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Perth - The Bottom is Here
Topic Started: 22 Oct 2016, 04:10 PM (21,313 Views)
dachopper
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Elastic
8 Nov 2016, 01:28 PM
Thanks dachopper.
Nothing makes me happier than to see the property clock wheeled out for a good old fashioned spruik.
It truly is a work of genius.
Actually, my place is not listed in that search, just showing the uneducated how to get 750 a week and private use out of your own property, instead of 250 a week and no use.
okay, I posted the wrong link.
Here is how to get 750 a week. And no mines not in the bunch.
Money maker

Edited by dachopper, 8 Nov 2016, 04:35 PM.
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Blondie girl
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Some also use Stayz, UK stuff/ Holiday Lettings via Trip advisor there is choices.
Elastic
8 Nov 2016, 01:28 PM
Thanks dachopper.
Nothing makes me happier than to see the property clock wheeled out for a good old fashioned spruik.
It truly is a work of genius.
The thing is whatever the tick tock, one looks for viability in props in long term future and if one can buy what they realistically afford the can do, there usually is no regrets.


Jimbo
5 Nov 2016, 05:28 AM
Applecross can mean anything from a mansion fronting onto the river looking towards the city or a unit above a shop on the Canning Highway.

Like Warnbro can be a palace overlooking the bay or a meth lab 2kms inland with a view of the KFC carpark rubbish bins.

Low volumes = median schmedian I say.
What about when one was looking at biggish blocks as far back twenty yrs ago? What do places like Applecross, Dianella, Maylands had in their prices and choices?

There is those who do understand what land does offer in the long term and its development choices.
Matthew
8 Nov 2016, 12:16 AM
When I pointed out last year that the median of Applecross was representative of the houses selling, not the suburb you spent weeks arguing that I was stupid and that I had lost 15% of the value of my property.

Now that prices in my suburb are rising you use the exact same point in different terms because it suits you.

I first started getting serious into Applecross when I had to do regular trips to Mt Pleasant when I had lots of meetings with the then Perth builder called Artisan affiliated with Ross North homes on my first ever build.

I was very very very close to buying something on Jane Rd, it was not far from Canning hwy and Raffles vicinity, but I wasn't ready yet then in my personal and financial commitments.
Edited by Blondie girl, 8 Nov 2016, 05:27 PM.
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.
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dachopper
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Stays.com , higher fees no insurance last time I checked, and couldn't find an Android app at all.

Why would you bother - charged more for less...


dachopper
8 Nov 2016, 06:23 PM
Stays.com , higher fees no insurance last time I checked, and couldn't find an Android app at all.

Why would you bother - charged more for less...

And I forgot to mention the most important factor, you are unable to vet clients.
Edited by dachopper, 8 Nov 2016, 06:25 PM.
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Blondie girl
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My experience with Stayz was as someone utilising for holiday accommodation in WA and throughout the rest of Oz. Its a very user friendly site.

Hmm
Been looking at some Sydney accommodation and if I recall I used Qantas website which utilized the Airbnb option and if I chose with this or direct hotel accommodation there was no screening evident. As long as someone pays up for the accommodation seems no qns asked.
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.
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dachopper
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Blondie girl
8 Nov 2016, 11:02 PM
My experience with Stayz was as someone utilising for holiday accommodation in WA and throughout the rest of Oz. Its a very user friendly site.

Hmm
Been looking at some Sydney accommodation and if I recall I used Qantas website which utilized the Airbnb option and if I chose with this or direct hotel accommodation there was no screening evident. As long as someone pays up for the accommodation seems no qns asked.
As a Land lord with Airbnb, I get sent an email, and message in the Airbnb APP with the persons details who wishes to book, and a message about their stay.

I then open up the renters' profile in Airbnb.

I can view all the comments they have received from every single airbnb landlord they have previously stayed with.

There would on average be comments in there for 80% of people

If they have no history - I can view weather they have verified their identity with airbnb - which required them to upload passport etc with airbnb incase of arbitration.
Some electronic locks are automated with airbnb, and will provide a special code after payment - for each user that becomes active on the day they arrive at your accommodation,
If they cancel, or don't pay the code is invalid.

