On Property Podcast

https://www.youtube.com/watch?v=eslXgi36xgw&ab_channel=OnProperty Managing money as a young person can be extremely difficult and it's not something they teach you in school. However, it is possible but with some simple steps and the right mindsets you can get really good at managing money when you're young. N'Jaane's YouTube 0:00 - Introduction1:48 - #1: Having Multiple Bank Accounts8:16 - #2: Look at money as a form of energy9:48 - #3: Look at what you spend your money10:58 - #4: How is your spending making you feel? Is it bringing you joy?13:55 - #5: Have a holistic view of money17:45 - #6: Have good money habits when earning a little or a lot19:28 - #7: Never spend money you don't have21:00 - #8: Give to something that is important to you Recommended Videos: Barefoot Investor Bank Accounts Explained Transcription N'Jaane 0:00Looking at money as a physical form of energy and understanding what it actually is, money is just energy. And as long as you've got energy in your body, you've got a way to make money and switching from a real scarcity mindset to an abundance mindset. It's like, actually, I can make a lot of this. And it's not a bad thing, if I do. Ryan 0:23managing money as a young person can be extremely difficult. It's not something that they teach you in school, I know I wasn't very good at managing money when I was young, however, it is possible. And with some simple steps and some simple processes in place, you can get really good at managing your money when you're young, to be able to save for a property or to invest or to set up your life. Today, I have with me, john Taylor, who is one of my best friends in the whole world, but also an extremely successful young person I've seen you go from, you know, basically having no money at all. N'Jaane 0:58And they're stressed out, Ryan 1:00stressed out on money, and then even earning just small amounts to be able to build up savings, build up a buffer and fun, build up your life to the point now, a couple of years later, when you're a successful DJ, you're running, meditate and levitate, you've got a lot of things going on in your life and more money coming in than you used to. And you still better at managing money than me. I'm excited to share today, some of the things that you do in your life that people can take away and maybe apply to their lives, whether you're young, this will help you. But even if you're older, you can take a lot from this as well. So thanks for finally coming on. Well, we got there. So what are some of the things that you implemented in your life to get you from that point where you were really stressed out to feeling like you have control over your money? N'Jaane 1:46Yeah, so I was really fortunate. I have a lot of mentors and friends that in the business game and entrepreneurs and so I went to a master your money seminar, I guess when I was really young. And there's just like, it's a really simple tactic that I started implementing. And I found that it didn't actually matter how much money I made. It just gave me that head start in like, very slowly building stability for myself. So the biggest thing that I took away from that was the full bank accounts like how to actually physically manage your money. So Ryan 2:28Well, that's it, most people just have one bank account. So mine comes in and money goes out. And then most people aren't necessarily tracking that. They just kind of do the blind like half and just hope it goes through. Yeah, especially if you know, as a younger person, you've gone out on the weekend. You're not sure how much you spend? N'Jaane 2:45Oh, yeah, I really feel for I feel for people on that one. That's why being a DJ is great. Just do that. You'll save hundreds of dollars for a drink. Yeah. Ryan 2:58So what are these four bank accounts? And how do you allocate money across them? N'Jaane 3:02Yep. So I it's easy. Look, I'm a bit OCD. So. Um,

As a homeowner there can be a seemingly never-ending stream of plumbing problems. Blocked toilets, leaking taps or faulty hot water systems. They’re all a part of life, whether it’s in your own home or an investment property. But when the time comes for necessary, often urgent repairs, you want the best plumber to get the job done. And that decision making process has its own challenges. They key is to never panic or feel rushed. It’s always better to take your time making the right choice instead of chasing up loose ends later on. Backed by a calm approach, here are 8 things you should look for when choosing a good plumber. 