https://www.propertyinvesting.com/members/ouchiemama/activity/ Activity feed for ouchiemama. Mon, 13 Apr 2026 05:43:41 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 a3f41f0209cd07a9d3dbb886b31b91cf https://www.propertyinvesting.com/topic/4399854-tenant-wants-out-early/#post-4624039 Wed, 12 May 2010 09:17:05 +0000 You're right D, there are definitely circumstances where it would be appropriate to end a lease … I wouldn't want unhappy tenants and it seems my tenants don't want an unhappy landlord either! LOL.I've maintained an approachable friendly relationship with all my tenants. I like to be flexible … just in this case, I think I needed to make the…[Read more]

]]> 03436e2a03b64bb2599d6cc550586da8 https://www.propertyinvesting.com/topic/4399854-tenant-wants-out-early/#post-4624037 Wed, 12 May 2010 08:55:07 +0000 Hi all, thanks for your responses. I just thought I'd update the latest news. I sent the tenant an email last night saying that whilst we'd prefer they commit to the lease we would let them out of it with all advertising expenses and rent paid until another tenant was found. I was very 'nice' about it; they are nice tenants after all. Anyway, I…[Read more]

]]> 3544dec0e9c6de38996e7907390bd079 https://www.propertyinvesting.com/topic/4399854-tenant-wants-out-early/#post-4624034 Tue, 11 May 2010 11:11:59 +0000 Hi D, they're moving because they've found another property they want to rent. I'm not sure of all the details. They mentioned on signing this lease that they might want to move after this lease expires and were looking to buy. I get the impression its 'just because'. I don't anticipate in this market that we would have trouble getting another…[Read more]

]]> 3a24307070ec732bb8efb012d3aee633 https://www.propertyinvesting.com/topic/4399498-selling-a-tenanted-property/#post-4621960 Tue, 13 Apr 2010 10:13:43 +0000 I would go with a periodic tenancy from 25th June. Let the tenant know that you plan to sell the house. If you get a buyer, you can do settlement in line with the tenants notice to vacate … sounds like a plan!! Many buyers will find the idea of having a tenant in place an attractive idea so I wouldn't think of it as cutting out a section of the…[Read more]

]]> d9157ef72a0caa12b5e735930c46ea6c https://www.propertyinvesting.com/topic/4399491-student-investor/#post-4621893 Tue, 13 Apr 2010 09:58:57 +0000 Wow, Matt, you've obviously got a lot of thinking going on … and some great support in family who are already investors.My first thought is that with only a part-time job your possibility of getting a loan may be limited. I would talk to a broker who can assess your suitability right there and then. You could always run it through one of the…[Read more]

]]> 2c2c1011ac089be6f18695e777f15bec https://www.propertyinvesting.com/topic/4399499-investment-property-being-rented-out-over-capacity-help/#post-4621972 Tue, 13 Apr 2010 09:38:57 +0000 Hi, my two pennies worth in answering your queries: Is it legal? Check the council regulations to ensure what is a satisfactory number for a residential property. If it comes under a 'rooming' or 'boarding' house AND you have a lease for it in that situation, then obviously, yes, its legal. However, if you have a lease for only a few people, then…[Read more]

]]> e588e2ad9eb637b23499637c5c6e0902 https://www.propertyinvesting.com/topic/4398484-property-managers-too-busy-to-manage-properties/page/2/#post-4615431 Tue, 13 Apr 2010 09:10:17 +0000 Wow Steelar … you'd think having a managing agent would help solve some of your problems with tenants … even more so when you live so far away. I wonder how much of their decision making came as a result of knowing you were in Australia and, in their opinion, not so easy to contact as a local owner?Good luck with the sale and your new life here!

