PropertyInvesting.com | Simon_G | Activity https://www.propertyinvesting.com/members/simon_g/activity/ Activity feed for Simon_G. Mon, 13 Apr 2026 05:43:41 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 a7749659f81d651c939fd495add736b0 Simon_G replied to the topic Buying a property at the rear of a hosptial in the forum Help Needed! https://www.propertyinvesting.com/topic/4404764-buying-a-property-at-the-rear-of-a-hosptial/#post-4656130 Tue, 20 Sep 2011 11:27:14 +0000 I lived near a hospital once. Never any on street parking. Could be easy to rent if hospital is associated with a university.

]]> 760491a8ee654e75810195a7135815b3 Simon_G replied to the topic Landlord Insurance in the forum General Property https://www.propertyinvesting.com/topic/4403302-landlord-insurance-20/#post-4645582 Tue, 24 May 2011 03:06:09 +0000 I use EBM.  I did my research and they are cheap and cover everything including accidental damage that a lot don't cover.  Like most others, I have never had to claim, so can't comment on the service that counts.Simon.

]]> 308ddee4e15f55e58e67612d09a6882f Simon_G replied to the topic Is mortgage insurance transferrable? in the forum Finance https://www.propertyinvesting.com/topic/4403269-is-mortgage-insurance-transferrable/#post-4645338 Tue, 05 Apr 2011 09:00:18 +0000 Thanks Michael,We are refinancing for two reasons.  One, being better rates.  Second, ongoing disputes with the bank….Simon.

]]> a393669ab8dcba722ec64f842a145328 Simon_G replied to the topic Good insurance cover in the forum Help Needed! https://www.propertyinvesting.com/topic/4399351-good-insurance-cover/#post-4620927 Tue, 12 Oct 2010 05:56:33 +0000 I currently use EBM for my properties.  Haven't looked at the docs for a while but I believe they are underwritten by QBE.  One of the main reasons I chose EBM was the 'accidental damage' which a lot of policies don't cover.  Sometimes the bond doesn't cover tenants 'accidents' which can't be classed as ma…[Read more]

]]> 1262d7241f0f274dba590b0a10f3df36 Simon_G replied to the topic Bad bad Tenants in the forum General Property https://www.propertyinvesting.com/topic/4400372-bad-bad-tenants/#post-4627010 Fri, 02 Jul 2010 07:48:35 +0000 Those 'Today tonight' stories annoy me.  I have never seen one where the owner is insured….  Landlords insurance is relatively cheap.  The company I use is very cheap and it even covers accidental damage by the tenants.  Most only cover malicious acts.What about late fees written into leases?  May scare off potential tenants though……Simon

]]> c945dc3b8ee9f35a31cb084bcb6db619 Simon_G replied to the topic Tax question re: Car deductions in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400422-tax-question-re-car-deductions/#post-4627332 Fri, 02 Jul 2010 07:28:10 +0000 Thanks for the info

]]> f46e88231e2afd78bdb5a2b7a59bb52c Simon_G replied to the topic Depreciation Schedule in the forum General Property https://www.propertyinvesting.com/topic/4398456-depreciation-schedule-15/#post-4615251 Thu, 24 Jun 2010 05:13:19 +0000 I've used Washington Brown a few times.  Nice and quick, $550.Simon.

]]> 97e9f660f0349315911159f56eabbbbd Simon_G replied to the topic Property receiving well under market rent..... in the forum Help Needed! https://www.propertyinvesting.com/topic/4397293-property-receiving-well-under-market-rent/#post-4609231 Tue, 22 Sep 2009 07:36:08 +0000 Thanks for all the suggestions.  I think I will ring the Department of Fair Trading tomorrow.  We can definitely ask for vacant possession, as the lease has expired.  I am concerned about the fact we have no intentions of living there ourselves so the current tenant may have some rights regarding us asking for vacant possession only to raise the…[Read more]

]]> 5814bfe9b31bbe493628fe7d75eb8bf3 Simon_G replied to the topic Property receiving well under market rent..... in the forum Help Needed! https://www.propertyinvesting.com/topic/4397293-property-receiving-well-under-market-rent/#post-4609227 Mon, 21 Sep 2009 07:41:51 +0000 Thanks Dru, however, I'm not sure if you can kick tenants out just to raise the rent. (please let me know if you can).There is a high rental demand in the area and we would easily be able to get market rate within a week of advertising.Simon

]]> b1934fbdac22f30fc378124e372b6d43 Simon_G replied to the topic Property receiving well under market rent..... in the forum Help Needed! https://www.propertyinvesting.com/topic/4397293-property-receiving-well-under-market-rent/#post-4609225 Mon, 21 Sep 2009 04:58:06 +0000 They are on an expired lease.  The agent has told me they have been good tenants, but it has obviously been a long time since the rent was raised.  There is nothing being done by the tenants to reduce the rent.Thanks Maree.