1. Positive and Reliable Online Reviews Reviews of Metropolitan Plumbing Sydney The first thing you want to do is look at online reviews. Never leave it until you’re unhappy with a job and want to complain. It’s one thing to stick to a name you remember from television advertising or letterbox drops, but it’s another to properly check out their reputation and reviews. Leading resources include Product Review, an Australian consumer-based review site, and Google Review. Both are independent sources where customers can leave detailed feedback. You can then check out the pros and cons before making any decision. Look for recurring themes surrounding pricing, job satisfaction, customer service and availability. Individual reviews may focus on just one point, like pricing, so it’s always good to capture the overall picture. An inside tip is to avoid the lure of companies which seem too good to be true. An overall 5-star rating looks appealing, but is there actually a large quantity of reviews? A good balance of positive and negative reviews reveals legitimacy and engagement. There’s a better chance at truly seeing a company’s overall performance, rather than a tiny snapshot. Remember, it’s not possible to please everyone. There will be negative reviews and although 5 stars seems tantalising, the 4.5 ratings are the best benchmark. You can build from there and use the feedback as the perfect starting point for choosing a good plumber. Check out Metropolitan Plumbing's reviews on Product Review 2. A Good Social Media/Online Presence An engaging, communicative social media and online presence is just as informative as customer reviews. And although it may not be the first thing you think of when looking for a plumber, it’s an invaluable resource. Regular communication, informative posts and a professional website indicates a company which cares about customers. It’s more than just image.  Evidence of a plumber answering questions and comments is always beneficial. As the customer you can rest assured someone is willing to help if anything goes wrong. On the other hand, when it seems like it’s difficult to engage with a plumber online, often the poor communication stretches to customer service.  Irregular posts, no customer interaction and obvious negative comments are a major detraction. Just stay away from the plumbers and companies which give off a sour feeling on social media.  Instead, look for those who post great images and have a positive interaction with customers. An active blog on their website is a good sign so is an active YouTube channel. This can really give you a better feel for the company or plumber you're going to be working with. Plumbers that are proud to show off past work are helping you make a big decision. Their eye-catching renovations and professional installations are all the evidence you need. As they say, a picture is worth 1000 words. 3. License Numbers and Insurance Always use a fully licensed plumber, electrician, technician or tradesperson. There are no ifs or buts about it. Even if the prices are low and you’re desperate, the risk does not balance out the reward.  While you’re looking at a website or Facebook page, look for licence numbers. Often they’ll be located in the About Us section or a page footer.

https://www.youtube.com/watch?v=Z1k9zSVrMMg&ab_channel=OnProperty People often say you should look at population growth to try and predict capital growth. The idea is that if an area has population growth it is a desirable area and that will lead to capital growth. However, there is a fundamental flaw in this assumption and today I sit down with Jeremy Sheppard from Select Residential Property to discuss why population growth DOES NOT predict capital growth. Select Residential Property Article: Avoid High Population Growth Suburbs 0:00 - Introduction0:45 - Macro vs micro level2:50 - Population growth is a lagging indicator of supply3:40 - Really you want a suburb where there is little to no population growth but the suburb is still desirable4:52 - Taking the macro and applying it to the suburb level6:17 - What to look at instead of population growth6:43 - Population decline is a negative indicator8:25 - Other issues with looking at population growth9:23 - When population growth is a negative indicator Transcription Ryan 0:00People often say that you should look at population growth to try and predict capital growth and that if an area has high population growth, then that means that it's going to grow in the future in terms of the price of properties and capital growth. Today, I have with me, Jeremy Shepherd from selected residential property to actually talk about this, and to analyze and say, okay, is this actually true? Or is this something that just kind of sounds good, but doesn't have any data to back it? So I'm really excited to jump into