PropertyInvesting.com | Erika | Activity https://www.propertyinvesting.com/members/erika/activity/ Activity feed for Erika. Wed, 15 Apr 2026 17:39:06 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 17a99fdadad23bc05897b689c39be9b5 Erika replied to the topic Husband - thou is a spendthrift! in the forum Help Needed! https://www.propertyinvesting.com/topic/4385595-husband-thou-is-a-spendthrift/#post-4547888 Fri, 26 May 2006 00:33:12 +0000 Hi
Maybe at this point you should try tackling one thing at a time. Your husband obviously handles all the money maybe you could sit down with him and explain how you would like to take a more active role in the money management. I wouldnt be talking about investing yet just that you would like to help pay the bill etc. Talk about your role in the…[Read more]

]]> 10b0d48dc398ce72f16171857e858e6c Erika replied to the topic URGENT: Financing hotel apartment issues in the forum Help Needed! https://www.propertyinvesting.com/topic/4383288-urgent-financing-hotel-apartment-issues/#post-4535864 Wed, 14 Dec 2005 03:52:26 +0000 Hi All

The wording of a finance clause needs to be very specific. If you just say subject to finance the seller can find you finance. With the finance clause is there a date by which the finance must be sourced?In the case of your sister this sounds like it is an open ended clause which may be hard to get out of. The best way to use a finance…[Read more]

]]> 87c08857ca7ab1991ef6c6a5b26a59df Erika replied to the topic Damage in the contract period in the forum Help Needed! https://www.propertyinvesting.com/topic/4383507-damage-in-the-contract-period/#post-4537066 Mon, 12 Dec 2005 22:46:07 +0000 Jenwren
Once you signed the contract to buy the property not when you settle you become resposible to take out insurance on the property ( at least in Qld this is how it works)I am surprised your solicitor didnt mention this. From what I am reading you signed the contract then the house was broken into.Or was the house already a wreck and the…[Read more]

]]> be814cfe47076cfd8b7c1e6b37eb2780 Erika replied to the topic Damage in the contract period in the forum Help Needed! https://www.propertyinvesting.com/topic/4383507-damage-in-the-contract-period/#post-4537064 Sun, 11 Dec 2005 23:42:25 +0000 Hi jenwren
Did you take out insurance when you signed the contract, I dont know about other states but in QLD it is up to you to insure the property.

]]> 1f81c823e3eecb49c2621f48119d7caa Erika replied to the topic Should I build a duplex in Mount Isa in the forum Help Needed! https://www.propertyinvesting.com/topic/4383155-should-i-build-a-duplex-in-mount-isa/#post-4535103 Thu, 10 Nov 2005 12:23:01 +0000 I dont know anything about building in Mt Isa but I was just wondering if the tenants you have in the house know you plan to do this as I would be mighty peeved if I just rented the house and you then start building in the back yard.

]]> eb2a82a9a943a9562520e13d7084b7a0 Erika replied to the topic Rural properties in the forum Help Needed! https://www.propertyinvesting.com/topic/4382196-rural-properties/#post-4529360 Tue, 13 Sep 2005 22:01:41 +0000 Hi
What about also showing them your rental agreements which outlines the amount of rent the tenants are paying.

]]> 69c472323657fe2ac38ad366197221df Erika replied to the topic Any ideas? in the forum Help Needed! https://www.propertyinvesting.com/topic/4381967-any-ideas-5/#post-4528073 Wed, 31 Aug 2005 23:52:55 +0000 Hi
Is your loan on the property P&I or IO, this may make a huge difference to yor repayments.

]]> e0e03ecde11d290d495034633fcb5d46 Erika replied to the topic AAMI Landlord Insurance in the forum General Property https://www.propertyinvesting.com/topic/4381651-aami-landlord-insurance/#post-4526045 Mon, 15 Aug 2005 04:50:59 +0000 Is the $1000 excess on the landlord protection part as that sound a bit steep.

