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I've been with my PM for 2 years and only had one new tenant in my IP for that time. Last October my PM's agency was sold and I had to sign a new agency agreement. Yesterday with no explanation I received a copy of the agreement I had signed in October. When I looked at it, clause F...

I'm going to look at properties next week. I've never written an offer before, my other 2 were verbal. I want to put subject to finance in it. I've spoken to a broker and it looks good but if I can't get finance for some reason, does the "subject to finance" part cover me so I'm not committed...

I'm interested in an out of state property that I saw on an agency's website, however I can't get a flight there for the next 11 days. I've already rung and made initial inquiries about it. I'm also interested in a few other houses in the area that I plan to inspect while I'm down there. So...

Me again! :-) When I rang PM on 9/1/06 I asked when the lease expired as tenant moved in in January '05 and I hadn't heard anything from PM. She looked it up on the computer and said it expired in JULY '05! I realise part of it's my fault as I didn't keep track of when the lease expired...

About 2 weeks before Xmas PM told me tenant said kitchen light fitting was broken. I said to fix it ASAP. On 9 January after body corp meeting I rang PM and asked her to get a smoke alarm installed. She said handyman should do it in 1-2 weeks. No mention was made of kitchen light. Today...

Sorry to ask a stupid question but can someone tell me what hard wiring a smoke alarm means please? I have to get an alarm for my unit which has concrete ceilings so you can't screw one in so I was going to get a stick on one until I read the smoke alarm post here. Jenny

Here are all my figures to work out my CGT. Purchase price: 89,000 stamp duty: 1,800 conveyancing: 1,112 Sell price: 210,000 Selling fees: 7,480 conveyancing: 1,200 (approx) Are the mortgage fees I have to pay to pay out the loan included in my cost base? I haven't...

I just wanted to check I understand how to work out how much CGT I have to pay if I sell my IP. If I sell IP for $200k and my expenses are: mortgage 69,000 selling fees 10,000 legals 2,000 total: 81,000. 200,000-81,000 = 119,000. I've had it for 3 years so I get the 50% off...

I did a search for this but couldn't find what I was looking for. In NSW when you sell an IP do you just pay the 2.25% vendor exit tax or do you have to pay that AND CGT? Jenny

About 3 months ago I posted about my tenants going back to NZ without telling anyone and moving their friend in. The people who told me not to take their friend on as tenant WERE RIGHT! He had glowing references from NZ but left 6 weeks in arrears, there was a hole punched in the wall, the...

My ex-tenant managed to deeply stain my 8 month old carpet that cost over $1300 for a 1 bedroom unit. It has just been professionally cleaned but some of the stain is still there. I spoke to PM who said they tried their very best to remove it. I don't believe this is normal wear and tear...

I'll be posting another thread about something else that's happened :-( But to cut a long story short, my newly renovated in December unit had dirty marks on the walls courtesy of the ex-tenant. PM said he would have it fixed along with some other repairs. I've just inspected it today...

I'm determined to either manage my IP unit myself or get a new PM after what happened with my tenant, which I've outlined in my previous posts. How does the change over actually occur? I have to give 30 days notice to current PM. Do I just find a new PM, give the old one notice and let...

I've posted 3 previous posts about my tenant going back to NZ and moving his friend in and how the PM wasn't doing much about it. Last Thursday I saw the principal of the agency. I told him I wasn't happy with the way PM was handling the situation. Principal said to give him a couple of days...

I previously posted about a squatter in Tenants go on holiday, squatter moves in and What clauses can I put in a lease. I heard from the PM today at 5.30pm (Tues) The squatter was supposed to come into the agency on Saturday and PM said he didn't turn up. Now he says squatter had to work...

A few days ago I posted about my tenants going on holiday and their friend moving in. I've since found out the tenants have gone back to NZ for good, abandoning the unit. The friend was supposed to go to the agency today to fill in an application form and put on it that the tenants have gone...

Today I found out that my tenants have either gone back to NZ for a holiday or for good and have let their friend move in. There's been 2 parties in the past 4 weeks. Previously there were none. The real tenants only moved in just before Xmas and the unit is newly renovated. The other...

A prospective PM said they have 4 full time property managers and a rent roll of 600-700. I've done a quick search for rent roll on the forum but couldn't find any obvious matches to this question. Is that a reasonable amount of PMs for a rent roll of that size or is the rent roll too large?

I'm thinking of rent out my unit and I've got a list of questions to ask prospective PMs. I've only interviewed one PM over the phone so far. I asked if they check TICA when they're screening applicants and she said no and I was a bit surprised since she said they check out everything on the...

How do I clean a wooden door? It has a few cement smears on it from the tradesmen. Also, how do I paint a wooden door after I've cleaned it? Do I put primer on it or something first? I'm totally clueless.