the data trying to understand, okay, what does predicts capital growth? And it goes through population growth in particular. So, hey, Jeremy, thanks for coming on today. Jeremy 0:38Thanks for having me, Ron. Yeah, so Ryan 0:40talking about this, I think we discussed this years ago when we record it maybe four or five years ago. And I really liked your approach to this because most people say, Okay, if an area is growing in population, that means there's more demand for properties in the area. And as we know, demand versus supply, there's more demand prices are likely to go up. So people say population growth means there's more demand, which means prices are likely to go up. Jeremy 1:07Yeah, and I think at that level, that makes perfect sense. And, and when I look at it from a macro perspective, like Australia and immigration over over the previous years, it does seem to work. The problem is that, from a practical perspective, investor has to find a suburb, they have to find an individual property, and saying that a particular city is going to have excellent population growth, which is going to pump up demand. That's where it sort of loses its practicality because you've got to find an individual suburb. So if you go down to the suburb level, and look at how the population has been changing the suburbs, and a lot of people do that, they'll get ABS data about population growth and suburb level. This is where it all falls apart at that micro level, like at a suburb or local government area, because the only major way in which you can get population to grow at a suburb level, is if there are more dwellings so that people don't just, you know, move into the streets and, you know, live in a cardboard box under the freeway bridge, they occupy an already vacant dwelling. So if a whole bunch of dwellings are built, then a whole bunch of people can occupy those dwellings, and then you get that population growth measured. But of course, you needed massive supply beforehand. And so quite often, population growth, especially population growth forecasts, is really a forecast of supply. You know, the local council and developers get together, I think I agree, we can open up what they call a growth cartel. But it's really what investors should call a supply curve, because it's just extra dwellings. So wherever you get extra dwellings,

https://www.youtube.com/watch?v=udeTRKgq21c&ab_channel=OnProperty It's been a year since I've been able to come up to the Sunshine Coast and hang out with Ben and chat about life and business and property. In this video we discuss some of the key things we've been vibing on at the moment. 0:00 - Introduction1:21 - Being hard on yourself3:48 - Being present on the journey to financial freedom7:59 - Speeding up success with a plan11:45 - Gaining your best life now13:50 - What do you want?14:30 - One of the most important things Ben ever heard Recommended Videos: We're Vibing On Life Right Now (May 2018) Property and Life Update 2020: Ryan McLean and Ben Everingham (Mar 2020) Transcription Ryan 0:00It's been a solid year since I've been able to come up to the Sunshine Coast with all the border restrictions and everything to be able to come up here hang out as mates as business partners and help each other now business as I refresh it. So good talk about property, talk about live all of this stuff, I just realized how valuable this relationship is. And we had a huge walk on the beach last night, like everything we do. So romantic. Ben 0:25It was a real good luck, it was awesome. Ryan 0:27But we are vibing on life. And we've done a few of these in the past, which I'll try and find and link up down below. But it's just a more chat to kind of get to know us get to know where we're at mentally, because this is one of the most powerful relationships in my life. I know you've said the same to me. And just so much good stuff comes out of our conversations that we don't really have with other people. And I know a lot of people out there listening don't necessarily have people that are on the same wavelength to them. So we just kind of wanted to share some of the stuff that's been going on with us some of the cool things we've been learning about being present, being mindful, enjoying life now, as things are, you know, in a good spot for both of us, like, let's be real, we had a couple of years there where things were real rough on both of us financially in our lives, like, Ben 1:17yeah, and like what I'm so grateful for man is like, no matter where I was at, I've been able to like, figure it back out. Like, if I could figure it out from where I was with my anxiety like three, four years ago. Like I feel like humanity's got like