The biggest mistakes property investors make

first_imgInvestors won’t be disappointed in this one-bedroom apartment at 2409/25 Anderson Street, Kangaroo Point, on sale through Place Estate AgencyResidential property is one of the most popular places for Australians to stick their investmentdollars. Yet despite it being so common, experts say that investors make the same simple mistakes time and again, which can end up costing them thousands.Terry Ryder of the property research company Hotspotting said there was really only one big mistake that investors made, and all other mistakes arose out of that one fundamental error.The mistake was that they weren’t willing to invest any time or money to ensure they were going about the process of property investment the right way.“Property investment is not a mug’s game, but it is a game that attracts a lot of people who behave like mugs,” he said.He said he was continually surprised by the number of investors who would spend $500,000 on a piece of real estate but they wouldn’t spend $5000 on obtaining good advice from quality professionals.“They won’t spend $500 on an independent valuation to ensure that they are buying at the right price or they won’t even spend $50 on a research report to ensure they are buying in a good location,” he said. Ray White Brisbane CBD Residential principal Dean Yesberg: “A lot of these owners rely too much on the investment seminar”“This unfortunately is how many investors think and it is the worst kind of false economy.”Mr Ryder said many of the fees charged by experts could be a tax deduction for property investors, so it was not wasted money.People who are successful in property investment have one thing in common, according to Mr Ryder, and that is that they treat it as a business not a hobby.“They understand, as with any business, that you have to spend money to make money,” he said.Between 60 per cent and 70 per cent of the transactions that Ray White Brisbane CBD Residential principal Dean Yesberg handles are with investors.He said another big mistake buyers’ made was attending investment seminars and buying properties off plan because they got caught up in the pitch, without doing any furtherchecks or due diligence.“A lot of these owners rely too much on the investment seminar that they have been to and they don’t jump on a plane or they don’t come up and have a look at the property or goMore from newsParks and wildlife the new lust-haves post coronavirus9 hours agoNoosa’s best beachfront penthouse is about to hit the market9 hours agoand talk to some of the local agents on the ground, who will tell them what the market islike,” he said.“It is the biggest mistake I see all the time.“For the sake of a $500 plane ticket to come up and have a look or get in your car and driveround and have a talk to somebody, I’d say that is massive mistake.”Mr Yesberg said many investors also failed to look after the asset properly once they bought it.“We all spend $1000 to get our car serviced but when it comes to property some investors don’t spend money on maintaining it, like they do their car,” he said.“It’s a much bigger asset and it is going to pay off in the end.”last_img read more

