Episodes
Thursday Sep 29, 2022
Thursday Sep 29, 2022
On the back of our Episode 144, where we had Stephanie Hayes talk to us about all the problems she had being a first time renter, we thought we would give you the property manager's perspective of how to apply for your first rental property so you understand what helps you get over the line with your application.
Megan Taylor is a senior manager of property partnerships at Longview Real Estate. Longview manage over 4000 properties, and Megan is renowned for helping landlords make great decisions, but also give renters, or prospective renters the best advice when applying for property.
1. What are property managers looking for in a tenant when they have a vacant property for lease?
2. What are some of the things that tenants do on their application that become a red flag for property managers?
3. How can prospective tenants apply for properties better?
4. What should prospective tenants do when attending inspections?
a. What are some things that could turn off an agent when prospective tenants attend inspections?
5. Why do some properties continue to be advertised after an applicant has been approved?
6. Say, I was a young uni student wanting to get a place with 3-4 mates, what should we put on our application to secure the lease?
a. How can we overcome any red flags that might put a landlord off?
7. Say I'm 20 - sick of living under Mum and Dad's roof and rules, I'm studying and not sure if I can get Austudy and have a casual job making $300 one week, sometimes $1000 another, my boyfriend has an apprenticeship so is on a low wage. What could help our application?
8. Another example, say I'm a 20-something single mum, and my parents said that I can't stay in the family home anymore. Any work that I do is pretty much the cost of childcare, I should be able to get rent assistance and I get some child support, what would make a landlord happy to have me as a tenant?
9. How about if I'm an international student on a student visa. My parents have saved and given me this opportunity to study in Melbourne, I'm not entitled to any government benefits in Australia, my parents are paying for my education but not my living expenses. I can work 20 hours a week on my visa. What can I do to improve my chances to get a rental property?
Longview Property Managers & Advisors
Call: 1800 931 784
Website: https://longview.com.au
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Thursday Sep 22, 2022
Ep151: Michael Hain - Security Options - What You Need to Know
Thursday Sep 22, 2022
Thursday Sep 22, 2022
With a good percentage of people back in the office, and others exploring their options to work remotely, whether that's at home, a tropical island in Fiji, up in the snowfields or a break away on the coast, there is a larger need to keep an eye on your home when you're not at home. Today, we're going to look at security options, and what are the latest things people are looking at in security when buying a home.
Michael Hain is a gold member of the Australian Security Industry Association Limited; executive board member of the Victorian Security Institute, has served 2 years as Neighbourhood Watch Chairman for the City of Glen Eira and a member of the Glen Eira Council Community Safety Committee, and is the Founder and CEO of Security Heroes, the most accredited expert we could find to talk to us about security for our home.
1. Explain to us the levels of security available that buyers are looking for when buying property?
a. Mobile phone app.
b. Pet-Immune alarm detectors
c. Stay-at-home protection
d. Video intercom
e. Affordable high-definition infra-red cameras
2. There were days when people would think that CCTV cameras on a house were there because the occupants were doing shifty stuff, like drugs. What is the consensus about suburbs where they see CCTV cameras on every second home nowadays?
3. We see many homes with keyless entry locks on their front door or to open their front gates, what are some of the pros and cons that buyers would need to think about?
4. When buying a home, what are some of the tell-tale signs that there maybe criminal activity in the street or area?
5. When people first get CCTV cameras, they seem to be in awe of being able to watch everything going around their homes? Does it get to a stage where they only look when they need to?
6. How well do the 'ring' style doorbells/CCTV systems work?
7. Say you have organised an appointment to meet a couple who want to get a security/surveillance system in their home, what should they look for in 'you' to know that you are trusted?
8. When a new buyer settles into their home, what security concerns should they have as they are moving into that home?
9. What happens if there is an existing alarm or CCTV system in the home, how can we make it that only we know who has access to that system?
10. If there is no alarm or CCTV, and we feel we need it, how can we get one installed?
11. Should investors put an alarm or CCTV on their properties? Would a tenant be concerned if the landlord has access to the CCTV footage?
12. How popular is back to base monitoring now that we CCTV app-connected technology?
13. Do you get a discount on your insurance premium if you have a back to base system rather than an app-connected system?
14. How did you come up with the name 'Security Heroes'?
OFFER:
Call Michael for an obligation free assessment
Real Estate Right listeners can receive $200 off an alarm or CCTV installation when they mention that they heard about Security Heroes via our podcast.