an epic outlook. You know what I mean? Ryan 1:34That's an invite I can figure it out from where I was in all the debt. I was in everything that I was going through, like one thing you said to me last night when we were walking on the beach is Ben 1:46my sister's little, the tortoise. Hello, buddy, Ryan 1:49showing us his car, his toy car. But yeah, one of the things that you said to me is like, you know, if someone went through just one of the things you went through, or this or that, or that, or that, you know, they'd be struggling and like you're being hard on yourself out to go through all of these different things. And you're judging yourself saying, You're not where you want to be. I need to give Ben 2:09myself some grace. They're fully man. Like, I feel like one of the things that I've learned in the last few years is just my dad's been saying to, to me for 10 years, he's like, just be kind to yourself, man. Like, you know what I mean? And I'm like, I couldn't hear it. I'm like, No, I'm like, I'm going on this direction. I want to be here. I'm like, prepared to hustle through it and go through the pain. And I'm like, I would never speak to someone, most of the time who I speak to myself, like, why don't I just decide to be like, my best mate. And like, kind of myself and accept that, like, I've got a bit more of an active mind than most people in that sped up journey. But it's also like, you know, it's just, it's just the, you know, what I don't even know how to say what Ryan 2:50I was thinking, you and I have been so hard on ourselves,

https://www.youtube.com/watch?v=-EivK-R6yxg&ab_channel=OnProperty The market in Brisbane and right across Australia is heating up so much right now. Negotiating and buying property is a hot market requires very different strategies to a cold market. In this video we share some amazing tips for how to negotiate and secure your next property when the market is extremely hot and properties are selling extremely fast. Book a Free Strategy Session 0:00 - Introduction2:06 - What is a hot market?5:10 - Building relationships with agents10:40 - What to do once the market comes online12:40 - The agent is your friend in a hot market13:40 - Build trust and value with the agent16:28 - Review the contract and be prepared when making your offer17:50 - How to present offers and negotiate21:13 - Helping the agent move the deal forward24:30 - Creating time pressure26:28 - If the property goes to the open home33:20 - Avoiding the bidding war and not getting emotional34:40 - Looking at the upside potential by looking at history Recommended Videos: How To Get Access To Off Market Properties How To Inspect A Property Before The Open Home Newbies Guide To Property Negotiation Transcription Ryan M 0:00The market in Brisbane and right across Australia is heating up right now and buying in a hot market is so different to buying in a cold market. I just sat down with Ben Everingham, buyer's agent from Pumped on Property. And we talked through some key things about how to buy and secure property in a hot market. We're going to be sharing this video, it's so good. We're sharing across both our channels. So I'll link up to Ben's channel down below where he does, he's of great content. And so go and check him out. Otherwise, let's get straight into the video. The market up here in Brisbane and on the Sunshine Coast is heating up so much at the moment. It's not just heating up man, it is so hot right now. And the way you approach purchasing property in a hot market versus a more cold chilled up market, which we've seen over the last few years in Brisbane, as well as during that peak Corona lockdown period is very different the way you need to negotiate the way you need to talk to agents, the way you need to try and lock down these contracts and get these properties is very different. And if you don't do it properly, then you're going to miss out and we don't want you guys to miss out, we want you to get the best investment properties at the right price. So today, we're going to be talking about how to negotiate and purchase investment properties in a hot market. I'm Ryan from OnProperty helping you achieve financial freedom. I got with me Ben Everingham, buyer's agent from Pumped on Property. And he has been doing this all man you know, all the last couple of months is just hot market negotiation. So really excited for this one today. You know, I'm loving it. It's what February at the time of recording this this year to date. I think we bought 20 I bought 22 properties for our clients personally and it is really hot out there right now. And like I just said to you off camera that even with everything that I know, which is