Accounting Insider - Property, Wealth, Business Tips & Tricks

Today's guest is Ben Siegmann. Ben is a lawyer who has built a business specialising in Wills and Estates. Kym's fascination with what happens to all your money when you die continues. Ben tells of some interesting cases he has had to deal with. About Kym, accountinginsider.net : Kym Nitschke is an accountant, financial adviser and entrepreneur who lives and breathes the advice he gives his client...

Relationships in business are like any other kind of relationship. They take time, investment is required, sometimes they flourish and other times they simply don't work out. Kym is reflecting on his own relationships in business. And some tough decisions need to be made. Which relationships show both personal and professional promise? And which relationships require a 'break up', of sorts? Kym ta...

By his own admission, Kym threw himself at video marketing expecting to quickly become the next YouTube sensation. He found a great video producer and quickly employed him, full-time. The content was great. But quickly, the costs stacked up. Production was expensive. The biggest cost though was Kym being dragged out of the office and away from clients, to produce videos. So, after a handful of vid...

After a chance meeting at a recent business brekky, Kym was intrigued by the business mind of Amber Chapman. She is a business expert in the hospitality sector, where she earned her stripes by setting up an iconic organic pop up stall at the Holland Street markets. Kym also talks to her about the role she plays in one of Adelaide's most successful coffee shops, Argo on the Parade. But it hasn't al...

Bill Brown is South Australia's largest beekeeper. This week Kym caught up with him and they sat down and discussed his unique property portfolio and his formula for success. In particular they drill down on how Bill is using Carbon Credits to pay for his farming properties. Hear from the Eco-minded, property investor and businessman, who has taken his love for the beekeeping profession and used i...

Dr. Matthew Hooper is an Associate Professor in Intensive Care and is a Retrieval Physician in Adelaide. His journey to become a leader in his field has seen him working in emergency departments all around the world helping patients in critical care. Kym sits down with Matthew to discuss how he deals with the imminent pressure that comes with being an intensivist at his level, and we analyse his c...

Family feuds over who is entitled to mum and dad's estate is becoming a more common problem. This weeks guest, Adelaide lawyer, Rosie Batt has seen this issue time and time again. In this podcast she shares her insights into how to avoid common mistakes and gives tips on how to draft a great Will. Rosie has worked in many areas of law over her career. She talks about the long hours in the big firm...

It’s an unused, commercial property site on a premium street, in a premium suburb a couple of kilometres outside of Adelaide’s CBD. It doesn’t get much better than that. Kym starts his process in the usual fashion, with research - remarkably, the current owner bought the property at a staggeringly cheap price a few years ago. He writes a letter to the owner, who calls Kym back and is keen to talk....

Somehow, Kym jagged a personal invite to an exclusive Mercedes drive day. It was an unbelievable day and night. Driving on the open road in cars worth around $500,000, the feeling was hard to describe. And it didn't end there. The event, hosted by a country Mercedes dealership, included an amazing food, drink, entertainment and networking experience. It wasn't just a lot of fun. It created a numbe...

It's no secret that the current lack of affordable housing in Australia leaves many prospective home-buyers simply out of the race. This week Kym sits down for an extended chat with accomplished Adelaide Radiologist and Director of Fluid Solar Thermal - Roger Davies, who has come up with a plan. Aside from being an expert in Radiology, and Director at Adelaide MRI, his entrepreneurial tendencies h...

Kym Nitsche was invited by a neurosurgeon to witness Deep Brain Stimulation surgery being performed on a patient. DBS is a procedure used to treat significant neurological including Parkinson’s Disease. This was the neurosurgeon’s 200th DBS surgery, and Kym wanted to understand not just the complex nature of the work but how a specialist team performs under such intense pressure. Listen to what he...

People don't like talking about death. So it's no wonder that most people do not have their affairs in order. But Kym says it's a massive problem. Not having a Will, Enduring Power of Attorney or other important documents means that the Court makes the big decisions for you; who gets all of your assets when you pass away, who makes important decisions on your behalf if you lose capacity, and other...