As a renter using airbnb, I can read other renters' comments about the place I'm about to stay in , + and - to help make the decision and justify the price.


Stays has no app and requires me to surf an internet website
It has no way for me to read a review or get any information about the person who is staying there apart from a name and number they have provided
The guests can read other guests review - but not the landlord
All I can do is say yes or no.

Airbnb = ergonomic and more benefit for the landlord.

Stays = lunky, no app, no insurance, no vetting, but for the renter - i guess you still can read a review, but the no app thing is a pain when travelling.
Edited by dachopper, 9 Nov 2016, 02:59 AM.
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dachopper
9 Nov 2016, 02:57 AM
As a Land lord with Airbnb, I get sent an email, and message in the Airbnb APP with the persons details who wishes to book, and a message about their stay.

I then open up the renters' profile in Airbnb.

I can view all the comments they have received from every single airbnb landlord they have previously stayed with.

There would on average be comments in there for 80% of people

If they have no history - I can view weather they have verified their identity with airbnb - which required them to upload passport etc with airbnb incase of arbitration.
Some electronic locks are automated with airbnb, and will provide a special code after payment - for each user that becomes active on the day they arrive at your accommodation,
If they cancel, or don't pay the code is invalid.

As a renter using airbnb, I can read other renters' comments about the place I'm about to stay in , + and - to help make the decision and justify the price.


Stays has no app and requires me to surf an internet website
It has no way for me to read a review or get any information about the person who is staying there apart from a name and number they have provided
The guests can read other guests review - but not the landlord
All I can do is say yes or no.

Airbnb = ergonomic and more benefit for the landlord.

Stays = lunky, no app, no insurance, no vetting, but for the renter - i guess you still can read a review, but the no app thing is a pain when travelling.
Airbnb sounds like a big pain in the arse. A lot of wasted time and mucking around. Yesterday I was having a conversation with somebody asking me about my ip. I had a tennant move out on Monday but have not looked to make sure and the agent will have the keys. But the guy asking me about my ip asked me what it cost while it was vacant. I first said that it cost me nearly nothing as it is paid outright. I then went on to mention some of the outgoings that need to be paid. I then told him that I never see any bills as they go to the agent and the agent pays them for me, organisers any repiars or problems and has it all printed out for tax purposes at the end of financial year. He then asked me what that cost. I told him that it usually costs 7% through an agent but this agent that that I have know since we were kids charges me 5%. The guy I was talking to said gee thats worth it, and I said yes, for that small fee I do nothing AT ALL. He has managed it since day 1, and today I might see inside it for the first time in almost fifteen years once I get the keys from the agent.

Sounds like a lot of time wasting , a lot of hassle with this airbnb stuff. Know what I will be doing, continuing paying sfa to do sfa.

Anybody else have experience with this airbnb ? Let us know. Sounds more like you play property manager 24/7 365. Rather just pay one and sit back.

Or is this just what all the savvys in Perth are doing when they could not find a tennant.

And that 700 a week, does that come in every week, of every months of every year ?

My ip mentioned above has had two tenants in almost fifteen years. Been rock solid to say the least. Would not to it any other way.

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Elastic
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Read a recent article about Airbnb in Melbourne which stated that a saturation point has been reached for this market. Due to the growing number of available Airbnb rentals, the prices and occupancy have fallen to the point where it is better to have a permanent tenant.

Flood of Airbnb listings sees hosts income drop 40%

Makes sense from an economic perspective that the market would balance after a time. I know in some areas such as around Byron Bay it is almost impossible to find permanent rentals because all the IP owners are listing their properties as short term rentals. I'm sure it has contributed to a fall in the vacancy rates in the major cities.
Only a rat can win a rat race.