I've been doing this as a business for five and a half years but I've been selling in negotiating for a lot longer than that I've read the books, I've listened to the audio and I'm only getting four out of every six properties still, you know it is hard. It's taking everything to like get the right outcome at the moment. Yeah. overpaying. So let's before we get into it, let's talk a little bit about Okay, what is a hot market? Why is Brisbane and the Sunshine Coast? so hot right now? so hot right now. So hot right now that fridge is so hot right now. So long right now? Yeah, I'm actually growing the hair out besides like this awkward length. But so a hot market to me is simple. From a data perspective. It is either an auction clearance rate of over 75% in Sydney,

https://www.youtube.com/watch?v=DXoCSzNB_0Y The market is forever changing and things are heating up right now in many markets across Australia. In this episode we want to look at whether or not 2021 is a good time to buy and compare it to 2020 as well as previous years. Book a Free Property Strategy Session - https://onproperty.com.au/strategy Advanced Suburb Research - https://onproperty.com.au/suburb/ 0:00 - Introduction0:50 - Sentiment is super bullish2:04 - Things don't always play out how you think they logically should5:05 - Where are we in 20219:05 - Pressure on housing stock and vacancy rates10:20 - Australia is not one market13:10 - Things to look at moving forward from here14:30 - Erring on the side of caution in this market17:12 - Know your strategy before investing Recommended Videos: Is This a Sign Property Is About To Boom? (New Mortgage and Price Growth Correlation) 2 Properties to Financial Freedom Transcription Ryan 0:00The market is forever changing. And we always like to do updates about whether or not now is a good time to buy and looking towards the beginning of 2021. Looking into 2021, we've come through an interesting year in 2020, we wanted to ask is 2021 a good time to buy and what sort of things are happening in the market at the moment, and then maybe some comparisons last year, or even comparison to a couple of years ago, and see where we're at, hey, I'm Ryan from OnProperty, helping you achieve financial freedom. I'm joined by Ben Everingham from Pumped on Property to yet give you guys an update. And to talk about this just to see where the sentiments are, how things are progressing and how they might go throughout the year. Ben 0:44You know, I geek out on anything that's like analytical data oriented, it's all about me and what I'm noticing and feeling I'm liking and I've never I've never seen it this bullish at the moment like I've never seen it this positive across the board. Ryan 0:58Yeah. And I think that's something that is just so drastically different from what we've been dealing with for the last almost three years now. You know, Sydney went through its decline, Sydney and Melbourne in 2017 2018. And so, that kind of affected things and then obviously Coronavirus last year, it's just been there's been great opportunities out there. And some markets have been moving but sentiment as a whole hasn't been super bullish and super positive. And now it's just dude, every man and his dog is talking about a property some people I talked to at school, they don't even know I'm a property vlogger YouTuber, they come up they're talking to me about the Brisbane and I'm in Sydney like event talking about Brisbane or the Sunshine Coast or Ben 1:40it's pretty wild like Westpac does an epic little report called the Australian sentiment report and it is now in as of January or February this year, the highest it's been in the last seven years and December was the highest sentiments been in 10 years since the GFC. Now that is a huge precursor for like what's coming in a positive way Ryan 2:02and I think something I've had to let go of so over the last few years and dealing with renew the recession was coming or something was gonna happen and then trying to work out logically Okay, how are things going to play out and then being at this point now looking back and realizing that things don't always play out how you think they logically should? There's so many factors at play like last year Coronavirus, borders closed down international borders closed down job Kiva people losing their jobs it's like okay, the market should tank from a logical perspective people are earning less money you know what people are losing their jobs This is crazy. The market should tank but no the market dinner and and what people ended up earning more money saving more money because of job keeper and all of that sort of stuff. And then the market has actually grown as a result.

