Execution
Demand Analysis
Utilising flatmates.com.au we are able to identify the number of tenants looking for shared accommodation and the number of properties available within a 10km radius. We would look for a ratio of 5 tenants advertising at $250 per week or more to 1 property with an ensuite.
Site Identification & Due Diligence
Potential sites identified on realestate.com.au
Acquisition
Offers made with local real estate agents, with the following terms:
- $1000 on signing
- 28 days finance (used for due diligence), building & pest
- Balance of 10% on finance approval
- 90 day settlement (longer preferred)
Planning
- Self-assessable with private certification/surveyor
- 1b Construction Approval
Construction
- Standard construction methodology
- Tranche of 10 within 15km radius
Tenant Acquisition & Property Management
- Clique Concierge – specialist
- Furniture procurement and installation
- General Tenancy Agreement x 9
- Council Registration
- House Rules
- Tenant matching
- Direct approach & selection opportunity for tenants
- 9 bonds
- Quarterly inspections (per tenant)
- Recovery of outgoings
- Appropriate insurance coverage