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Hi all I own a few IPs and I'm looking for a better way (or a better spreadsheet) to manage my income and expenditure. I would be interested to hear how others on this forum are managing theirs. At the moment, I have a spreadsheet which I've separated into fortnights (each fortnight being...

Hi all Does anyone know where I can find a template for a 'Notice to Vacate' in the ACT? Finding the 'Notice to Remedy' was not a problem... Thanks Nadja

Thanks Lura. The tenant paid two weeks rent and then immediately started paying rent the day they moved in. I am definitely going to take your advice - the next time I sign up a tenant the two weeks in advance will be used for the first two weeks of rent. This way, when the tenant is...

Thanks, I rang the tenant on Wednesday - they promised to transfer the rent on Thursday and there is still no money in the account. I guess, seeing that the tenant paid two weeks rent in advance I will have to allow three weeks to pass until I send the notice to remedy. I am going to notify...

Hi all I'm self managing a property in Canberra. The tenant is 6 days late in rent and I'm preparing to send out a notice to remedy - which I understand can be done on the 8th day of rent being overdue. I just remembered that the tenant paid two weeks rent in advance when the lease was...

Hi guys, If I purchased an IP in May 2010 and (during the tenancy): • replaced the flooring (carpets were badly damaged) • installed ducted heating (there was an unapproved fireplace beforehand) • replaced the oven/cooktop (original required replacing) Would I be able to claim all of...

We used Facebook and google to check potential tenants for our rental property - some people sounded really nice on the phone but once we 'facebooked' them they were taken off our list of potentials. Of course, we also ended up using the good old telephone to do reference checks. I We've...

Thanks guys! I should have mentioned that I might move into the place in a years time so stability isn't a big issue at this stage (for me).

Hi guys I have choice between two tenants for a three bedroom one bathroom house. Who would you choose? Tenant one Mum, dad two teenagers High income Good references Looks very respectable/responsible - lovely people Tenant two Single guy Self employed tradesman - very high...

Hi Andrew Maybe its a good thing that you aren't moving in with the in-laws...it could have been very stressful. If there's room you could always rent out one of you bedrooms in your PPOR. We did it for two years but our house was perfect for it - two bathrooms and two living areas. The...

Thanks guys - such great ideas! There's already a sliding door in the family room leading out onto the covered paved area. I love the idea of having the laundry in the little nook in the family room - there's currently a fireplace there but it's being removed (for insurance reasons) because...

Hi all I have a three bedroom house (112m2) with a two-way bathroom. The house doesn't need a lot of work but I'm thinking of converting the laundry into the main bathroom and the current two way bathroom into an ensuite. Here is a floor plan - what are your thoughts? I guess I would...

Hi guys - sorry for the late response I had stopped watching this thread. We are paying principal on our current PPOR. When we bought the property we were finding it hard it get finance because we had only been back in Australia for about three months and were both still on probation. We are...

Sorry guys, I’ve made this question more complicated than it needs to be. 1. If I purchase a property and make it an IP from the start. 2. Then move into it after 6 months. 3. Live in it for the next 10 years and then sell it. 4. Will it be CGT exempt?

Hi guys, I have an issue that I’m trying to get my head around. I’m purchasing a property in the ACT. The intention is to make it an IP for the first 6 – 12 months and then move into it. I’m doing this so I can claim the entire amount of stamp duty at the end of the 2009-10 financial...

He works for the Government but not really in a financial role. Property, particularly the financial side of things, has become a bit of an addiction for him :)

Hi guys I’m 27, the aim is to have eight properties by the time I hit 30. In late 2007, after being overseas for two years my then partner (now husband) and I bought our first PPOR (three bedroom townhouse in Canberra). At this stage our only aim was to pay off this PPOR as fast as...

If you can pull a beer then a sports club is a great place to work. I'm not sure what the wages are like in Brisbane but a good community sports club in Canberra pays between $17-$32 per hour depending on the time and day of the week. It's a fun too. Most of my close friends are people I...

The Canberra market is definitely very hot at the moment. My husband and I just purchased IP three which will eventually be our PPOR. It's an 'entry level' home and they took over 100 people through it over two days. Thirty-five offers were put forward. It was put on allhomes on a...

Thanks Jo, I had heard about the six year rule but I do need to investigate it further. I am buying elsewhere. I intend to treat the new house as an investment for the first 3-6 months so that I can claim back the stamp duty. The new loan is being set up interest free with 100 per cent...