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    Melbourne: Has any suburb boom then busted?

    Yeh, this happened in Mulgrave about a decade ago. After our tenants had trashed the house, I did a major reno and we put it on the market. Sold it within 2 weeks of listing it, so was great. Now for a breakdown. In the Feb when I started the renovations, I had agents come out and for...
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    how long does your average tenant stay?

    I have marked 2-3yrs, as most of our tenants have stayed that long. Though we have had shorter, I have had one fellow in place for over 12yrs, he will be moving out come the end of this year. So it averages out around the 2-3yr mark
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    Holding a garage sale?

    If your a facebook person, I see a lot of garage sales advertised on your areas Buy, Swao & Sell sites. A bit more free advertising can't hurt.
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    Teenagers, Piercing and Tattoos

    I have a 'Not under my roof' policy for lots of things, tattoos, peircings (apart from 2 each ear) and plugs/stretchers are all for when they are out on their own and paying their own way. The two oldest have moved out of home and both have had tatts and son has plugs....am so lookiing...
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    Naive 21 y.o chasing advice

    I'd be setting up a good savings plan for those next 3 years. You say yourself, your hands are tied for 3 yrs come january, so unless you want to jump in NOW, I'd wait and save. Buy your PPOR first to take advantage of FHBG's and all your defence benefits. Just make sure before you buy...
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    Melbourne - Investment Night

    I wont be able to make it after all Wednesday....hopefully your next one.
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    Melbourne - Investment Night

    Would love to come along and drag my other half along. Gee skater, I thought you were in nsw, didn't realise you were a local, maybe we should start going to the monthly meetings.
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    A little tricky minor PM situation?

    Could you align a rental increase for the end of lease, the max you and pm think you could get away with at the tribunal. You could then either wait to get them out on late payments, or give them notice to vacate at the longest notice time, then keep taking them to vcat if they get behind, as...
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    aged 17 and keen to start

    Not sure what the restrictions are now, but back in my day as an army wife, if you owned a property within 30mins of the base (or there abouts) you would be expected to live in it, or pay higher rental rates with the defence. So I'd be looking into any restrictions like this. Check out your...
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    Baby Names - Michaela or Makayla

    I have a Mikayla here.... pronounced Mi-Kayla, she is 17 in June, and she was named from Dr Michaela Quinn medicine woman, and an old school friends little sister Mikhaela. When I had her in a small qld hospital, there were 4 other Mikaylas born, all with different spellings and variations...
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    Frankston: Hold or sell?

    I bought in Frankston North in 99 for 95k. It was freshly renovated at the time. That property is now and IP and has been for 10yrs, and worth around 230-250k in the current market. The market has slumped a lot with all the road works around the area for the new by-passes, but once they are...
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    Two land titles but cannot build

    Could you not provide access to the back block through the front block?? As you own both, one would think it wouldn't be too hard, but then I have also heard what its like trying to deal with some of these councils. I'd then look at designing the back property to have two front entrances as...
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    How to help 65-y-o buy house - innovative ideas

    Definately get all your bases covered, legal advice, exit plans etc, depending on what you eventually decide. I have no idea where your mums coming from, and where your at, so will take a few stabs in the dark. Your mother, coming from a rural area, may prefer to stick to the outer suburbs...
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    A shower room anyone?

    Technically the old houseing commission house I own used to have this set up, one room with bathtub and vanity, one with toilet and another with shower. The previous owner/renovator had turned the rooms all into one big bathroom and got rid of the bath...
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    Options for good tenant late with rent?

    Ok, if rents due now, and its month to month and paid in advance. That means that they are paid up to date, but will fall behind as the coming month proceeds. I'm not sure, but I think they have to be 14 days in arrears before you can issue a notice for them to be paid up to date in the next...
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    Name my business!

    What about Purple Property Services?? Management4U?? RentRite?? PropertiesDoneRight?? Thats a quick 5 min brainstorm, now I'll think about it a bit and see what else comes up
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    Name my business!

    So what services will you be providing, just property management, or listing rentals/leases/bonds etc.....finding houses to rent. Will you be location based or flexible? Will you also have a net business/website, so name needs to be memorable???
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    How do you cope with not being able to buy everything?

    It can be difficult. A few times I have looked at pushing my luck and trying to buy another property for our portfolio, but then reality steps in and I go back to just dreaming. I am however, going back into fulltime work next year, and as I will have a couple of months off over the next xmas...
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    Staging properties...by myself?

    I did the ebay thing to dress a few of mine. The key is to get the look you want. You will want a dining table and chairs that will fit, barstools only if you have a breakfast bar. A lounge (doesn't have to be comfortable, but looks right), lowline tv cabinet and maybe coffee table...
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    Shortlisting tenants

    I'd do a 6 month lease first, which gives you options. I'd pick 1 first (but I was a single mum and know a few, many budget better than those with money), then 3, as one is working and they still know to ask for financial assistance from centrelink and the brothers 3rd, lack of rental...
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