Recent content by churchado

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    Can I go to Tribunal instead of PM?

    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...
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    If tenants behind in the rent does the PM still pay me?

    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...
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    Thoughts on Syd IP - Unit in Bankstown area and surrounds vs house out west/southwest

    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...
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    When to organise PM?

    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.
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    When to organise PM?

    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...
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    How do I make the figures add up?

    Yeah, there's minutes from the last AGM where they agree not to audit.
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    How do I make the figures add up?

    So you agree with my thinking that the two should agree?
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    How do I make the figures add up?

    I don't have a scanner. I put it on a spreadsheet file - attached.
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    How do I make the figures add up?

    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...
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    How much to admin fund?

    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.
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    How much to admin fund?

    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.
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    How much to admin fund?

    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...
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    Property Manager Lakemba

    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.
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    'One chance to make an offer' strategy

    I saw a show recently where an expert as used add 15% to the bottom end of the asking price.
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    Signing contract front page question

    So would most people would get terms negotiated with solicitors before signing?
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