[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

May 31, 2011 - 6:47 am

good point Jason – yes if you need to go to a Tribunal Hearing it will be where the rental property is (or nearest major town). So unless you live close by it is a major pain to attend

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

May 31, 2011 - 3:27 am

I urge you not to privately manage your IP, it makes it all too personal imho.

If you are set on managing it yourself, please protect your privacy by only giving your tenant a mobile phone number and email address (no landline numbers). Also make sure you use a PO Box for correspondence – preferably not in the suburb your living in.

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

May 19, 2011 - 5:20 am

wow nothing wrong with that, the price seems very reasonable to me. Yes I think internal photo's would help and also more information on extra's ie. heating, cooling, hws
Is there a glut of rentals on the market at the moment?

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

May 9, 2011 - 11:21 pm

Hubby and I have just done this – Richard Taylor from this forum got the process rolling for us, we settle next week.
It has cost approx $10k to do this (we were able to use our Super money for this cost).

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

May 3, 2011 - 1:05 am

Definitely worth doing – the schedule will be for 7 years. Your accountant will then be able to write off/add to it as needed

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

April 21, 2011 - 1:17 am

We went through a similiar thing last winter and borrowed a column oil heater to get us through. We have now installed split systems.

Do they take a long time to heat warm up? I much prefer split systems, they are cost effective to run and you have the option of cooling as well

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

April 5, 2011 - 8:15 am

lol no problemo Richard – happy to shout it from the rooftops You have made the whole process so easy for us.
This is the 2nd time Richard has been able to help us in 18 months

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

April 5, 2011 - 4:53 am

Hi Salina,
I am the forum member that Richard is referring to.
Combined my hubby & I had just over $100k in super. Richard is helping us get a deal across the line with purchasing a property in regional Victoria (very close to our existing IP) – so far so good

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

March 22, 2011 - 10:56 pm

Hi – just sent you the one that I use. Cheers

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

March 17, 2011 - 11:58 pm

unhappydays – I am sorry but from a landlord point of view your post makes me cross. I am sorry that you have no outside support to assist you – but you do have options, you could move into a caravan park/backpackers/rent a room and store your belongings until you find accommodation. Yes that will involve moving your belongings twice – and it may mean you will have to wait a little longer to get your bond back and be in a position to move into another rental.
Your actions could jeopardise the settlement and cause financial loss to the seller & buyer, each of who are just normal everyday people stretching themselves to get ahead.
Yes you may not get a permanent black mark but it will be put on the real estate franchises internal list and I happen to know that local agents share information amongst themselves – so it could jeopardise your future rental applications

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

March 7, 2011 - 3:20 am

gosh sounds like me ex tenants from hell – hope the property isn't in the Gippsland area?

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

February 14, 2011 - 12:06 am

I am a little biased as I bought in Seaford 18months ago and love the area. But I have experienced good growth – paid $284k, next door recently sold quickly for $340k and there is a unit just up for sale with Harcourts for $369k – very nicely renovated would suit investment.
Frankston is definitely on the up and is experiencing great sales at the moment – especially with the bypass and marina that is occuring at the moment

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

February 8, 2011 - 9:12 am

Hi Laurie & welcome.

I looove Mornington & would buy there in a heartbeat – do the units you’re looking at have yards?

Not really a fan of Carrum Downs sorry. We live in Seaford (close to beach and train station) so my bias is there sorry

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

February 7, 2011 - 9:19 am

Kikki K is fantastic for office organisation.

I scan each document and save onto a USB stick under the FY, then property address, then folders for bank statements, etc etc. I find this is what I refer too rather than the original. I enter the details onto my excel spreadsheet – I try to do this once a week.

I file them all into an expandable file for that FY, then store them in a storage box

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

February 3, 2011 - 12:16 am

Depends on how far away it is from a major town? One of our properties is 10km's from a major town

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

January 31, 2011 - 3:01 am

With your calculations are you looking at Interest Only repayments on the loan? Plus depreciables – will the negative gearing drop you down a tax bracket? You can claim theses as a reduction in your pay or as a lump sum when you do your return

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

January 27, 2011 - 7:48 am

Good question – one we are considering also,
Is there a bath there already?
We are going to go a normal sized bath that is a spa (not a corner one) with a shower overhead and sliding glass doors. Stepping in and out of a bath could preclude an older tenant, but our house is 2 storey so steps would be a problem with older people anyway.
Our friends have a large corner spa and it empty’s the hot water system to fill it.
Another option maybe an outdoor portable spa – that way your Mum can take it with her when she leaves

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

January 25, 2011 - 2:16 am

Corner blocks are good for dual access to the property, especially if it has sub division potential – but avoid a busy one (road noise). Avoid ones at T intersection – where the headlights will shine directly onto the house

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

January 18, 2011 - 5:11 am

I like the acronym lahdink

The link to the article says Chloe is an apprentice hairdresser – true, she maybe coming to the end of her apprenticeship at the age of 21.
Checking out the homecentre website it seems to target first home owners & the first home owners grant – so they will have to live in it for a period of time.
Even if they do plan on renting it out a new home is going to take a bit of expense getting it gardens/landscaping suitable for renting.
Anyhow I still believe it is a lot of pressure for such a young couple, and I hope their health doesn't suffer

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

January 12, 2011 - 2:46 am

Whilst being mindful of the mammoth scale of the flooding occuring at the moment in QLD and the very sad loss of human life – you may find unaffected/habital properties in these areas to be in high demand.
This certainly was the case in Kinglake (to my girlfriends property) after the bushfires as people hunted out something they could live in rather than rebuild
Edited to add – these floods could be a catalyst for a recession, just my thoughts