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Zali Reynolds, from Shelter Real Estate, has come in again to talk to us about what we should be looking for on our sales advertising schedule.
When you sign up with an agent, they usually put a dollar figure in the box under the commission which is the maximum the agent is allowed to spend on advertising your property. That figure could be a figure off the top of their head with no care how they will spend that money, but most will likely give you an advertising schedule. We want to know what's worth being on the schedule, and what shouldn't be?
What's the highest amount of money you've seen spent on an advertising schedule?
1. What should you expect on an advertising schedule?
2. What are some of the things that can appear on an advertising schedule that should be questioned?
3. How much should we be spending on advertising?
4. Will I be expected to pay for the advertising upfront?
5. Is print advertising 'dead?'
6. If I decide to go 'off market', rather than spend money on advertising, will that reduce the net of buyers who could be interested in my property?
a) What would a good 'off market' strategy be if I'm on the fence about spending money on advertising?
7. Dee from Carnegie wants to know if she should expect her agent to cover the costs of her advertising?
a) What happens if they haven't sold my property within the exclusive authority period? Do I still have to pay for advertising?
8. I know as a copywriter, some owners think that the agent writes the ads, then they question what are they paying the agent for? The reality is most agents haven't got the English skills to write something succinctly and effective. Being objective, what do you think about agents vs a professional copywriter writing the ads?
9. Are agents still getting rebates from their suppliers for using their services for advertising?
a) what are the laws regarding this?
10. What are editorials?
a) What are the benefits?
b) Do we pay for them?
c) Are they guaranteed?
11. Should we be worried if our agent uses a supplier from overseas to provide them with advertising materials, like retouching photos, videography editing, floorplans, copywriting and brochures?
https://shelterrealestate.com.au/articles/
Owner’s Corporations, or Body Corporations, as they were once known, are the key to managing land titles with multiple owners, such as units, apartments and sometimes whole housing estates. They set a standard of how well a shared property is maintained, and the reality is, there’s the good the bad and the ugly in both building maintenance and Owner’s Corporations. Today we are going to find out how to know if your Owner’s Corporation is doing the right thing by your block and what to do if they aren’t.
A respected leader in the strata management sector, we welcome back again Kate Yeowart, the Director of Strata Equity Management. Kate has worked in all facets of real estate and as a law cler,k and she holds a degree in Political Science which she puts to good use in her business. Welcome Kate.
The reality is, Owner’s Corporation Managers are necessary to maintain order within a shared development. But they do get a bad wrap for various reasons. What is it Kate, that an owner’s corporation and what do they do?
If there is a defect to the common property, say a broken pipe that’s flooding the basement car park, how is that usually brought to the Owner’s Corporation’s attention?
Chris from Sunshine is looking at buying his first investment property. Because he won’t be living there, he wants to know what to look out for when buying a property, if the Owner’s Corporation is good or bad…how can you tell by just being at the property?
Hypothetically, say we have an 60s brick apartment block of 8 x 2 bedroom apartments, what can be the difference in Owner’s Corporation fees from lowest to highest that we would be expected to pay?
How involved should your Owner’s Corporation Manager be?
How often show we hear from our Owner’s Corporation Manager?
Nick from Ballarat is concerned about his noisy neighbour when he’s trying to study in the early hours of the morning. He thinks it maybe some religious music blaring, like at odd prayer times, should he report it to his Owner’s Corporation that there’s supposed to be an element of noise control between certain times of the day, or is that a matter for the police?
What happens if you want to change the Owner’s Corporation Manager?
What happens when different owners have different expectations for the common property?
How are insurance claims dealt with?
How does it work when there is an evan number of properties to make a decision on common matters?
What happens if someone misses a payment or is well behind in payments contributing to the management of the building? How is that dealt with?
CEO of SPASA VIC, CHRIS SAMARTZIS JOINS US TO EXPLAIN IN DETAIL THE NEW POOL AND SPA REGULATIONS COMING TO VICTORIA ON 1ST JUNE 2020.
