The thing that concerns me about these cheap properties is the quality of tenants you will attract and any hassles that may accompany that approach, compared to buying more expensive IPs and attracting more “quality tenants” I mean it should not be that way and Im not sure if it is but it does concern me a bit. As the saying goes you get what…[Read more]
Elysium-M Many thanks.
Well I am with a new agent now, so I am just waiting to see if the tenants pay the full rent plus the $93 in arrears on time, this month. If they play the game right, I will be happy to put it down as experience and review at years end. I would prefer to aviod the red tape if possible. I think I have been sold a lemon on…[Read more]
The previous agent recommended the tenants who were reportedly the agents friends. This agent arranged it all but appears to have left me with dud tenants. I am begining to think and also they lowered the rent from what I was asking initially to favour their friends. Basically feel I have been taken for a ride with these agents. Thats the long…[Read more]
I have been paid for the first month, but I am not optimistic about that either given the goings on.
To make matters worse, I have just found out from the first agent that the body corporate is trying to contact me, about noise complaints made about the tenants that moved in, who this second agent recommended with glowing praise about their…[Read more]
Thanks for all views. In regard to the Landlord being paid pittance view. With the utmost respect for your right to express a view, I don’t accept this at all.
There are certain obligations and expectations I believe exist between landlord, agent and tenant. This is outlined in the Residential Tenancy Act. This act has been formulated over many…[Read more]
I have both lease / management agreement and tenancy agreement. I will go over them tonight. The franchisee I presume is the one I am dealing with but it seems to make no difference, I still seem to be treated with disregard. I mean it seems unfair that I have to bust my gut, just to ensure they meet their minimum obligations, but I will do…[Read more]
I have bought $870K of property in less than 6 months, First one settled 22 May third one should settle 23 Oct. I had about $140K equity to start with. The first one jumped 60K in value in 5 months. The second one 20K. So now im getting the third.
I just need one more positive cash flow one worth under $200K to balance my 3 negative ones and I…[Read more]
This applies to high rise only !
It’s a 4.97% return. But I would probably stay clear of it. Also the return can be missleading and you would want to know exactly what formula they are using to calculate this and whether they have excluded other critical costs such as body corps and management fees etc…
The problem is when the 5 years is up…[Read more]
If your a serious investor Tassie is a waste of time, if you believe in the Bureau of stats projections of population growth. It’s population is aging faster than the rest of the country. Its dead money as far as I’m concerned.
The I think speculators have pushed up Tassie prices, but I recon Tassie will be the first to crash when things go…[Read more]
hwd007 replied to the topic Which of these costs are deductible over 5 years ? in the forum No Subject 16 years, 11 months ago
Its a Queensland purchase.
Dale thinks at least the following can be deducted over 5 years.
3. Registration Chanrges Account $ 315.00
4. Stamping Chanrges Account $ 932.40
8. Office Of State Revenue $ 955.85
The others, particularly item 6 we were uncertain about.
On another note, if I am charged panaly interest by the vendor…[Read more]
Personally I think there is a correlation, but the question is to what degree. Try to rent in a good area against a bad area and you will find the property values in the good area are more, as is the rent.
I admit this says nothing about growth, as it is only a snap shot in time. But, the correlation between good areas or high in demand areas…[Read more]
its anyones guess. depends on your situation.dammed if you do, dammed if you dont sort of thing.
All I can say is that over the last 10 years I’m told that varaible rates on average did better than fixed.
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