157 | 7 Reasons Why Investors Should Think Like Ants

Folks … we’ve gone a bit creative on today’s episode!!

We want you to think, act and do like …. ants!

Yep. We really do mean those teeny tiny insects…. who would have thought ants would come up in a property investing podcast? But before you ask yourself, “Have we left our marbles somewhere?”, we solemnly swear we’ve got a reason!

Well, 7 actually.

And we reckon you can take something away from today’s crafty, critter-fueled episode … especially if you’re in need of a bit of a pick-me-up in the mindset department!

So, before we give you the low down on today’s episode, let’s get to the real talk: The proposed changes to the Residential Tenancies Act.

Yep, it’s causing a bit of a stir after a few disgruntled tenants have had their say ….but it’s now time to have ours. Because these reforms WILL have negative impacts on landlords. Some of the proposed changes include:

• Allowing tenants to make non-structural modifications to rental properties, which may include repainting an entire property, installing hooks for picture frames, concreting the backyard or reconfiguring built-in robes
• Removal of the landlord’s rights to consent to, or refuse, pets
• Changes to notice periods around ending a lease, removing the ability for a landlord to serve a 120 Day Notice to Vacate for ‘No Specified Reason’, and removing the option to serve a 60 or 90 Day Notice to Vacate for ‘End of Fixed-term tenancy’ after the initial first term
• Capping bonds at one month’s rent where the rent is less than $760 per week. This reform will also apply to rent that is paid in advance.

We get that a hook in the wall is one thing... but concreting a backyard, or painting the walls in lime green, is an entirely different thing. These are our assets, and shouldn’t we have a voice to protect them?

So, The Real Estate Institute of Victoria (REIV) released an online petition calling on the Andrews Government to change these proposed reforms to Victoria’s rental laws. We want fairness for both sides.

So, if you feel passionate about this and want to make sure your landlord rights remain, you can

LISTEN TO THE FIRST 20 EPISODES HERE >>

MOORR MONEY MANAGEMENT APP:
👉 Apple: https://apple.co/3ioICGW
👉 Google Play: https://bit.ly/3OT86bW
👉 Web platform: https://www.moorr.com.au/

FREE MASTERCLASS:
- How to Build a Property Portfolio and Retire on $2,000 a week >>

FREE BEST-SELLING BOOKS:
- The Armchair Guide to Property Investing
- Make Money Simple Again

FIND US HERE:
- Website
- Instagram
- Facebook
- Youtube