Recent content by Tyrael

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    Advice please

    Absolutely. We have it clearly written into the tenancy agreements that tenants are responsible for the return of all keys and that failure to do so will involve all property locks being re-keyed at Tenants expense. If they've lost one I wouldn't normally have rekeying done until they vacate...
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    Advice please

    This is why we have started Restricted Master keying all of our properties. Our Master Key will open all properties but the key tenants are given will only open that particular property. Doesn't cost that much to do and ensures that copies of the key can not be cut (illegal for a locksmith to...
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    How to treat money received from renting rooms in PPOR

    Centrelink will treat 70% of the income received from lodgers as income. If they can prove expenses (Tax return etc) they may be able to partially off set the income being assessed for income support purposes with allowable deductions. For full Board and Lodging Centrelink treat 50% of the...
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    Melb / Tas for the weekend.

    Definitely want to do MONA. You could quite easily spend an entire day there very easily. If vineyards are your thing I'd suggest either Homehill Winery or Meadowbank (Meadowbank do have delicious duckfat roasted potatoes :) ) I'd normally also suggest Port Arthur however with the recent Bush...
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    Gagebrook

    There is a high volume of residents on welfare payments and high unemployment rate in the area so be prepared for a tenant that will spend their Centrelink payment on Bundy and coke rather than pay the rent, Gagebrook has a high crime rate including property vandalism and arson (I can recall...
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    It's a girl

    Congrats on the arrival of your daughter. Now you'll just need to order your shotgun and rocking chair for the front porch and put bars on the windows :D
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    Couple of nice little purchases!

    Yep about 15-20 minutes from the CBD in Hobart. Developer has finished 10 of 36 Villas as part of a new development and was able to score some. Should be some more on the market fairly soon but unsure on pricing of the newer ones. Already being sorted out :)
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    Couple of nice little purchases!

    Just picked up two brand New Villa Units for $225,000 each. Negotiated a further $5,000 cash back on each villa upon contract completion effectively making the purchase price $220,000. Even before cash back and depreciation is taken into account they will produce a 6.9% return and to top it off...
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    Rent too expensive for unemployed: report

    To be honest Fifth I would have to disagree with this statement. Now I fully realise that there are a number of people who are unable to work due to Age, Health or a Disability of one form or another and I do believe that they should have the support of those of us who are able to work. However...
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    friendly Westpac banker offers me 0.85% discount

    Ouch! good or bad? True but there is a massive list of eligible super funds: http://www.mebank.com.au/personal/home_loans/super_funds.html
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    friendly Westpac banker offers me 0.85% discount

    6.49% variable with Members Equity if you qualify for the Member Package. http://www.mebank.com.au/personal/home_loans/packages.html
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    Best Landlord Insurance?

    I have found AAMI to have quite good Building and Landlord cover for Houses. They will cover up to 13 weeks of rent arrears (excluding the first 4 weeks rent) and have found them to be excellent to deal with. If you have a Unit/Villa/Townhouse etc tho they don't do Strata Insurance of any kind...
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    Strange rental request?

    Scam watch is probably the best place at http://www.scamwatch.gov.au as well as Gumtree themselves.
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    trusts

    Get a copy of Trust Magic by Dale Gatherum-Goss. Gives an excellent insight into the various trust structures available and tax implications that are inherent with a trust. Very good for the layperson with little or no knowledge or even the more experienced amongst us. :) Check out...
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    Strange rental request?

    Definetely a scam. A friend of mine got stung with something similar after refusing to take advice and lost $2000. Never pay bond directly to the "landlord" and never ever ever use Western Union to transfer funds. Always pay directly to the relevant state rental bond authority and usually only...
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