PropertyInvesting.com | KateMelb | Activity https://www.propertyinvesting.com/members/katemelb/activity/ Activity feed for KateMelb. Thu, 16 Apr 2026 12:55:29 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 776c597eef05eb0122135d153444eaa0 KateMelb replied to the topic Caveat on Title in the forum Help Needed! https://www.propertyinvesting.com/topic/4400883-caveat-on-title/#post-4629917 Tue, 17 Aug 2010 04:16:28 +0000 NewDay, as your property will be an IP, the cost of lodging a caveat will be an expense that can claimed against your tax liability. Speak to your accountant to find out more.Good luck with the settlement – remember to switch on all the appliances and check every nook and cranny including garages, gardens and storage spaces before you settle!

]]> 3fcfa6ff4142b4f17b85611b7784bcfd KateMelb replied to the topic Depreciation - Conflicting Advice - who to call/recommend in the forum Help Needed! https://www.propertyinvesting.com/topic/4400431-depreciation-conflicting-advice-who-to-callrecommend/page/2/#post-4627408 Wed, 07 Jul 2010 04:50:19 +0000 Investabit wrote:
If you don't have  referal from someone you trust, then ask for references not from clients but from accountants who see  wide range of depreciation schedules from a wide range of QS's

Ooo not necessarily, as some QSs pay accountants a commission for each referral…

]]> 0a1d46b849629c04c598b0ebd218e672 KateMelb replied to the topic Do you increase bond? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400427-do-you-increase-bond/#post-4627357 Sat, 03 Jul 2010 12:38:00 +0000 number 8 wrote:
I have a lot of respect for all my tenants and in reverse they look after my property. Allow them some space to love your house (provide them with gifts i.e. A/C for your house), don't give them a reason to leave, but encourage them to stay. If your house value is $400k, they are effectively making you $40k pa. Why would you not…[Read more]

]]> 58f18391e0cf321fc2cf27ee9c375747 KateMelb replied to the topic Depreciation - Conflicting Advice - who to call/recommend in the forum Help Needed! https://www.propertyinvesting.com/topic/4400431-depreciation-conflicting-advice-who-to-callrecommend/page/2/#post-4627400 Fri, 02 Jul 2010 11:29:17 +0000 Definitely, longdd. I have a 1971 built flat that I renovated about 10 years ago. Brings me $4K every year in depreciation that I only discovered after getting a QS report done after the renovation. That report’s well and truly paid for itself!

]]> 34df87cf9bf0e4b3bad49f2dcd7dd836 KateMelb replied to the topic Final inspection demands WA in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400437-final-inspection-demands-wa/#post-4627432 Fri, 02 Jul 2010 05:40:33 +0000 Whenever we’ve sold, we’ve included a special condition in our contract that states the property will be delivered in the condition it is in at the date of the sale and that the purchaser has inspected the property before signing the contract. So if anything breaks after the contract is signed, the onus is on the purchaser to fix it. This has…[Read more]

]]> 91f911373db3e6d0926f1bbdc616cacf KateMelb replied to the topic Depreciation - Conflicting Advice - who to call/recommend in the forum Help Needed! https://www.propertyinvesting.com/topic/4400431-depreciation-conflicting-advice-who-to-callrecommend/page/2/#post-4627397 Fri, 02 Jul 2010 05:23:48 +0000 jacqui_03 wrote:
If I am building an IP am I better to get a QS to do a full inspection or would it be better if I used an online service as I would have all the costs from the building contract?

DEFINITELY ensure a reputable QS inspects the property – this is an important way of protecting yourself if the ATO challenges any valuations of…[Read more]

]]> 01aa5aabab379c119472be2fdac93d0f KateMelb replied to the topic Do you increase bond? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400427-do-you-increase-bond/#post-4627354 Fri, 02 Jul 2010 05:09:45 +0000 slipper wrote:
In our IP we have good tenants that are keen to stay on for long term.  There have already been a couple of rental increases  ( albeit only small ones) so the bond now doesn't cover the four weeks rent.  I am interested in whether people ask their tenants for increases to the bond when rents go up ?

