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Hmmm... whaddya say, Simon - I'll meet you in Sydney and you can keep me company on that loooong flight across the desert. (We'll swap warries.) I'll shout beers at the other end. When's good for you?

I have no idea what a "choofta" is, so I'll choose to take it as a compliment. :D Mate, I've put a couple to you... it's getting Mrs TPFKAD on board that's proved the difficult part. You obviously need to work on selling these deals to her, mate. ;) Maybe I should pop over to Perth and meet...

I think they were doing OK, until things went south mid-year last year with some staff changeovers. I've already acknowledged that due to my flood and illness, it took me longer than it should have to pick up just how bad things had gone, both at my property and within the PM company. How does...

My girlfriend lives in a room for free for which I would otherwise get $175 pw rent. But she does cleaning services in the common areas for which I was previously paying $125 pw, and the other bonuses of having her on site are worth way more than $50 pw. ;) She's younger and single and trying to...

Spring Hill, about equi-distant between Central and Fortitude Valley stations. Don't know, didn't get any feedback. Not sure whether they found something less expensive (my guess ;)), or have been slow getting their applications in. Thanks, Player. I've met 9 of the 12 tenants, and they all...

I have had multiple Indian tenants and zero problems. I now have 12 of 16 rooms full, with a real United Nations of tenants (2 Germans, 2 Dutch, 1 Italian, 1 Korean, 1 Chinese, 1 Japanese, 2 Indian, 1 Saudi, and 1 Aussie), and several other applications being processed. I anticipate being...

Wow! 7 people inspected late this afternoon and 7 took application forms! Usually about two-thirds who inspect take application forms, and about half of those who take application forms submit them. So based on that, I've probably picked up at least 2 or 3 tenants this evening. :cool: Five of...

Agreed. It has to be somebody who goes in in that position, or, as I've been able to do, is already in place as "the boss" before others move in, so their position is established from day one. I still have a PM (for paperwork, rent collection, etc) but have decided to try being a little less...

Ian Yeo and Tanya Thompson at PB Broking specialise in these properties.

Delighted to report that, whilst this has been traumatic, things have done a 180 degree turnaround. * I sacked the PM and got a new one - rapt so far. * My friend moved in to be the caretaker and is doing a sterling job. It's really a win-win arrangement. :cool: * I've done a top to bottom...

I have aspirations in that direction... have been way too much of a soft touch, with both the tenants and the PM. But those days are over, baby! :cool:

Yes, that's what I did for 18 months up to Jul 09 and it worked well. Unfortunately the current lot are such a bunch of prats that the PM says none of them are responsible enough to be entrusted with the job. :rolleyes: But fortunately my friend is arriving this week - as per point 3 below - and...

LOL - I married one, so I should know how to deal with this! Fair call - time for some drastic action. Step 1: we issued eviction notices to every tenant, and told them we planned to list them on TICA. That got their attention - cue the whiny letters about "but I'm so young and being listed...

That's the figures when I'm full and problem-free, Propertunity! Right now it's bleeding more heavily... :o

I'd be surprised if that's CF +ve, even at current interest rates. I get about 13% gross and I'm still CF -ve. :o The -ve is declining, though, and should be neutral to positive within a couple of years.

Good point! Our housemates are Vietnamese, and they just offered to take over and become the master lessee, do the management themselves, and run it as a business. I said to them "Oh yes, you could target the Vietnamese community, then I imagine you'd have very few tenant problems!" Then I...

Yes, very possible. I'm in a top location and have been approached by a second-tier institution about letting the whole property. I asked them to tell me how much they'd pay, and they never got back to me with a figure... but perhaps I should pursue this more vigorously. ;) No, I self-insure...

Oh yes, it's definitely the "white" (Aussie/European/American/Canadian/South American) students who are always the problem; the Indians, Chinese, Vietnamese etc don't give me any trouble at all. But you can't discriminate based on these trends, nor would I want to. I've had a mix of...

As many of you know, I have a 16-room student accommodation in inner Brisbane. Mostly, my tenants have been great - until this semester. :( I've now got a group of tenants who have turned the place into a filthy party house. The neighbours ring me at 3am telling me that they need to be quiet...