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SA Elizabeth SA Mega-thread continued..

Discussion in 'Where to Buy' started by Corey Batt, 18th Jun, 2015.

  1. Perthguy

    Perthguy Well-Known Member

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    I am hoping my parents have the same experience as you! :)
     
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  2. Robert Petty

    Robert Petty Active Member

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    I just saw you've said they're buying in the area. Honestly I think they will do well. It takes a bit of thick skin to really be able to manage a property well in the area if you're doing it yourself or if you're a PM in the area too I'd assume. Will you be at the Perth meet up on the 21st? I'd be more than happy to elaborate with you then in person.
    But I guess my point from my post before is the way everyone jokes about the area I think everyone's just to scared. If you're the type of person that lets people walk all over you then stay away until its gentrified, which is a long way away but still surely. But if you're the type to put their foot down and take action you'll do well.
    @Perthguy
     
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  3. Robert Petty

    Robert Petty Active Member

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    I really hope you were intending the pun there because it's gold
     
  4. Robert Petty

    Robert Petty Active Member

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    IMG_0181.jpg IMG_2004.JPG Here are the before and after photos.
     
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  5. Perthguy

    Perthguy Well-Known Member

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    I hope I will be there. I think I'm the organiser! :eek:

    My parents are a bit past self managing and will be using a good PM. They seem to be buying properties with long term tenants who want to stay on. They have been meeting tenants and are impressed so far.
     
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  6. joel

    joel Well-Known Member

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    Except you can't force them to use Centrepay and they can cancel it at any time.

    Plus if you've ever been on Centrelink, you'd know they cut your payments off every now and then for no reason just to keep you on your toes..
     
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  7. HUGH72

    HUGH72 Well-Known Member

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    Nice, my tenants in Elizabeth have done something similar. The front yard was mostly just gravel but they asked if they could move it to a path on one side and plant grass instead. They have done a good job.
     
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  8. Johnny Cashflow

    Johnny Cashflow Well-Known Member

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    Better to find tenants who work. Don't rely on Centrelink tenants
     
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  9. Robert Petty

    Robert Petty Active Member

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    @Perthguy haha well in that case I would expect to see you there.

    @joel yeah you're right on that, sort of. One of my tenants was forced to use it. They would only pay him half his benefit into his account and then pay me the rent and put the difference onto a card that he could use at certain stores. He was forced to have his payments that way for 12 months I think.

    @HUGH72 any photos? I think that when tenants ask if they're allowed to make improvements on the property that they will be there for the long run. Because if they're making improvements they want to make it their home and not just a house.

    @Johnny Cashflow yeah you're right. That would always be preferable but the tenants Ive got in place have been working well for me for the last couple of years.
     
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  10. Johnny Cashflow

    Johnny Cashflow Well-Known Member

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    That's good mate! It's about finding the right tenants. Don't have to be working or on Centrelink. Once you find good ones that stay the property's are easy
     
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  11. Ben Chifley

    Ben Chifley Well-Known Member

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    South Australia
    Just as a heads-up: There has been a spate of arson attacks on empty properties in the north - culminating in this terrible incident last night:

    http://www.adelaidenow.com.au/news/...h/news-story/e10f31c4a1bfbc582e5b85c53e455889

    Even if your property is only temporarily empty or under renovation it's a good idea to ensure that your insurance company is fully informed in case you find yourself denied payment due to the "details out of date" or similar.
     
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