Recent content by Wils

Could be. But the manipulative tactics like won't get the strata manager far. I have talked to other owners and they said they trust the guy even less after reading these emails - though it turned out only two people were actually reading his emails. If others are giving too much crap to one...

Out strata manager started sending the all EC member a weekly “words of wisdom” emails. Each email focuses on a single issue, but the implicit idea interwoven into the email is the “the other (not you, my dear reader) owners are greedy and selfish while the strata manager is in position of trust...

I see ... make sense. Until it becomes an IP, a property is not really an asset from the business point of view. But, in that case, why then some of the depreciation / QS companies say that they can backdate a report back to the settlement date, while other say they can only backdate two years...

As I am new to the depreciation schedule, would you shed some light on these things to me: *depreciation schedule report backdating. how does that work. If i bought a property 5 years ago (was my PPOR) and started renting out half a year ago - how much of the depreciation would I be able to...

Can you give a link to his profile in this forum or any thread where he posted. I tried the forums search, but it haven't got any results searching for "Scott/Depreciator". Thank you.

I've been doing all my tax returns myself for many years, but this year I rented out my place, making the tax situation a bit more complicated, so it better be handled by a professional. Hence, I am looking for a good accountant in the northern part of the Sydney, if you can recommend me one...

Got the reply from the agent, that everything was ok, except a one smallish mark (made by pen?), I asked for a photo.

I vaguely remember that when I was renting before (5+ years ago) agents were leaving some notes ... But this time there were not and I was not in during the inspection to ask. Could be that agents stopped doing this ... Did that, and got the reply saying: , I guess I would have to chase it up...

We are renting a house and a few days ago the agent carried out first routine inspection. What is the standard procedure after the inspection - will the agent send copy of the inspection results to us (tenants) too or only to the owner? Cheers.

What will the audit tell us (members of the Body Corporate) we don't know already? The financial records are difficult to read, one of Body Corporate members is an accountant and he confirms that. I am not an accountant, but even I can tell what if the income part of the financials is based on 9...

Are there some regulatory requirements for strata managers to keep the financial statements of property their manager in a up-to-date and easy to read state? At our last annual meeting me and other unit owners spent quite a fair bit of time trying to work out our next year budget. Only...

Aren't "tax refundable" and "a deduction" mean the same thing? e.g. if I spend $1000 on repairs - my taxable income will be decreased by $1000, which, if I am in the 30% income tax bracket will pay $300 less income tax, in other words - will save $300. Is it a "deduction" or "tax refund"?

Thank you for the explanation. I should have not used word "renovations", but not yet proficient with a real estate lingo. I was thinking about either doing some minor touch up painting on walls over small scratches and worn out areas, or perhaps even to re-paint the all walls. But if the...

We are considering to do a minor renovations before renting out our PPOR. If we are to do these renovations now, while it is still considered to be our PPOR, and rent it out two/three months later (the status of the property will change to IP) - would we be able to claim tax offset on these...

Is it a normal for a PMs to charge a 1/4 of weekly rent as a "Lease renewal fee" . I am comparing two "exclusive management agency agreements" now and one has it while other is not...