Recent content by Daredevil

Ok, got it.... I am going to contact BMT now, Thanks everyone.

Need to re-post on this thread, One more question about using the previous owners Depreciation Schedule, There is a option of using either "diminishing method" or "Prime cost method" at the start but needs to follow the same method after that? So the question is do I have to know what...

Thanks guys great advice all around, no it is not greatly positive geared, just about neutral geared, so advice i will wait and see

on my recent purchase settlement was due on 13/03 but it was delayed by the Vendor's conveyancer saying the vendor has done a recent refinance and new bank hasn't got the loan documents yet. My conveyacer is under the impression that I and not loosing anything due to the delay so nothing to...

Hi wylie Do you use a company and if so what is the name of them, I will see whether they operate in Melbourne, This is a company arranged by my PM basically $79+GST only covers the visit and checking, any replacement parts we have to pay

Thanks for all the replies, I will give a BMT call to see.

I just signed for the fire alarm service by company called SmartHouse Fire Solutions through the Agents, $79+GST annual fee plus $29 per battery replacement, bit expensive than me changing batteries but given the peace of mind I dont mind that expense.

Thanks datto There were no new additions just stock standard from the first day. My 3rd question specifically was if I get the depreciation report done in both names some of the assets will fall under less than $300 and can be written off or less than $1000 pool (given asset value divided...

I have recently purchased a 3 year old property, previous vendor provided the Tax Depreciation Schedule he has obtained (Done by BMT). 1. My question is can I use the same 2. Is there any advantage of getting a new one done at around cost of $700 3. If the proper is under both myself and...

Thanks for the info, I am meeting them next week to discuss, I will make sure I keep these in my mind

Thank all for the forum posts and private messages, it was a great help, All going smoothly and settlement is mid next month Landlord insurance is with EBM thanks brettc for help Did building and pest and all good Waiting to get a time with tenants to do a depreciation schedule...

Hi Guys I just purchased my first investment property and went on having a chat with different PMs, there is so much difference between the quotes, commission varies from 5%-9% (plus GST) based on the quotations i got so far and even withing the same agent there are different options. So is...

Hi All I have been following this forum for long time and this is the first post, I just bought (contract signed) my first IP in Cranbourne North, and it is currently tenanted (month by month basis). I am totally new this and I want advise what steps to follow from here? 1. How soon I...