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    Break lease

    Tenant has broken lease and rules are that they need to keep paying until a new tenant is found. If they decide to stop paying after 14 days they get a breach notice - and in normal circumstances if they don't pay the lease is terminated and vcat Oder them out. In a break lease - isn't this...
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    Removing wallpaper

    Does anyone have any tips on removing wallpaper? Ip has paper coming off the wall- would you just stick it back down and get it rented or remove and paint?
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    Variances in Surname

    Background. Took hubby's surname. For sample sake I am Chaos no common Sense. The marriage celebrant handwrites the document and hubby's surname is NO COMMON SENSE and I am NOCOMMONSENSE. Passport Office and License office refused to issue documents as NO COMMON SENSE stating they had to use...
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    Any Recent Fixing Regrets?

    Fixed 3yrs at 4.69 - 10months in. The benefit of hindsight yes - regret no. It was a considered decision at the time. Did anyone else put their money on black/red recently?
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    Dividing Fences

    I am awaiting photos from my PM for a newly erected fence that I have been kindly asked by the neighbour to pay for. Is it a legal requirement for a business to get both parties signatures before accepting a job to replace an existing fence? I have signed on at least 3 occasions but did...
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    The Block 2015

    I couldn't find a thread for this years block. Is anybody watching? Thursday night the twins did a mini makeover in Port Melbourne nd hired a business that ripped up the slate. They had a fancy machine with a vacuum cleaner attached. The guys were called the 'strippers'. Obviously when...
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    Ensuite renos

    After coming across a vanity I like, I was disappointed that in the double sink option the company has changed the drawers to doors, altering the look. Which raised the question for me - does a double sink in an ensuite add more value than a single. Similarly does a double shower add more value...
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    Who pays?

    Tenant has 3mth water usage bill of $1700 normal circa $200. When attending another maintenance issue tenant tells us he thinks there is a water leak he has heard water running through the wall for past few days. Hadn't reported it to the pm. It is repaired first thing next day - house had been...
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    Deceased owner still on title

    Are there any issues with a deceased person still being on title? Situation is Power of Attorney is selling the property over the living parent. In preparing sale documents they discovered deceased person is still on title. The title also has a mortgage registered against it in both names...
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    High Voltage Power Lines

    Hi Looking at a few places recently and some have been in close proximity to high voltage power lines. As an investor would you stay away from these properties even if in a good location with good services and infrastructure? Is the risk the potential to sell down the track? Please...
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    Resi Lease Q.

    Hi Tenants lease ends in Feb. Need to give 60days notice for rent increase Need to give 120 days notice to vacate. Is it correct that the tenant only has to give 14 days notice if they wish to leave? So in the above scenario. If the lease ends in Feb and notice to vacate is issued...
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    Neighbour attitudes to IPs

    Warning rant forthcoming. Neighbour recently extended their home. Neighbour takes down boundary fence. Building rubble is dumped on our property. I speak to the neighbour who tells me they didn't do it the builders did so it is not her problem. We have tenants moving in, we suck it up and...
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    Finance Extension

    We have a buyer ask for their second finance extension. Nothing done in relation to finance in the first 14 days as per contract. They went on a nice holiday. An extra 10 days sought due to the bank requiring more time. Now another 14 day extension sought. Does a buyer need to prove that...
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    Unit question

    Looking at a unit. Just found out it is actually one of 4 not one of 2 as the block has two houses that are accessed from the rear street. The two units incorporating the one I am looking at have a common property area which is the driveway and parking and the garages share a wall and flat roof...
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    2 houses 2 titles Q?

    Q. When you come across 2 houses, 2 titles and one asking price how does this work? Do you pay one lot of stamp duty - or is each house and title given 50% of the final sale price? I was also wondering this when blocks of flats are sold as a group but it states they are separately titled...
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    using property to fund schooling

    Can you set up a trust to fund your childrens; education costs? Can this trust buy a property that earns income to pay for the school fees? Is there any point to considering this? Have others bought property or set up trusts for primary aged children?
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    Ways to minimise cgt

    We are thinking of selling an underperforming IP. I am interested in strategies to enable us to keep as much as we can in our pocket. If we sell in July and settle soon after - do we get to keep profits until the EOFY when tax return is done? This means we get to save on interest by...
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    ME bank q

    Is a build and pest report required to get finance for a property with ME bank? We have equity, we have serviceability, they have done a full val ...
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    Release deposit to vendor?

    The vendor has requested we release the deposit (currently in trust) to them. We are 6 weeks from settlement. I have been advised to allow as their is no mortgage on the property and sufficient equity. Am I correct that there is a huge risk to me by allowing this. For example the vendor...
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    Giving your offer a deadline

    It is often mentioned here one strategy is to give your offer a deadline. For those have used it have you found it to be a successful strategy?
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