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  1. Steve Basin

    On the market for over 7.5 Years

    I know exactly what needs to be done, I've just written a book "Get Results You Deserve - Using Your Real Estate Agent - How to get the outcome you desire when selling or leasing your property". I was in a similar predicament a few years ago when I couldn't get my property leased out, even...
  2. Steve Basin

    On the market for over 7.5 Years

    Sellers aren't motivated Seems ridiculous, I think my answer would be, the sellers aren't motivated. It seems like they don't know what they want? What price do they 'really' want? Do they really want to sell and if they do, where will they move? What property if they do sell, do they want...
  3. Steve Basin

    Would $10 reduction in rent make a difffernce?

    Take control of your own financial destiny Hi JNI, One week is still early call, statistics show that residential rental properties, generally take 2 weeks to get it rented out, however, those are only stats, and you always must strive to better that. Your goal as an investor, is not only...
  4. Steve Basin

    How important is the location of the PM's office?

    The location factor, is really important. Not only do you want your agent to zip by to open your property on a short notice but; 1. respond to questions from prospective tenants about the area. You want a PM to answer basic question like, what's the nearest public transport? where is the local...
  5. Steve Basin

    Question about agent fees

    Hi Evand, Sorry very true, good pick up. The first agent may also be entitled to a commission after the fixed term has ended if the property later sells to a person who was initially introduced by the original agent. It may be more difficult to prove, but it is possible. You also may need to...
  6. Steve Basin

    Question about agent fees

    Depends, if you signed an agreement with the first agency, and it hasn't expired yet. You may haveto pay him or her commission from the sale. Make sure any agreement with the first agent has expired and you'll be fine.
  7. Steve Basin

    Rent vs Buy: An Australian "Cost Comparison"

    Rent Vs Buy? Good question, and a question that has been argued for many years. Same as there are both camps to "negative gearing" and "positive gearing" I thing it all comes down to the individuals DNA. Are you living in the moment or are you willing to take a risk - buying an investment for...
  8. Steve Basin

    Searching for property - look at ALL real estate prortals

    Thanks Andrew, Really appreciate your positive feedback on this. I would be glad to receive an update to your progress, but especially if you manage to find some gems. That's what its all about, right? All very best....
  9. Steve Basin

    OMG!!! Active termites found in my IP

    I feel for you! Well you have no choice now but hope that there is nothing really extensive, and then get rid of these "suckers". I recently encountered termite infestation in one of my IP, luckily there was and old decrypt garage adjacent to the home, which became the main meal for the...
  10. Steve Basin

    Searching for property - look at ALL real estate prortals

    To all property buyers and investors. I don't usually promote my articles, but since this is a property investors forum, with like minded property investors, I think it may benefit alot of property investors/buyers. I have just recently finished researching all real estate portals in...
  11. Steve Basin

    Found a Below ground pool in backyard

    You need to speak to your solicitor on this, but they can come back to you saying they didn't know a pool existed themselves. The vendors that you bought the place from, may say they didn't know about it as well, how are you going to prove they did?
  12. Steve Basin

    Buying in Reservoir

    Location, location, location. I'm not an expert of reservoir, but this is normal what you just realised. In most cases, different pockets within the suburb will be priced differently. Before you purchase talk to a few local (reservoir) real estate agents, find out which areas, streets, etc are...
  13. Steve Basin

    Financial Advisors QLD

    I'm sorry I cannot advise. A word of caution though, when choosing a financial advisor, make sure they have personal experience in whatever advice they offer. If your after property advice, make sure they are a successful property investor. If you need advice in stocks, make sure they have...
  14. Steve Basin

    Is rusty water urgent repair?

    Yeh, I think it would be classed as urgent, it's not only acceptable but also a health issue. No one wants to wash or drink rusty water, even the landlord himself. As a landlord myself I would get it fixed immediately. As a tenant you have rights, if you cant resolve this matter you can...
  15. Steve Basin

    Discounted interest rate on $1M IP loan

    Why not go to a mortgage broker, and let him or her do the leg work. Refinance the loans to a different bank if they make it worthwhile for you. You got nothing to lose....
  16. Steve Basin

    when you have more than, say 5 properties ......

    If you will have 50 IP, you sure can afford your own personal book keeper etc, to house keep all the records whilst you drinking tequila on a sandy beach. Just a thought...
  17. Steve Basin

    how IP managers find new tenants?

    Unfortunately, this is fairly normal and it all depends; 1. how busy the agency is 2. how long your property has been vacant In my experience, generally, the PM would open multiple open inspections throughout the week, but in some cases they will personally, open the house at a designated...
  18. Steve Basin

    Can you rent out a van on a block-Vic ?

    You may need to check with the local council
  19. Steve Basin

    Buying on main road

    Hi Big Dreams, Not necessarily, what I found was that Buyers and Renters perceptions are different from you and I, as well as from suburb to suburb. For example. Buyers or renters that are looking close to CBD, expect that there will be main roads, high traffic etc. As opposed to buyers and...
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