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  • Profile photo of Jacqui MiddletonJacqui Middleton
    Participant
    @jacm
    Join Date: 2009
    Post Count: 2,539

    I'm definitely a landlord that does xmas gifts.  Interested to see gift ideas other people have (for tenants).  The more thoughtful or unusual the better!

    Last year I did a package of their favourite beverage, some chocolates, and a ticket to go on a scenic 40min cruise.  I gave this to each tenant in a unit block and it worked out a bit like their own personal xmas party.

    All ideas welcome on this thread !

    Jacqui Middleton | Middleton Buyers Advocates
    http://www.middletonbuyersadvocates.com.au
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    VIC Buyers' Agents for investors, home buyers & SMSFs.

    Profile photo of DubstepDubstep
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    @dubstep
    Join Date: 2012
    Post Count: 395

    Hi JacM,

    Do you have a property we could rent from you.

    Your great  !

    .

    Profile photo of TerrywTerryw
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    @terryw
    Join Date: 2001
    Post Count: 16,173

    Ah, give em a new deposit book to make it easier to pay the rent!

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
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    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of Jamie MooreJamie Moore
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    @jamie-m
    Join Date: 2010
    Post Count: 5,069

    A bunnings voucher – hopefully it will be spent sprucing up the property :-)

    Movie tickets are an obvious choice.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
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    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of DWolfeDWolfe
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    @dwolfe
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    See I like to give pressies to my property managers and agents………

    Target last year had some good small sized hampers.

    I've bought those flower arrangements that come in boxes before too.

    Geez JacM, you've made me think now!

    Cheers

    D

    DWolfe | www.homestagers.com.au
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    Profile photo of wendywoowendywoo
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    @wendywoo
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    Can you claim presents for tenants as a tax deduction?

    Profile photo of TerrywTerryw
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    @terryw
    Join Date: 2001
    Post Count: 16,173

    possibly

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
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    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of Jamie MooreJamie Moore
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    DWolfe wrote:
    See I like to give pressies to my property managers and agents………

    Same – particularly at the start of the tenancy. We self manage and find that a bottle of bubbly and a box of chocolates builds some great rapport early on.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
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    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of jmsracheljmsrachel
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    @jmsrachel
    Join Date: 2012
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    Giving out presents to tenants is a good idea but you wouldn’t want to become mates. Makes it harder if things go pear shape later on.

    Profile photo of PLCPLC
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    @plc
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    The lease for one my tenants runs out in December. Their present will be a rent increase :)

    Cheers

    Tom

    PLC | Phoenix Loan Consulting
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    Profile photo of CatalystCatalyst
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    Join Date: 2008
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    JacM wrote:
    I'm definitely a landlord that does xmas gifts.  Interested to see gift ideas other people have (for tenants).  The more thoughtful or unusual the better!

    Last year I did a package of their favourite beverage, some chocolates, and a ticket to go on a scenic 40min cruise.  I gave this to each tenant in a unit block and it worked out a bit like their own personal xmas party.

    All ideas welcome on this thread !

    How many of these Christmas presents are we talking about? that certainly adds up in a hurry.

    Profile photo of Richard TaylorRichard Taylor
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    @qlds007
    Join Date: 2003
    Post Count: 12,010

    Oh Jac is far too generous in my opinion.

    I am with Tom and Terry (Not Jerry) might extend their lease by another 6 months without a rent increase if they are well behaved.

    Of course my wife would give them 3 months free rent but that's why i look after the properties.

    Cheers

    Yours in Finance  

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
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    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of Jacqui MiddletonJacqui Middleton
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    @jacm
    Join Date: 2009
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    4 last year.  It'll be 8 this year.  I think about $30-$40 per tenant is appropriate.  The total cost to me this year will be less than 2 weeks rent for the lowest-cost dwelling I rent out.  A nice gesture that builds goodwill and long tenancies.  When considered in the context that my tenants last year literally helped with with a reno (I had zero tradie skills at the time, and they enjoyed getting involved and making friends with their neighbours) it would have been rude and taking the mickey not to give xmas gifts. 

    Jacqui Middleton | Middleton Buyers Advocates
    http://www.middletonbuyersadvocates.com.au
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    VIC Buyers' Agents for investors, home buyers & SMSFs.

    Profile photo of Jacqui MiddletonJacqui Middleton
    Participant
    @jacm
    Join Date: 2009
    Post Count: 2,539

    Ah Sir Richard you see I think differently.  I am a numbers person.  I won't be forfeiting the rent increase and calling that a xmas gift.  A $10 rent rise equates to about $7500k more loan serviceability ($10*52/0.07).  Spanned across 8 tenanancies that's about $60k more cashola I can borrow, just by doing the annual rent increase.  I'm not in the business of giving xmas gifts worth $7500 to tenants…. 

    Jacqui Middleton | Middleton Buyers Advocates
    http://www.middletonbuyersadvocates.com.au
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    VIC Buyers' Agents for investors, home buyers & SMSFs.

    Profile photo of boney breamboney bream
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    @boney-bream
    Join Date: 2011
    Post Count: 22

    I did give my tenants a carton of beer and a bottle of bubbly as a gift.  They have been great doing odd jobs at no price.

    Can this be tax deductible (Terryw), they probably saved me $500 in costs.

    Profile photo of TerrywTerryw
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    @terryw
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    boney bream wrote:
    I did give my tenants a carton of beer and a bottle of bubbly as a gift.  They have been great doing odd jobs at no price.

    Can this be tax deductible (Terryw), they probably saved me $500 in costs.

    You will have to substantiate why it owuld be deductible. Possibly it could relate to expenses incurred in producing an assessible income.

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
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    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of Richard TaylorRichard Taylor
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    @qlds007
    Join Date: 2003
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    If i fall on hard times i am moving down to Vic and renting one of Jac's properties.

    She sounds like the dream landlord.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of TerrywTerryw
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    @terryw
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    Me too!.

    I hear she even gives back rubs on Wednesdays to each tenant and cooks them a meal on fridays.

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
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    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of DubstepDubstep
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    @dubstep
    Join Date: 2012
    Post Count: 395

      Back rubs, 

    That's a nice touch Jac.

    Profile photo of JT7JT7
    Member
    @jt7
    Join Date: 2010
    Post Count: 286
    JacM wrote:
    Ah Sir Richard you see I think differently.  I am a numbers person.  I won't be forfeiting the rent increase and calling that a xmas gift.  A $10 rent rise equates to about $7500k more loan serviceability ($10*52/0.07).  Spanned across 8 tenanancies that's about $60k more cashola I can borrow, just by doing the annual rent increase.  I'm not in the business of giving xmas gifts worth $7500 to tenants…. 

    Hi Jacque…

    That's sensational…love those numbers!

    Jack 

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