Like you we went through our real estate agent to ask vendor if we could do a few things like pull down a wall and rip out a bathroom, vendor said yes through agent. Agent said that most vendor solicitors would get vendor to say no for various reasons.

We have now settled and sent vendor a gift for allowing us early entry to get major…[Read more]

This time of year (I am in CAnberra) not too many pools going in I was wanting to know if any others on the forum have filled in a pool and the costs associated with doing so.

Also asked if permission is needed or engineers report required.

Thanks

Jenny1

It is not hard managing your own property and if anything your problems are minimal as you deal with problems straight away.
What I have learnt is that it is crutial to:-

– Screen tenants and ring referees (make sure they are not related!)
– Do a property condtion report taking notice and photo’s of every room tenant also can make…[Read more]

Depends on what your investment goals are, is this just a one of property that you and your brother will go halves in or is it a business of buying and holding?

If you are buying other properties together will you do the same or renovating and selling?

Need to be clear on your goals and also need to make sure you are both thinking similar…[Read more]

I would suggest you talk to the wonderful brokers on this forum who will be able to work out how much you are able to borrow, next you will need to talk to an accountant on the correct structure to suit the way that you will invest in the future. I have recently done this and it cost $1,200.00.

I then purchased property under this new…[Read more]

I use allhomes when advertising I had immediate respose to the add people were offering me more money than advertised to get the property due to the shortage at the moment.

Happy to also give contacts that I have for the reason stated previously. PM me if you like and I will pass on .

Good luck

Jenny1

I have properties in Canberra and I did have problems with the agent he just never passed anything on that needed maintenance.

Since getting rid of him I manage my properties myself and have had no problems everyone is alot happier.

In regards to tradies I have also never had any problems, I use the same ones over and over again and…[Read more]

Sorry if my question wasn’t more clearer, I am sure everyone is in the same boat just wanted to know of any clever ideas to attract a buyer.

Thak you

Jenny1

I certainly know about red tape can hear your frustration confused2]

Also with this diamond I was going to put up a metre fence inside the boundary with the trendy slats of wood any ideas? If no one knows might have to ring MBA office..just thought some of the other renovators had come across a similar prob.

Thanks

Jenny1

Jenny1

Jenny1

Will lift up the drive to the fence and relay something?..good thinking re roots headed towards the house..must check this out too[crying]

Jenny1

Was creative on the top coat on the benches and did a marble effect. People thought that…[Read more]

I now know the agent is inexperienced [glum] as he is all over the shop when talking to me first he said that the property was being looked at mainly by investors and encouraged me to take up a tenant on a 12 month lease after doing this he tells me in the same week that it is mostly people wanting to…[Read more]

What irks me is I told the agent no more expensive paper adds he is only to advertise on the internet he…[Read more]

Callander that was a good point no sale no charge. I have only got a few more weeks on the Exclusive listing with this agency so I will see how the exhibition goes this weekend…[Read more]

Where to from here as I have stated I have not as yet paid for the $1230.00 advertising fee on the other hand I have seen no advertising??

Thank you

Jenny1

– Do you collect your own rent from your tenants or use an agent?
– Are the tenants on individual leases or one lease with everyones
name on it. The deal being that they replace themselves when
they leave
– What do you do for common areas like who cleans up or…[Read more]

Is…[Read more]

Let us know your progress along the way[thumbsupanim].

Good luck

Jenny1

Governments are renowned for their red tape and the fact that pieces of paper just sit in someones intray for months before it makes it’s way to the top of the pile[confused2].

What are you doing with the land?

Good luck

Jenny1

Thanks

Jenny

Jenny1

I have a couple of IP’s there and had the places vacant for approx 4.5 months (even though changed PM) due to the amount of choice as there is.

I was up there last week and there are for sale signs everywhere not only that, but some places have had for sale signs since I was last there in April!

The place is going ahead but not as quick as…[Read more]

Good luck

Jenny1

Jenny1

I give my tenants Bunnings vouchers I have found that they usually spend it on plants to beautify my rental property which is a big plus!

My current tenants got bored sitting around and so far my property has had a garden bed extended, solar lights, and shade cloth over a verandah def is a win win situation.

Cheers[biggrin]

Jenny1

Have you talked to your accountant as they maybe able to suggest rather than getting your tax refund once per year the accountant can fill out a form and get your refund each pay that might help your financial situation.

Are there any depreciation schedules on any of your properties?

Or like Terry suggested see how you go after selling…[Read more]

Why are you wanting to pussy foot around to get their permission to increase the rent (to market value) in your house after you have been more then reasonable meeting their every whim!..They have you just were they want you. Where did they get the right to change the gate without asking you first?

I would write a letter to give…[Read more]

Good luck

Jenny1

Thank you for your reply, after much running around to 3 government bodies I found you need to go to the bond board and they give you the forms straight away. All that needs to be done is you sign and then get old agent to sign and fill in tenant details along with the bond no.

Easy peasy[wacko]

Jenny1

Jenny1

Good luck

Jenny1

You will love Canberra it’s a great place to live and the people are lovely [blush2]

Me personally would rent out your property in Sydney (this will build your equity over time) and rent in Canberra. Meanwhile get a depreciation schedule for Sydney IP(if not already done so). If you sold IP you would end up with diddly squat after…[Read more]

I am in Canberra and I have a friend that is a PM with a large agency and they can’t keep staff and it is no wonder as PM has 1,300 properties to look after herself! She is absolutely exhausted and has just resigned as she is burnt out. Agency doesn’t care they just rack em and stack em at your expense.

No one looking after that many…[Read more]

Reading your last reply you have already made up your mind and decided on unit living for the time being. This is fine as a trend in Sydney seems to be that people are moving/staying in a unit with their familes to be closer to work and the cafe scene etc.

Just a thought but why don’t you buy a cheaper unit to get your foot in the door…[Read more]

All my properties have got depreciation schedules it allows maximum tax deductions on your property.
I have used Scott from the Depreciator from this site to do my properties and I have been more than satisfied with the service/schedules that he has provided.

Good luck

Jenny1

I did a similar thing in QLD had a dedicated large room for the laundry and a small living area. We took the wall out and tiled the whole floor (after getting the carpet up that had been glued down[glum2]). We had the combo washing mach/dryer and put in shelving beside – enough for washing basket etc then a sliding door that hides…[Read more]

I have had great success at first taping the driveway into an easy pattern and then using paving paint to paint over 2 coats and then lift tape off it looks like stenciled concrete. Hard wearing also.

Jenny1

Jenny1