CONTACT:
Call: 1300 858 419
Website: www.securityheroes.com.au
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Email: orders@realcopyright.com.au
Website: www.realcopyright.com.au
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Thursday Sep 15, 2022
Ep150: Cynthia Peretz - How Women Can Feel Empowered to Buy Property
Thursday Sep 15, 2022
Thursday Sep 15, 2022
There is still a slight stigma about women buying their own property, however buying property can be the most empowering thing anyone can do. It can give you a steady stream of passive income to pay down your debt, it can give you a safe sanctuary to call home while your property appreciates in your sleep, and it can create the foundation of fulfilling some life long goals. But doing it properly is an art. Today we are going to look into how buying property can empower women and how property can bring a sense of personal satisfaction to your life.
Cynthia Peretz has been nominated as a woman to watch in 2022. She is the Director of Metrolinx Property Advisors and has been in the property industry for over 20 years. One of her niche markets is helping women get into the property market.
1. What troubles do women still find when inspecting or buying property if they do it on their own?
a). How can they overcome these troubles?
2. Are there more concerns with earning ability, age and health status, than sex?
3. What are some strategies that women can do to get them into the property market, especially the investment market, that can empower them?
a). Is there any strategies that are outside the box that most people wouldn't consider?
4. What are your six tips you give women when they want to buy property?
1). Set goals
2). Visualise your future
3). Make lists
4). Scrutinise the property and get to know the agent
5). Research
6). Pre-approved
5. How else can women feel empowered with property?
OFFER:
Cynthia is offering a 30 minute free consultation for Real Estate Right listeners.
CONTACT:
Email: cynthiaperetz@outlook.com
Phone: 0432 327 945
Website: https://metrolinx.com.au
Need Copywriting?
Call the 'Real Copy Right' Hotline:
(03) 5977 8889
Email: orders@realcopyright.com.au
Website: www.realcopyright.com.au
- Rental copy
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- Marketing letters/emails
- Newsletter articles
- Marketing material for listing kits, mail outs, etc
- Website blogs
- Large scale development brochures and websites
- Award Submissions
Thursday Sep 08, 2022
Thursday Sep 08, 2022
Display homes, or big building companies, have a number of floor plan designs that they believe suit the vast majority of the blocks and more importantly, the lifestyles of their buyers. However sometimes, as a buyer, you just want to add your own personality into your home, so it doesn't have the same look or possibly the same function as everyone around you. Today we are going to talk to a gorgeous couple about how they were able to customise their display home to suit their individual needs and personality.
Beau and Thy are a a newly-wed couple who are now experts in display home building. I met them when I wrote up their home in Clyde, and I noticed a huge difference in their home compared with other homes I'd seen in Clyde. There were some very unique elements, which really made it feel like home.
1. You see the display home builders advertising house and land packages for say 'From $450,000', what would you get for that price?
2. Having worked in the display home industry, what did you know could be done, which they don't tell you about?
3. Are some display home companies more flexible in the designs than others?
4. What should you be looking for in terms of trends and function to help you when it comes to reselling?
5. With your experience in display homes, did you choose a builder you worked for, or someone else?
6. What did you do to customise your home?
7. What happens if you change your mind during the build? Can the costs blow out?
8. Do you have any great tips about what you did to make your home unique?
9. Now that you've sold you home, how did it fare in terms of price compared with other similar properties on the market?
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Website: www.realcopyright.com.au
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Thursday Sep 01, 2022
Ep148: Dean Davis - Transforming Your Kitchen on a Budget When You Want to Sell
Thursday Sep 01, 2022
Thursday Sep 01, 2022
Kitchens and bathrooms are where buyers see value in property. They want a functional kitchen with a bit of today's style, quality appliances and designer bench tops, but it's expensive to transform your kitchen, especially if it's just for sale, not for you to benefit from it. Today we have our effervescent trade, Dean Davis from M+Co Property to explain how you can transform your kitchen on a budget when you want to sell.
1. What are the signs of a tired kitchen?
2. How can we spruce it up without costing a fortune?
3. Should we be replacing the appliances?
4. Would an investment in one big item, like converting the laminate bench top to a stone bench top, or adding high end appliances create more appeal, or would it look out of place?
5. What could a budget of $5000 do to a kitchen, and where should I spend it?
6. What are the benefits of flat-pack kitchens?
a. What are the disadvantages?