If the tenant is in con…[Read more]

]]> a1ab190700893262400a11f204b5752d KateMelb replied to the topic Just starting out in Property Investing in the forum Help Needed! https://www.propertyinvesting.com/topic/4400229-just-starting-out-in-property-investing/#post-4626008 Wed, 30 Jun 2010 04:43:23 +0000 brisbaneJosh wrote:
Hello everyone!My wife and I are new to Property Investing and wondered whether we could get some ideas on how best to proceed!…My wife and I are both 29yo and have combined earnings of $180k pre tax pa

With that level of tax, obtaining tax variations would greatly assist you guys obtain more cash flow. Here's some more i…[Read more]

]]> 11e2f3cae67b7ab03a1a21fbd51a4fa4 KateMelb replied to the topic Building Allowance 2.5% on apartment in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400036-building-allowance-2-5-on-apartment/#post-4624936 Tue, 29 Jun 2010 06:02:47 +0000 Neil is spot on. A depreciation schedule will include any building allowance claimable on the property (depending on its age). Here's some more info on depreciation reports: http://blog.rentwise.com.au/index.php/2010/05/18/depreciation-reports-please-explain

]]> 40588b2820b397d7d00e7a8ad6d12a28 KateMelb replied to the topic Tax Help in the forum Help Needed! https://www.propertyinvesting.com/topic/4400273-tax-help-4/#post-4626181 Tue, 29 Jun 2010 05:52:15 +0000 duckster wrote:
Depreciation is not easy to work out as you need to work out effective life of items and if you are not quite up for the challenge you could employ a quantity surveyor who will issue you with a depreciation schedule that makes depreciation a lot easier to work out for the tax return form.

Couldn't agree more – here's some more…[Read more]

]]> 001ed99b33ae7cb6eb88376a7ce1561c KateMelb replied to the topic Spa or Bath in the forum Value Adding https://www.propertyinvesting.com/topic/4400116-spa-or-bath/#post-4625405 Tue, 29 Jun 2010 00:50:56 +0000 Spas largely appeal to empty nesters or retirees who don't mind spending the money on water and maintenance and who aren't in a hurry! Baths are far more practical for families, both for rental and resale value.

]]> 18738ba068e5a06ad87bfeeafc414da2 KateMelb replied to the topic Property specialised accountant in the Bayside area? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400389-property-specialised-accountant-in-the-bayside-area/#post-4627114 Mon, 28 Jun 2010 23:56:30 +0000 Hi Sasha,You might find this check list handy for questions you may wish to ask potential accountants: http://blog.rentwise.com.au/index.php/2010/06/20/what-to-look-for-in-an-accountant

]]> 43a9a91f1150b257574de7a713f315d7 KateMelb replied to the topic Privately renting out my house - how much tax do I pay? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400376-privately-renting-out-my-house-how-much-tax-do-i-pay/#post-4627043 Mon, 28 Jun 2010 23:48:54 +0000 JacM wrote:
HiTax is done in a couple of different ways.  Go to the http://www.ato.gov.au and read up on capital works to understand how you claim on renovations and so on.The easy answer to your question is:Get your rental return (which is 260per week) and multiply by the number of weeks you received rent in the financial year (we'll say 28).  That gi…[Read more]

]]> 8d215831449420c84e1077aa1655ec16 KateMelb replied to the topic Is this a Wise buy/Investment in the forum Help Needed! https://www.propertyinvesting.com/topic/4400396-is-this-a-wise-buyinvestment/#post-4627184 Mon, 28 Jun 2010 23:40:30 +0000 Not a fan of off the plans sorry. In my experience, you lose the first 2-3 years of capital growth due to the inflated purchase price, the estimate on rental income is always excessive and it's likely the place will be vacant for some time when it's ready given all the apartments will be released for rent at the same time. Competition may well…[Read more]

]]> dcfaead3ecd8e46c95f0d1fe71db5f9f KateMelb replied to the topic Depreciating furniture and equipment in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400185-depreciating-furniture-and-equipment/#post-4625726 Fri, 25 Jun 2010 07:07:39 +0000 binscab wrote:
Can I just depreciate it using that original figure or would I still need a quantity surveyor?

