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Episode 284 | Kyal & Kara from The Block – How To Renovate, Raise Kids, Run A Business & Not Lose Your Mind in the Process

Kyal & Kara” Demmrich became household names after the humble chippy & physio joined The Block back in early 2014 for their Fan Vs Favs series. And when that popular reality program was over, the courageous renovation-lovers decided to do it ALL again – this time on Reno Rumble in April 2015!

And now, with their own successful Design & Construction business, Diverse Design & Build, and tackling their own Renovation Series, Kyal and Kara are a near-perfect example of what it’s like to renovate, raise kids, run a business and not lose your mind in the process!

In fact folks, we’ve ‘gotta hand it to them – this couple is remarkably positive, healthy and staying ahead of the game!!

And guess what’s even more surprising? We actually interviewed them during “The Week They Never Want to Repeat!!”

So. What’s their secret?

And what Renovation Tips could the rest of us benefit from?! (Maybe BEFORE you “do a Ben” and challenge your sanity be renovating the family home!

 

Free Stuff Mentioned

Free resources: ABCD during Pandemic

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What we cover in today’s episode…

  • Life “Before The Block”– What was Kyal & Kara’s first ever renovation?
  • Applying for The Block – The audition and interview process
  • What was it like to have a camera crew following you around for 3 months straight? (And how did it feel when it was all over?)
  • Kyal & Kara’s Backstories – What was money and the Property Story like growing up?
  • Why did they decide to do it all again so quickly?
  • What was the Bad Side of being in the spotlight?
  • What was The Planning Process like when turning around a room in one week? (Did they get help from the producers of The Block?!)
  • What’s the deal with Kyal nailing his hand to the wall? (ouch!)
  • How did the find their current renovation project?
  • Top 3 Tips to Survive a Reno!
  • Accidents & Mishaps and things NOT to do when renovating?
  • What’s the “rule of thumb” of renovation costs per metre?
  • Is the goal to Renovate & Sell or Renovate & Accumulate?
  • How do they keep their mindset in check?
  • How has COVID-19 impacted their current life? How have they pivoted?
  • Importantly: What’s the secret to renovating, raising kids, running a business and NOT losing one’s mind in the process?

 

p.s. Here’s a quick snippet of the nail accident! 👇

p.p.s. And here’s a behind the scenes view on our recording 👇

 

 

 

UPDATE: WA Residential Rent Relief Grant Scheme

As each State Govt rushes to respond to this health crisis, we strive to update our community on the most recent changes relating to residential real estate as well. And this update is no different.

This time, we’ll be unpacking the New Residential Rent Relief Grant released by the WA Govt last week on the 23rd of April 2020! The WA State Government is making available $30 million for grants of up to $2,000 for Western Australian residential tenants who lost their jobs on or after 20 March 2020 and are facing financial hardship due to the COVID -19 pandemic.

Here to fill us in on the details is Damian Collins, President of REIWA, the Founder and Managing Director of Momentum Wealth and also the Chairman of commercial property funds management business, Mair Property Funds.

 

In this short update, we’ll be covering these questions:

  • How are WA landlords and renters affected by a moratorium on evictions?
  • If there is any Land Tax Relief for Property Owners?
  • Can rent be increased during the emergency period?
  • What is the emergency period?
  • What constitutes Financial Hardship and what documents are needed?
  • Can a renter ask to reduce their rent payments?

For more questions relating to WA Rent Relief Grant, please refer to this website: https://www.commerce.wa.gov.au/consumer-protection/residential-tenancies-covid-19-response

And of course, if you’re a tenant and are currently facing financial difficulties due to COVID-19, we strongly recommend you to check out the New Residential Rent Relief Grant by the WA Govt here to apply for the grant.

 

Free Resources

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

And One Final Word…

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

 

 

 

Episode 283 | Buy & Hold vs Buy & Sell – which strategy works best in WA? – Chat with Damian Collins, President of REIWA

And so our theme of chatting with the Presidents of the property markets across the country continues! 

Here to tell us what’s happening in Bryce’s hometown (Perth 😉and the best strategy a property investor should adopt in WAis Damian Collins, President of REIWA – the Real Estate Institute of Western Australia! 

The last time we checked in with Damian was waaay back in Episode 73… and there’s been more than a few changes in the WA property market between then and now… plus, even more news since COVID-19 came on the scene! 

A bit about today’s guest… Damian has served on the REIWA Council since 2011 and was elected President of the Institute in 2018. He’s been an active investor for over 25 years and is ALSO the Founder and Managing Director of Momentum Wealth   a Perth-based property investment consultancy. As well as all thishes also the Chairman of commercial property funds management business, Mair Property Funds. 