THERE HAVE BEEN 27 DEATHS IN PRIVATE POOLS AND SPAS SINCE 2000, WITH AT LEAST 20 OF THOSE DEATHS FROM POOLS THAT DIDN’T HAVE THE REQUIRED SAFETY BARRIER. 12 OF THEM WERE CHILDREN WHO DID NOT RESIDE AT THE PROPERTY, AND AT LEAST ONE, THE CHILD WAS NOT KNOWN TO THE OWNERS. NEW POOL AND SPA REGULATIONS HAVE HIT VICTORIA AND COME INTO EFFECT ON JUNE 1, 2020. THERE ARE A FEW THINGS WE NEED TO DO BEFORE THIS DEADLINE AND WE HAVE CHRIS SAMARTZIS FROM THE SWIMMING POOL AND SPA ASSOCIATION OF VICTORIA (OR SPASA VIC), HERE TODAY TO TELL US WHAT WE NEED TO DO.
CHRIS SAMARTZIS IS THE CEO OF SPASAVIC – THE SWIMMING POOL AND SPA ASSOCATION OF VICTORIA – THE PEAK BODY REPRESENTING POOL AND SPA BUILDERS, RETAILERS, SUPPLIERS AND ANY BUSINESS ASSOCIATED WITH THE POOL AND SPA INDUSTRY – WELCOME CHRIS.
Michelle and Dean Davis from property styling and maintenance company M+CO Property, explain to us about what we can do ourselves over the 4-day weekend, and what we should leave to the professionals. A great episode!
Getting your hands dirty with painting, gardening, cleaning and down-right perfecting your home to save some dollars is all part of the process of getting your home ready for sale. But when should we realise, we don’t know what we’re doing and should leave it to the professionals?
As Easter is here, today’s episode is about all the DIY renovating we can do over the 4 day weekend, and planning ahead if we need to get the professionals in.
Husband and wife team Michelle and Dean Davis, founders of M+Co Property, a bayside-based property styling and maintenance company are in today to talk to us about DIY renovating over the Easter period. M+Co Property services the Bayside corridor, and have been around since 2016. Michelle is an experienced stylist and Dean, a qualified Electrican and registered builder. Together they M+Co Property – a one-stop, pre-sale property presentation service, providing furniture hire, professional styling, trade and renovation services, as well as interior design. Welcome Dean and Michelle.
Dean and Michelle, how did you come up with the idea of M+Co Property?1. As Easter is a 4-day weekend, what would you suggest be the best things to attend to over the 4 days?
5. What type of work would you need a certificate of compliance, and would they need to be presented in your Section 32 contract when selling your home?
6. If you need to get things in a hurry but the jobs are too small, you usually hear about trades who will fit you in when they are ready. What type of services are out there for sellers to find something to do the small stuff? Ensuring it’s don’t professionally?
Special Offer: Register your interest with M+Co Property to do one of their free workshops on home presentation. Contact M+Co Property at www.mcoproperty.com.au or 9555 7485
Kate Yeowart from Strata Equity Management comes on the show today to talk to us about the different titles property can have, how an owner's corporation is involved and knowing what you need to be responsible for.
Owning a property doesn’t necessarily mean that you have the right to do what you want with it. Sometimes you need to get Owner’s Corporation agreement to change anything externally, sometimes it’s just not allowed based on the title. Knowing what type of title you are buying before you buy can make it all a lot easier to accept what is possible and what isn’t. Today we want to know how to decipher what title is what, and we have REIV member, and the director of strata equity management in to tell us all about it.
Intro:
A respected leader in the Strata Management industry, Kate Yeowart is the director of Strata Equity Management. Kate has worked in all facets of real estate, has been a law clerk and been in credit management, so she knows all the different sides of strata management. Kate holds a degree in political science, which she puts good use in her business. A credit to the industry, welcome Kate.
Grant: Kate, why did you choose strata management over all other sectors in real estate?
1. What are the types of titles you could expect on an apartment or unit block?
Miriam Sandkuhler, from Property Mavens, takes away the confusing about price ranges and quotes on property marketing, Statements of Information and what the vendor can do with their reserve. It's quite insightful. To be in the running for a copy of Miriam's book 'Property Prosperity', listen out for the codeword in the podcast and private message us on Facebook for your chance to win.
Intro:
Today we welcome Miriam Sandkuhler, the CEO and multi-award winning property advocate from property mavens to talk to us about quoting. She is the best-selling author of property prosperity, an accredited property investment advisor and sought after media commentator on the subject of all things property for major newspapers, national radio and television. Welcome Miriam.
Miriam, how did you get into the advocacy business?
Show Notes:
Link to a Consumer Affairs Fact Sheet regarding quoting. https://www.consumer.vic.gov.au/search-results?s=fact+sheet+on+underquoting
Competition Time
We have 2 copies of Miriam Sandkuhler’s book ‘Property Prosperity' to giveaway.