Definitely go with a reputable quantity surveyor who inspects your property – you'll be amazed by what you can depreciate, by how much and for how long! Here is some handy info on depreciation reports: http://blog.rentwise.com.au/index.p…[Read more]

]]> ad3feb9a9957d1c5e25487c6cddfc840 KateMelb replied to the topic Sorry, but you've got to go in the forum Help Needed! https://www.propertyinvesting.com/topic/4400345-sorry-but-youve-got-to-go/#post-4626891 Fri, 25 Jun 2010 06:51:50 +0000 Rowester wrote:
Hi,I have a (dept of housing) tenant, who has been a perfect tenant…..looks after the place, personal rent cheques always on time. However, I need to renovate the propoerty and on-sell.The rental contract expired in April 2010. Whilst I have given her an indication that I will need to renovate, I haven't given her a time…[Read more]

]]> ebeb02c23ef38d154ec86573ba3b3c69 KateMelb replied to the topic Rent for the date of settlement in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400204-rent-for-the-date-of-settlement/#post-4625856 Wed, 23 Jun 2010 06:50:18 +0000 You should receive rent from the day of settlement, although this could initially be included by way of an adjustment.

]]> 07785b93f0d680eebe3ea84988719ca9 KateMelb replied to the topic Depreciation Schedule in the forum General Property https://www.propertyinvesting.com/topic/4398456-depreciation-schedule-15/#post-4615250 Wed, 23 Jun 2010 06:24:25 +0000 Blissy wrote:
Hi,Can anybody recommend any good quantity surveyors to do a depreciation schedule on my IP in the Sydney area? and what's the average price to have the schedule done?Thanks.

Blissy, whoever you go with, make sure they conduct a thorough inspection of your IP. This will greatly assist you should the ATO ever challenge any…[Read more]

]]> 08cad9e5b627eddc2150e69dada3b605 KateMelb replied to the topic Road to nowhere? in the forum Value Adding https://www.propertyinvesting.com/topic/4400202-road-to-nowhere/#post-4625844 Wed, 23 Jun 2010 05:09:23 +0000 Why don't you make an appointment with the Council planner who is looking after your file? Talk through all the issues and make a list of the information they still need. That way you can know exactly what is happening. Yes, it's a hassle but it could save you months of delay.

]]> 5838955fc51d6cc673a79ad57f8834ab KateMelb replied to the topic issue with tenant re final inspection of a rental property in the forum Help Needed! https://www.propertyinvesting.com/topic/4400275-issue-with-tenant-re-final-inspection-of-a-rental-property/#post-4626195 Wed, 23 Jun 2010 04:55:56 +0000 twinz wrote:
My accountant told me not to worry about get a depreciation report done and he will calculate the depreciation rates as the house is very old (80 years old) despite that internal kitchen/ bathroom have been upgraded.

Ahh the rates are easy (they're on the ATO's website), but it's the value of each item that's important, because…[Read more]

]]> ce977d3d345f9263767ad59665c6b381 KateMelb replied to the topic Removal of strata management in the forum General Property https://www.propertyinvesting.com/topic/4399602-removal-of-strata-management/#post-4622702 Tue, 22 Jun 2010 06:21:41 +0000 If there is one owner of all the units on a strata title, they are usually exempt from complying with many requirements of that State's strata laws e.g. annual general meetings, building insurance taken out by the body corporate/owners corporation.The Rentwise blog has some handy information on BC/OCs: http://blog.rentwise.com.au/index.php/2010/04/…[Read more]

]]> 460e9596da6e38786aa812befb69e1d3 KateMelb replied to the topic 6 month or 12 Month lease in the forum Help Needed! https://www.propertyinvesting.com/topic/4400317-6-month-or-12-month-lease/#post-4626438 Tue, 22 Jun 2010 05:42:23 +0000 Why not offer them 12 months on the basis that you will increase the rent after 6 months if they only take a 6 month lease but stay on afterwards without a lease?