We tackle the big question… Should a Buy & Hold Property Investor actually invest in Western Australia? 

This one is for our WA folks… and those interested in what’s happening on the grounds in the Perth property market 

  • Pre-COVID-19 
  • During COVID-19 
  • Post-COVID-19 

 

Free Stuff 

Free resources: ABCD during Pandemic

Fill in the form below and we'll email you the PDF right away! 😉
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What we talk about in today’s episode… 

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

 

 

 

 

 

UPDATE: Shocker Revoked!! Why property owners can rest a little easier in QLD now?

What a difference a couple of days makes, huh?!! 

Back on the couch is Antonia MercorellaCEO of REIQ… with some GREAT NEWS!!!! 

In light of last week’s episode, the Queensland Government has reached out to The Real Estate Insitute of Queensland (REIQ) to collaborate on a package that ensures protection for EVERYONE… ie. tenants AND landlords!! 

Antonia will fill you in on all the amendments to the proposed Rental Relief Package, what this means for landlords and tenants, and exactly HOW the reversal of this initial “Shocker” of a policy came about! 

 You can learn more about QLD Rental Relief Package here: https://www.covid19.qld.gov.au/the-hub

 

The amendments to the proposed Rental Relief Package include: 

  • Rent payments and unpaid rent: Property owners and tenants can now agree on the terms of reduced rent and deferred repayment requirements. 
  • Financial hardship requirements: The combined income of tenant/s must have reduced by more than 25% as a direct result of COVID-19 or where the rent amount exceeds 30% of income/s and tenant/s cannot afford to pay the rent. 
  • Substantiation of financial hardship: Tenants must provide the same level of proof of income as is required at the start of the tenancy to seek a rent reduction. 
  • Entry requirements: The Government will provide clear guidance to ensure access for essential repairs and maintenance, the sale of a property and virtual inspections. 
  • Break lease: To qualify for the Government’s break lease provisions, tenant/s must be in severe financial hardship which is defined as a 75% reduction in combined tenant/s income and have less than $5,000 in savings. 
  • Extension of a tenancy: A fixed term tenancy will be automatically extended to 30 September 2020 unless agreed otherwise. 

 You can learn more about QLD Rental Relief Package here: https://www.covid19.qld.gov.au/the-hub

 

Free Resources

 

What we Cover in Today’s Episode

 

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

And One Final Word…

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

 

 

 

Episode 282 | “I Was Fired Every Week”… And Now She’s The President Of The Largest Property Market In Australia – Chat with Leanne Pilkington, President of REINSW

Leanne Pilkington is no stranger to real estate. When she first started in the property industry almost four decades ago, things looked a bit different from what they do now…

For one, she was literally fired from her job every Friday afternoon! And now? Well, today’s guest is the PRESIDENT of Real Estate Institute of New South Wales (REINSW) — the largest and most influential association of real estate professionals in the country’s biggest property market!

Sure, Leanne Pilkinton is one of the most respected and sought-after commentators in real estate and a strong advocate for women in the profession, lobbying for improved education and training across the entire industry… but she’s also the Managing Director of leading NSW boutique real estate group Laing+Simmons.

And she knows the market inside and out!

Obviously, with everything COVID-19 going on, it’s safe to say that Leanne is VERY MUCH in the trenches, lobbying the government and looking at new ways the real estate industry can adapt to this climate while also being really honest about the fact that quickly formed legislation can have a disastrous impact on real estate agents, property managers and landlords.

This is a passionate and knowledge-sponge of an episode, folks!!

 

The Free Stuff

 

What’s Covered in Today’s Episode

  • Okay, what’s the deal with Leanne getting fired EVERY week?
  • What did the pathway to REINSW look like?
  • What’s it really like being in “the boys club”… and how can women in real estate navigate the industry?
  • What makes for a great selling agent?
  • What makes for a great property manager?
  • What’s the best way a buyer can get a fair price on property?
  • How should property investors deal with real estate agents?
  • Should you tell a real estate agent your budget?!
  • Real Estate 101 – The Two Ways A Real Estate Agent Gets Paid
  • What will happen to industry professionals during COVID-19?
  • What’s REINSW currently lobbying the government for?
  • Are there alternatives to paying stamp duty?
  • What’s happened in NSW’s property market since the coronavirus?
  • Is Leanne personally investing in property right now?
  • What should you expect from your tenant during COVID-19?
  • How to recognise “opportunist tenants” from tenants in genuine hardship
  • The Sydney Property Market: Pre-, During, and Post- COVID-19
  • When will Open for Inspections and public auctions kick off again?
  • What’s going to happen to the property market in September?
  • What’s the real concern in VIC and QLD right now?

 

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

And One Final Word…

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

 

 

 

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