https://www.youtube.com/watch?v=Au42IAeoCuM If you're looking at developing medium density property this one is for you. Recently there has been new rules introduced that make getting approval for medium density dwellings easier. Instead of 6-12 months for approval this new process could get you approval in as little as 2 weeks. This is exciting stuff for developers and today I have Luke Durack from http://www.durackarchitects.com/ to discuss this new approval process and how you can take advantage of it. 0:00 - Introduction0:43 - What is this new process?2:23 - Difference between this and DA approval4:00 - What developments does this code apply to?6:08 - Does this apply to granny flats?6:40 - Will this code become more commonly used8:37 - The pros and cons of taking this avenue11:15 - How can people find out more about this?12:45 - How to get in contact with Luke13:15 - Will all architects know about this? Recommended Videos: The Complete Guide To The Development Approval Process: Part 1/2 - https://www.youtube.com/watch?v=AZaxtl-1daQ A Better Way To Get Development Approval - Compliant Development Code - https://www.youtube.com/watch?v=BUtkZFlh01s Transcription Ryan 0:00If you're looking at developing property, then the development approval process can be an extremely difficult and arduous process that can take an extremely long period of time with setbacks and knock backs and going back to Council and this whole process, but there's actually been introduced a new are easier and faster way in order to get development approval done for medium density. So today I have with me, Luke, jack, from jack architects. Hi, Luke, how's it going? Good, I run good. And today, we're going to talk about this new process and how you could potentially use it if you're doing some property development yourself. So Luke, do you want to kind of give us the rundown? What is this new process? What's it called? Why is it better faster than, you know, going through a DA and going through counsel? Luke 0:52Okay, I'll I'll try and keep it simple because it's, it is simple in nature, but it's quite, it can get quite complicated quite quickly. Basically, as we, when we last spoke, we spoke about compliant development as it relates to houses. So an approval pathway that bypasses council essentially, this new part of the code, which is still compliant development, relates to medium density housing, and it's called the low rise housing diversity code. And it's specific to development types, such as dual occupancies terraces, and what they call Manor houses. And essentially, like, like it is for houses. It's a fast track way of getting through accounts. And so you don't, you're not getting held up by councils having their own particular biases or objections. You go straight through a certifier, you still needed, you'd still need an architect to draw up all your drawings and get all their reports done. But you'd have to worry about neighbor objections, because they can't have any size. Basically, as long as you tick all the boxes, you can have, in theory, your development approved in a couple of weeks, as opposed to if you go through Council, six months a year, go the landmark or whatever. So it's, it's a, it's a great, it's a great if you can if you can get your development to work within this pathway. It's a bit of a no brainer, in many ways. Ryan 2:22Yeah. So we actually talked about the development approval process and how all of that works a couple of years ago. So I'll link up to that down below. But basically, going through that DEA process, Yeah, you do. There's obviously guidelines you have to stick within, then there's a period where neighbors can put up rejection objections, and you know, if it doesn't get approved, you might have to make changes, etc. Then the difference with this, from my understanding is that it's more black and white. Whereas with DEA approval, sometimes you'll step outside of what you're m...

https://www.youtube.com/watch?v=ZcwUCx4pjBo One of the most important people to have on your team as a property investor is a mortgage broker. But how can you actually find a good mortgage broker? Contact Michael at Mortgage Broker Sydney 0:54 - Start with a recommendations1:15 - Look at customer reviews, level of experience and time in industry1:50 - Access to as many lenders as you can5:15 - You need to be able to get on with your broker7:45 - How does someone engage a mortgage broker10:20 - Getting a feel for your broker11:00 - Finding someone who has longevity in the industry12:55 - Summary of how to find a good mortgage broker15:04 - A good broker will give you a path Recommended Videos: Summary of Australian Lending Changes: 2021 Update Do These 6 Things Before Applying For a Mortgage Transcription Ryan 0:00One of the most important people to have on your team as a property investor is a good mortgage broker, someone who can access multiple different lenders show you how much money you can borrow, advise you on how to get better rates, or how to increase your borrowing capacity. But how do you actually find that good mortgage broker and that good person for your team? So today I have with me Michael Brown, from mortgage broker, Sydney Comdata. You to talk through this about how