I was interested to read that owners put their rubbish on the ground where 'the bins should go'. Surely tenants can bring in their own bin. Anyone living in a house takes out and brings in their own bin. When I lived in a unit in Syndey, we took out and brought in our own bins. This simple process would stop the mice and would only take a minute…

Where do you live at the moment? that might help us to knowwhat areas close by you may be able to affordSonya

If your older lady is on a pension she would be entitled to rental assistance, maybe make some discreet enquiries with centrelink 'mystery shopping if you will' to find out how they determine rental assistance for pensioners. You may find that your tenant is not 'out of pocket' at all because centrelink will meet the difference, or alternatively,…[Read more]

Have you thought about lowering the rent a little or offering some otehr incentive to entice renters. I wonder how much you will come out with and be able to buy by the time you factor in agents fees and commissions to sell, legals to both sell one property and buy two more properties as well as the building and pest inspections.Once the property…[Read more]

Are you a 'tenant in common' or joint tenants? I know that you don't reside in the investment property, but these are the legal terms used when buying a property that has a mortgage. teh structure of which determines what happens if one of the partners die. Tenants in common means that the share goes into the person's estate. Joint tenants means…[Read more]

Hi Geraldine, margaret Lomas recommends asking how many properties the agent is managing and how many staff are involved with the property management. it would seem that the abovementioned Pm has too many properties for one PM to manage effectively on their own. They either need to employ another PM or you could look to find  a PM who has a more…[Read more]

Just a question, you said that one of your concerns was that the house was in a flood prone area, why then had you even put an offer in if this was of concern to you. be careful to do due diligence on any furture properties that you are looking at..Sonya

If you relocate and choose to rent and buy ivestment properties you may not be able to do family day care, you would need to check with the landlord. I was a family day carer while i was doing my teaching degree via correspondence. When i fininshed this I initially worked in a long day care centre until I relocated, then I applied to teh…[Read more]

HI Kylie, i have looked at buying and relocating homes before, but do not know enough to feel confident that i will factor in allcosts appropriately. Have you 'learnt on the job' or have you been able to locate some material to help you calculate all obvious and hidden costs associated with relocating houses?Apologies Kuradji for highjacking your…[Read more]

How commerically viable is the property? Are you happy with the return, have you had good tenants or lots of vacancies?How has the capital growth been?Are you in a position to buy out your partners? if you own 33 1/3 % of the property then you already ahve enough equity to get a loan on your own to buy them out. This may also help to reduce your…[Read more]

Hi,I can soooo relate to you, i am a divroced mum of three children under ten, i have been divorced for three years (best three years of my life!) I have bought my PPOR and three IPS in this time. Admittedly I had a little more money, about $170K when i divorced, but I wasn't working and relocated 600 klms away from where I had been living to a…[Read more]

Hi GOM,I have found that  speaking to a number of property managers before speaking to sales agents can be worthwhile as they are the ones left 'holding the baby' after the sale goes through. Property managers do not want the headache of dealing with problematic tenants and unhappy landlords who may have properties vacant for extended periods of…[Read more]

What is the current loan on, your current PPOR? What will you do with this property when you move into the the new property, keep it as an IP or sell it? YOu can only claim tax deductions on loans that are on income producing properties, therefore if you are living in the property then change it to an IP you can claim expenses after the date that…[Read more]

Where have you been looking to purchase?

Yes, they have, not by much intially as I locked myself into an interest rate over 8%,  however, they are even more positive now that I have refinanced.

Matt, be aware that some banks and loans charge a fee every time you redraw from it. i know the original loan that I ahd with ANZ charged $25.00 every time you wanted to redraw money, three times as much as the $8.oo per month of this offset account.cheersSonya

Yes, I ahve cashflow positive properties that are three bedroom and in towns about 10,000 population.cheersSonya

HI Renato, i couldn't see anywhere where the sale price is listed, have i missed this or is that your intention? IS his house on Hawkesbury road Winmalee? If so is it closer to Winmalee Public School or closer to Winmalee High School/cheersSonya

Hi, kevin, this is a lovely area of the world. I would have mentioned that the property has an updated kitchen are the bathrooms also updated? Perhaps even mention that it is within waliking distance to bothe Blaxland and Glenbrook stations and Glenbrook lagoon and restaurants/cafes in Glenbrook. Saying that it is 'close  to' something has…[Read more]

Hi is there anything in the wording of the contract regarding the type of service being provided, their obligations as property manager, such as attending to issues of maintenance promptly, carrying out regular property inspections etc. if there is and they have failed to meet their obligations you may have grounds to terminate the contract…[Read more]