Forum Replies Created
Broche,
I’m certainly no guru, but have you considered the costs of any strata levies, insurance, management fees and rates ?
Ticky.
I agree with Yack on this one. The travel to renovate or repair a property which isn’t producing an income is calculated as your cost base for CGT when the property is sold.
There was a recent newspaper article about the top 10 incorrect claims made by property investors. This was one of them.
If the property was available and advertised for rent, or rented at the time, then this would change things.
NEWBIE,
If you live in Western Sydney and sold the computer through the Trading Post, I’d be extremely nervous until the cheque was cleared. There’s a certain male dropping these cheques all over the place and he loves electrical items and cars. Good luck.
I’m from Western Sydney and me fee’s are as follows ;
Property management 5% (multiple properties)
Usually 5% – 7%
Property report – free
Quarterly inspection – free
Letting fee – 1 weeks rent
Postage – $3.30
Lease Prep fee – $15.00
Annaul statement – $30.00Ticky
I came across Mt Isa the other day surfing some internet sites. I did a search on this site and there’s next to nothing on the place.
I’ll admit I haven’t done any research on the place and don’t know what the future holds for the town, but if you couldn’t find a 10% CF+ property here with 2 minutes, you’ll never find one.
I thought it only fair that I now post the result of my grievance to the PM.
They stated that this invoice from the plumber was the icing on the cake having several had prior complaints about charges.
They queried the back plumbers rates about clearing roots, causing a blocked drain and what his charges for a call out on a Sunday would be. He stated $160 – $180 and he has his own eel.
The PM has agreed to for-go management fees on my two properties for a month saving me just shy of $100 difference. They also recognised the fact they didn’t contact me.
Thanks for everyone’s input.
I have a small opinion I thought I might add.
I work in law enforcement in western Sydney. I also have a PPOR that backs onto a reserve. I’ve been here 7 years and never had any problems with break and enters. Niether has anyone else in the street in that time.
I think it largely depends on the area. If there are a high number of state housing homes in the vicinity, I wouldn’t go near a reserve or laneway. If it’s a private area, then go for it.
As for council having lights it a park. It attracts teenagers at night like moths. All it does is ensure that they can see what they’re doing.
Just my 2 cents worth.
Luckily our Premier invests in New Zealand ……[baaa]… he doesn’t have to worry about any stamp duty taxes on purchase or sale. This maybe the way to go ?