can you find a good mortgage broker? How can you approach a mortgage broker and how the whole process works? So hey, Michael, thanks for coming on today. Michael 0:34Good Ryan. Good to be here. Ryan 0:36So finding a mortgage broker, if someone's you know, not in the industry, they don't have a recommendation from someone they just kind of googling mortgage broker? How can they go about kind of starting to identify who might be a good fit for them? And who might not be? Alright, Michael 0:53well, the first thing, of course, is if you've got friends or family colleagues who have at least had someone and dealt with a mortgage broker and have had a positive experience, we all know, that's probably going to be the best way. But if you're starting green, if I could put it that way, and you're just going to put it out there, then I guess you're looking for things like customer reviews, you're looking for the level of their experience, perhaps their time within the industry. Now, none of those things on its own is a guarantee, but at least it'll start pointing you in the in the right direction. Because I'm a mortgage broker needs to have I Well, I think, and I'm probably attached by us having even been in the industry for a while, but you should have some pretty good industry experience, you want to have as many of the lenders, that the sorry, you want to have access to as many lenders as you can. And you want to have Ryan 1:57does that vary significantly from mortgage broker mortgage broker, which lenders they have access to, or the most mortgage brokers have access to everyone? Michael 2:05No, most mortgage brokers don't have access to everybody. Because different people are employed under different I suppose in different within within different silos. So you could have, you know, completely independent mortgage brokers who will have access to the broad range of the industry, but some of the branded brokers would have less or fewer accreditation across all the major banks. So you might have someone who is within a franchise, for example, would have a significantly limited portfolio, Ryan 2:47which is interesting, because you would kind of think, as a lay person who's not in the industry, you would kind of think the opposite, that if someone's franchise, and it's a big company, then they're actually going to have access to more lenders than an individual. But I don't know if it has something to do with, you know, buying power and these groups negotiating with particular lenders and featuring them? Michael 3:08Well, some of those things are true. Look, I'm not necessarily saying that just because you're...

https://www.youtube.com/watch?v=tByp8zBwmGE When you have an investment property it's really important to have a good team behind you. One of the most important people in that team is your rental manager. But how do you find a good rental manager and how do you even know what to look for? Today we talk to rental manager Lauren Robinson about how to pick the right rental manager for you. Rental Results Brisbane Property Managers 0:00 - Introduction1:35 - The difference between a good and bad rental manager4:39 - #1: How Do You Market Your Properties?7:22 - #2: How Do You Vet Tenants7:40 - #3: How Do You Manage Tenants and Do You Have an Online Portal8:10 - #4: How To Tenants Report Maintenance8:16 - #5: Who Will My Rental Manager Be?9:42 - #6: How Frequently Will You Inspect My Property?9:49 - #7: What Training Do You Offer Your Team?10:00 - #8: How Do You Handle Rental Arrears?11:58 - #9: Do You Offer a Service Guarantee?12:08 - #10: What Backup Staff Do You Have If Someone Is On Holidays or Sick?12:25 - #11: How Frequently Will You Communicate With Me?13:14 - How To Compare Property Manager Fees15:30 - How To Change Rental Mangers Recommended Videos: How To Know If a Property Will Be Easily Rented How To Increase Your Rental Income Transcription Ryan 0:00When you've got an investment property, it's really important to have a good team behind you. And one of the most important people in that team is going to be your rental manager. This is the person that's going to make sure your property gets rented deal with any issues that come up, make sure you get paid on time, all of that good stuff. But how do you go about choosing a good property manager? And how can you identify a good one from a bad one? So today, I have with me, Lauren Robinson from rental results.com.au, who's a rental manager herself been in the industry for nearly 20 years. And she's going to talk us through some questions you can ask, and things you can do to understand, okay, is this going to be a good property manager or not? So hey, Lauren, thanks for coming on today. Lauren 0:42Yeah, thank you, Ryan. Thanks for having me. Ryan 0:45No worries. So this is obviously a really important topic for people who have just purchased a property or maybe they've got a rental manager that they're not completely happy with. And they're thinking about shifting, how does one find a good rental manager? How can you look at the different websites and say, okay, who do I pick? How do I even know? Lauren 1:04I know. And that's that is a hard question. I think really, you know, often people ask their friends or their family, or