Hello all
I was supposed to be working on our website tonight but I got slightly (completely) sidetracked by 'SUPERDADS' frustration with Richmastery advertising repairs and maintenance at $1000. Here's a story for you...
My name is Ammon Acarapi and I am a shareholder and director of a specialist Minor Dwelling company called FUZO with fellow shareholders David Whitburn and PHIL JONES.
The first Minor Dwelling company which I started, and was also the managing director of was a company called Hybrid Minor Dwellings, with again David Whitburn, and the third shareholder and director of this company was one KIERAN TRASS.
So I have had the privilege of experiencing, being a part of and contributing to both the operations and cultures of these great companies. I have also had the privilege of being in business with two of New Zealand’s- if not the two most well known investment property service providers - business owners Phil Jones and Kieran Trass.
And while I am certainly not an experienced PT'er (my last visit to this site was apparently on the 7th of May) I do understand that there is a perceived or an actual - call it what you may - difference in the property investment advice and business 'ideologies/ strategies' of these two companies.
Well from my personal experience there are differences - but the major differences are mainly in the operations/effectiveness of these two business, rather than differences in 'fundamental' investment advice i.e. the key fundamentals of property investing that lead to success have to be the same, it doesn't matter who's mouth it may come from. But the presentation of this information has a massive impact on its effectiveness to the listener.
I arrived in Auckland from Hamilton in 2001 as a novice property investor to take up the position of Property Consultant (I was Kieran’s 3rd ever property consultant i.e. it was pretty early in the piece), I was personally trained by Kieran to be an 'expert' property coach/advisor/consultant to help grow Kieran’s new Coaching Business by acquiring and coaching clients for a period of either 6 months or 12 months. At one stage I was personally coaching approximately 40 - 50 clients (hello to those of you who are reading this, please send me an email).
The coaching service which we offered involved an initial 3 hour one on one consultation with the client and myself - Kieran would quite often come and contribute for about half an hour or so. One of the key components of this consultation was to educate clients how to analyse individual investment properties, how to compare one with another i.e. so they where comparing apples with apples and understand how this property would effect their portfolio and borrowing position.
Part of the service offered was then to analyse properties that clients where considering to buy, by going over templates which we had taught them to fill out.
So here is the thing, there was obviously a figure for R&M that had to be used to be able to analyse/ compare these deals, and the other coaches and myself were taught by Kieran to teach our clients the following:
New Properties i.e.(up to 7 yrs old): $500 R&M per annum
Old Properties i.e.(over 7yrs old): $1,000 R&M per annum
Yes this was debated in the office, but this was the policy, these were the figures that we were to use to educate our clients with to go and make investment decisions off. And if you are on the Hybrid database and have received any of Hybrid's property deals over the past few years you should see this clearly for yourself.
Now I am not trying to point the finger, as I still do use these figures for my own personal investment analysis i.e. $1,000 for the house at the front and $500 for the Minor Dwelling and as a rule of thumb it is working well. Of course you will get red hearings i.e. water cylinder, kitchen, repaint but these costs average out over the long term, by which time incidentals would usually become upgrades to the properties.
But just to prove that Richmastery aren't the only 'bad' ones using this analysing technique - and Hybrid the 'OTHERSIDE' are also, wouldn't it prove good reading to read KIERAN'S reply to:
"How do I get my R&M done for $1,000 per annum?".
So what do you say KIERAN...
"How do I get my R&M done for $1,000 per annum?".
Now this could really improve the effectiveness and efficiency of 'superdads' own portfolio growth. Superdad could attract another high profile investor to vent his R&M frustrations with - he could be hitting two ‘big’ birds with the one stone!!!
I was supposed to be working on our website tonight but I got slightly (completely) sidetracked by 'SUPERDADS' frustration with Richmastery advertising repairs and maintenance at $1000. Here's a story for you...
My name is Ammon Acarapi and I am a shareholder and director of a specialist Minor Dwelling company called FUZO with fellow shareholders David Whitburn and PHIL JONES.
The first Minor Dwelling company which I started, and was also the managing director of was a company called Hybrid Minor Dwellings, with again David Whitburn, and the third shareholder and director of this company was one KIERAN TRASS.
So I have had the privilege of experiencing, being a part of and contributing to both the operations and cultures of these great companies. I have also had the privilege of being in business with two of New Zealand’s- if not the two most well known investment property service providers - business owners Phil Jones and Kieran Trass.
And while I am certainly not an experienced PT'er (my last visit to this site was apparently on the 7th of May) I do understand that there is a perceived or an actual - call it what you may - difference in the property investment advice and business 'ideologies/ strategies' of these two companies.
Well from my personal experience there are differences - but the major differences are mainly in the operations/effectiveness of these two business, rather than differences in 'fundamental' investment advice i.e. the key fundamentals of property investing that lead to success have to be the same, it doesn't matter who's mouth it may come from. But the presentation of this information has a massive impact on its effectiveness to the listener.
I arrived in Auckland from Hamilton in 2001 as a novice property investor to take up the position of Property Consultant (I was Kieran’s 3rd ever property consultant i.e. it was pretty early in the piece), I was personally trained by Kieran to be an 'expert' property coach/advisor/consultant to help grow Kieran’s new Coaching Business by acquiring and coaching clients for a period of either 6 months or 12 months. At one stage I was personally coaching approximately 40 - 50 clients (hello to those of you who are reading this, please send me an email).
The coaching service which we offered involved an initial 3 hour one on one consultation with the client and myself - Kieran would quite often come and contribute for about half an hour or so. One of the key components of this consultation was to educate clients how to analyse individual investment properties, how to compare one with another i.e. so they where comparing apples with apples and understand how this property would effect their portfolio and borrowing position.
Part of the service offered was then to analyse properties that clients where considering to buy, by going over templates which we had taught them to fill out.
So here is the thing, there was obviously a figure for R&M that had to be used to be able to analyse/ compare these deals, and the other coaches and myself were taught by Kieran to teach our clients the following:
New Properties i.e.(up to 7 yrs old): $500 R&M per annum
Old Properties i.e.(over 7yrs old): $1,000 R&M per annum
Yes this was debated in the office, but this was the policy, these were the figures that we were to use to educate our clients with to go and make investment decisions off. And if you are on the Hybrid database and have received any of Hybrid's property deals over the past few years you should see this clearly for yourself.
Now I am not trying to point the finger, as I still do use these figures for my own personal investment analysis i.e. $1,000 for the house at the front and $500 for the Minor Dwelling and as a rule of thumb it is working well. Of course you will get red hearings i.e. water cylinder, kitchen, repaint but these costs average out over the long term, by which time incidentals would usually become upgrades to the properties.
But just to prove that Richmastery aren't the only 'bad' ones using this analysing technique - and Hybrid the 'OTHERSIDE' are also, wouldn't it prove good reading to read KIERAN'S reply to:
"How do I get my R&M done for $1,000 per annum?".
So what do you say KIERAN...
"How do I get my R&M done for $1,000 per annum?".
Now this could really improve the effectiveness and efficiency of 'superdads' own portfolio growth. Superdad could attract another high profile investor to vent his R&M frustrations with - he could be hitting two ‘big’ birds with the one stone!!!
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