Recent content by james55

Thanks for the tip! I will get it checked.

No it won't be ongoing. The granny flat will be finished soon but a separate meter is the best option here as we would need to install it anyway when we rent it out.

Yeh I know but I can't be bothered going back and forth about it. It could escalate to the tribunal and they will rule in favour of the tenant. Better to just settle the matter and then maybe increase the rent later to recoup costs :)

Thanks Nek and Paul. Yeh I've agreed to difference from their previous bill as they weren't living there the same time last year.

Yeah I can ask the tenants to be a silent partner in that business. Beats being a landlord :D

I just got in contact with my builder. He said there's no way they would've used that much electricity as concreting was done in 1 day for the slab and the tradies use there own battery powered tools. Brickwork was done in 2 days. Anyways you live and learn. The tenants were pretty good so...

Thanks for the replies everyone. I will get a meter installed and see what we can work out regarding the bill. It's a small cost in the scheme of things but I hate being taken for a ride so had to check with you guys.

When we started building the granny flat there was already a tenant in the main house. The builder could not get the electrician in to install a separate meter before building commenced so we negotiated $200 to cover electricity and water to be reimbursed to the tenant for the usage. We thought...

Sounds like one of my previous tenants. Similar story, single mum 3 kids. Only the son works, the other 2 were teenage girls. They were of Italian background too! They lived there for 6 months I think but decided they can't afford to pay anymore and just moved out and dropped the keys off with...

Hi Simon, do these student rental properties require council approval? If so is this one approved?

Paul, probably the best way is to compare it with similar properties without a granny flat. Ie 2 bedrooms on 920sqm with similar quality of accomodation and street appeal. Assuming the valuer has valued it correctly then the difference would then be the value of the granny flat.

I've recently had a valuer come back a week later to inspect the granny-flat as they weren't home when they got there. It ended up taking 3 weeks to complete the valuation. The property was purchased with granny flat in place (unapproved) all I did was get the paperwork for the approval. The...

I'm guessing he's referring to an electronic valuation. They do it on the computer.

Why do we need an agent when selling when we don't need one when buying (well most of the time anyway)?:D:D

I thought the topic was a typo for ' How much is your Net worth' lol