]]> 30a845d0719ba42205e91c7d49e18031 KateMelb replied to the topic Renewal Term of Lease in the forum Help Needed! https://www.propertyinvesting.com/topic/4400199-renewal-term-of-lease/#post-4625812 Mon, 21 Jun 2010 13:18:32 +0000 Chrisfromhastings wrote:
Tenant in Victoria wants to renew lease. Expiring lease was 12 months, tenant wants to renew for 6 months.  I am not happy about new lease expiring just before Christmas.  I suggested to PM that the lease be 7 or 8 monthsif not 12.  PM informs me I have no say in how long a renewed lease can be.  It is whatever the ten…[Read more]

]]> ef5294e8527a8dabb14078d0ed696a38 KateMelb replied to the topic issue with tenant re final inspection of a rental property in the forum Help Needed! https://www.propertyinvesting.com/topic/4400275-issue-with-tenant-re-final-inspection-of-a-rental-property/#post-4626190 Mon, 21 Jun 2010 12:31:43 +0000 Do you claim depreciation on your IP? Floor boards are a great depreciable item and repairs are fully tax deductible.

]]> 2a32d19f9244557a5b51c36cb7cdae46 KateMelb replied to the topic Agent error - cost me time and money and heartache..!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4400307-agent-error-cost-me-time-and-money-and-heartache/#post-4626388 Mon, 21 Jun 2010 12:01:14 +0000 BreakEven wrote:
Hi Terry,Sorry to hear that this happens all the time..The property settled months ago.  The tenants have remained as their rental contract is in place until this weekend, and they have  been paying rent to me.  The problem is that the agents knew that the tenants needed to be out, but they didn't notify them in time.Ive si…[Read more]

]]> 29f362532a6564496cc369b545be3e73 KateMelb replied to the topic Agent's authority for Urgent Repairs in the forum General Property https://www.propertyinvesting.com/topic/4398794-agents-authority-for-urgent-repairs/#post-4617249 Fri, 11 Jun 2010 04:39:47 +0000 duckster wrote:
I would rather authorise my property manager to repair anything under $1000 rather than having to authorise repairs, but I trust my property manager.

May I suggest the authorisation be strictly confined to urgent repairs as defined in the Act, otherwise you could find yourself paying for items that the PM authorised but weren't…[Read more]

]]> eec1a39cb9dc11aaeca013a0ebc73a8f KateMelb replied to the topic Building Permit Process in the forum Our builder took care of https://www.propertyinvesting.com/topic/4400069-building-permit-process/#post-4625044 Fri, 11 Jun 2010 02:08:27 +0000 Our builder took care of this, in conjunction with our building surveyor.Ask your local Council for more information or contact the Building Commission in your State.

]]> 65a66ecf0b425a5cf6fbd3c08a8133eb KateMelb replied to the topic Water leak & damage in Strata Unit in the forum Help Needed! https://www.propertyinvesting.com/topic/4399958-water-leak-damage-in-strata-unit/#post-4624615 Thu, 10 Jun 2010 12:37:09 +0000 I’d formally advise the strata manager and the other owner (either through the agent or directly via a title search) that unless the matter is promptly dealt with, you will refer it to the building insurer to pursue. The insurer could seek partial recovery of any claim directly from the manager and other owner if their failure to act results in…[Read more]

]]> 2514d17b8e8f4ec5f2c364ca05e124cc KateMelb replied to the topic Property in Southbank, Melbourne in the forum General Property https://www.propertyinvesting.com/topic/4400186-property-in-southbank-melbourne/#post-4625730 Thu, 10 Jun 2010 05:16:50 +0000 If you plan to sell relatively quickly, be wary of the rate of capital growth and the effect of CGT.

