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    Is there a better way to manage my finances?

    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...
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    Notice to Vacate ACT

    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
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    Notice to remedy - rent in advance

    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...
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    Tax deductions while property is an IP

    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...
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    Who would u Choose?

    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...
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    Laundry to bathroom conversion

    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...
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    Claiming stamp duty versus paying CGT...

    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...
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    Newbie needing advice on IP#3

    Well, I have finally worked up the courage to join this forum – no longer living through my husband’s posts… I hope he likes my username:) I’ve just been talking to someone who has given me some fantastic advice, but I’m a bit confused about some aspects of it. Here are the details Our...
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