Journalism master’s program shortened

first_imgTo better serve its mission of preparing students to work in the best newsrooms around the world, the USC Annenberg School for Communication and Journalism is shortening its master’s degree program in journalism from two years to nine months.Learning styles · Sophomore public relations major Jessica Dillion prepares for class at the Annenberg School of Communication and Journalism. – Jasmine Rolle | Daily TrojanThe change comes in response to shifting demands from employers in the news industry.“One of the things that we do from time to time is we go out and look at what’s happening in the industry — where do our students go, what do they need, what do the news organizations say they want in a young journalist,” Michael Parks, interim director of the School of Journalism said. “We did that a couple of years ago, and we got back a set of things that said to us that we needed to change the program.”This information, along with the construction of the new Wallis Annenberg Hall and input from students that a one-year program would be better suited to their needs, led to the idea of a shorter, more intensive program. The new program will be centered on workshops and skill-based learning as opposed to the traditional classroom environment. Plans for the program are underway, and Parks expects them to be completed by the start of the spring semester.The program begins in the summer with a three-week long “boot camp” that covers basic skills in print, digital and broadcast journalism. The fall semester consists mainly of assignments in the media center, which include writing for Neon Tommy and other media outlets, to emphasize developing skills quickly. In the spring, the program shifts to more advanced applications of these skills.The new program will also include the study of the media industry and journalism as a practice. Some new classes to be offered are a course on the business of journalism and “Numbers in the News,” a course on the use of data in storytelling.Parks said that no new hires have been made so far, but there will be some changes in teaching assignments and possibly some new adjunct faculty brought on to facilitate the change.“We have great resources here in Los Angeles and a great deal of excitement about this program,” Parks said.One of the main focuses of the new program is to make students comfortable working across different media platforms in a converged newsroom.“Working in a converged newsroom forces you to think not, ‘How can I do this story for TV, or for radio or print?’ but, ‘How can we do the best job we can on this story?’ [and] ‘How can we tell it in the most compelling way?” Gabriel Kahn, professor of professional practice at Annenberg, said.The construction of the new Wallis Annenberg Hall is central to the success of the program. The new building will allow the different campus media outlets, from Neon Tommy to Annenberg Radio News, to work together in the “converged newsroom” that employers say they want students to be comfortable in.The idea of the converged newsroom has become crucial because of the changing dynamics in the news industry, which are mostly because of increased use of technology by journalists.“The industry itself is in a moment of tremendous transformation, which in the short term is great for the consumer but is brutal for the industry as they struggle for new ways to create value,” Kahn said. “If the industry is changing so quickly, then our programs should change even more quickly.”In particular, the ubiquity of consumer technology has led to a breakdown of the traditional structure of most news organizations.“Traditionally, if I’m sitting in my living room, I’m watching television journalism. If I’m in my car, I’m listening to radio journalism and in the morning when I sit down with a newspaper, that’s print journalism,” Kahn said. “That division is increasingly irrelevant, because if I’m using my iPad, I can consume all those forms of journalism on one device.”The goal of the program is to make sure that students maintain the values and ethics of journalism while still being literate in the new technological tools available.“The focus of the program is not teaching people how to use gadgets, but how to tell compelling stories using whatever gadgets might be relevant in the moment,” Kahn said. Follow Anshu Siripurapu on Twitter @AnshuSiripurapulast_img read more

5 must-see tweets after Bryce Harper’s walk-off grand slam

first_imgBryce Harper provided one of the coolest moments of the season Thursday with a walk-off grand slam to lift the Phillies to a 7-5 win over the Cubs.Words simply don’t do the moment justice, so here’s the perfect call from the Phillies broadcast: MLB wrap: Indians trounce Yankees, but Bryce Harper steals show in Philadelphia Bryce Harpers walk off grand slam is THAT much better with titanic music pic.twitter.com/grtq4jNoik— Joe Calise (@average_joe207) August 16, 2019However, this audio dub might be even better. New walk-up [email protected] saying “oh my god” after Harper’s walk-off grand slam made into a beat 😉 @AlexCarrMLB with the idea pic.twitter.com/O3XVgCarTr— Caleeb (@phillycaleb) August 16, 2019But let’s not forget about the fans in Citizens Bank Park who will never forget this night. This view from center field is a cool perspective:When you don’t want the party to start without you 🏃‍♂️💨❗️ @Phillies | @bryceharper3 | #BallparkCam pic.twitter.com/ThLIUTLXUP— MLB Network (@MLBNetwork) August 16, 2019 BRYCE. IN. HIS. VEINS. ❄️#RingTheBell pic.twitter.com/i9O3JCBwD3— Philadelphia Phillies (@Phillies) August 16, 2019How cool was that?The combination of that moonshot, in that spot, wearing those beautiful throwback uniforms, in front of that crowd created such an unbeatable setting for Harper’s display of boy-like excitement as he bolted around the bases to an utterly electric mob of teammates. Related Newscenter_img The moment wasn’t lost on Twitter, which had plenty to say about Harper’s unforgettable moment. Here’s a look at some of the best the web had to offer:The Cubs’ broadcast balanced the thrill of victory with the agony of defeat.Cubs broadcast calls Bryce Harper’s walk-off grand slam pic.twitter.com/cbQIOk4794— VHS (@VanHicklestein) August 16, 2019This oddly satisfying tweet makes it easy to get caught up in Harper’s sprint around the bases, but you almost feel bad for the little yellow dots — especially center fielder Albert Almirola Jr., who clearly sulked off the field in disbelief.Once Bryce Harper made contact, the Cubs right fielder knew this one was over. pic.twitter.com/uVbHwiBJZg— Cut4 (@Cut4) August 16, 2019And, of course, Harper’s “titanic” blast needed the Celine Dion treatment. Derek Jeter says Don Mattingly’s future with Marlins will be addressed ‘sooner rather than later’last_img read more