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Ex BP Golly
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9 Nov 2016, 07:05 AM
Airbnb sounds like a big pain in the arse. A lot of wasted time and mucking around. Yesterday I was having a conversation with somebody asking me about my ip. I had a tennant move out on Monday but have not looked to make sure and the agent will have the keys. But the guy asking me about my ip asked me what it cost while it was vacant. I first said that it cost me nearly nothing as it is paid outright. I then went on to mention some of the outgoings that need to be paid. I then told him that I never see any bills as they go to the agent and the agent pays them for me, organisers any repiars or problems and has it all printed out for tax purposes at the end of financial year. He then asked me what that cost. I told him that it usually costs 7% through an agent but this agent that that I have know since we were kids charges me 5%. The guy I was talking to said gee thats worth it, and I said yes, for that small fee I do nothing AT ALL. He has managed it since day 1, and today I might see inside it for the first time in almost fifteen years once I get the keys from the agent.

Sounds like a lot of time wasting , a lot of hassle with this airbnb stuff. Know what I will be doing, continuing paying sfa to do sfa.

Anybody else have experience with this airbnb ? Let us know. Sounds more like you play property manager 24/7 365. Rather just pay one and sit back.

Or is this just what all the savvys in Perth are doing when they could not find a tennant.

And that 700 a week, does that come in every week, of every months of every year ?

My ip mentioned above has had two tenants in almost fifteen years. Been rock solid to say the least. Would not to it any other way.
Haven't seen it in 15 years. Hope there is not too much mold on the walls from growing hydro pot.

If a meth lab, you might generate some income from all the lithium left behind.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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dachopper
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9 Nov 2016, 07:05 AM
Airbnb sounds like a big pain in the arse. A lot of wasted time and mucking around. Yesterday I was having a conversation with somebody asking me about my ip. I had a tennant move out on Monday but have not looked to make sure and the agent will have the keys. But the guy asking me about my ip asked me what it cost while it was vacant. I first said that it cost me nearly nothing as it is paid outright. I then went on to mention some of the outgoings that need to be paid. I then told him that I never see any bills as they go to the agent and the agent pays them for me, organisers any repiars or problems and has it all printed out for tax purposes at the end of financial year. He then asked me what that cost. I told him that it usually costs 7% through an agent but this agent that that I have know since we were kids charges me 5%. The guy I was talking to said gee thats worth it, and I said yes, for that small fee I do nothing AT ALL. He has managed it since day 1, and today I might see inside it for the first time in almost fifteen years once I get the keys from the agent.

Sounds like a lot of time wasting , a lot of hassle with this airbnb stuff. Know what I will be doing, continuing paying sfa to do sfa.

Anybody else have experience with this airbnb ? Let us know. Sounds more like you play property manager 24/7 365. Rather just pay one and sit back.

Or is this just what all the savvys in Perth are doing when they could not find a tennant.

And that 700 a week, does that come in every week, of every months of every year ?

My ip mentioned above has had two tenants in almost fifteen years. Been rock solid to say the least. Would not to it any other way.
Well, I did the maths.

I would get 400 a week, best case 500 a week fully rented. Minus 7%. Minus repairs for 100% use.

I have achieved over $3000, after paying the cleaning bill and airbnb fee, every month so far. On Average 3 bookings to deal with. Compare that with... $1850.

It's too much hassle for most ppl, probably why I am smoking in the return, and you are not.

Now let's imagine you have to repay a loan, and. Repayments are interest only $1000 a month. Now you profit $850 before expenses, I profit $2000.

Let's say your lvr is bad, and the repayments are $1500 a month. You get $450, I get $1500... yes it's like I have 3 x as many property income as some people...... what a pain in the arse all that extra money is.... but some ppl will never change, never ride in an Uber, and will be left behind in the bad times when rents are performing poorly.

If you want to get rich... it requires some work on your behalf usually, for me, 3 emails a month to book the cleaner, checking the Tennant review, and saying yes or no to the booking, and every quarter paying the bills. I probably spent more time writing this post than I have this month doing admin...
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Bardon
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dachopper
9 Nov 2016, 01:15 PM

It's too much hassle for most ppl, probably why I am smoking in the return, and you are not.

Good for you and well done.

Interesting that those on the sidelines criticize and project the down side i na kind of you will soon find out kind of way. Probably predictable behaviour.
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