Folks … we’ve gone a bit creative on today’s episode!!
We want you to think, act and do like …. ants!
Yep. We really do mean those teeny tiny insects…. who would have thought ants would come up in a property investing podcast? But before you ask yourself, “Have we left our marbles somewhere?”, we solemnly swear we’ve got a reason!
Well, 7 actually.
And we reckon you can take something away from today’s crafty, critter-fueled episode … especially if you’re in need a bit of a pick-me-up in the mindset department!
So, before we give you the low down on today’s episode, let’s get to the real talk: The proposed changes to the Residential Tenancies Act.
Yep, it’s causing a bit of a stir after a few disgruntled tenants have had their say ….but it’s now time to have ours. Because these reforms WILL have negative impacts on landlords. Some of the proposed changes include:
- Allowing tenants to make non-structural modifications to rental properties, which may include repainting an entire property, installing hooks for picture frames, concreting the backyard or reconfiguring built in robes
- Removal of the landlord’s rights to consent to, or refuse, pets
- Changes to notice periods around ending a lease, removing the ability for a landlord to serve a 120 Day Notice to Vacate for ‘No Specified Reason’, and removing the option to serve a 60 or 90 Day Notice to Vacate for ‘End of Fixed-term tenancy’ after the initial first term
- Capping bonds at one month’s rent where the rent is less than $760 per week. This reform will also apply rent that is paid in advance.
We get that a hook in the wall is one thing.. but concreting a backyard, or painting the walls in lime green, is an entirely different thing. These are our assets, and shouldn’t we have the voice to protect them?
So, The Real Estate Institute of Victoria (REIV) released an online petition calling on the Andrews’ Government to change these proposed reforms to Victoria’s rental laws. We want fairness for both sides.
They need 20,000 signed petitions are needed by 6th February 2018.
So, if you feel passionate about this and want to make sure your landlord rights remain, you can sign the petition here.
BUT BACK TO THE ANTS & TODAY’S EPISODE….
Did you know that ants can carry 50 times the weight of their body weight?!
This all comes into our 7 reasons why investors should think like ants because:
- Ants aren’t intimidated by their workload.
We’ll tell you how this all fits in with property investing, as well as:
- How do you break your workload down into achievable goals?
- Who can you reach out to for help?
- Which five years in your property investment journey matter the most?
- How do you balance the art of patience and timing?
- How much does selling a property really cost you?
- What’s the minimum cash buffer you need?
- What can you do to avoid financial stress
- Why’s it important to remain flexible?
- What should you expect from professional advice?
Enjoy the episode, folks!
Please let us know what you think of today’s episode! (Be honest.)