Reno Kings - Property Investing and Renovation Resources
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Renovation Know-How,Tips, Tricks, Traps-to-Avoid and Interviews, & examples you can follow to be successful at property. Always  a great read.

 
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News

It's cutting edge, its cool, its digital and it makes money!
I recently shared with you all some success I had on my first experience with Airbnb. You can catch up on this article here “Have you tried Airbnb?

After my experience, I mentioned Airbnb to a neighbour of mine. He said his friend was struggling to rent a 1 bedroom apartment in Paddington for $350 per week and had recently lowered the rent to $310 per week, with still no results.
 
15 Pieces of Property Trivia
Inspired by the 15 case studies we’ll be visiting on our October “On the Buses” mobile property workshop; here are 15 pieces of property trivia to get you thinking about your next purchase or perhaps revisiting an old property:
 
Have you tried Airbnb?
I have a 2 bedroom, 1 bathroom, fully furnished apartment, which 3 years ago rented for $460pw.

It had been sitting on the web with my gumtree ad for 3 weeks at $420pw and with the agent at $460pw and no calls. As an experiment, on a Monday I put it on www.airbnb.com.au
 
Do you know the 3R’s of Property?
Numerous properties the Reno Kings will be visiting as part of their ‘On the Buses’ tour in October, are the result of the 3R’s of Property Strategy.

Revisit, Review and Reveal. These strategies can turbo charge your property portfolio.

Let’s examine these strategies in detail because it is something every single property owner needs to be aware of.
 
Seeing is believing!

We are ditching the usual workshop format and taking you on the road!

Our 'On The Buses' Workshop is an engaging tour around Brisbane, of 15 in depth case studies plus 10 more bonus examples.
 
Breakfast is on us
Would you like to be part of an exclusive group of people, who will discuss all those topics that your mothers told you were taboo at the dinner table?
 
Cinderella by the Sea
When Mel first viewed this three storey, 145 square meter townhouse, she knew this was the one she had been looking for.  All this investment property required was a little TLC.
It had been rented privately to a family member and had basically been neglected.
 
Luck of the Irish
Wow! It’s been a very busy week…

Last week I received two phone calls from two separate pairs of women from Ireland.

Both enquiries were looking for a furnished 2 bedroom unit. I did not have one available but I did have a 4 bedroom unfurnished house at New Farm coming up the following week.
 
New Workshops - Last Chance to Book!
In just one day we will be inspiring an intimate group of property investors at our two brand new workshops - 'Contract Tips, Tricks and Traps' and 'Feasibility Mastery'.

If you are not one of those already booked to attend, this is your last chance to join us.
 
Re.B.A.T.E.S.
My daughter and son in law are embarking on purchasing their first investment property, not a bad effort considering they only purchased their PPOR last October!

This is not an ordinary purchase but one in a SMSF, an area I must confess I have very limited knowledge having no super of my own. I treat my investment properties as my super, much to the discontent of all financial advisers who want to help me.

Monetary wise, they all appear to be less well off than myself, so it just makes me think how can they help me, when they can’t help themselves?
 
Take a look from all angles
This $600k site was zoned for units and townhouses with the ability to demolish the existing house, and was correctly marketed as such, however, it is always important to look at potential sites from all angles.

The agent couldn't tell us much about the house other than the fact it was in averagecondition - why would one need to know about the house if it was to be demolished anyway?
 
Announcing Our Next Two Intimate Workshops in May 2016
The first two Reno Kings Intimate Workshops held in February, were such a great success and we received some awesome feedback. As a result, we have now launched the next two workshops in this series, coming up this May 2016 in Brisbane.

Each of these intimate workshops only have 27 spots available, however pre-bookings were available to our lucky attendees from the first workshop, which means there are not as many left.  

Be quick...so you don't miss out on spending the day with The Reno Kings!  
 
Rethink Your Rent Return
For anyone looking to buy an investment property to hold long term, we generally want to see a pretty good rent return. Over the years we’ve seen some cracking returns, or at least that is how it seems at first glance.
 
One plus One = 3
Yes I know that doesn’t add up, but in fact for these mum and dad developers, this is the case.

This upmarket duplex is nearing completion and I have followed the construction time-line very closely as they were built opposite my own PPOR (Principal Place of Residence)!

I have previously written about this little development but I thought “time for a relook” seeing as I’m shortly about to have new neighbours...assuming the duplexes sell of course.
 
Negotiating a Reduction in Price after a Sales Contract is signed!
When you place a property under contract subject to conditions, such as a ‘building and pest’ clause, most investors must be  aware that should those investigations identify any problems, that you can renegotiate the price of

your contract. However, many who find themselves in this position have no idea of the best way to go about it. The process itself is actually fairly straightforward and effectively involves two (and a half!) steps...
 
Staying on time, contingency plan and top tips
As much as possible, plan your renovation around the Weather Radar and Forecast. This way…you should have a fair idea of what to expect, weather wise, a few days in advance. BUT remember, just because it hasn’t rained for 6 months doesn’t mean it won’t torrent down during the week that you have everything organised for painting the outside of the house!
 
Your A-Team, Materials and Storage
A-Team

It’s never too early to start to organize yourrenovation A-Team.

Finding yourA-Teamis a critical step in ensuring the success of your renovation. Once you have a reliable and well-priced team, maintain a great relationship with them to ensure future success.
 
Why stalking on Facebook can pay dividends
On Saturday we hosted a lively bunch of keen property investors at our first Intimate Workshops for 2016, including a few who managed to make it all the way from Perth and some others from Melbourne – hats off to them! 

There were a few interesting stories, one of which we just had to share with you...
 
Last Chance to Book!
In just two days we will be inspiring an intimate group of property investors at our two brand new workshops - 'Negotiating and Buying Well' and 'No Plan No Profit'.

If you are not one of those already booked to attend, this is your last chance to join us!
Only 1 place left at our Negotiating and Buying Well Workshop.
Only 6 places left at our No Plan No Profit Workshop.


There are no plans to repeat these workshops in 2016, so get in quick!
 
Renovating, where do I start?
Congratulations! You’ve made the first step and purchased a property. Between now and the settlement, is where you will make your best decisions.
 

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