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248 | Everything You Need to Know About The 138 Changes Landlords Are Facing

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There’s ONE HUNDRED AND THIRTY EIGHT CHANGES to Victoria’s rental laws coming into effect next year… and we think these are about to set the precedence for legislation across the entire country.

Which means… landlords need to be clued in on their rights and what’s going to be expected moving forward — and frankly folks… we think the pendulum has swung slightly too far, and is now quite in favour of tenants. So, what do “Residential Rental Providers” — which, by the way, is what Landlords are about to be called — need to know BEFORE these changes kick in??

Here to fill us in on everything in this pretty epic episode, is Hayley Mitchell, Director of Geelong Property Managers and Director and Trainer of Mitchell PT, which provides training and consulting in the property management industry. Plus, she’s also a fully licensed Real Estate Agent and has worked in property management since 1999 (she’s well-and-truly passionate about this stuff, folks!)

And here’s where it gets super important…

Hayley has actually gone through the ENTIRE 500-page Residential Tenancies Amendment Bill with a fine-tooth comb.

And not only is this impressive… but also, it’s actually incredibly helpful for us landlords — or wanna-be landlords, or even the tenants amongst us!

Let’s find out what on earth is going on and how exactly these changes to legislation affect us!

And just a bit of a disclaimer folks: this is Hayley’s interpretation of how these changes will impact landlords and as such should not be taken to represent advice in any way. If you want more information, please seek professional advice from your property manager 😉

 

Today’s Links…

 

Free Reports from Ep 246 & Ep 247…

 

The TOP Highlights…

  • When are these changes coming through?
  • How much notice do you need to get the tenant to vacate?
  • What are the changes to the rental minimum standards?
  • What’s the fine if you don’t advertise your property at a fixed amount?
  • How does “Section 68” affect a landlord’s responsibility for repairs?
  • Is there anything landlords can do about tenants keeping pets?
  • How long will landlords need to give notice to vacate?
  • Why are tenants being let off the hook when it comes to cleaning?
  • Is there any way to protect yourself from a tenant’s ability to make “modifications” to your property?
  • How much notice do you need to inspecting a property?
  • What is the fine if evict the tenant in order to move in but then don’t actually move in?
  • Why’s https://thepropertycouch.com.au/ep82-qa-investing-in-property-overseas/a great tenant so important?
  • What’s “The Landlord Blacklist“?

 

P.S. You might also be interested in…

245 | From Motor Mechanic to Selling James Packer’s House! – Chat with Michael Pallier

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Some stories need to be heard to be believed! And the story we’re about to share with you is indeed one of these… ‘cos today’s guest went from being a motor mechanic to selling some of the most expensive properties across the country… yes, including… the home of Australian billionaire businessman and investor James Packer!

Joining us on the Couch today is Michael Pallier, Managing Director of Sydney Sotheby’s International Realty — an elite agency that handles the sale of luxury residential homes and rural properties throughout NSW and the ACT!

To give you an idea of the calibre of the properties Michael sells… well, folks… he’s just sold his EIGHTY-SECOND property valued OVER $9 MILLION (oh, and Packer’s property went for a cheeky $70 mill)!!

His sales history has included…

  • The most expensive home ever sold in Australia
  • The most expensive home ever sold at auction in Australia
  • The most expensive residential land ever sold

So. Pretty impressive stuff, right? But what we really wanna know is… … how???

How on earth did a motor mechanic all of a sudden start selling luxury homes? And who are the people who are forking out some serious cash for these properties?

And, of course, what can we learn from Michael’s secret to success?

Psst… as mentioned in today’s ep, here’s the house he’s currently selling: https://www.realestate.com.au/property-house-nsw-vaucluse-131386806

And here’s Bryce’s mindset minute from Simon Sinek! Watch his video here. 

 

THE INTERESTING STUFF

 

P.S. If you’re interested in learning more about property, finance and money management — and you also wouldn’t mind having VISUAL demonstrations to help cement your learning, check out our Facebook Live Videos.

 

 

 

243 | This is How You’ll Be Buying Property in the Future… Steve & Trent from Phoria

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Want to know EXACTLY HOW you’ll be buying property in the (not too distant!) future??

We know we sure do!

