Tennant's are now dictating terms to landlords. Who's the lord now.
Speaking of daughters , the landlords are now having to offern some enticements to find a tennant. A months free and all that .
Might whack a 3% deposit on a few more Perth and Canberra ips, and pay interest only for the next forty five years. With prices and rents surging to the moon what could possibly go wrong.
I think your on the money. The private landlord of housing units is over. Peter
Blondie girl
16 Sep 2014, 03:22 PM
Well congrats to you it's evident you've been off your bum looking with your eyes & not dependant on computer shite. Better start trying to learn how to spell tenant properly.
Oh triple m the rents still coming in regardless , may take a littl longer to rent out as there's more choice but my accounts is looking healthy.
Hi Blonde, Are you finding the rental market has changed a bit?? 6 out of the last 7 properties I have looked at in the last 2 weeks where empty. Man there is no way I would want to be renting out property in this market. I am negotiating a rental for a friend, she is looking for a 2 bedroom unit or villa. One simple neat little place right next to where she works has come up. The agent was all full of brass when it first came on the market, now she is on her knees gagging for it. Dropped $80 per week and still has no tenant. I love this game. How low can Josephine go.only my friend the Marquis D S knows that. How the worm turns. Peter
The banks take the best "tenants", the banks get all the profit with almost none of the costs or risk. You just have no way of understanding the game you are playing. Good luck. Your a crab in a crab pot asking the crab next to him what the temperature of the water is. Peter
Hmmmmm, crab sandwich for lunch, washed down with a nice bottle of Margaret River spring water.
The banks take the best "tenants", the banks get all the profit with almost none of the costs or risk. You just have no way of understanding the game you are playing. Good luck. Your a crab in a crab pot asking the crab next to him what the temperature of the water is. Peter
Hmmmmm, crab sandwich for lunch, washed down with a nice bottle of Margaret River spring water.
So what's going to happen?
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
The banks take the best "tenants", the banks get all the profit with almost none of the costs or risk. You just have no way of understanding the game you are playing. Good luck. Your a crab in a crab pot asking the crab next to him what the temperature of the water is. Peter
Hmmmmm, crab sandwich for lunch, washed down with a nice bottle of Margaret River spring water.
So what's going to happen?
Falling rents and no capital growth in some markets. Normally when prices are stagnant, rents would be rising or vice versa.
I tend to agree that many of these IO property investors are just managing the property on behalf of the bank but taking all the risk.
I have to say that musta morphis brave new world fanatic does crack me up for a good laugh.
Musta doofus .. A few months ago in my man's rental which he has one third share took 2 weeks to rent out only 1 couple were snagging it..now their mutt has dug craters in the backyard & they have been hindering maintenance & repairs organized by the man . So when its due for renewal the lease is NOT being renewed. Oh in other words they will be kicked out.
Another lot of tenants will be flying back to NZ in Nov, so I shall see what nibbles I get. I'm very fussy despite market conditions .
Is it the end? No dummy it's not some people do know how to ride the good &bad to adjust accordingly to market conditions.
Understand that the tenant does not win its the owner who has the upper hand, be difficult you will be tolerated & given a chance, be continuously problematic you will be out..there will be others to move in . Do the right thing & it's going to be a great bizness relationship where both owner & tenant are happy.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
I tend to agree that many of these IO property investors are just managing the property on behalf of the bank but taking all the risk.
And perhaps managing it on behalf of the government and taking all the risk there too. The state housing commissions still exist but they have not been building much for the past few decades. They buy existing stock sometimes but this is possibly offset by the fact they also sell homes to their tennants.
In the end the government always passes the buck onto the private sector. I can easily imagine a future where landlords are trapped by higher capital gains and government interferance with rents. We have that already in the form of rent assistance payments. But who ultimately pays the rent assistance? The taxpayer.
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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