]]> ae450ec5836582cca660ac883eef9dff Erika replied to the topic newbie question in the forum General Property https://www.propertyinvesting.com/topic/4381634-newbie-question-2/#post-4525890 Fri, 12 Aug 2005 07:52:14 +0000 Hi
In Qld when you make an offer you sign a contract and write in the price you want it then goes back and forth until both parties sign against the same price so the contract can get very messy. When it comes to finance you can write in the specific bank or other lender that you want to deal with. The other way around this if you havent specified…[Read more]

]]> 2cca9ba0f41aa5abda9eb5ba30e0c0f9 Erika replied to the topic My first property mess in the forum No Subject https://www.propertyinvesting.com/topic/4381431-my-first-property-mess/#post-4524362 Wed, 03 Aug 2005 09:23:37 +0000 Hi
We have just bought another property and the owner wished to rent it back. We informed them that this would be ok but that they would need to sign a rental agreement and the agent will need to do a property inspection at the beginning. This now means they are on a normal rental lease they paid their bond and we have landlord insurance in place.…[Read more]

]]> 9109d262cef3b2622703737973a4d012 Erika replied to the topic PM and Tenancy Applications in the forum No Subject https://www.propertyinvesting.com/topic/4381334-pm-and-tenancy-applications/#post-4523844 Thu, 28 Jul 2005 06:15:39 +0000 Hi
What are you paying this PM to do. If you feel the need to check yourself why use a PM at all.
With my PM they ring with prespective tenants and we discuss the pros and cons and make a dicission on whether wwe will let it to them why had your PM not rung the old landlord?
Erika

]]> 5e19d8d1ab304e5c7d919cd391ceb2b3 Erika replied to the topic Flyers in letterboxes n grannies with oozies in the forum Help Needed! https://www.propertyinvesting.com/topic/4381023-flyers-in-letterboxes-n-grannies-with-oozies/#post-4521926 Sun, 03 Jul 2005 11:59:26 +0000 Hi Cabo Wabo
We have done the letterbox drop and have had good results. We tend to just write that we are looking for a property in the particular area and if anyone is interested to give us a call.We have tended to get replies from people who were thinking of selling and this just prompted them. We dont mention price until we have looked at a…[Read more]

]]> 4959bb7c0c1ab6fa9d046ace7039f57f Erika replied to the topic Wanted to increase rent, but agent said no! in the forum Help Needed! https://www.propertyinvesting.com/topic/4380065-wanted-to-increase-rent-but-agent-said-no/#post-4514642 Thu, 05 May 2005 09:17:47 +0000 Hi
How long have the tenants been in the unit next door. I own 2 townhouses they are practically identical except one has an extra carport.The one without a carport rents for more because the tenants have been in there along time before rents started to drop hense why they pay more, the other one has came up for rent a couple of times but the…[Read more]

]]> 2d2b7685910c901095f76df75a1175ae Erika replied to the topic wont revalue Piror to reno completion in the forum Help Needed! https://www.propertyinvesting.com/topic/4379784-wont-revalue-piror-to-reno-completion/#post-4512879 Tue, 19 Apr 2005 23:26:09 +0000 HI guys

We have had the bank ( which bank) accept a valuation above purchase price we just got the valuer involved to persuade the bank that hte property was worth more. As for seeing the valuation all you need to do is organise it yourself with one of the bank valuers have them put the banks name on it but send it to you not the bank, you can…[Read more]

]]> 92b9d565483cba8981bad5b450dcc0ef Erika replied to the topic Valuations on Reno/Refurb in the forum General Property https://www.propertyinvesting.com/topic/4378234-valuations-on-renorefurb/#post-4503736 Mon, 24 Jan 2005 02:34:55 +0000 Hi Woodsman
We always discuss with our valuers before beginning major renovations. We outline what we are planning on doing what quality finishes etc and ask them for an on-comp valuation. This tells us if we are going to make money out of this or not. The more you do the easier it gets as the valuers get to know the quality of your work.
Erika

]]> d305dc8a33c093165176cb201776c06c Erika replied to the topic Is Landlord Insurance worthwhile? in the forum General Property https://www.propertyinvesting.com/topic/4377053-is-landlord-insurance-worthwhile/#post-4495954 Mon, 22 Nov 2004 05:35:04 +0000 Hi All
Just a quick question Greg, Do you have any type of insurance like car, building etc or is it just landlord insurance you dont have. Do you have contents insurance for the properties.
The reason I am asking is that I see it as just another piece of the investment puzzle. I have comprehensive car insurance because I cant afford to be without…[Read more]

