Search results

Hi all, Question for everyone, because I seem to be forever emailing my PM trying to figure out what's going on - this is my first IP, and everything is new to me! My old tenants recently vacated my property, and it was vacant from the 9th - 17th. On the 18th I had a new tenant move in...

Hi all, Have gotten an email from my PM, telling me that the tenants are having issues with the ducted heating. They say that it is not working properly as it turns on then turns off at the main unit in the ceiling and the tenant has to go and turn the switch on at the main unit to get it to...

Hi all, I'm new to the IP world, and have been renting out my first house for about 8 months. I have a PM that I chose based on others recommendations. The rate is a little higher than others in the area (8%+GST, SE Melbourne) but based on the personal recommendations I decided to go with...

Hi all, I've now had my IO loan for 8 months and I'm still having trouble understanding the repayments, specifically how much they should be. The loan is for a little over $250k, over a 30 year period with a 5 year IO component, interest is currently 7.3%. It has a 100% offset account with...

Hi all, Just wanted to clarify something so I've got it right in my head :) Went to the accountants today for the first time ever, having purchased my first investment property earlier this year. With the paperwork that my accountant prepared, I can see where all of the various expenses are...

Hi guys, Just after some advice. I purchased a property in January this year, and I've just received the rates notice. It lists a charge for the rates, a "Garbage Charge" and a "Green Waste Charge". I know I need to provide a "Garbage" service, but do I need to provide a green waste...

Hi all, A big year for me this year, I purchased my first IP, and it will be my first time using an accountant. Prior to the purchase, my taxes have been super easy (basic income, very little deductions and offsets) so I've always done them myself. I've decided to have an accountant do my...

Hi all, It's just been pointed out to me that when I purchased my first IP back in January, I should have arranged for a depreciation schedule to take place... Have read a bit about them now, and have a few questions: - what's a rough price on getting one done (8yo house, SE Melbourne)? -...

Well, settlement went through today on my very first property and I've been looking at some of the figures. Bit annoyed at $70 worth of bank cheques (I was under the impression it would only be 3 bank cheques but it turned out to be 7). But anyway... The only thing that I can't figure out...

Hi all, My first time dealing with all this - my first IP's settlement is at the end of the week, and the real estate agent mentioned at the time of sale that the vendor may be interested in renting the property. The real estate agent has now come back to me and said that they are definitely...

Hi all, In the midst of sorting out my first IP (scary!) and am starting to organise who I want to manage it. Is there a thread in here somewhere that I'm missing, that goes through this stuff? Basically, I'm wondering things like: - what kind of fees am I looking at (it seems to be around...

So, I've just been told that the finance has been approved for my first (ever!) property :D Loads of questions, but the first one is about home & contents insurance. I've been told that I should get the insurance taken care of asap, so I'm looking around, but I'm not really sure what I'm...

Hi all, I've been reading the forum with interest, there is so much information here. I'm currently trying to sort out myself out to purchase my first investment property. I'm still living with the folks, and have enough saved for a deposit, so I'd like to try and get an IP or two sorted...