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What's your weekly total combined gross rent ?

Discussion in 'General Property Chat' started by Ace in the Hole, 23rd Apr, 2016.

?

What's your weekly total combined gross rental return ?

  1. Less than $500/week

    12 vote(s)
    11.7%
  2. $501-$1,000/week

    18 vote(s)
    17.5%
  3. $1,001-$1,500/week

    17 vote(s)
    16.5%
  4. $1,501-$2,000/week

    10 vote(s)
    9.7%
  5. $2,001-$3,000/week

    14 vote(s)
    13.6%
  6. $3,001-$4,000/week

    14 vote(s)
    13.6%
  7. $4,001-$5,000/week

    4 vote(s)
    3.9%
  8. 5k+/week

    8 vote(s)
    7.8%
  9. 10k+/week

    0 vote(s)
    0.0%
  10. 20k+/week

    6 vote(s)
    5.8%
  1. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    For all properties, resi/commercial, anything, assuming no vacancies.
    Gross combined rental returns, no costs considered.
     
  2. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Location:
    Sydney & Adelaide
    Currently $3761 pw
     
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  3. Scott No Mates

    Scott No Mates Well-Known Member

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    But just as important what's your outgoings including interest, land tax, non-recoverables?
     
  4. Adele

    Adele Well-Known Member

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    Melbourne
    Just out of curiosity, any reason why the poll is not for nett rent?
     
    Plutus likes this.
  5. Greyghost

    Greyghost Well-Known Member

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    Old saying in business and I spose relevant to property: "turnover is vanity".........
     
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  6. sash

    sash Well-Known Member

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    Calling BS on that!:D

    You would easily have double that!!!;)
     
  7. Scott No Mates

    Scott No Mates Well-Known Member

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    The numbers are right not the order or magnitude.
     
  8. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    No real reason, just because.

    However, you know how some people are all talk, no action?
    Or one of those people who's an expert at giving advice to others but never achieved anything themselves.

    At least if your getting a very healthy gross income from stable properties, it shows you have set yourself up for the time being, (with exceptions like having all your properties in a place like Moranbah), or serviced apartments with absolutely huge management and strata fees.

    As time goes on if you do nothing else different and history repeats, your nett rent will get closer and closer to gross rent as every day goes by. Any outstanding loans will be almost irrelevant in the very long term if you hold.
     
  9. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Sydney & Adelaide
    Im not as big as you :p
     
  10. Beano

    Beano Well-Known Member

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    Brisbane
    In many of the rentals i only know the net rental not the gross. As the tenant pays all the outgoings.
     
  11. House

    House Well-Known Member Premium Member

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    Sydney
    5 votes for $20k+/wk?!! :eek: Wonder if those are mainly commercial investors.

    Would be interesting to see the differences between the gross and net and how much of that rental pie disappears along the way.
     
    Bran likes this.
  12. D.T.

    D.T. Adelaide Property Manager Business Member

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    Adelaide, SA
    Or some property managers confused rent with revenue? :p
     
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  13. D.T.

    D.T. Adelaide Property Manager Business Member

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    Adelaide, SA
    Oh, and voted in the 2k - 3k bracket
     
    ellejay likes this.
  14. Beano

    Beano Well-Known Member

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    Location:
    Brisbane
    For my portfolio only 7% of my $60k pw net rental is residential the rest is commercial
    Not done the numbers but gross would likely to be another $10k pw
    I would find it hard to manage $60k to $70k per week part time if they were all residential (i would need to employ a Property Manager)
    My numbers are net of gst and all costs (except interest and income tax)
    I would be keen to see a couple of higher scale like $50k and $100k
     
  15. Iamnumber5

    Iamnumber5 Well-Known Member

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    @Beano 60k per week, that is over 3 million a year, that is huuuuge:)
     
  16. Eric Wu

    Eric Wu Mortgage Broker Business Member

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    Australia
    @sash, very interested to know how is yours?
     
  17. Beano

    Beano Well-Known Member

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    Many of the tenants pay their own outgoings so not certain what the gross rent would be
    Ps compared to many of my friends its little .
     
  18. RumpledElf

    RumpledElf Well-Known Member

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    21st Jan, 2016
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    137
    Location:
    Sydney
    Y'all making me want to buy commercial properties. But alas, I am a small fish.
     
  19. Beano

    Beano Well-Known Member

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    Location:
    Brisbane
    Residential is a lot of work per dollar of profit
    I spend more time on a $300pw rental than a $1m pa ..
    Commercial is more time efficient ...and in some commercial properties a lot less risky than residential
     
  20. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    Wow ! Huge numbers Beano.
    100mil portfolio.
    How long did it take you to build?