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Another sight unseen buyer - thanks D.T. #2!

Discussion in 'Property Management' started by Magnet, 14th Apr, 2016.

  1. Magnet

    Magnet Well-Known Member

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    Much like @devank we have had a very positive experience with @D.T. and his interstate buyers service. Here's what he's done for us:
    Checked out a couple of properties for us in our target areas. Even kept his eyes peeled for us with new properties coming on the market in our target areas.

    Organized to inspect properties within a few hours of us contacting him with the details. Gave us a thorough run down of his thoughts on the properties he inspected and the areas they were in.

    He even gave us an idea of what was happening on the ground with numbers at inspections and what was going on at the 'micro' market level.

    He 'Sussed out' the existing tenant in one of the properties which we are now unconditional on and gave us his appraisal on the rent they are paying compared to market rent for the area and that they were definitely 'keeper' tenants.

    On top of all this, it's the little things that have very much impressed me about David. Highly motivated, an investor himself, highly organised, easy to communicate with. Answers my emails at 10pm! I know there are things I have forgotten but these are the ones that come to mind.

    Really looking forward to having David as our new guru Property Manager!
     
  2. D.T.

    D.T. Adelaide Property Manager Business Member

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    Thanks for the kind words :)

    You found a pretty nice deal there.
     
    Magnet likes this.
  3. Vk8975

    Vk8975 Well-Known Member

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    It's good to see you have been able to leverage the service of a fellow poster @Magnet

    Hearing good things about @D.T. lately. Hopefully he can keep up the high standard he has set :)
     
    Magnet likes this.
  4. Santaslayer

    Santaslayer Well-Known Member

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    Are you comfortable with quoting numbers?
     
    Sonamic likes this.
  5. Magnet

    Magnet Well-Known Member

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    Happy to quote numbers after we settle on 29 April, 2016
     
  6. Corey Batt

    Corey Batt Finance Strategist Business Plus Member

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    Look forward to seeing what you've purchased. Interstate activity in Adelaide is rising consistently - it's positive to see people using innovative options to help with their property research (remote based inspections etc).
     
    Magnet likes this.
  7. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Very much so Corey. My current two client searches are forum members, and have one on waitlist too who is also a member.
     
  8. Magnet

    Magnet Well-Known Member

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    Ok @Santaslayer here are the number on our latest Salisbury North property...
    Purchase price $305,000
    Rent $340
    Yield after tax 7.58%
    Lots of good depreciation in there makes this one our best performer to date.
     
    D.T. likes this.
  9. D.T.

    D.T. Adelaide Property Manager Business Member

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    Glad you found something that fits your strategy Magnet. These tenants seem nice and will be long termers :)
     
    Magnet likes this.
  10. Magnet

    Magnet Well-Known Member

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    That's what we love to here! Good tenants that want to stay put. :D
     
  11. hash_investor

    hash_investor Well-Known Member

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    @D.T. is awesome.

    Any deals for me DT?
     
  12. D.T.

    D.T. Adelaide Property Manager Business Member

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    Not a BA. Can recommend one though if you need?
     
  13. bob shovel

    bob shovel Well-Known Member

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    Ol DT is on the ball that's for sure! Quick to respond to emails and on top of it before you need to mention anything
     
    ellejay, D.T. and Magnet like this.
  14. bob shovel

    bob shovel Well-Known Member

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    Give @DaveM a call! Another satisfied customer here!
     
  15. jins13

    jins13 Well-Known Member

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    Hopefully I can look at Adelaide very soon too.
     
  16. larrylarry

    larrylarry Well-Known Member

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  17. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Corey Batt likes this.
  18. larrylarry

    larrylarry Well-Known Member

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    It is small, less than 400sqm where you can get another more than 700sqm for a bit more.
     
  19. Corey Batt

    Corey Batt Finance Strategist Business Plus Member

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    A very subpar property - I'd be very careful with security like this, as they will perpetually suffer from poor valuations due to inferior house size, land size and build materials. In property selection its best to never be out of the norm, lest you can damage your ability to draw from your value long term.
     
    Beano, DiligentPM and larrylarry like this.
  20. cherubym

    cherubym Well-Known Member

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    Hi,
    Not trying to be a sarcastic or anything, but I'm monitoring the Adelaide market:
    Isn't it (340 x 52) / 305,000 = 5.8%

    Salisbury North sounds like a perfect fit for my strategy as well.