Recent content by RAAFie

Thanks for all the advice everyone. As it turns out when there once was not a potential tenant to be found, suddenly after one home open they are coming out of the woodwork. Crazy this land lording and stressful too.

I had a lease agreement with an agent and that expired about a month ago. Tenants moved out about same time. They have been advertising on internet for new tenants and having a few home opens with no success since mid July. Do I have to give them notice of my intention to drop them or can I just...

Thanks for the advice Tobe. I have a complication in that I have an IP in Perth and some equity from it will be used to support the loan from another lender for the new IP in Queensland. Two states and two different lenders. I am sure it will be drawn out. Just wasn't sure about that 5% because...

I am looking at doing a house and land deal in Queensland and have put a $1000 holding deposit down. The contracts are on their way. I live in WA. On the property information it states that land settlement will be 14 days after the registration and a 5% build deposit will be due. Do I have to...

Hi, Can anyone recommend a good PM for the Brisbane or north Brisbane area? I am building an IP in Fitzgibbon near Carseldine, but I am not a local, so have no idea of the good agents around that area. Thanks for any suggestions. Raafie.

Cleaner for IP Hi Octavius, I used a company called Gold Fern Cleaners from Cannington. They are on the web. Reasonable job for the $500. I would use them again. Regards, Raafie

What if that additional amount became part of the loan before the signup date? For example, a existing loan of 400k home loan + 30k topup approved by yhr bank in June. Then only on July 1st I sign a agreement to manage my rental property. Would I be able to claim the total loan of 430k for...

We recently signed with an agent to let our POPR and earlier in that week we increased our home loan by tapping into our equity 30K to help the in-laws out. We got verbal confirmation of the loan increase approval the day before we signed the agents agreement and on Tuesday of the new week got...

Property risk All of us on the SS forum/community who have been in property investment for a time will have heard and seen the good, bad and ugly stories of the bursting bubble, increasing unemployment and soaring interest rates. It just keeps coming and going and coming back again. It is par...

Yes, I believe that I have been miss informed. From other enquiries I have made they were speaking about the government cutting the letting fee for tenants to $50 and $100 respectively. It did seem stupid to cut the bond considering why it exists in the first place. But the WA government has...

Has anyone heard of this? I was told that in WA the government was talking about removing the 2 week standard bond in favour of a stepped scheme, that is, $50 bond if property rent $500 or less per week, and $100 bond if more than $500 per week. Is there any substance to this? :eek:

Thanks for all the advice. Redwing, we are looking at Beckenham because a friend has a 3x1 on a 811m2 block that he is going to sell in July as part of his retirement plan. It is one of his IPs and rents well, but will ultimately be a knock down job. I have to be honest and say that I had not...

Has anyone used Defreitas & Ryan for their PM? They charge a 10% flat weekly fee with no other management, admininstration or letting fees. Sounds too good to be true.

I was looking at buying an IP in the Gosnells shire but not sure which suburbs would be ok. Initally looking at Beckenham but state housing is sprinkled throughout. Any suggestions?

Thanks guys, It is interesting to know about the clay soils and sewerage issues. Hopefully there is not a septic tank that needs pumping out. I have never thought of Beckenham as an area that will skyrocket in value, as it not near any particularly desirable or expensive suburbs, has no...