]]> 695852362901fe09260d949b0968bd1d KateMelb replied to the topic Agreement/contract for renting a room in my house - License to occupy premises in the forum Help Needed! https://www.propertyinvesting.com/topic/4400191-agreementcontract-for-renting-a-room-in-my-house-license-to-occupy-premises/#post-4625753 Thu, 10 Jun 2010 05:07:32 +0000 As the Residential Tenancies Acts in each State also generally include rooming houses, the Act in your State may still apply even though only one room and not the entire premises is being rented. If the Act applies, it means you must use the standard residential tenancies agreement. Best to check out the law in your State and contact your Stat…[Read more]

]]> 6b18a9426acae48b8fb4be00aa78fd54 KateMelb replied to the topic How do you find the owner details of a property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400156-how-do-you-find-the-owner-details-of-a-property/#post-4625568 Wed, 09 Jun 2010 03:33:57 +0000 A title search will give you the owner's name but not necessarily their current address. You may need to lodge an FOI request with the Council as ratepayer rolls aren't public for privacy reasons (sorry Steve!) or you could search the phone book or electoral role for the current residential address of the owner.

]]> e13ac3c7fb27dcd2c4805b04976d16db KateMelb replied to the topic How long can you claim depreciation on a house ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400160-how-long-can-you-claim-depreciation-on-a-house/#post-4625587 Wed, 09 Jun 2010 03:27:05 +0000 If your property was built after July 1985 you will be able to claim both the Building Allowance and for Plant and Equipment. If construction commenced prior to July 1985, you will only be claim depreciation on Plant and Equipment (i.e. carpet, blinds, ovens etc). A title search and Council records may help in nailing down the construction timeline.

]]> b6feb78a1c5835f1ecef73a245f3046c KateMelb replied to the topic insurance when >1 lease in the forum General Property https://www.propertyinvesting.com/topic/4399987-insurance-when-1-lease/#post-4624728 Tue, 08 Jun 2010 06:52:18 +0000 Lumleys through a broker is worth a look – they're even cheaper than cheap EBM.

]]> 7690e96ec23ad2391b293faa3bbf31b4 KateMelb replied to the topic Do property managers / agencies receive kick backs? in the forum General Property https://www.propertyinvesting.com/topic/4400138-do-property-managers-agencies-receive-kick-backs/#post-4625489 Tue, 08 Jun 2010 06:36:55 +0000 JimmyJ wrote:
I have always wondered if they receive kickbacks, and I think this is confirmation.  Why would they offer to source quotes when there is nothing in it for them?

Exactly. I've experienced this with landlord's insurance and smoke detector inspections, where the services plugged by the PM were signficantly more expensive than what I…[Read more]

]]> 820a7b6f5cedd7d02fa8ffb9e49163d6 KateMelb replied to the topic Interest rate rises and rental income? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400053-interest-rate-rises-and-rental-income/#post-4625004 Tue, 08 Jun 2010 06:20:17 +0000 Oztorro19 wrote:
You have to be able to justify your increase in accordance to market conditions. Today, one would just jump on the net, have a look at their suburb and property stats and you quickly get a very good idea of market value. Now a tenant does exactly the same and if the home their in is no longer value for, away they go. You are…[Read more]

]]> d1fd73992f9f983d49aa3b2f27b39c58 KateMelb replied to the topic Which Suburbs? (Victoria) in the forum Help Needed! https://www.propertyinvesting.com/topic/4400028-which-suburbs-victoria/#post-4624888 Fri, 04 Jun 2010 07:28:31 +0000 Still good deals to be had in Murrumbeena and Hughesdale along the Pakenham train line. Cheltenham, Highett, Mentone and Moorabbin are also worth a look, along the Frankston train line.Train will get you to the CBD faster than driving and there are lots of express trains along those lines = even faster.

