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I am taking over as PM of one of my IP's. Can someone please advise me if I need to provide the tenant with my address details, or is it sufficient for them to have my telephone details and for me to arrange to pick up any paperwork that they need to send to me? Regards Andrew

I am considering managing my own property. I have a rather basic quesiton for those out there who manage there own properties. How do you find tenants? Where do you advertise? Do realestate agents offer a service where they will find the tenant for you for the usual fee, or will they only...

If I move out of my ppor and turn it into a rental property, can I claim the usual repair items as expenses as with normal IP's? What about items such as replacing carpets (which I would have thought would be a depreciable item)? What restrictions would I have if I return to live in this...

I have had a carport built that is attached to the house three years ago. I have a copy of the building permit. I am now selling the house and my conveyancer tells me I need a copy of the final inspection. I contacted the builder, who now tells me they only do a final inspection when one...

I was wondering if someone could help me understand family trusts. If I had say $50k in a personal bank account, and transferred this money into a family trust that I had previously set up, can I at a later stage get some of this money back, say $25k without any problems in respect to my...

As winter is approaching, it has come to my attention that the gas space heater in my IP is in need of either repair or replacement. I am wondering what the best solution to the heating needs might be. I have had a tentative price on a replacment gas space heater of ~$2k. A gas wall furnace...

I am considering refinancing my Investment Loans, and would appreciate opinions as to a couple of issues. Currently I have three loans. Bank A is a home equity facility (on PPOR) with money from this used as a deposit on two IP's. Bank B is a seperate loan for IP 1 I/O Bank C is a...

I am looking at tiling over a concrete floor which is uneven. What techniques do people know of for achieving a level surface? I can appreciate laying sheet flooring, but how do you ensure a level base? I would appreciate your feedback. Regards AndrewS

I have detected some cracking in brickwork of a newly built IP I bought 1 year ago. Also some evidence of damp brickwork. As this is under builders gaurantee (HIA), who do I contact? The original builder, (to have him potentially deny liability) or someone else? Regards AndrewS

Am I being too optimistic in expecting the tenant to maintain the garden beds of my unit. They are only small with few plants? The Residential Tenancy Agreement which they signed contains the following clause: 31. "The TENANT agrees to fully and regularly maintain and water the garden area...

I thought I had read somewhere that if your solicitor provides a breakdown of his fees, that some of these may be claimable in the current year instead of offsetting it against a capital gain when we sell. can anybody enlighten me further on this issue? Regards AndrewS

I wonder if someone could please explain to me what implications there are if the bank valuation of a property for the loan approval is less than the purchase price of the property? Do you think that a valuer from Melbourne would be able to accurately value a property in Bendigo? Thanks in...

Could someone please explain for me the benefits of a QS report, and if there are any limitations or cases when they are not worth the expense? What relevance does the age of the property have in respect to QS reports? Regards AndrewS

I have purchased a unit, which is one of three. The developer had already arranged body corporate insurance that covers the buildings and also public liability. My question is, whose responsibility is it to set up a 'body corporate' with the other two owners to care for the common...

I am in Victoria, and have a standard REIV 'Exclusive Leasing and/or Managing Authority' agreement with the property manager. They have made a change in their business practices that I believe will affect their ability to attract future tenants. I have perused the signed agreement and...

From: Andrew S I have an idea. I know it is possible to purchase a dishwasher with repayments over a period of time. If I were to purchase a dishwasher this way for an IP, can I depreciate the total value of the purchase, even though I do not pay the full amount for some time? Thanks AndrewS

From: Andrew S I am looking at purchasing a unit in a 3 unit development. The units are all completed. Is it a responsibility of the developer to establish a body corporate for the units, or the purchasers of the three to establish it? ie Is it something I need to organise before purchase...

From: Andrew S I have another question if someone can help me out. I have just viewed a vendors statement that contains the Body Corporate Certificate. On this certificate it includes info regarding BC Insurance. I understand that one component of this is public liability. The other...

From: Andrew S After searching the archives I have not found a discussion that answers my question. I am interested to hear what people think about whether to go for a fixed interest rate loan or if a 'split loan' with half fixed and half variable is the way to go? Interested in hearing...

From: Andrew S I have a suspicion that there may be a way to reduce stamp duty by making some changes to the way that the purchase price is accounted for? Does anyone know what I am talking about? If so, great...please enlighten ME! Regards Andrew