My tenant is behind in rent and looks like she is going to move out so there's a date set at the Tribunal for 13 August.
To avoid the fees involved with the PM going to the Tribunal, can I go instead? I actually work in the same building and could just nick up there during work time.
I'm...
This is probably wishful thinking on my part...
My tenant is currently behind in the rent and have been issued a notice by the PM and the PM has advised me they will be catching up shortly (although it has now been about 3 days and still nothing). I am due to be paid by the PM today for rent...
Lakemba's on the up IMO. Stigma is disappearing and a few friends of mine have just bought there after living in inner west. That's only going to continue what with the insane prices for units and houses in Matrickville and surrounds which will eventually change the demographic and push values...
Current tenants were described by the PM as "less than desirable" They were also paying about $40-50 under the market rent so would have been hard to raise it to what we want.
My partner and I just bought our first IP and it will be settled in the first week of February.
It's currently tenanted but we have asked for vacant possession so we would obviously like it to be rented ASAP after setllement (give or take a day or two for claning/minor repairs etc).
When...
I have a strata report for an investment property unit we are looking at and can't make sense of the Balance sheet. (and I'm an accountant!)
There's two areas: Owners' funds and then there is an area under that which says "Represented by:" which lists assets less liabilities to give net...
I have the minutes of the last AGM (provided in the strata report I purchased) - They talk about "the attached financial statements" being adopted but are not actually attached.
There's nothing specific in the AGM minutes that seem to refer to any upcoming issues. I have tried to get some info from the strata manager but am getting the run around. I asked the vendor's real estate agent to ask for information but he is referring me back to my solicitor.
Just got a strata report for IP unit we are about to buy.
Strata is high - and the majority of it is going towards $25000 p.a admin fund (+$1000 p.a in sinking)
Total expenditure in the last 6 months is only $5000 so I'm trying to work out where the other $20000 is going to go.
Also, if...
Probably too late to reply to this for you but I know Knapton RE have been the local real estate agents there for many many years so maybe worth checking them out. They charge 5.5% management fee but don't know much more info about them.