]]> e0ea33b3c3741c3c125ea448b892dbb8 KateMelb replied to the topic Quantity Surveyor for Roxby Downs IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4400117-quantity-surveyor-for-roxby-downs-ip/#post-4625409 Fri, 04 Jun 2010 07:20:27 +0000 ALWAYS use a reputable quantity surveyor to obtain a depreciation report and ALWAYS ensure they visit the property to cover yourself if the ATO ever queries your deductions.The Rentwise blog contains some handy info and tips on depreciation schedules: http://blog.rentwise.com.au/index.php/2010/05/18/depreciation-reports-please-explain/

]]> 015695876132cd3a716abc823847b036 KateMelb replied to the topic HELP!!! What Are My Rights As An Owner With A Bad Property Manager in WA in the forum Help Needed! https://www.propertyinvesting.com/topic/4400100-help-what-are-my-rights-as-an-owner-with-a-bad-property-manager-in-wa/#post-4625338 Fri, 04 Jun 2010 07:15:34 +0000 The Rentwise blog has links to free advice provided by the WA Government as well as the WA Tenants Union (a handy reference point for landlords): http://blog.rentwise.com.au/index.php/2010/05/24/free-forms-and-resources-for-self-managers/As others have said, know your rights and exercise them!

]]> ac1cc66dc0453d983ec4982bc0f5c9fc KateMelb replied to the topic Where can I find more information on major projects/infrastructure that are/will be opening up in Australia? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400126-where-can-i-find-more-information-on-major-projectsinfrastructure-that-arewill-be-opening-up-in-australia/#post-4625444 Fri, 04 Jun 2010 07:08:20 +0000 If you're interested in Victoria, check out the Department of Transport's website, which details where all the new rail lines, stations and bus routes are being built according to the Victorian Transport Plan and hence where it'd be wise to invest as people want to live near public transport.

]]> 703143030306e507903a0a24368f706c KateMelb replied to the topic Recommendation's on landlord/ property management software in the forum Help Needed! https://www.propertyinvesting.com/topic/4399745-recommendations-on-landlord-property-management-software/#post-4623327 Wed, 12 May 2010 05:36:08 +0000 grasshopperinvestor wrote:
Hi everyone, I am puzzled as to which software too buy. I only have two IP's at the moment , that I self manage. I was hoping that some of you experienced investor that are self managing your properties could give me a push in the right direction . Any advice would be greatly appreciated. Cheers Grasshopper…[Read more]

]]> ceed047a33f5c633d7bfc3ede565eeb7 KateMelb replied to the topic Terminating Rental Property Management Contract in the forum Help Needed! https://www.propertyinvesting.com/topic/4399511-terminating-rental-property-management-contract/#post-4622071 Wed, 12 May 2010 05:26:49 +0000 pijoko wrote:
Thanks for all your suggestions.I'm just wondering how the 'hand over' will occur. Should I just turn up at the property and advise the current tenant that, as the owner, I will be taking over the property management, and give my contact details along with new bank account details.What is the usual procedure here? I guess I should…[Read more]

]]> 60c518d9bf04b12d39a66a2e5e2bac5d KateMelb replied to the topic First Time Investor - New House in the forum Help Needed! https://www.propertyinvesting.com/topic/4399424-first-time-investor-new-house/#post-4621403 Wed, 12 May 2010 05:01:32 +0000 Ernie, make sure you examine and understand all the figures and fees very carefully. Look out for commissions and ongoing management fees – these may be excessive or unnecessary e.g. a 1% annual management fee in additional to PM management fees is typical of one-stop-shop investment schemes. Ask yourself if it's really worth paying fees like this…[Read more]

]]> 09c323373397eec48071711d3775bd9e KateMelb replied to the topic Expensive Property Managment fees?? in the forum General Property https://www.propertyinvesting.com/topic/4399605-expensive-property-managment-fees/#post-4622713 Mon, 10 May 2010 00:54:10 +0000 Phorsha wrote:
Turns out this is the cheapest fee schedule i can find….anyone got any recommendations for a Perth NOR property manager that charges more like what people get over east in melb etc? I am starting to think i should do this myself but have no idea where to start, seems a lot of paper work (initially anyways)…

Phorsha, we were i…[Read more]