Why Kevin Stefanski will be great for Browns’ offense, from a better Baker Mayfield to a happier Odell Beckham Jr.

first_imgWith all the attention going to the roller-coaster ride involving Mayfield’s high-profile wide receivers and the disappointment at tight end tied to the wrist injury to David Njoku, when Chubb and Hunt were fed, the Browns were positioned to win games. Zimmer promoted Stefanski because he wanted more commitment to the run to take pressure off Cousins and provide his defense with true complementary football.Stefanski excelled in sticking with the run but also maintaining the aggressiveness in the passing game when needed.Kevin Stefanski will know what to do with the Browns’ tight ends.The Vikings did not have wide receiver Adam Thielen for six games in 2019. The natural pivot, with no consistent third option at wideout behind Thielen and Stefon Diggs, was to incorporate the tight ends — more veteran Kyle Rudolph and a little of rookie Irv Smith Jr. — into the passing game. Rudolph, still a tough, athletic receiver to defend at age 30, became massive in the red zone through the game-winning overtime TD against the Saints in the wild-card round.Ktichens wanted more from the Browns’ tight ends, namely Njoku, but the reality is the Arians passing system struggles to incorporate the position — see Arians getting limited returns from O.J. Howard in Tampa Bay. Between Rudolph and Smith, the Vikings got 75 catches for 678 yards and 8 TDs.Njoku and Demterius Harris, Travis Kelce’s former backup with the Chiefs, will be more staples than afterthoughts with Stefanski designing plays that utilize their athleticism. In turn, that will allow to Mayfield spread the ball around with more natural efficiency.Kevin Stefanski has experience managing marquee wide receivers like Odell Beckham Jr. and Jarvis Landry.Diggs and Thielen expressed their share of frustrations while working in the offense with Stefanski and Cousins. Diggs did it with sideline antics, and Thielen wasn’t afraid to call out Cousins publicly.Now Stefanski inherits two well-established and accomplished veterans as his new 1-2 punch at the position, with Landry being the sure-handed route runner all over the field, a la Thielen, and Beckham playing the role of the sometimes-mercurial speedy deep threat, a la Diggs.Landry and Beckham both grinded through tough injuries to be as productive as possible in 2019, but it was understandable for them to be upset when they disappeared from the game plan. Kitchens never knew how to balance the unique skill sets of both players.MORE: Is OBJ preventing possible trade from Browns? Mayfield, in two seasons with Kitchens calling the plays, rated 85.9 at 7.2 yards per attempt. He has thrown 35 interceptions in 29 starts. He was sacked 40 times this past season. He needs better tutelage to balance the short-to-intermediate with more calculated and effective shots deep downfield.You can bet the team’s new GM, working in lockstep with Stefanski, will make upgrading the line with better athletic blockers a priority. And as good as the Browns’ running game was at times last season, it’s now set up to complement Mayfield better in 2020.Kevin Stefanski will make the Browns’ offense more about Nick Chubb and Kareem Hunt.Cousins threw for only 3,603 yards in 2019, because between Cook, rookie Alexander Mattison and Mike Boone, the Vikings’ running backs accounted for 2,488 yards from scrimmage and 17 TDs. Cook averaged 22 touches per game and caught 53 of his 63 targets, responding well to the zone blocking concepts of assistant head coach/offensive adviser Gary Kubiak.The Browns did well to feed Chubb, getting him on average 22 touches per game, which he turned into 1,772 yards from scrimmage. Over his eight games, Kareem Hunt caught 37 of 44 targets (5.5 per game) to supplement Chubb as a receiver. The Browns are going offensive-minded again with the reported