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  1. RumpledElf

    Do You Own IP’s Worth $100k or under?

    I started a new thread in the coffee lounge. TAFE has a cert IV that seems to cover *everything* but is by no means a short course, and is standard TAFE pricing, you apply as per uni or TAFE not just show up for a week. The $4000 one I found last time I had a cursory look is probably one of the...
  2. RumpledElf

    Do You Own IP’s Worth $100k or under?

    I think I need to look into this further next year. I literally can't do anything about that right now unfortunately - 6 months pregnant and squeezed into a too-small house with an office in the kitchen at the back isn't a good time to try and start a business with frequent people contact lol...
  3. RumpledElf

    Do You Own IP’s Worth $100k or under?

    Hah, its an idea, and it had crossed my mind, but I'm the small dainty kind of person and not good at intimidating big beefy tenants into paying rent. But there's a HUGE gap in the market for a cheaper PM, this one is the only one within cooee and they charge like a wounded bull. There's...
  4. RumpledElf

    Do You Own IP’s Worth $100k or under?

    Because that's just what they charge ... the local PM has a MINIMUM fee of $16pw, 9.9% otherwise. If your rent is below $160pw, their percentage is over 10%. They also charge 2 weeks letting fee and 1 week resigning lease fee plus $35 a quarter for inspections. For $110 a week rent, this just...
  5. RumpledElf

    Do You Own IP’s Worth $100k or under?

    Different numbers here. Take mine: $75k. Rents for $110pw. (I paid $25k for this one) Rates $400 Insurance $300 Maintainance ?? (everything in the house is brand new or close to it) Agent $1200 $1880 = 2.5% gross (a LOT more if you self manage and there's probably a lot of depreciation...
  6. RumpledElf

    Do You Own IP’s Worth $100k or under?

    I have one and I had it listed for sale for 6 months last year with no luck, and currently have it listed, no luck. Really cheap houses are extremely hard to sell. ETA: my current house was also very sub $100k but after subdivididing and tarting it up it is worth around $250k. Add new...
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