Maintenance Cycle for Rental Properties’ Fixtures and Finishes

Maintenance Cycle for Rental Properties’ Fixtures and Finishes

There’s a kind of cycle that happens. It might be every four years or it might be every six years. But then there comes a time in the lifespan of the rental property where you’ve got to go back and give it a good spruce up again.

Depending where you see it in the market, it would often make more sense just to go in there and resurface that and get another five years out of it than it would going in and just replacing the whole thing.

With rental properties, you are improving some of those fixtures and finishes regularly much more than you would with your home.

Because I know with some of my properties have got like four or five people living in the property.

I know the bathroom is going to need to have been completely redone every five to seven years, not every 10 years. So I know that kind of wear-and-tear affects it as well.

If you’d like to know more about renovation and how to save you time and make you money, download my ebook Renovation tips and tricks https://investorschoice.com.au/renovation-tips-&-tricks

#supersizeit #realestate #renovation #propertyinvestment

Is “Hello” enough?.. Probably not, according to “The Princess Bride”

Recently I was reading something about the “perfect” way to introduce yourself…let’s face it with virtual meetings these days making a good impression is a little harder.
I found this simple methodology, and it is pretty handy when you have to make a quick first impression (ie. an elevator pitch), and it consists of four main elements:

1. A polite greeting
2. Your name
3. A relevant personal link to the person you’re interacting with – kind of a “who you are and/or why they should care”
4. What they should expect from you
How hard could it be?
It reminded me of a classic 80’s movie – which is so filled with great quotes I just had to indulge – it is my guilty pleasure.
Inigo Montoya from The Princess Bride demonstrates perfectly the simple introduction technique…

So let’s practice..

Hello. My name is Jane Slack-Smith. I see you have joined my community that will help you find the right property, in the right suburb, that will put you on the path to achieve your goals. Prepare to buy.

Ok, joking aside, the reason why I bring this up is simple…
Back in the day, when I started my journey as a mentor and educator, I never imagined the kind of impact it would have…
My first goal was to help a few hundred people discover how easy it is to invest effectively and safely using The Trid3nt Strategy® methodology that I developed to build my own property portfolio…
However, after a couple of months, I discovered there were many more people out there who had big, unrealised hopes and dreams than I thought.
With Your Property Success, I’ve been able to help thousands of everyday Australians to learn how to invest actively using low-risk property strategies.
Having the chance to help so many people has been one of the greatest gifts of my life.
I’ve watched as everyday men and women have been able to finally achieve their most important goals—often goals that previously seemed impossible and remained just out of reach.
Goals like purchasing a fantastic investment property, in a great area, that forms the foundation of an accelerated wealth-building property portfolio…
Or goals like making tens of thousands of dollars in lump sum profits from their first strategic renovation and then hundreds of thousands of dollars in capital growth afterwards.
However, on the flip side, there have also been people who haven’t applied the strategies and techniques they have learnt.
And there are some other people who are just too overwhelmed or don’t even know where to start.
So, I decided to create a personal website where I compiled all the different resources I have created over the years (no sign ups needed) and put all the ways I can help you right now, whether you are an experienced property investor looking to expand your portfolio or a first home buyer trying to get into your first property in one place. It is kind of like an introduction to me and what I do.
Just click here to visit my brand new website www.janeslacksmith.com.au
Remember, the dreams you have inside your heart and mind matter. They deserve to be realised. There’s a lot at stake. And, you don’t have to work it all out on your own especially with all the noise out there at the moment.

As always, here is to Your Property Success.
Jane

3 ways to make money with a property

Most people only have one property investing strategy and they take a stab at buying the right property at the right price to get them to the goal they want…

Clever people have a back-up strategy so that if one of the strategies doesn’t work, then they have a strategy to fall back on.

My Trid3nt Strategy is a three-pronged, low-risk strategy. It gives you Plan A, B, and C. Just in case one goes wrong, you have two more to fall back on.

You now have three property investing strategies that can work together as well. So what are the three strategies?

First of all, making money when you buy. Do your research, know how to negotiate, and buy below the market value.

Second, create money out of thin air, by creating equity through a renovation, which also allows you to push the rent up!

Finally, buying in an area that is set for high capital growth. This will make you money in the long term. And that’s the Trid3nt Strategy

Join our First House Buyer group to learn more about my financial freedom framework https://www.facebook.com/groups/firsthomefirstinvestment/

#tridentstrategy #seeit #propertyinvestment #buyinghome #firsthome

Suburb selection

Buying an investment property involves a different mindset than buying a home.

When choosing a suburb, you need to look at these 4 factors:

Factor #1 – Future Growth

You may not be able to predict the future, but you can look at certain indicators to get an idea.

Pricing pressure from suburbs closer to the CBD, income and population growth to name just a few

Factor #2 – Demographics

Knowing what your tenant (and future buyer) wants is vital.

That is why buying the ‘typical’ property for the suburb is crucial.

Factor #3 – Suburb Gentrification

This is a change of fortune for the suburb.

This may mean a change in the people who live there.

Increasing incomes, even the odd organic store popping up.

There are signs that you can watch for.

Factor #4 – Supply and Demand

How does supply and demand factor into your suburb choice?

As an investor you want renters, so making sure there is a healthy demand for the ‘typical’ property but not an oversupply will keep your property from being vacant.

Make a time to talk to one of our experts to find out just how far away you are to setting up your future now https://investorschoice.com.au/bookacall

Investing on Kitchen Renovations

Investing on Kitchen Renovations

I’d start with looking at what the comparable sales are of the renovated properties and what the fixtures and fittings and the fit-outs looks like for those properties.

Because we’re talking about $12,000 and then we’ve got plumbing and tiling and white goods etc. You’re going to hit $20k pretty quick for that kitchen. But $20k as part of 2 million, we’re talking like a 1% cost you know of what the property is.

I think the thing is that the kitchen in itself is going to be a selling strategy. Just work out how much you need to spend on it. And it’ll be around those comparable sales of properties that are in your suburb.

If you are interested in completing a self assessment whether you should fix or not download this ebook https://investorschoice.com.au/shouldifix

#supersizeit #homerenovation #propertyinvestment #realestate