]]> 3c261642f82cd19fea893cc287813fa5 Erika replied to the topic Should I buy a unit or house????? in the forum No Subject https://www.propertyinvesting.com/topic/4376263-should-i-buy-a-unit-or-house-2/#post-4491660 Thu, 30 Sep 2004 22:54:56 +0000 Hi Rose
The answer of a house or unit cant be easily answered. If you can afford a hose or unit same location then the house would be better, but you probably find you could afford a unit in a better location to a house, now you have to decide if the units location will give it better capital growth compareed to a house in a worse location. We…[Read more]

]]> bf6decddf0eec5bc6a8f764d731c522f Erika replied to the topic Tenant Selection in the forum General Property https://www.propertyinvesting.com/topic/4376041-tenant-selection/#post-4489979 Fri, 17 Sep 2004 01:12:52 +0000 I think you should have thought about the types of tenants that you want before you buy the property. We own houses in the burbs and they are usually tenated to families and have pets, We also have town houses and in these we get a mixture of young people or families and they also sometimes have small pets, then there is our units which dont allow…[Read more]

]]> c57de8fd8a8d615bdebcf05e3ff746ee Erika replied to the topic First real hiccup in the forum Help Needed! https://www.propertyinvesting.com/topic/4376060-first-real-hiccup/#post-4490103 Thu, 16 Sep 2004 01:03:08 +0000 Let me guess you manage this property yourself.
It should already be written into the lease what they have to pay if they wish to break it signed by them when they took the property, not a verbal agreement when they want to leave.
Secondly where is your insurance for the occassions when tenants leave without paying their rent?
Maybe this…[Read more]

]]> c85dcccfa7486e7145140703bcf9a5ed Erika replied to the topic Peter Spann in the forum Heads Up! https://www.propertyinvesting.com/topic/4375206-peter-spann/page/2/#post-4484528 Wed, 18 Aug 2004 01:09:31 +0000 Hi Expat
Are you waiting for Peter S to tell you it is time to buy, only you know if it is time to buy property. I am a Peter Spann graduate and the main thing I have learnt is that you make you own deals, keep looking and you will find.
Erika

]]> 43b51afcd7a34665434f5dc9256d631a Erika replied to the topic Tenant Rewards?? in the forum No Subject https://www.propertyinvesting.com/topic/4374043-tenant-rewards/page/3/#post-4476086 Fri, 13 Aug 2004 07:49:55 +0000 Hi all
People talk about giving movie tickets as a reward to tenants that pay. You always talk about 2 tickets what if you have 3 tenants or 4 or more? Another thing 1 property may not sound alot $28/mth but if you have 5 thats an extra $140 / mth. How does this sit with the tax man aswell?
Just food for thought. I have asked this question before…[Read more]

]]> 944db41a317781545f8ad3129a90c9d7 Erika replied to the topic Calculation to assess if property is worth holding in the forum Help Needed! https://www.propertyinvesting.com/topic/4375420-calculation-to-assess-if-property-is-worth-holding/#post-4486034 Mon, 09 Aug 2004 23:34:35 +0000 I would atleast use the rent in the calculation, it seems a bit onesided to use the outgoings like management fees and not include the rent on the incoming.

]]> 90d31e97c9e8ee2cad20847d98066671 Erika replied to the topic There's better investments now than property in the forum Opinionated! https://www.propertyinvesting.com/topic/4375201-theres-better-investments-now-than-property/page/6/#post-4484436 Thu, 05 Aug 2004 21:59:21 +0000 Gee Mini that was quite an answer, but wasnt it a property crash that occurred before the 1929 stock market crash. The idea that owning part of a company is like owning nothing is an interesting thought, but I guess Rupert M, Bill Gates Etc feel they own something.I have no problems with people who say they prefer property and dont like shares but…[Read more]

]]> bd468adf0b14a8331d205a849d5f5e37 Erika replied to the topic There's better investments now than property in the forum No Subject https://www.propertyinvesting.com/topic/4375201-theres-better-investments-now-than-property/page/5/#post-4484415 Wed, 04 Aug 2004 09:50:57 +0000 Well said

