Recent content by Magsie

  1. M

    Is Negative Gearing Allowed On Overseas Properties ?

    I found this post through searching for the answer myself and thought I'd pass on the info the Tax Office told me verbally today. Yes, if you take a loan for overseas property, the interest of this investment loan can be offset any rental income you receive. Again, this was verbal advice so...
  2. M

    Substation

    In my personal opinion don't take the risk. My brother-in-law died of non-hodgkins lyphoma and I'm sure it's because he had one of those mini subs on a pole just outside his house and for years he slept in the front bedroom just a few metres away. On Four Corners recently this topic was...
  3. M

    best landlord insurance?

    We self manage units and use Westpac. Quite early on we had to make a claim and they were excellent. You can pay monthly with no penalty and they were competitive when we shopped around. We have stuck with them.
  4. M

    Need good PM on Sydney's Northern Beaches

    I think Alabex is an Agent on the Northern Beaches and has given me good advice.
  5. M

    Tenants ringbarked trees

    My husband goes over to tend the courtyard with the numerous plants himself, and cuts out what is dead and rescues/feeds/waters what he can. Plants are expensive and are a feature of this particular IP, but unless the actual pots are missing, it would be hard to claim dead plants out of the...
  6. M

    Advice on self managing

    I can't offer any advice on how to extricate yourself from your contract with your PM, except of course to look at your contract (I think ours is 30 days notice). I can highly recommend self-managing. We have one property that we use a PM for (useless and we are currently taking the tenant...
  7. M

    Any Advice you can give on NSW Tribunal?

    Thanks Thanks for your advice guys. Definitely NOT going to use this Agent after all this. Don't really want Agent at Tribunal as communication skills are poor. So you think that the Agent is incorrect, saying the Tribunal won't make a decision and will make us go away with another...
  8. M

    Any Advice you can give on NSW Tribunal?

    Hello Was wondering if anyone out there has experience of a NSW Tribunal and what to expect. Our Tenant (now squatter), has now not paid rent for 8 weeks, was given a 60 day Notice (for no reason) to vacate on 5/2/2008 (he was paying rent weekly and very late) then when he was 14 days over...
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