All you have to do is while your listening to Episode 11: Listen out for the ‘Codeword’ and private message us the answer for your chance to win.
Kim Steel from Property Mums is the ultimate AirBNB investor, making over 20% return on most of her properties. Listen in to hear some of the tricks of the trade and how you can maximise your investment dollar.
Intro:
Kim Steel has been a property investor for 25 years. 12 years ago, she changed her tact, and changed her properties from long term leasing to short term leasing. She is the founder of Property Mums, a company that styles, mentors and manages some very busy AirBNBs in Melbourne, on the Mornington Peninsula and in Hepburn Springs. With some of her properties ranked the highest earners on AirBNB, welcome Kim.
Grant: Kim, what made you change your tact from long-term leasing to short-term leasing?
1. What do you need to consider when organising a house or apartment for AirBNB?
Show Notes:
Kim Steel, from Property Mums, has an eBook called ‘How to Buy, Set Up, and Run Holiday Homes for Profit’. Go to https://www.propertymums.com.au/product/how-to-buy-set-up-and-run-holiday-houses-for-profit/ to grab your copy.
Nicole Jacobs, from Nicole Jacobs Property, and regular on The Block, comes in to tell us about what a buyer's advocate does and how buyer's advocates can get you your dream property within your budget.
Intro:
Today we welcome onto Real Estate Right, one of our favourite property experts on Channel 9’s ‘The Block’, Nicole Jacobs. Director of Nicole Jacob’s Property, Nicole is a prestige property buyer’s advocate, and is here to explain to us about the wonderful world of buyer advocacy. Welcome Nicole.
Nicole, how did you get into the buyer’s advocacy business?
Listen to how Nicole explains to us a completely different angle on what a buyer’s advocate does to ensure you buy the perfect home for you.
Special Listener Competition:
We have a copy of Nicole Jacobs book ‘Sold’ for one lucky winner. Like, Share and Comment on our competition facebook post on why you would love to get a copy of her book to be in the running to win.
Matthew Phillips from Patterson Homes comes in to talk to us about what to expect from your building contact when building a new home.
A building contract is quite an involved document. It includes everything from time frames, payments required, materials used to build, appliances, tiles, driveways, landscaping, floorplans, fence lines, plumbing, lighting plans, this list goes on! Matthew Phillips is here again today to explain the do’s and don’ts of signing a builder’s contract.
Intro:
Matthew Phillips, Managing Director of Patterson Homes, has the eye for detail, the commitment to customers and the passion to build. He’s seen plenty of building contracts in his time and knows what works and what should be questioned. With 26 years experience in the building industry, Matthew is here to tell us how to get it right. Welcome Matthew!
1. What is a building contract?
Show Notes:
Photos of the medical/childcare centre that turned into a big hole, damaging neighbouring properties as mentioned in Fun Facts. Credit: Clare Kermond of The Age for that story.
Here is a link to a checklist of what is required in regards to getting building permits & insurance for Extensions and renovations costing more than $10,000.
https://www.consumer.vic.gov.au/housing/building-and-renovating/checklists/extensions-and-renovations-costing-more-than-10000
Special Listener Offer: Matthew Phillips is offering a free consultation and quote for someone who is wanting to build their dream home. To be in the running, you need to go to Facebook and Like, Share and Comment why you would love to win a free consultation.
REIV Vice President and director of MJ Docking in Vermont, Adam Docking, joins us to talk to us about the Section 32 and why it's an important document.
Section 32s are the documents you sign when you purchase a property. They are best to be read by your legal representative to ensure you’re not buying something you don’t understand. Most people read it for what it tells you about the rates, water and other supplies… but there is so much more. We have Adam Docking, the Senior Vice-President of the REIV on today to tell us what we really should be looking out for.
Intro:
Adam is the Senior Vice-President of the Real Estate Institute of Victoria and the Director of MJ Docking & Associates with over 20 years experience in the real estate industry. The Vermont-based agency was founded by his father in 1983 and provides services in residential sales, commercial sales and property management. A member since 1994, Adam is an Associate of the Real Estate Institute, the current chair of the REIV’s auction chapter and is passionate about auctioneering.
1. What is a Section 32 and why is it an important document?
Special Listener Offer From Adam Docking from MJ Docking is offering 20% off his standard commission and advertising rates for anyone in the City of Whitehorse who is looking to list their property for sale, if they mention Real Estate Right to him. Contact Adam on 8877 7022 or docking.com.au
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