]]> 5064d73574171bf3c4a6cba572981444 Erika replied to the topic There's better investments now than property in the forum No Subject https://www.propertyinvesting.com/topic/4375201-theres-better-investments-now-than-property/page/5/#post-4484413 Wed, 04 Aug 2004 09:36:18 +0000 Well done SIS
I know this is a property forum and so most people will only be interested in property, it just amazes me that people think that trading shares is like going to the racetrack. I have plenty of friends that think investing in property is sooooooooooooo ooooooo risky they just dont know how I do it.
Like SIS i have a plan I follow with…[Read more]

]]> 098463f14837e04e20fd6f8e5efe18a0 Erika replied to the topic There's better investments now than property in the forum Opinionated! https://www.propertyinvesting.com/topic/4375201-theres-better-investments-now-than-property/page/5/#post-4484408 Wed, 04 Aug 2004 08:56:45 +0000 Hi All
Would I put my money into shares or property, at the moment I have made more out of property but then I have had it alot longer and spent alot more time on it, shares on the other hand I can see replacing my hubbys income leaving more time to look for property. I find at the moment property is definitely more time intensive, but like SIS i…[Read more]

]]> 7ab9d54d8ec00444fb5d5eb0e829e594 Erika replied to the topic There's better investments now than property in the forum No Subject https://www.propertyinvesting.com/topic/4375201-theres-better-investments-now-than-property/page/5/#post-4484403 Wed, 04 Aug 2004 08:16:01 +0000 Hi Yack
Yes I do own Caltex and there has been many other good stocks. It has not given a signal to get out yet all I was trying to say was that not all stocks are bad just like not all houses are good. I have made my mistakes with them as well. I like both shares and property I feel they both have a place in my investment plan.

]]> d5d68e9195735b430d375f310c9ee934 Erika replied to the topic There's better investments now than property in the forum Opinionated! https://www.propertyinvesting.com/topic/4375201-theres-better-investments-now-than-property/page/4/#post-4484399 Wed, 04 Aug 2004 04:56:53 +0000 Hi Westan
I am not saying that shares dont drop 50% in one day but if you look at most charts they have normally gone into a down or sideways trend before they do. As I havent got the hih Chart have a look at leightons chart it droppped 25% in one day but it had given you a warning that things wernt right 8 weeks prior when it crossed below its…[Read more]

]]> bc34b32ac3164686c8cbc7d04e55d793 Erika replied to the topic creative suggestions to keep tenants "honest" in the forum No Subject https://www.propertyinvesting.com/topic/4375324-creative-suggestions-to-keep-tenants-honest/#post-4485407 Tue, 03 Aug 2004 23:48:41 +0000 What sort of tenants do you have that you need mug shots.

]]> 23fe232bb206ead36e79ccd41f4cb685 Erika replied to the topic There's better investments now than property in the forum No Subject https://www.propertyinvesting.com/topic/4375201-theres-better-investments-now-than-property/page/4/#post-4484393 Tue, 03 Aug 2004 21:30:08 +0000 Hi
Yes I am talking CFD,s.
I couldnt agree more with aceyducey, people are limited by themselves. Most of what we do in life involves some kind of risk what we should try to do is minimise that risk not avoid it.
Erika

]]> c2779a3f7ad98939320cc82b04dc5825 Erika replied to the topic There's better investments now than property in the forum No Subject https://www.propertyinvesting.com/topic/4375201-theres-better-investments-now-than-property/page/4/#post-4484390 Tue, 03 Aug 2004 04:37:22 +0000 Hi All
I have read this thread with interest. The only point I would like to make is that the examples given with shares like HIH etc give people the impression that shares go from their high to $0 in one day. This just isnt true if you look at their share charts they have been going downhill for a while sometimes for years. They normally give…[Read more]

]]> ece95906f39924365cc6af72f53187ed Erika replied to the topic Brisbane Bay land that sells for $30000! in the forum General Property https://www.propertyinvesting.com/topic/4375175-brisbane-bay-land-that-sells-for-30000/#post-4484160 Wed, 28 Jul 2004 03:37:56 +0000 Hi Dave
Thankyou for giving me a good laugh, I had nearly forgotten how gullible people are when it comes to Russell IS. Maybe you should look at why the land is so cheap , compare it to other islands and be aware of that rising tide.