Kym now has five properties in his portfolio and the reality is, he doesn't need to keep investing. But he can't help himself. His formula is back in full swing - the handwritten letters to the owners of his desired properties, followed by the knock backs and negotiations. He's playing the long game - it requires patience and a commitment to the plan. But when it pays off, it pays off big time. An...

Steve Molloy recorded a video on his iPhone from the cockpit of his truck and posted it to Facebook. A year later, it’s approaching 3 million views (at the time of this interview). Steve is an unlikely internet sensation. By his own admission, the extent of his tech knowledge doesn’t go much further than recording a raw video and posting it to social media. Steve started recording video while on t...

Jayden Vecchio is kicking goals. He’s won National Broker of the Year in 2015 and 2016 as the director of Red & Co, a finance brokerage that has settled over $380 million in lending over the past three years across Brisbane, Gold Coast and Sunshine Coast. Jayden is also behind the Rentvesting podcast, a show which sits comfortably towards the top of Australia’s business and property podcast rankin...

Kym was recently referred a new client, an Australian based in the United States, who had been trying to get finance but kept hitting roadblocks. In fact, he couldn't even get past the bank call centre. Kym spoke to the frustrated expat. His numbers stacked up. In fact, his numbers were great and the banks should've been all over him. So why is it so hard for Australians based overseas to get fina...

Like a lot of leaders in professional services, Kym believes ‘growth by acquisition’ can be a solid business strategy. And as Kym prepares to buy another accounting practice, he talks about all of the key considerations in detail, from the financial to the relational. Kym knows that a bad deal can derail a business, as much as acquiring the right practice at the right price can fast track growth....

Kym works closely with a number of leaders in the medical industry and his longtime friend, John McMahon, is among the best in the business. John has built a thriving medical centre in the southern suburbs of Adelaide, South Australia, which is world class for services provided, design and business model. It’s one of two medical practices owned by John, who for the last 30 years has specialised in...

“This first drill hole, this beautiful black stuff came up, absolutely unbelieveable.” Kym Nitschke interviews Ernie Kirsten, co-founder of mining company Millennium. Ernie was running his own private practice as a chartered accountant when he started doing the books for a geologist. The duo began looking into coal explorations and, despite seeing a map that marked a North Queensland area as “no c...

Regular Accounting Insider listeners know that Kym Nitschke believes that the business lunch is still hugely important, so in this episode we're bringing you to the table. Kym and regular host Andrew Montesi awkwardly placed their recording gear amongst their plates and wine glasses at Osteria Oggi, one of Adelaide's top CBD restaurants, for a live lunch chat which also included Accounting Insider...

Kym strongly believes that you don't need to to hire a property manager to take care of your investment property and tenants. In fact, doing it yourself is the key to keeping long term, reliable tenants and saving money. But if you're going to go it alone, you'll need to know the best way to go about it. In this episode Kym reveals all, including the available tax incentives, vetting tenants, find...

Kym's fascination with "squatters" continues with the story of the Adelaide man who was allowed to stay in an abandoned property after a gambler paid his council rates. Kym says there's more to it than simply a bizarre and interesting story. The combination of property, accounting and legal complexities of squatter issues make for interesting case studies with lessons to be learned. It also highli...

A case of mistaken identity has led to the discovery of two homes in Perth, one worth a million dollars, that have been abandoned. One of Kym's colleagues, another accountant, has a client who was mistakenly billed for outstanding council rates on the million dollar property. He dug a little deeper, and it was discovered that the original owner is now living in Fiji and wants nothing to do with th...

Kym's hunt for a commercial property in one of South Australia's most sought-after suburbs continues. The journey started in episode 32, when Kym revealed plans to buy a commercial property in Kent Town, which is just one kilometre outside of Adelaide's CBD. It seems an impossible task, but Kym is applying every lesson he's learned about property. He continues to go to extraordinary lengths to fin...

There’s so much noise online that it’s hard to be heard. But Kym is finding a way to cut through. This podcast has been key, of course, but there’s been a social media surprise of late - Facebook buy and sell groups. After benefiting from a Boosted Board group (AI subscribers will remember Kym talking about Boosted Boards ..), Kym has set up a Porsche Buy and Sell group, learning that the thing ab...