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Hi, We have an IP in a duplex (in QLD) ie we own half of the duplex. At the moment the Duplex is setup with a body corporate and we currently have a body corporate manger. As it is only a duplex I am considering talking to the other owners and see if they are willing to self-mange the it...

Hi, Is it possible to rent out your house to relatives but significantly under the market value? What would the tax department say? For example, we have a townshouse that currently rents for 475/w but I am considering renting to my parents in-law for around 300/w. I still need to check how...

Hi, We have an IP in a duplex which has a body corporate setup. It was agreed that a Workplace & safety report should be obtained for the duplex. It has now come back with some minor issues such as the hose should be rolled up as it is a trip hazard. Another issue was that our tenant has a...

Hi, We are some issues with our new IP please see here http://somersoft.com/forums/showthread.php?t=81779 My question is though – is it my responsibility to chase the builder up for defects etc or is that part of the property managers role? Thanks, johk

Hi, We settled on our IP in July this year and had a tenant moving in straight away. The property was brand new. During the weekend the tenant smelt a funny smell from the kitchen exhaust fan. When they had a look a plastic cover had fallen down and was lying on top of the light bulbs. The...

Hi, A few months back it seemed the generally consensus was that we would have another rate cut in the near future. I was wondering if that is still what you reckon or has the market outlook changed? Thanks, johk

We are about to settle on our first IP and met with the real-estate agent who is going to handle the rental. She mentioned – according to QLD law we have to get Public liability insurance that have a min. cover of 10M dollars. Is the public liability insurance generally part of the Landlord...

Hi, I am trying to get my head around how calculate my income if we have a negative geared property. Any comments on the workflow below is much appreciated. When I calculated the income tax I used the calculator on this site http://www.paycalculator.com.au/ Total loan amount including...

Hi, We have been looking at buying a townhouse as an IP. For units/apartments the sewer and water charges are aid by the owner but “someone” told me that for townhouses the tenant are paying for them – is that correct? Thanks j

Hi, We are considering buying a new house "of the plan" and rent our current Townhouse that we bought 2004/2005. One criteria for us is that we don’t want be more "out of pocket" than we currently are. We know that we would be able to get 590 p/w for rent as other townhouse in the estate are...