]]> 4e44968764eab4952925b6fe9f0c867f Simon_G replied to the topic I need a tenant!!!!! (and/or a new property manager) in the forum Help Needed! https://www.propertyinvesting.com/topic/4396593-i-need-a-tenant-andor-a-new-property-manager/#post-4605850 Tue, 30 Jun 2009 00:05:17 +0000 Thanks everyone for you comments.  I'll just have to sit it out a bit longer.I will be speaking with the PM later today.  Originally it was the 'same property as everyone else' issue. but nearly all the properties have leased now so I don't think it is any longer a problem.Simon.

]]> dcf792d905be613ce12651ecca872393 Simon_G replied to the topic Advice on Student Accomodation in the forum Help Needed! https://www.propertyinvesting.com/topic/4392504-advice-on-student-accomodation/#post-4583617 Sat, 01 Mar 2008 08:16:23 +0000 Thanks Trakka, I didn't realise that…..

]]> c13d33c5dedd257f0a4f7a082e1a57bf Simon_G replied to the topic Good tenants or Good rent?????? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392430-good-tenants-or-good-rent/#post-4583311 Sat, 23 Feb 2008 02:33:09 +0000 Thanks for your input.I can see your point regarding being behind the 8 ball for the next rent increase.  I guess I was focusing on our extra cashflow when I should have put a bit more preasure on the tenans now, so it won't be as big a push next increase.I disagree with agents being all over complex legislation, however, I have never been…[Read more]

]]> 8c58708e4679f1b14a82be50a7e0636a Simon_G replied to the topic Deductable expenses???? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4390161-deductable-expenses/#post-4570491 Mon, 16 Jul 2007 09:46:13 +0000 Thanks Amanda

]]> 2f0f063a418d75f2c578d6e509348d4c Simon_G replied to the topic Deductable expenses???? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4390161-deductable-expenses/#post-4570489 Thu, 12 Jul 2007 00:42:19 +0000 I have worked out the answer to 3 and 4 by doing some research.  But am still stuck on 1 and 2.Simon.

]]> 26fcd65e9f1305475b95a60f06a6cab0 Simon_G replied to the topic Sale By Owner in the forum General Property https://www.propertyinvesting.com/topic/4383312-sale-by-owner/#post-4535984 Sun, 27 Nov 2005 12:28:06 +0000 Has anyone out there sold their property/ies privately?

There is obviously the big pro of saving 2-4%, but how was the experiance? Was it worth it?

Simon

]]> e689bb60063c3d5e99764529f2e5f88f Simon_G replied to the topic WA Investors in the forum Help Needed! https://www.propertyinvesting.com/topic/4383117-wa-investors-3/#post-4534924 Mon, 14 Nov 2005 02:16:13 +0000 I have been looking at Glendalough, tuart hill, morley, Dianella and surrounds. All around the $220 and below, 2×1’s.

Average yield I have found is around 4%.

But I am obviously looking at a completely different thing to Dazzling.

Simon

]]> 42d4d16ae8e82fb5dcaed9d1ff45e8b7 Simon_G replied to the topic WA Investors in the forum Help Needed! https://www.propertyinvesting.com/topic/4383117-wa-investors-3/#post-4534914 Fri, 11 Nov 2005 06:19:01 +0000 Dazzling,

What price range are you looking at and what % deposits are you putting down to get +CF in Perth.

I have been looking around for a while and I’m actually flying over next week to look at some properties. However, I’m hard up trying to find one that yields at 5%. I’ve been looking at various suburbs within 10 km of the CBD around the…[Read more]

]]> 2e43f1f6c17edbfd011e6026533de076 Simon_G replied to the topic How do trusts purchase property? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4383078-how-do-trusts-purchase-property/#post-4534718 Wed, 09 Nov 2005 08:26:04 +0000 Thanks CATA,

That clears it up for me.

]]> 40efe1a98a15ba5f933545655f961290 Simon_G replied to the topic How do trusts purchase property? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4383078-how-do-trusts-purchase-property/#post-4534712 Mon, 07 Nov 2005 08:33:01 +0000 Thanks guys.

One more though…..

If the individual goes on the title, as coastymike has stated above referring an individual as a trustee, then how does the ATO or anyone else know if the property is in a trust or privately owned?

]]> 16cb045d05750953d61881e393305022 Simon_G replied to the topic WA / Perth Stats in the forum Help Needed! https://www.propertyinvesting.com/topic/4382862-wa-perth-stats/#post-4533578 Wed, 26 Oct 2005 06:09:57 +0000 Thanks for the tips. REIWA has what I need.