So folks, here to tell us what the future in real estate is with augmented reality, virtual reality and a whole lot of jaw-dropping new tech is Steve Kounnas and Trent Clews-de Castella from Phoria, a world leading immersive tech studio that specialises in just this! Not to mention the fact that Phoria’s good mates with the likes of some “kinda known” brands like Google, REA Group and News Corp — oh, and they also happen to be neck deep in their mission to transform human experiences!

And, yep, the reason we’ve got them on isn’t just because Steve and Trent have ALREADY changed the game in the “extended reality” space… but also, they’re about to clue you in on what’s to come!!

Sure, you might think this stuff is like something straight out of a sci-fi film … but we kid you not folks… it’s anything but! Yep… it IS coming (in fact… it’s already here)… so you can only imagine how fast some of these changes are going to land in the real estate industry!!

Picture this… buying property in a VIRTUAL world!

And before you get all weirded out… just remember… not too long ago the thought of an iPhone seemed impossible/ridiculous/the brain child of someone completely nuts… but NOW??  Well… we’ve all got one in our back pockets, don’t we?

Stay ahead of the curb and you’ll always be ahead folks!  😉

 

Resources Mentioned:

 

The Top Highlights…

  • What’s virtual reality going to do to property?
  • What’s a Matterport camera and how’s it going to change the way you SEE property?
  • What will you eventually be able to scan and create in your own home?
  • WHEN will this tech be in 80% of the property market?
  • How are real estate agents going to deal with you when these changes roll in?

 

Plus These Gold Nuggets…

  • What’s the difference between virtual reality and augmented reality?
  • How will this tech transform the way you maintain your property ie. construction, water pipes etc? (well, the entire building and trade industry really!)
  • How did Steve and Trent get interested in augmented reality?
  • When did they realise they were seriously onto something?
  • How’d the first ever “virtual inspection” of a property come about?
  • Who’s investing in these types of companies? And what does that tell us?
  • What industries are also being lead and transformed by this tech?
  • Is this stuff super expensive?
  • 10 years from now… what are you looking at? How are you buying property?

 

 

242 | Proof That You Can Get on the Property Ladder AND Invest in Property in Your 20s – Chat with Courtney Te’ray

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Let’s face it. There’s a lot of millennials and first home buyers among us who are frustrated and struggling to get onto the property ladder. And we don’t blame them!

It’s hard work hauling yourself up on that first rung… and it can seriously knock you around, especially if your friends are out “brunching” and you’re choosing to stay home again and… save more money.

Are we right? Believe us… we feel ya, folks! If you’re just starting out, often times it can seem like you’re making snail-pace progress, so much so that it becomes all-too-easy to believe there’s zero point to your efforts at all. So, guess what?? We’ve got your back… ‘cos you’re actually NOT alone and, as a matter of fact, it pays (quite literally) to check in with someone you can relate to who has been exactly where you are, has seen success and can help you get over the line (or at least know that, yes, it IS possible!).

That’s why we’ve got Courtney Te’ray on The Couch today!!

And at 28, it would be easy to confuse Courtney as a stereotypical millennial — you know, “smashed avo”… “living in the now”… and “delayed gratification” a WORLD away — BUT in actual fact… Courtney is ANYTHING BUT this….

She and her partner Aaron have been slowing chipping at their own property portfolio and putting into practice

“If it’s meant to be… it’s up to be”. And the thing you might find a lot of comfort in, is they’ve invested in property on ordinary incomes — to give you an idea, Courtney has NEVER earned more than $60K while building up this Property Portfolio… Impressive, right?! Want to know how she did it? And how thinking (and acting) differently can ultimately set up your future for life?? And if you’d like to learn more about her backstory, check out her video here!

Psst… you DON’T need to be in your twenties to take some #inspo from this episode!!

 

Resources mentioned…

 

The TOP SEVEN Highlights…

  1. What made Courtney think differently about “Having It All Now” versus “Having A Better Future”?
  2. How Can You Navigate Different Views of Friends and Family?
  3. Why is Future Planning Critical for a Property Investor?
  4. How to Spot a GOOD Buyers Agent!
  5. How to Spot an Investment Savvy Mortgage Broker!
  6. What’s MOST Important: Rate or Pre-Approval?
  7. Tips and Advice for Young People and First Home Buyers…

 

Keen to Get Started with Money SMARTS like Courtney?

Fill in the form below and create your account on our Money SMARTS Platform now!

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