]]> 8dcc8267237ddd1dd0092ebe70a3cc49 Erika replied to the topic Incentives to pay rent on time? in the forum Help Needed! https://www.propertyinvesting.com/topic/4374928-incentives-to-pay-rent-on-time/#post-4482214 Mon, 12 Jul 2004 22:41:17 +0000 HI
Do most people have trouble with late rent payments. We have owned properties for about 12 yrs and have only had a couple of problems with late payments and in the end there is normally a reason that can be sorted out. I have one question when it comes to rewarding for no complaints, does this mean when there is a problem that should be fixed…[Read more]

]]> f19164e39210cc61e0e0be3f22922a17 Erika replied to the topic Darwin Property Manager in the forum Help Needed! https://www.propertyinvesting.com/topic/4374711-darwin-property-manager/#post-4480896 Wed, 30 Jun 2004 02:58:05 +0000 Hi
We have used Jan Rodgers Real estate for about 12 yrs now. I have always found her to be very good and it is the only one of our properties we have never changed PM with.
Erika

]]> 5c74573682540c162af69bfa2d22d134 Erika replied to the topic property management fees in the forum Help Needed! https://www.propertyinvesting.com/topic/4373725-property-management-fees-2/#post-4473862 Wed, 19 May 2004 09:57:38 +0000 We pay 5% in brisbane, but in Darwin we pay 9%.
By the way Kay it is worth asking your chemist how much a presciption costs as it can vary quite alot from one place to another, I was put on to this by my doctor who told me to ring around.
Erika

]]> 4b6b84a13e1e2db12761f8e338746ba7 Erika replied to the topic Valuation in the forum General Property https://www.propertyinvesting.com/topic/4371422-valuation/#post-4455495 Mon, 23 Feb 2004 02:57:13 +0000 Hi Waf
No you are not entitled to see the valuation that a bank has done. You can contact the bank for a list of their valuers and you can pay for them to do one for you, have it addressed to the bank but ask them to send it to you first so that you can see it before the bank. The other thing you can do is ask them to do a verbal quote and if the…[Read more]

]]> e4ecda500e71653381c502995f76f953 Erika replied to the topic New investment property for sale site in the forum General Property https://www.propertyinvesting.com/topic/4371347-new-investment-property-for-sale-site/#post-4455023 Thu, 19 Feb 2004 02:39:50 +0000 Great whats its name and link

]]> 59170facd64fcd4962fc0ffaef275ffe Erika replied to the topic Best Options Available? in the forum Help Needed! https://www.propertyinvesting.com/topic/4371149-best-options-available/#post-4453751 Wed, 11 Feb 2004 21:52:34 +0000 Hi
If you sell the property for below fair market value you may find the tax dept calling. You usually need to be able to prove how much the property is worth.

]]> f5dc95ca3b8fd90eea3e206ee3d4bb32 Erika replied to the topic Organising a file in the forum Help Needed! https://www.propertyinvesting.com/topic/4371140-organising-a-file/#post-4453717 Tue, 10 Feb 2004 21:49:12 +0000 HI Celivia
I keep all rent received and expenses for each year separate, that way at tax time I am not looking thru years of receipts.
Erika

]]> d920254bc8dbd8ac7490f63332c13fa3 Erika replied to the topic Annual Cash Expenses in the forum General Property https://www.propertyinvesting.com/topic/4370831-annual-cash-expenses/#post-4451387 Tue, 10 Feb 2004 12:54:34 +0000 In brisbane rate include water so you find that they are this high.

]]> 05ddaa2ecdcd30d6d1960b49d2448613 Erika replied to the topic Best Options Available? in the forum Help Needed! https://www.propertyinvesting.com/topic/4371149-best-options-available/#post-4453748 Tue, 10 Feb 2004 12:51:42 +0000 Hi noviceM
I would talk to your accountant about this, If he sells it to her it will trigger CGT (if it has gone up)and she will ahve to pay stamp duty.They have obviously been affording it for the last 3 years without the benefit of negative gearing. Sorry I couldnt be of more assistance but she needs to look at why they have this property and…[Read more]

