Recent content by Mikeyman123

Hi guys, Just started a lease and the property manager has given 1 set of door keys with "restricted" on it when there are two tenants under the rental agreement. Tried to get another copy done at the local locksmith and the guy said they can't do it, need to get landlord signature etc...

I just noted that the ground isn't completely flat between the two sections where the arch is, so it might be odd the smaller room has a section that's higher if I move the wall completely.

Good tip - do you have a rough estimate on cost?

Hi Guys, I've got a good sized bedroom that has an arch in the middle, which I think is large enough to be converted into two rooms. Was just wondering how much would it cost to install a wall or partition to where the arch is? There are two doors to the current bedroom so entrance isn't an...

I've got no expertise or experience in developing, and pretty stretched with financing it at this point in time. Figured I can create value by obtaining plans, hold and then sell it to someone else later down the track. The issue I think is that it's a 2 bedroom (although 2nd one is quite...

Hi guys, Few months ago I purchased a 2 BR house on an ~800 square meter block in Thomastown, Melbourne (500 meters from the station). The property settled in June, and came with a tenant family that had been living there for over 4 years which was fine as I wanted to keep them on.. Long...

Given the property is in a rather rough but livable condition. How does one prove any incremental damage a tenant does from now going forward? Will the new PM take a static 'snapshot' of the condition the property is in? Cheers

You're right. I'm better off not asking them to sign a 12 month contract and leave it as a month to month. If they've been there for multiple years and have stayed - why bother them. My time frame for this house is around 3-4 years before I make a development decision. My question is - At...

Good responses. This is actually a development block so I would have liked to get the income secure from day one and keep any additional cash outflow minimal. If I hadn't asked about the 12 month contract hey would have definitely kept quiet about the long list. I wonder how long they have...

G'day fellas. This is actually all pretty interesting. To put it into perspective, The family of five (3 primary school aged kids) haved lived there for almost 4-5 years. It is a 2 bedroom house and I believe only one is working. As mentioned earlier, they came up with the list because I asked...

He offered 5.5% inc gst. From my experience that's around the lower end but not sure compared to the area for melbourne northern suburbs. Cheers

Appreciate the input from all of you. Agent called back saying the owner will not fix it between now and settlement. I originally asked the tenants to sign a 12 month lease. They came back with we're planning to move out because it's old and run down etc. Agent asked - what would it take...

Hi guys, I have just recently purchased a house with an existing tenant. The settlement is in early June so I don't own it yet. The agent that sold the property has taken over the property management and called me to say, the tenant wants me to fix various issues including water leaking in...