]]> 07cefc3db4df17e0ba1ecdcb89f1b6c0 https://www.propertyinvesting.com/topic/4399449-im-about-to-start-buying-my-investment-properties-for-retirement-i-need-advice-please/page/2/#post-4621551 Mon, 12 Apr 2010 08:07:50 +0000 Wow AndrewH … if I had $45,000 to spend I wouldn't be giving it to someone to find me a property … I'd be investing it in that property! I appreciate your drive to achieve properties in a small precise point in time, but I think with some research, read lots, surf the net, do some courses, talk to people and forums like this one and you'll…[Read more]

]]> a301fe84dc72f67e6786140051ca03ec https://www.propertyinvesting.com/topic/4399473-hard-to-find-deals-in-perth/#post-4621728 Mon, 12 Apr 2010 07:49:45 +0000 GH, I live in Perth and have two investments here. I think you'll find that we're not too different from other areas of the country BUT for the fact that our economy is doing pretty well and we traditionally, don't drop prices too much. A discussion I had years ago with a real estate salesman was around what would happen if our 'bubble' burst…[Read more]

]]> 261d7dc0f27719d58483def3540ec045 https://www.propertyinvesting.com/topic/4399345-how-to-best-teach-investing-to-your-kids/#post-4620840 Wed, 31 Mar 2010 23:56:52 +0000 Hi Ryan, first up congratulations on becoming a new dad. Its great that you're positive about teaching her about financial freedom and investment. I believe its one of the reasons why so many people don't achieve it … we're not taught basic budgetting skills as children (or in school) … and its so important.I have two daughters. We've taught…[Read more]

]]> b0dee6f0d36349f42a9f9752319ad486 https://www.propertyinvesting.com/topic/4399358-buying-or-building-in-perth/#post-4620981 Wed, 31 Mar 2010 10:03:38 +0000 Hi, I live in Perth and have two investment properties here. My husband and I built one and we bought the other established. My preference on affordability is to build over buying established. Many developers offer landscaping packages and carpets, blinds, etc. so you could pretty well sign up and get a tenant in when its done without much extra…[Read more]

]]> 7ac4ad53f4eba9462131e1f8f65593e1 https://www.propertyinvesting.com/topic/4399312-tenant-wants-a-long-lease/#post-4620661 Tue, 30 Mar 2010 08:40:09 +0000 thecrest, I love the way you think …businessglobal … wow, you've got some stories to tell. I totally agree over the PMs. The come and go and are often so unreliable. All the checks in the world won't save you from a bad tenant or a good one gone bad. Worthwhile advice you have there!gmnicho … my opinion on your query regarding a long lease…[Read more]

]]> 6b47b2848aa78a67ab49125a814db7ed https://www.propertyinvesting.com/topic/4399310-boot-and-renovate-or-stick-with-existing-tenant/#post-4620635 Tue, 30 Mar 2010 07:59:36 +0000 g0biin, as I mentioned in my previous post, you do need to stay on top of the market and cater for any increases so you're not in the current situation. My advice on the reno's … if you can get market value without it, do it …If you think you'll get more with some reno's, then taking into account how much you'll outlay vs how much extra income…[Read more]

]]> a2d0e49ca62d967b83fc81cfd2afa702 https://www.propertyinvesting.com/topic/4399274-recently-divorced-how-do-i-rebuild-with-100k/#post-4620388 Sun, 28 Mar 2010 10:19:29 +0000 I'd buy the best you could afford … better rent return, hopefully better quality tenant. Just MHO. Good to hear you're not getting carried away. Start with one IP and see how you go from there.

]]> faa5520508fdd9993c03a5a453e2d811 https://www.propertyinvesting.com/topic/4399310-boot-and-renovate-or-stick-with-existing-tenant/#post-4620629 Sun, 28 Mar 2010 02:33:59 +0000 G, I haven't had to 'boot' a tenant out to force a rent increase but I have had to increase the rent on my properties, sometimes considerably. I often have trouble with the idea of bigger rent increases because I'm philosophical about it, I already have a good steady stream of income, good tenants, regular payments and a house that's looked a…[Read more]

]]> 00427c3a84398a5ec6b1fce10a4ccb95 https://www.propertyinvesting.com/topic/4399311-investing-5/#post-4620640 Sun, 28 Mar 2010 02:13:28 +0000 If it were me, I'd stick with property … have a look at the global financial crisis to give you a viewpoint on shares. Of course, picking the right shares and even the right property is a challenge in itself. I'm biased towards property but I also have some shares which I just let 'sit'.You have equity in your own home to buy an investment…[Read more]

]]> 2427faff8e1167582e9b4346e6218528 https://www.propertyinvesting.com/topic/4399303-3rd-share/#post-4620579 Sun, 28 Mar 2010 02:04:07 +0000 I have two properties which I own with my husband so I can't talk from the point of view of a three way split. However, from the point of view of a joint investor, if I were in the situation of one of the parties wanting to get out, it wouldn't bother me if you bought me out or the property was sold. Either way, I get my third share of the value…[Read more]