7. We have a listener question...Rebecca from Glen Waverley has her original 80's Blackwood kitchen and has $20,000 to spend, would it be better to put in a new flat packed kitchen or keep the bones of her old kitchen and give it a face lift?
8. How much more for your property should you expect from updating your kitchen to the sale of your home?
9. What's a realistic time frame to update your kitchen?
CONTACT:
Email: info@mcoproperty.com.au
Address: 13 Roper Street, Moorabbin 3189
Phone: 0410 246 030
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Thursday Aug 25, 2022
Ep147 - Goro Gupta - How To Create High Cash Flow Investments
Thursday Aug 25, 2022
Thursday Aug 25, 2022
With interest rates rising, it's time to be smart with your investments. Many agents lure you into the traditional way of investing in property - give it to their property manager to make it available to Joe Public, get enough rent to just pay your mortgage interest repayments, but not enough for you to pay all the expenses so you negative gear. There has to be a better way...to find out more, we have the property guru, Goro Gupta, here to tell us how to make money out of your investments.
Goro Gupta is a high profile property investor with many strings to his bow. He is the owner of 10 Properties in 10 Years, Ethical Property Investments and is a property developer. He has been featured in Australian Property Investor Magazine and is about empowering liveability for all. Here to help our listeners understand about how to create high cash flow investments, we welcome Goro.
1. What's the traditional way most people invest in property?
2. How many ways can we turn our underperforming investment into a high-cash flow investment?
3. Can you explain:
a. The rooming house strategy
b. The NDIS strategy
c. Short term investing into development projects
d. Commercial Property
e. Short term rental - Airbnb strategy
f. Any other strategies our listeners should know
4. If we are renting our properties out to NDIS patients, domestic violence victims, or even those who can only afford a room in a rooming house, what concerns should we have regarding how well they look after our properties?
5. If the property is sublet by a higher being like NDIS, the government etc, does that mean they are responsible for keeping the property in good condition?
6. Can you give us a basic example of a traditional 2 bedroom unit investment income versus a high cash flow investment strategy for the same property?
7. Where do we sign to get started if we are interested in high cash flow strategies?
CONTACT:
Goro Gupta can be contacted on 1300 617 677,
via WhatsApp on 0452 240942
Check out the website: 10propertiesin10years.com
Need Copywriting?
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Thursday Aug 18, 2022
Ep146: Jim Malamatinas - Finding a Viable Development Site
Thursday Aug 18, 2022
Thursday Aug 18, 2022
While there is doom and gloom about interest rates, building materials and the cost of trades, those in the know look at this as an opportunity to make a move. The key is to know what is viable, what will make money and having the right team behind you. Today we are going to find out how to find that viable development site that will make you money in any market.
Jim Malamatinas bought his first house at the tender age of 22. Little did he know that this would grow into his passionate full time career of helping other people buy homes with an investment focus. Jim's personal property portfolio is now a multi-million dollar holding, putting him in the perfect position to help buyers and new developers source the right property to develop and build their own wealth through property. As a property developer and buyer's advocate, Jim is passionate about property and people, and openly shares his learnings with his clients to help them achieve their property goals.
1. What should we be looking for in a development site before we actually go visit the site?
2. What websites are useful in helping qualifying a viable development site?
3. What should you think about when deciding if you should include a basement garage in your development?
4. Who should you have on your team to ensure you are buying a viable development site?
5. What other features should we be looking for in a viable development site?
6. Every council is different in their process, some are more protective of trees, some are wanting consistent or diverse streetscapes, some have strict land sizes per unit site, which councils are open to work with?
7. How do we know if we have bought the right site for the right price?
8. What's a feasibility study?
9. Who should we have on our team to get the best return on investment?
10. So in this current climate of higher interest rates, expensive labour and rising material costs, how easy is it going to be to make a profit?
a. Will the time to normally develop a property be pushed out?
b. Are there some tips to keep things on track?
11. And lastly, if you're starting out, what's some great advice for those who always wanted to be a developer?
CONTACT:
Jim Malamatinas can be contacted via his website:
https://www.agameadvisory.com.au
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Thursday Aug 11, 2022
Ep145 - Evan Davis - What Is Bridging Finance?
Thursday Aug 11, 2022
Thursday Aug 11, 2022
In a seller's market, more people are prepared to buy first, then sell later, hoping that the market is still rising and they can reduce the difference of what they owe for the original house to that of the new house. That's all well and good, but what happens when you can't get the settlement dates to co-incide? You're going to need bridging finance and we have just the right man to tell us all about it.
