Recent content by thedon

Yes. Or post 50% (using the gst code) to expense and the other 50% to owners drawings assuming you paid it out of business expense account

I think a 10% increase is reasonable. You need to be getting at least a 8% return on your investment. I've always hiked my rents as much as possible and still had good tenants. Get no thanks for leaving it low in my opinion.

Are you serious? I'd hope to see a 10% return on my investments at current market value. I've been averaging 10% market increase in my rents to try and achieve this, I'd have to say I think rents are going to go higher....

Hi Go along and participate as you will get a say in what goes on! If I were you I would stay low key with the ideas on the first meeting and don't rock the boat. As for spending money my advice is don't scrimp, remember all the things the strata does is being split between all tenants so...

Hi I fixed for 5 years at 8% last year. Can't get out as you say without paying a huge break fee, but at the time I needed to know what my payments were on the IP as the amount of debt could have sent me to the wall. rates did go to over 10% for commercial loans and haven't dropped much yet...

I've been averaging 15% rent increase on my rentals in last 6 months. Still not a lot on the market when I check on realestate.com.au either so I can't see them dropping down anytime soon. This of course depends on the area and the investment condition!

Hi Just looking at refinancing a couple of loans I have approx for 500k, Bankwest have a product called rate tracker at 6.75% which is guaranteed to be 1% below the big 4. $350 app fee for each loan, after 2 years reverts to standard variable. Based on my existing rate of around 7.6% i think...

Hi Ask them to take it up with the power company to ak for a discount. I know the water authroity does this if there is a burst pipe. It's not your responsibility in my opinion. Don

Hi I'm not overly impressed with the work ours does so won't mention names. I think I pay about 7 or 8% management fee. Go to realcommercial.com.au and search for commercial property for sale in that area. Most of these agents will manage commercial for you. Regards Don

Definitely no GST on residential rent. If you were registered for GST then it is considerd an input taxed sale and shown at G4 on BAS (G3 if no G4 on your BAS!) Only GST on commercial rent. There is GST on the management fees and other costs though. Don

Win! Best ad ever /I'd lived in something similar when I was 25 and great party house for 2 and carton of beer!

Hi Yes good point. The 2 PM's that I use both seem to need a bit of encouragement. I think they just want the easy way out and not have to work hard for their commission! I always do the research and tell them what minimum I want. Don

Let me know to please as I've just started my first venture into commercial. Only site I've found for WA is realcommercial.com.au for whats on the market. By the way, Perth market seems to have a lot of demand in the CBD still left in it, we've had lots of enquires about leasing the newly...

If you are so worried about the $400 that it is costing you go get an equity loan and use that to pay the shortfall in interest on the property. If you have owned it already for 7 years then you will have heaps of equity. The interest on the equity loan is also tax deductible. Regards Don

Me and wife just switched to LOC to fund shortfall on our investments - we just had baby so her income is gone :( Have heaps of equity so this will work well, only needs to get about 2% growth on the assets to be miles ahead as opposed to selling.