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
Connect Jackie Skein: https://www.myloganrealty.com/
Connect Joe Tucker: https://propertyprinciples.com.au/
Join Aus Property Facebook Group: https://www.facebook.com/groups/Auspr…
Join the Newsletter: https://propertyinvesting.substack.com/
SUBSCRIBE: https://www.youtube.com/channel/UC2Hq…
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.