How to stop getting stuck at 2 Properties: Upping your Property Investing Game – Jackie Skein

Show Notes

The Money is in the management!

It blows my mind when I hear 1 property manager quote $400 a week rent and another $550!

You need to know the market rent and go with a PM that is actually working for you.

How do you choose a good PM?

How do you raise rents? What is the process?

We like to bring experts on each and every week and tonight is no different!

We have the amazing Jackie Skein from My Logan Realty who is going to give us the insider tips to optimise your portfolio.

Join us to learn it all.

Topics we’ll be talking about include:

  • What you all want to know how to stop getting stuck at 2 properties! This one is bound to be juicy and actionable.
  • Unpacking insights on how to select an area.
  • Revealing her process on how to get off market deals.

 


Episode Highlights

03:37 Quote of the Week – Intelligent Investment

05:01 Mindset and Breaking Barriers

11:31 – Finding the Best Path with Limited Resources

14:00 – Freezing Equity for Future Renovations

16:40 Introduction to Jackie and her background

18:05 Unpacking area research and building relationships

19:22 Importance of visiting the property before finalizing the deal

22:09 Negotiating Repairs and Discounts

23:05 Setting Goals and Seeking Advice

24:11 Property Yield and Potential Rent Increase

25:16 Maximising Market Value through Renovations

27:45 Understanding Property Ownership Statistics

28:06 Helping Others Overcome Stagnation

31:22 Increasing Income vs. Property Development

35:20 Importance of Area Research

40:46 What is a Triplex and why choose it over a house?

43:07 Principle and Interest Repayments

44:43 Equity Growth and Refinancing

45:41 Borrowing Capacity and Professional Advice

47:37 Understanding Hot Spots and Not Spots in Area Research

50:50 Effective Communication and Dealing with Property Managers

52:06 The Importance of Property Managers Being Investors Themselves

54:01 Rental Renewals and Market Value Assessment

55:36 Understanding Tenant Preferences and Area Demographics

56:51 Adapting to Changing Rental Markets

57:41 Understanding Repair Requests as a Property Manager

58:12 Using Common Sense in Handling Repair Requests

59:04 Importance of Being Prepared when Buying Property

1:02:04 Property Manager’s Role in Identifying Capital Growth Pockets

01:03:34 Property Management and Accounting

01:04:09 Analyzing Suburbs in Logan

01:05:33 Justifying Property Value with Sales Data

01:06:30 Off-Market and Pre-Market Properties

01:08:01 Leveraging Relationships with Selling Agents and Property Managers

01:09:19 Finding Off-Market Properties

01:10:57 Referrals and Evaluating Off-Market Deals

01:13:35 Strategies for Obtaining Off-Market Deals

01:14:58 Tips for Finding Off-Market Properties

01:19:37 Frequency of Follow-Up

01:21:48 Leveraging Development Agents for Subdivisions

01:25:52 Impact of Solar on Rental Demand

01:27:11 Profiting from Solar Rebates as an Investor

01:28:10 Comparing Capital Growth in Bundaberg and Ipswich

01:29:09 Addressing Flooding Concerns in Bundaberg

01:29:57 Listing Volumes in Logan

01:31:45 Tasmania and Better Opportunities in Australia

01:32:11 Melbourne Apartments and Supply & Demand

01:33:32 Solar Power Benefits and Questions

01:33:45 Stopping Strata Title and Insurance Premiums

01:36:57 Conclusion – Q&A

01:40:06 Final Remarks and Farewell

Episode Resources

Other Guests On Our Lives

Chris Gray, Amanda Farmer, Steve Palise, Nathan Birch, Todd Sloan, Cate Bakos, Mike Mortlock, Lloyd Edge, Karen Baldwin, Rob Flux, Kent Lardner, Charley Valher, Bernadette Janson, Pete Wargent, Melinda Jennison, Bushy Martin, Michelle Lewis, Peter Koulizos, Jane Slack-Smith, Joe Tucker, Jordan De Jong, Scott Aggett, Belinda Smith, Jef Miles and more.

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