The Selection Process has Started for the Most Responsible & Greediest Real Estate Business Decisions Australia ... 2024

by Yellow Hood

I was sent an article titled. Tale of corporate sin.

The mysterious case of the Aust. Tax Dept. vs Four (accounting firms) is reminiscent of an Poirot Agatha Christie Murder Investigation Mystery story however the unfortunates who died in the hallway and shot in the heart are the Australian Public.

Professor Fels said New Law was needed to force a "break-up" between the auditing and consulting departments of the major firms so information was not compromised. He said PwC had shown how easy this was when it sold off its government consulting arm to equity firm Allegro last month. The Big Four (accounting firms) have developed their extensive greedy networks into the government revenue dept. in every line of legislation. These malicious corporations created an environment where by the Australian tax paying public lost hundreds of millions of dollars. These stolen Funds that could pay for Paramedics and Ambulances Consulting firm KPMG overcharged Defence while raking in billions of dollars, whistleblowers say. Andrew Yates is KPMG Australia's Chief Executive Officer (CEO), a position he has held since 1 July 2021. In March 2024, following a rigorous process that included an independent external assessment and a review of performance on a range of metrics, Andrew Yates was reappointed CEO by the National Board for a second term of three years, to 30 June 2027. The CEO leads the firm's principal management body, the National Executive Committee (NEC).

Retirement on the West Coast.

My friends Harold and Ethel had retired to the North coast where they had many happy memories and became part of a eclectic community. They are a diligent couple who decided to take responsibility for their retirement by putting their savings into investing in a home property.

Need for Proper Government Legislation to protect the Real Estate Rental Market in Australia.

Researching these options and reading the clear legal language of these websites we approached one trusted corporate name Hooker where upon we entered into an exclusive Rental Management Agreement. Everything seemed to go well until we were notified that our rental property was to be vacated and we could inspect the property.

It was a complete disaster and the person we were originally dealing with was not available, we were informed that we were now to deal with the new property manager Mr Ethan Hood. His cavalier obtuse manner, attitudes and statements with regard to a property that my friends had cared for, about and spent many weeks and months preparing for the Rental market was now laid a wreck, carpets that and reeked of dog urine required removal and disposal. Sealing the floor boards relaying new carpet along with thousands of dollars of repair. I can still remember my friends face going white while recalling Ethan Hood as a person who was completely out of his depth.

Despite the opinions and evidence of professional cleaners, painters, decorators and other Real Estate agents such as Ray White, he {simply denied the issues and claimed this is how the property was when originally rented to the tenants despite the actual evidence to the contrary|claimed the property did not smell and that the house was ready for rental. Me E Hood had failed to carry out basic and proper Tenant evaluations, ingoing property reports, ongoing property reports and outgoing reports. He failed to hold the tenants to account for outstanding rent and damages, and by extension the franchisee and L.J Hookers. I got the sense that instead of helping to rectify the issues and entering into a proper conciliation process L.J Hookers engaged high end lawyers to intimidate, mislead and and protect the company reputation...

The Corporate Playbook.

The response by Corporate L.J Hooker to the many failures by their property manager E Hood was totally incomprehensible eliciting further underlying problems such as a lack of Corporate responsibility, morals and governance. Despite the clear Ruling by NCAT that showed without prejudice the damages suffered by Owners … this included but was not limited to;

1. Unpaid rent which required the owners to insist of holding the bond.

2. Damages to rental property which required holding the bond.

3. Release of Bond without proper investigation and evaluation.

4. Lack of ingoing report

5. Lack of ongoing report.

6. Lack of outgoing report.

7. Promise to Rectify damages etc. Broken.

8. Basic failure on all levels to uphold obligations of property management.

9. New Relationship with Ray White.