Wednesday, 2 November 2011

The Self Management Super Fund Investment Strategy

Each SMSF must have a well defined investment strategy in place, that is, a document that details how the Trustee will invest the money in the fund, including a breakdown of asset classes including cash, bonds, shares and real property.

This Word DOC is a well refined investment strategy that I personally use that you may adapt to your SMSF, perhaps changing the mix of asset classes that you want to invest in.

Save yourself some time and hassle and use my investment strategy as a template for your own.

Click here to order and download as a Microsoft Word .DOC immediately. You'll be able to edit the template directly.

Tuesday, 11 October 2011

The 20 Ingredients to Darrell Lea's Rocklea Road

Did you know that Darrell Lea's version of Rocky Road, aka 'Rocklea Road' has 20 core ingredients?

This was on last night's episode of Junior Masterchef. I rattled off about 12 ingredients from memory.

Here's the full list:

* Dark Chocolate
* Milk Chocolate
* White Chocolate
* Marshmallows
* Pistachio nuts
* Peanuts
* Coconut
* Pecans
* Honeycomb
* Fudge
* Nougat
* Turkish Delight
* Cherries
* Bananas
* Pineapple
* Apricots
* Sultanas
* Liquorice
* Rice Bubbles
* Peanut Brittle

Thursday, 22 September 2011

A Guide to Twitter for Dummies

For all those that say "I don't want to tweet about <the fluff between my toes|what I ate for breakfast|what I am doing right this second|some other menial thing>" doesn't understand Twitter at all.

Twitter is a tool, and can be used very differently depending on who's wielding the tool.

It's an amazingly powerful tool to communicate with an audience, to market products, to get feedback and to get up-to-the-second information about topics that are happening right now.

Firstly to get everyone on the same page:

A "tweet" is a concise sentence or two, limited to 140 characters.

You can write your own tweets or 'retweet' (RT) other people's tweets.

Twitter accounts, when you tweet, start with the '@' symbol, followed by the name, eg @mjanthony.

You can send a direct (private) message to another Twitter account if they follow you.

A 'hashtag' is a hash followed by a word that is searchable, eg #therenovators. Whenever someone searches for that word, if you tweet with the hashtag, your tweet will appear in their search.

When you create a Twitter account, you start with 0 tweets, 0 followers (people who will receive your tweets) and 0 people you're following (people whose tweets will appear in your timeline).

You can start following other Twitter accounts, and when they tweet, their message will appear in your timeline automatically. So naturally, follow people who you find interesting. Don't follow the 16 year olds who babble on about nothing. Follow the tweeps that interest you.

You can't make anyone follow you, that's up to the individual, but eventually people may find what you tweet to be interesting and naturally follow you.

I can log into Twitter and scroll through my timeline of today and have all my realestate news, property information, jokes, interesting news articles and headlines in one place.

My account is . I have almost 800 followers as of writing this article, and when I glance through who is actually following me, they are mostly made up from people who are interested in property, because I naturally tweet mostly about property, including articles and news.

It's possible to use Twitter as an information-only resource, that is, not tweet at all.

You can link Twitter up to Facebook so your tweets appear in your Facebook status and vice versa.

There are multiple Twitter clients out there including Tweet Deck, so you don't have to do everything through a browser. Twitter also has clients for the Android and iOS smart phones and tablets.

I hope that at least one person finds this information useful. I'm a big fan of Twitter - it has its place in the social media spectrum.


Friday, 9 September 2011

An alternative to charging tenants for water.

Say your rent in the suburb for a similar sort of property is $400/week. Average water usage is $100/quarter, or $7.69/week. What's stopping a landlord of increasing the rent above the $400/week, to, say $420/week to cover water costs?

1. You explain to the tenant that they won't be hassled with water bills.
2. You have higher than market rent which covers water usage. It's not exorbitantly higher than market rent, so not trips to the tribunal. 
3. If the tenants are using more than $100/quarter of water, on average, increase their rent above market rent to compensate.
4. Most importantly, you don't have to spend any time hassling tenants to pay for their water bill.

Thoughts? I'm seriously considering the above for all my properties. I can't be bothered chasing tenants any more. 

The best solution is to have the water company put the water connection + usage bill in the tenants name, not the landlords. If they don't pay, they get cut off. I know this isn't possible today, but with enough landlords rallying the law might be changed. Water is not a right, it's a resource that you have to pay for.

The Renovators Properties are now on!

The following properties features on Channel Ten's hit TV show, The Renovators, are on the market, with all to be auctioned off late September.

Here are the listings:

Half Done House
Inner City Terrace
The Weatherboard House
The Sixties Suburban
The Shop
The Fibro Cottage

Love the pictures!

Sunday, 4 September 2011

Advantages and Disadvantages of Student Accommodation


* Affordable ($100k for an inner city apartment for students, for example)
* Higher rental


* Hard to resell
* Growth is tied into yield
* Only targets students
* Usually small (~20sqm)
* Hard to get finance due to the size

Saturday, 3 September 2011

Advantages and Disadvantages of Renovation


* Instant equity increase
* More money paid into land component to ensure capital growth
* Instant increase in rent
* More efficient use of funds
* 10-15% increase in value, quickly (eg a couple of months instead of a 2 year development)
* Growth depends on how well you buy
* Great tax benefits (a QS report can actually report that you spent more on the reno than you actually spent)


* Lot of work
* Takes time to find the property that will make the numbers work, and you may have to move suburbs to keep the reno strategy working
* Easy to Overcapitalise
* Increase of equity and rent sometimes not justified