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  1. V

    Nras RTO certificates

    Not really, I knew it was going to come eventually. Now need to find some time to do my tax return and claim it, hopefully next week. This financial year it will make absolutely no difference as I have amended my PAYGW. A nice relief would be getting all of my rentals (5) currently under...
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    Ellenbrook 1x1s

    Doesn't impact NRAS other than giving me an opportunity to extend the completion date to 30 October 2015. On 31 October 2015 my 10 years of NRAS start ticking away whether or not building has completed and I am claiming it. Yes will have to weigh up whether to select the builder myself or...
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    Ellenbrook 1x1s

    Quick update The builder fooked me around the last 8 months or so, made me pay an extra $16k for headworks which was included in the contract other they would do no more work, did no more work anyway and went into administration today :( The pad went down mid December, only water corp...
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    Nras RTO certificates

    Finally got my RTO certificate yesterday, with Qantum
  5. V

    How do you manage your properties?

    Main website I use is www.commerce.wa.gov.au, also check on TICA / NTD and cross check references provided using RPdata. Advertise in the paper and Gumtree.
  6. V

    How do you manage your properties?

    I think I can do a better job than a PM and save a lot of $$ at the same time. I agree things seem to happen in patches but it wouldn't be any different using a PM. I can go for months without do anything more than checking the rent has gone in (especially easy when tenants pay monthly, my...
  7. V

    Move in or allow tenant to stay?

    Are you sure you will be better off financially by moving? If you move you will not be able to claim all the expenses relating to the property as a tax expense (depreciation, rates, maintenance etc). This is probably worth more than $30pw.
  8. V

    Need devil's advocate for NRAS investment

    I disagree with this. To me there are lots of good properties out there and for me to pick one above the others it must have a good "bonus". Whether it be subdivision potential, under market value, high rent or NRAS. In saying that I wouldn't touch most of the NRAS properties I have seen. I...
  9. V

    rba cuts 0.25

    St George has only done the 0.25%, thought it might match Westpac at 0.28% http://www.stgeorge.com.au/personal/home-loans/manage/latest-interest-rate-change
  10. V

    New record? 39 page application to rent a property

    Yes it is NRAS but should still be much shorter than 39 pages. Can always get the selected applicant to do the stat dec etc, if necessary, when signing up the lease.
  11. V

    New record? 39 page application to rent a property

    I don't think I should post it online. Can be broken down to: 1 Page Consent 1 Page Checklist 9 Page standard REIWA application form 6 Pages of their standard annexures to lease agreement 8 Page Income Questionnaire 10 Page NRAS Consent & Demographic Assessment 4 Pages of Stat Dec &...
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    New record? 39 page application to rent a property

    The property manager has been blaming the blinds looking ugly for people not submitting applications (had 10 groups take applications in the first viewing). I think none can be bothered filling in the application. I said I would do an open on the weekend (to try and get groups through that...
  13. V

    What's your average rental return?

    How about NRAS? Include discount rent, discount rent + NRAS credits or market rent.
  14. V

    What's your average rental return?

    Original return based on 105% of original purchase price or current return on current market value?
  15. V

    what is your "why"?

    So I can go fishing :D
  16. V

    Second hand NRAS property

    It is in Perth, WA I believe they are allowed to adjust the rent based on a formal valuation 6 monthly or yearly. Yes it was my first, got 4 more in the construction phase. http://somersoft.com/forums/showthread.php?t=104451 Haven't got mine yet. Not as fussed going forward as...
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    Second hand NRAS property

    Should also mention that the property manager has just put the rent up $21pw (so $46pw increase in total in less than a year we have had the property) we have just started advertising the property to find a new, tenant, as the current tenant is leaving in a couple of weeks. The first viewing...
  18. V

    Second hand NRAS property

    There wasn't room to negotiate on this deal but was well priced to start off with (cheapest 3x2x2 in the area). Legal paperwork was easy. Just sign the agreement with the consortium and chose a property manager approved by the consortium (there was about 5 to chose from).
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    Second hand NRAS property

    I bought one with 7 years remaining, already tenanted. Numbers stacked up and location was good. So far so good
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    What is your strike rate for offers / bids? Read rules below

    EG: Have submitted offers / bids on 10 properties and purchased 7 of those, you would have a 70% strike rate. Just wondering what % of offers/bids submitted are successful Generally once people have done their DD and put in a offer / bid do they lift their offer / bid to get the property...
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