]]> d402a6f7fed647807b22ec235a62481c Erika replied to the topic Annual Cash Expenses in the forum General Property https://www.propertyinvesting.com/topic/4370831-annual-cash-expenses/#post-4451385 Tue, 10 Feb 2004 12:43:11 +0000 $40/week for expenses I think you are living in the land of SIS with $30 for 3 weeks food. Do the sums dont just guess.
One of our properties
Rent 265/week * 7.5%/52 = $19.9
Rates $1800/y /52=34.6
Oh am I over $40/week yet and I havent even added in insurance or land tax let alone maintenance.
Sure these are all tax deductable but you should…[Read more]

]]> 889baefb0a32dc341e75233f5cd0ea8e Erika replied to the topic What can you do with $50??? in the forum No Subject https://www.propertyinvesting.com/topic/4371107-what-can-you-do-with-50/#post-4453549 Sun, 08 Feb 2004 22:09:19 +0000 SIS how can you buy 3 weeks worth of food for $50 that is only $17/week. I would take my kids to the movies.
Erika

]]> 1a33b2b8c9a337904a802872683e9593 Erika replied to the topic Newcastle in the forum General Property https://www.propertyinvesting.com/topic/4371037-newcastle/#post-4453091 Thu, 05 Feb 2004 05:41:09 +0000 Hi guys
I have been looking at these areas, and my main question is do you buy only for CG or yeild. I have found the rent to buy ratio makes most of these properties very -ve geared.
Erika

]]> 6a598f87da68023b786cd0c0812cde31 Erika replied to the topic How do others avoid paying mortgage insurance? in the forum Finance https://www.propertyinvesting.com/topic/4370769-how-do-others-avoid-paying-mortgage-insurance/#post-4450759 Wed, 04 Feb 2004 05:23:53 +0000 Ho All
We bank with CBA and have pushed them to 85% without LMI, we went to the bank with our business plan talked alot and eventually got 85% so it can be done but they dont like it. Other thing is banks may be getting more stricter with money now than they used to be what with talk of the property market maybe peaking.

]]> 9a085cc076981f968d41834b0ed6f24b Erika replied to the topic diversifying?? in the forum No Subject https://www.propertyinvesting.com/topic/4370951-diversifying/#post-4452464 Wed, 04 Feb 2004 01:37:41 +0000 Personally I think that you should find the area of investment that you like and do that. Diversity for the sake of diversifying is not a good enough reason. You will ultimately keep at it if you enjoy doing it.
Look at all the types of investment reseach them try them out then decide what you like to do.
I also think financial planners are for…[Read more]

]]> dc3c09f4c9d41dc7e07d3a7b0791df5f Erika replied to the topic loss of friends in the forum Help Needed! https://www.propertyinvesting.com/topic/4370940-loss-of-friends/#post-4452360 Mon, 02 Feb 2004 01:07:20 +0000 Hi fitness
I think in life you do tend to gravitate toward like people. We have very close friends that we discuss many things with and then we have other people who dont even know we own property. My current job is as a share trader and PI but to most of the people at school I am a stay at home mum. I think most people arnt interested in finance…[Read more]

]]> e4615eccbc1bef8207bd4958f31edb04 Erika replied to the topic Q 4 sis in the forum General Property https://www.propertyinvesting.com/topic/4370809-q-4-sis/page/5/#post-4451130 Fri, 30 Jan 2004 05:05:43 +0000 I must admit that I find sis behaviour strange, if you dont want to share information why put any out there in the first place. You talk like you have so much knowledge but refuse to share any, why are you here? This forum was set up to exchange ideas and info but people are nosy by nature and when you put information about what you do out there…[Read more]

]]> 7effb77dc0fb43cabe8a18d851fe19b3 Erika replied to the topic Relocatable Homes in the forum General Property https://www.propertyinvesting.com/topic/4370183-relocatable-homes-2/#post-4445922 Thu, 29 Jan 2004 05:14:42 +0000 Petels
Try looking in the paper they are in my local paper all the time

]]> 9825c73d801a1572210844a64e417de1 Erika replied to the topic Q 4 sis in the forum General Property https://www.propertyinvesting.com/topic/4370809-q-4-sis/page/4/#post-4451099 Thu, 29 Jan 2004 04:17:46 +0000 I always thought that you had to ultimately prove the deduction not your accountant.Just because your accountant claims everything doesnt always make them good to me a good accountant will explain to you what and how you can claim not just blindly accept that you gave something as a gift.

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