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Hi everyone, My tenants in Victoria just moved out few days ago and during bond inspection, I found unreported water damaged floor board. I guess there could be three possible reasons: 1. The waterproofing of shower booth needs to be redone. 2. The shower drain leaks 3. The tenants...

Hmmm...What about if the old one does not play ball? Is there anything I can do if this happens?

Hi everyone, I am considering to engage with a new property manager as I am not happy with my current one. Just wondering if the transfer is normally easy or difficult. How long does it take usually? Is there anything I should put my eyes on? Thanks, Kai

Thank you very much for the info. Will contact them soon! :)

Hi, I am considering to find a good BA in Melbourne who is monitoring one bedders. Can you recommend one to me? How about "Buyer Solutions" (owned by Janet Spencer)? It appeared in my google search results... Thanks, Kai

Hi everyone, I am considering to buy an investment property which has tenants living there. The current lease is going to due in June next year. I want to get the tenant payment history to make sure they are good tenants but the RE agent told me he cannot get them because the owner cannot...

Hmmm...Just discovered this is the house I used to rent 6 years ago. The rent was $60 per week per room back then. Its a nice area. The owner sold it about 3 years ago and new owner renovated it.

Hi everyone, We are thinking to make an offer to an apartment in Melbourne and after read the section 32 and OC meeting minutes we found three Owners Corporations affect the apartment. All of them have a low balance administration fund. Is there something wrong? It is a 6 year old apartment and...

Hmmm...just called an accountant and he told me since the mum is not an Australian and doesn't live in Australia. She only needs to pay income tax in her country (income includes the interest from Australia). I am confused now.

Thank you for the example for explaining "Future Plans" :) . I now know what to look at. However, I am still not quite sure about "Bad if it's there in some ways, because you can't claim it as an expense on your tax (capitalised)." Can you give me some examples of what can be claim as an...

Her mom is retired and lives overseas.

Hi all, I have a friend who is going to buy a $700K commercial property in NSW. Her mom will pay cash ($700K plus other expenses) for her. However, my friend discovered if she pays cash, she cannot claim tax deduction in the future. A conveyancer suggested her to make a borrowing contract...

Thanks for the valuable information. Do I ask the real estate agent or building manager to get the sinking funds details? How do I identify the sinking funds look good? In addition, what do you mean about "future plans"? What kind of future plans I should beware or expect? Cheers, Kai

Hmmm...I didn't know the price could be different for renting out and living in. May I know your opinions for both cases?

Hi everyone, I know many people do not like Docklands but I just want to get some ideas. Currently there is a one bedroom plus study apartment for sale in Docklands as the following link shows: http://www.realestate.com.au/property-apartment-vic-docklands-113241675 The asking price is...

Thanks for all the replies. I really appreciate the input of all of you. The property is in Sunbury and its just been leased after we reduced the rent. I discovered the only local agency in Sunbury does open inspection for rental properties is Barry Plant. The agency we are dealing with seems to...

Hi everyone, I am a first time investor and my property is on the market for about 2.5 weeks now. The PM only arranges inspections for people who register. So far we had only one person inspected our house. I asked my PM if we should reduce the rent or schedule open inspections to get more...

Thanks for all the replies. I really appreciate the effort of all you guys. I will contact my current insurer about the building insurance and also get a separate landlord insurance.

Hi everyone, We are going to turn our owner occupied home to an investment property. We currently have a building insurance with our home. Do we need to get a new landlord building Insurance once we lease the property to tenants or we can continue to use the current building insurance? Thanks...

Has anyone dealt with Guardian Property & Asset Management Werribee? Are they any good?