Simon

]]> f14c3e3b95a14377b6ec247518b479fa Simon_G replied to the topic South West Perth in the forum Help Needed! https://www.propertyinvesting.com/topic/4382052-south-west-perth/#post-4528579 Tue, 06 Sep 2005 22:47:25 +0000 Thanks for the offer Kenneth, but I am in Sydney and wouldn’t be able to get there for about 4-5 weeks.

Are you able to give me some details of this estate?

Thanks,

Simon

]]> 0b90608b37150c9d4fea8cb4d1d85cd7 Simon_G replied to the topic South West Perth in the forum Help Needed! https://www.propertyinvesting.com/topic/4382052-south-west-perth/#post-4528577 Tue, 06 Sep 2005 10:45:17 +0000 Thanks for your input people. I will let you all know how my research and hunting goes in WA.

Simon.

]]> add1a35510eb775c34a00d7ac529cca5 Simon_G replied to the topic Investing in the Isa in the forum No Subject https://www.propertyinvesting.com/topic/4378833-investing-in-the-isa/#post-4507183 Thu, 28 Jul 2005 05:36:11 +0000 blossomoz

I have made recent enquires re: property managers in Mt Isa. Both LJ Hooker and Jays charge 10%. Jays will charge 7.5% if you purchase through them. Ray White charge 8.5% + $5 per month.

I think they all charge GST.

I have not yet purchased there but have spoken with the two managers at Ray White and they are both very helpful.…[Read more]

]]> a9d232109b07677805d09f83e62a7010 Simon_G replied to the topic Landlord Insurance in the forum Help Needed! https://www.propertyinvesting.com/topic/4381120-landlord-insurance-8/#post-4522498 Tue, 12 Jul 2005 07:37:58 +0000 In relation to NRMA. I spoke with them today and the 4 weeks in rent deduction is basically them recovering the bond, as they don’t want you to prifit twice from a tennant not paying.

Therefore, I believe they are the cheapest by a long shot. (For my circumstances anyway)

Simon.

]]> 3677d6dbc53cd4cf010ed7d0f6263785 Simon_G replied to the topic Landlord Insurance in the forum Help Needed! https://www.propertyinvesting.com/topic/4381120-landlord-insurance-8/#post-4522497 Tue, 12 Jul 2005 06:35:37 +0000 Thanks Bozang,

I rang Terri Scheer, however, they are very expensive for building insurance.

Simon

]]> bee9f193d1461b62c7e8a431b43c1694 Simon_G replied to the topic Landlord Insurance in the forum Help Needed! https://www.propertyinvesting.com/topic/4381120-landlord-insurance-8/#post-4522495 Mon, 11 Jul 2005 11:59:39 +0000 Thanks everyone for your replies. CGU did look good but it is expensive. I may get in touch with a broker.

Simon

]]> b2f458154485101c3be227efe086c571 Simon_G replied to the topic am i ready to buy a house?! in the forum Help Needed! https://www.propertyinvesting.com/topic/4381066-am-i-ready-to-buy-a-house/#post-4522151 Wed, 06 Jul 2005 05:52:54 +0000 Hi mcubed,

I am in a similar boat to you, in that I am about to buy my first investment property. (Signed the contract today!!!).

The best way to start is to contact a mortgage broker and get a pre-approval. That way you know if the banks will lend to you. It saves wasting time looking if you can’t get finance.

Good luck,

Simon

]]> b505df62a96bad4cd42aaa88900d3b5e Simon_G replied to the topic LVR for Commercial Property in the forum No Subject https://www.propertyinvesting.com/topic/4381035-lvr-for-commercial-property/#post-4521970 Tue, 05 Jul 2005 02:35:06 +0000 It’s an office. Two rooms and a bathroom. It is in an area where the population is about 150000.

]]> 3cca492431bdab54e0e5c645b2732e44 Simon_G replied to the topic Overseas Property Purchase in the forum No Subject https://www.propertyinvesting.com/topic/4381025-overseas-property-purchase/#post-4521937 Mon, 04 Jul 2005 00:31:17 +0000 Thanks for the info Richard,

Do you know where my tax dollars would be going? Or is that a complicated issue?

Simon

]]> f8dfa6c4c32834a9fc4c5d5bc023263a Simon_G replied to the topic Any suggestions??? in the forum Help Needed! https://www.propertyinvesting.com/topic/4381014-any-suggestions-6/#post-4521791 Fri, 01 Jul 2005 08:21:37 +0000 Thanks westan,

The purchase price is $145K.
The rent is $255p.w (Tenant just signed a 1yr lease). The rates are $1910 p.a, and the Property Management fees at all the local agents are 10% of rent.

Thanks,
Simon

]]> 729850da090a6a579af127e51b5765ed Simon_G replied to the topic Accountant in the forum Help Needed! https://www.propertyinvesting.com/topic/4381011-accountant-9/#post-4521773 Fri, 01 Jul 2005 07:23:20 +0000 Thanks Terry, I’ll look them up.

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