]]> 59159ab1bd328a48444e5483bc9b7f71 https://www.propertyinvesting.com/topic/4399067-hi-all-2/#post-4619021 Fri, 26 Mar 2010 08:11:56 +0000 Well done Ranjeev on falling in love with property investing. I have two rental properties in Perth as well as PPOR. Perth has been a great place to invest and will continue to be for the future.Its never too early to get started and once you do, you'll be hooked. Until you have job security, learn as much as you can, do your research on suitable…[Read more]

]]> b84e3a9cfd1cb5955206a25dbb489832 https://www.propertyinvesting.com/topic/4399236-tenant-request-to-have-a-cat/page/2/#post-4620100 Fri, 26 Mar 2010 08:04:02 +0000 I have two rental properties where both tenants have cats. I don't mind cats (I have two). I live in WA. We charged a pet bond of $100 which is the maximum I can charge for pets, irrelevant of the number. The idea of the pet bond is that it covers for flea spraying, etc. I also specified in the lease that the tenants have permission to have x…[Read more]

]]> b81e21e6bb681c0cbc34801ba45a9f9a https://www.propertyinvesting.com/topic/4399274-recently-divorced-how-do-i-rebuild-with-100k/#post-4620374 Thu, 25 Mar 2010 23:53:29 +0000 oo3c, you go girl!! You're the same age as me, kids similar too … you've made the decision to go, so be positive, you can do it, look for better. Getting rid of the negative crap in your life is liberating and you'll be surprised how different your life is. I'm a firm believer that once you've decided what you want, there's no point hanging…[Read more]

]]> 841f922ab4e91f21302c0fa6654c477a https://www.propertyinvesting.com/topic/4398484-property-managers-too-busy-to-manage-properties/page/2/#post-4615422 Thu, 25 Mar 2010 23:42:32 +0000 I love the idea of mystery shopping a PM … and with so many issues from tenants and landlords, why not? Playa Chicken, good luck with being a PM; there's clearly so much scope for a GOOD, positive PM you're on a gold mine if you can do it!DWolfe, I think you hit the nail on the head … smaller, more personalised businesses where people actually…[Read more]

]]> 4b75e5b46a8e4561fa65fb1bb6aba54e https://www.propertyinvesting.com/topic/4399022-bad-property-manager/#post-4618735 Thu, 25 Mar 2010 23:26:05 +0000 Thanks for the follow-up Leharna. I'm sorry you had to go through it but great that you've posted it so that we can all learn from those lessons. thecrest, I'm interested in answers to your own questions …Which Govt Dept licences PMs in NSW?Under what Act are PMs licenced ?I live in WA. Property Managers are registered under the Real Estate and…[Read more]

]]> 50cf0a22d9a2418e9012070c1384f3a4 https://www.propertyinvesting.com/topic/4399022-bad-property-manager/#post-4618732 Thu, 25 Mar 2010 09:29:20 +0000 Interesting post … definitely food for thought in this case.I manage my own properties, so I'm with Number 8 on this … I also agree with TheCrest on the issues of legal action.If I were to consider legal action against a property manager for duty of care, I would start with the Real Estate Institute in your state as they are the State…[Read more]

]]> 10b9bdd132de974d01f1628e569868d3 https://www.propertyinvesting.com/topic/4398484-property-managers-too-busy-to-manage-properties/#post-4615418 Thu, 25 Mar 2010 06:08:08 +0000 This is exactly why I took back both my properties from the PM and handle them myself. I have a great relationship with my tenants and they've told me how much they appreciate the personal contact they have with me.I'll admit to being a little hesitant that I'd be able to find the 'right' tenant and not have my houses trashed but I was assured by…[Read more]

]]> bf6d32bb58bdfef3e485d067a5bde32b https://www.propertyinvesting.com/topic/4399274-recently-divorced-how-do-i-rebuild-with-100k/#post-4620370 Thu, 25 Mar 2010 03:51:45 +0000 Wow, I do feel for you and your situation. It's a BIG question but here's my advice for what it's worth:I understand you'd want to relocate away from your ex BUT if doing so means you'll lose your job and then not qualify for another mortgage, then you'll need to seriously consider the impact of that. Especially given you want to 'rebuild'. Also…[Read more]

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