hiring of Kevin Stefanski as the 18th coach in franchise history. Stefanski, 37, replaces fired Freddie Kitchens, who went 6-10 in his lone season as Cleveland’s coach after being promoted from offensive coordinator.Stefanski is eight years younger than Kitchens, but there are other key differences. He is a Philadelphia-bred, Ivy League product (Penn) who steadily climbed the ladder with the Vikings for three head coaches over 15 years, finishing as the offensive coordinator under Mike Zimmer. He comes from the West Coast offense school, while Kitchens, a former Alabama QB, was groomed in Bruce Arians’ downfield passing offense. Stefanski got Diggs to respond with more big plays despite fewer targets. After catching 102 passes for 1,021 yards and 9 TDs on 149 targets last season, Diggs in 2019 “dropped” to 63 catches for 1,130 yards on 94 targets in 15 games. He had a career-high 17.9 yards per reception from his deep connection with Cousins.When Thielen wasn’t hamstrung, he was on par with his previous consistency, scoring 6 TDs for essentially 8 healthy games. He was the key red-zone and third-down target again. Stefanski pushed the right buttons in playing to his receivers’ strengths, even when adjusting their volume to fit a more balanced attack as the Vikings went from passing 64.4 percent of the time to 51.7 percent. (Getty Images) https://images.daznservices.com/di/library/sporting_news/c7/5d/baker-mayfield-092519-getty-ftrjpg_1h9daz5jchkxp1jn1wobch97bj.jpg?t=1767397133&w=500&quality=80 (Getty Images) https://images.daznservices.com/di/library/sporting_news/bc/4c/beckham-landry-122219-getty-ftrjpg_1be130d28mof019z4tmufanb14.jpg?t=783050735&w=500&quality=80 (SN/Getty) https://images.daznservices.com/di/library/sporting_news/f3/5e/chubb-hunt-111119-getty-ftr_14xav1qu8q5jw1mnqlojopkq20.jpg?t=1542733326&w=500&quality=80 2020 NFL MOCK DRAFT:Browns find a new rock for Stefanski’s offenseGiven Minnesota scored only 10 points and struggled to move the ball in Saturday’s divisional playoff loss to the 49ers, Stefanski’s final game with the team, the immediate reaction might lead one to believe Cleveland is headed for more disappointment and dysfunction.But the Vikings would not have rebounded from a shaky, inefficient 2018 offensive season and made the playoffs without Stefanski, who replaced John DeFilippo late last year. Given what he gave the Vikings and what the Browns need, here is why Stefanski can help Cleveland live up to expectations after the frustration of 2019.Kevin Stefanski will make Baker Mayfield more efficient.In his first season with the Vikings in 2018, mostly with DeFilippo, quarterback Kirk Cousins rated a solid 99.7. But for a great deep-ball thrower, given the Vikings’ offensive line and running game limitations (without a healthy Dalvin Cook) that season, Cousins had his lowest yards per attempt 7.1 since becoming a starter.Turn to 2019, when Cousins had a full season with Stefanski in the latter’s elevated role. The Vikings did more to upgrade their pass protection and run blocking, and Cook returned to dominate as a feature back. Cousins enjoyed the best season of his career, throwing a career-low 6 INTs, rating an easy career-high 107.4 while raising his yards per attempt to 8.1. The Browns already were headed in this direction, passing 59.6 of the time in 2019. Stefanski will make sure Beckham and Landry can play off each other with maximum results.The Browns were dangerous on paper this past season, but Kitchens was overwhelmed in trying to make the best use of the weapons. The pass protection was at times bad for Mayfield, but he also was tentative with his decision-making, trying to force the issue with no identity or flow to the offense.Stefanski got the job because the Browns have confidence in him to get the best out of their players. From a schematic standpoint, it’s clear he is capable of doing that.last_img read more