maybe a sales agent they've dealt with, or often people will just choose the agent that they've bought through purely because they don't know where else to look. And I think it's really important to do your research online, have a look at how they're marketing properties, and also interview a couple of different agents. So I have got a list of questions that I'd suggest you ask a prospective property manager. Yeah, just to narrow that down. Ryan 1:34Before we jump into those questions, just so people can understand the difference between a good agent or a good rental manager and a poor rental manager? Do you want to tell us the story, again, that we did in a previous video about that property you got that was vacant for a number of weeks before the people shifted over to you? Yeah, so Lauren 1:53we, so there was a property in a complex that we actually managed quite a few in that building the property have been on the market for six weeks with no interest, no applications, we took that property off that agent. And within two days we'd been we were able to rent that property for $20, more awake. And the reason being is purely because of how we changed all the marketing. So we made sure it was marketed properly online, we have an online booking system. So tenants can book in times, you know, obviously,

https://www.youtube.com/watch?v=4N8YjMF0SB4 If you're looking to invest in property, you're going to likely need to get a mortgage. And if you're going to need to get a mortgage, you're going to need to present your finances to the bank in a way that they're happy to lend you money. And today, I have with me Michael Brown from mortgagebrokersydney.com.au. And he was telling me that he spends so much of his time coaching people and things that they need to do to get their finances in order so that they can get a loan, I thought that would be a great thing to talk about to help everyone out there who's looking at getting a mortgage. Contact Michael - https://mortgagebrokersydney.com.au 0:00 - Introduction1:07 - Have your documentation3:10 - Explanations for expenses4:53 - Regular savings pattern + frugal living7:19 - Reducing your debt + making debt repayments8:35 - Reducing credit card limit12:23 - Get a copy of your credit report15:45 - What point should you engage a mortgage broker19:15 - Benefits of using a mortgage broker Recommended Videos: Summary of Australian Lending Changes: 2021 Update Transcription Ryan 0:00If you're looking to invest in property, you're going to likely need to get a mortgage. And if you're going to need to get a mortgage, you're going to need to present your finances to the bank in a way that they're happy to lend you money. And today, I have with me Michael Brown from mortgage broker sydney.com.au. And he was telling me that he spends so much of his time coaching people and things that they need to do to get their finances in order so that they can get a loan, I thought that would be a great thing to talk about to help everyone out there who's looking at getting a mortgage. So hey, Michael, thanks for coming on today. You know, Ron, Michael 0:30good to be here. Ryan 0:32Okay, so let's just say someone's looking at investing in property, maybe they've got their deposit at the moment. Generally, I think most people would just be like, Okay, I'm just going to go to the bank and apply for a mortgage straight off the bat or speak to a mortgage broker. But there's a lot of things that they can do to help set them up for success before even getting to that point, or if they're in the process of saving their deposit isn't Michael 0:53that they absolutely is. And and, and that will just make it much, much easier. Firstly, for them, and then for the the broker and the bank to approve their loan. Ryan 1:06Okay, so what are some of these things that people need to be aware of or need to start doing before they apply for a loan? Michael 1:13Well, there's obviously some basics, you can have all of your documentation, you would be surprised how difficult it is for sometimes for me, literally just to get you to send me the information that I need. Now, I know that sounds like basic housekeeping, but your life is going to be easier if you've got some basic things ready. Ryan 1:33What documentation are we talking about here? Ah, I Michael 1:36think I'll go through a really brief list. But if nothing else, you could have your payslips ready. Sounds basic, but you'd be surprised how many people can't find them. If you're self employed, really big one have done your tax return, that lots and lots of people who are self employed a front front up with their their tax return from last year or two years ago. And, and sometimes that's enough, but at the moment, you'll find that, particularly after we've, so we've worked our way through the pandemic, self employed, people really need to have their June 2020 tax returns done. The banks are really big on having as much current information as they can. And for a self employed person, a June 19 tax return isn't gonna cut it. Ryan 2:25Yeah, especially with all the changes that have happened in 2020. With COVID. Like, just because you have this much in 2019, that does not have any correlation to what you may have earned in 2020....