]]> 98f03f06038cea9f725771ad9173f909 KateMelb replied to the topic To stick with Rental Manager or do it myself???? in the forum JessW wrote:Hi KateMelb - https://www.propertyinvesting.com/topic/4399809-to-stick-with-rental-manager-or-do-it-myself/page/2/#post-4623731 Mon, 10 May 2010 00:44:05 +0000 JessW wrote:
Hi KateMelb – I'm still certainly interested in self-managing in the future – I'll check out your website – wish I had of looked at it before I made the decision to go with the PM!!! I was struggling to find easy to understand, straightforward info about self-managing…..Cheers, Jess

Jess, we were in your shoes when we started…[Read more]

]]> 420b8c685e0ad0e25332b4b80e5aa67b KateMelb replied to the topic selling a tenanted property in the forum General Property https://www.propertyinvesting.com/topic/4399498-selling-a-tenanted-property/#post-4621965 Mon, 10 May 2010 00:35:10 +0000 GeraldineM wrote:
If you keep the tenants during the sale, why not offer them reduced rent as a 'thank you' incentive to open the house whenever needed and to keep it presented really well?  This could cover giving access for any repairs and gardening.G

It is the tenant's obligation (at least in Victoria) to provide access for sales…[Read more]

]]> 02f9172b8c1a4657c3288151016a610c KateMelb replied to the topic To stick with Rental Manager or do it myself???? in the forum Jess, contrary to the myths, https://www.propertyinvesting.com/topic/4399809-to-stick-with-rental-manager-or-do-it-myself/page/2/#post-4623728 Mon, 10 May 2010 00:22:48 +0000 Jess, contrary to the myths, self-managing is really very easy. I only use a PM to find a tenant. Once they're in, I take over and in all the years I've done this with a number of properties, I've never had any issues with evictions or Tribunals – finding a good tenant in the first place and treating them with respect and courtesy once they're in…[Read more]

]]> 19f9c6f352de30b96f6fcf7125440a84 KateMelb replied to the topic Vendor with financial difficulties in the forum Help Needed! https://www.propertyinvesting.com/topic/4399761-vendor-with-financial-difficulties/#post-4623449 Wed, 05 May 2010 04:18:32 +0000 The contract of sale should have the building permit in it. You can also special condition a sale based on the provision of a certificate of occupancy by a certain date, otherwise you can walk away.But based on his apparent financial difficulties, I wouldn't be giving him a deposit directly – his agent/lawyer should hold this on trust in case t…[Read more]

]]> 7d4d314845fb6a721b7203647ce4f527 KateMelb replied to the topic Buying a propert with tenant in place in the forum Help Needed! https://www.propertyinvesting.com/topic/4399787-buying-a-propert-with-tenant-in-place/#post-4623604 Wed, 05 May 2010 04:08:03 +0000 maree_bradross wrote:
You would have to check with your states legislation but in Victoria you can evict a tenant with 60 days notice if you or a family member need to move into the house. If you use this option there is rules about when it can be rented again though.Why don't you make your offer subject to vacant possession and let the vendor…[Read more]

]]> 0602528481bc31f7d88ea859f77448fc KateMelb replied to the topic The New Guy. in the forum Help Needed! https://www.propertyinvesting.com/topic/4399729-the-new-guy/#post-4623272 Mon, 03 May 2010 07:15:09 +0000 keiko wrote:
I don't know if I agree with that, I left school at 13 and the time I was 20 I had seen alot and done alot and had several businesses running and making a whole lot more money than someone with a degreeI know lots of people that went to uni and studied and then when it came time to go out and do what they studied they had a change i…[Read more]

]]> 55da09f9946229d107bef4b4c95ee301 KateMelb replied to the topic The New Guy. in the forum Help Needed! https://www.propertyinvesting.com/topic/4399729-the-new-guy/#post-4623269 Sat, 01 May 2010 12:35:21 +0000 Getting a uni degree or trade qualification is the smartest way to set yourself up to have a higher-than-average paying job, which will allow you to borrow more and buy more IPs. This is exactly the path I took – sure, had less income while at uni but once I was out in the workplace, that situation changed very quickly. Was well worth the…[Read more]

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