Evan Davis, Founder and CEO of Money Cat Finance has over 16 years of experience in mortgage broking and multiple successful ventures in the property development and investment space. Evan specialises in self-employed lending and has a passion for helping Australian's realise the great Australian dream of home ownership.
1. What is bridging finance?
2. Do you pay a higher interest rate when you organise bridging finance?
3. What do bank loans look at to approve you for bridging finance?
4. Do you automatically get approved for bridging finance if you already have a home loan?
5. If you get knocked back for bridging finance, what are your alternatives?
6. Give us some great tips about ensuring you're not paying too much for bridging finance.
CONTACT:
Evan Davis from Money Cat Finance can be contacted on:
0413 467 246, by email: evan@moneycat.com.au
Website: www.moneycat.com.au
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Thursday Aug 04, 2022
Ep144 - Case Study: Applying for Numerous Rental Properties and Getting No Where
Thursday Aug 04, 2022
Thursday Aug 04, 2022
Due to investors getting out of the property market when covid hit, there is a huge lack of properties available for a large number of tenants wanting to change location, upgrade the size of their home for the growing family needs and those wanting to leave the family nest. Melbourne vacancy rates are at an all time low, meaning that tenants are competing for each and every property in some suburbs, making it difficult to secure a new home, even when a deadline is looming.
Today, we are going to hear from one tenant and her story about how she struggled to get a property and what she did to succeed. Steph is 25 years old and has been renting for over 6 years. Steph has seen how easy and how hard it is to secure a property in the diverse markets, and she's here to tell us why she feels it's important that our listeners are aware of how to navigate the rental market.
1. What's the most number of applications you've made to get a property to rent?
2. What type of property were you looking for ?
a. What was the maximum rent you wanted to pay?
b. Explain the circumstances.
3. What different tactics did you use to secure a rental property?
4. Why do you think it was so hard to rent a property?
a. Had you had any troubles getting your bond back in the past that may have ruined you renting reputation?
5. How did the property managers tell you that your application wasn't successful?
6. Were they helpful in trying to find you a place, or were they more interested in managing the properties?
7. When you went to the open for inspections, were there a high number of prospective tenants inspecting the property?
a. Did you use that as a gauge as if you should apply or not?
8. What tactics do you think you will do next time you want to move?
9. Now that you're in your new home, have you had to deal with a difficult landlord or property manager?
10. When it comes to applying for a property, do you actually have any rights, as the only one I know is that they can't use your bond history against you?
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Thursday Jul 28, 2022
Ep143: Phil Mammolito - Buying a Business
Thursday Jul 28, 2022
Thursday Jul 28, 2022
Here at Real Estate Right, we are giving a general overview of all things real estate, and one part of it we haven't done yet, but is still under the real estate banner is buying a business. Many people start a business, but many also buy an existing business, so today we are going to help those who want to get out of the 9-5 grind and help them be their own boss with some helpful tips on buying a business.
A business owner in a previous life, owning businesses in hotels, accommodation, restaurants and service stations, Phil Mammolito, from CRE Brokers, is an experienced business owner turned business broker, helping people understand the benefits of owning established businesses throughout Victoria and Tasmania.
1. If you are buying a business, what are you actually buying?
2. There is usually a lot of business word jargon in the business ads, so let's explain a few of them?
a). What's the difference between a leasehold and a freehold?
b). What's the difference between buying a franchise over a stand alone business?
c). What is good will?
d). What is stock at valuation or equipment at valuation, and why is it added to the price (or is it)?
3. What numbers should we be looking at to determine the worth of a business?
4. Is there a golden rule about how much we should pay for a business?
a). Does this differ between a bricks and mortar type of business?
5. How do businesses transition between the old owner and the new owner?
a). How long is the transition?
b). Is it assumed that staff come with the business?
6. What happens if the business has loans against them? Does the original owner have to pay out the loans or does the new owner acquire the loans as they are the new company director?
7. When buying property you can use a buyer's advocate. Are there business broker advocates as well or should we be reliant on our accountant to be guiding us on our business purchase?
8. Is there anything else we should know about buying a business?
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CONTACT:
Phil Mammolito can be contacted via the website:
Need Copywriting?
Call the 'Real Copy Right' Hotline:
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- Website blogs
- Large scale development brochures and websites