years old) Enjoy your content. Cheers 👍🏻
G'day Matthew, thanks for watching mate and welcome to Australia! The rules around me recommending anything to invest in are pretty strict here so I can't tell you specifically what to invest in. From a common sense perspective, if you've moved to a new country and you're young I'd keep a decent cash buffer for peace of mind. Maybe 6-9 months worth of generous expenses - that might be 20-30k in itself. You don't want to empty your bank account to invest in something then you need the cash because you lose your job etc. I'd say this to any younger person, but early on you have heaps of time and not many skills. I'd work on getting your skill levels up so you are worth more to your employer and can justify getting better pay. This video is relevant too ua-cam.com/video/9tJKBZ5pOgA/v-deo.html
Once you have a buffer in place, it might be worth researching the basics of ETFs and maybe real estate down the track - but honestly if I was your age in a new country I'd be working a shitload and trying to learn as much about being good at my job so I could grow my income.
Follow me on Instagram for more low quality content 👉 instagram.com/raycorc/
Book a call with me 👉 calendly.com/raycorc/youtube
Join our free personal finance FB group 👉 facebook.com/groups/personalfi/