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Hi, I am looking to sell a unit in North Perth and the agent that is my property manager is quoting me 3% commission on the sale. As I have never sold a property before, is this reasonable and if not, can anyone recommend a good agent with a reasonable fee? Thanks.

Hi, apologies if this has been asked before. I did a quick search but couldn't find anything. I have a property in NSW and I pay the water usage and then claim it back off the tenant through the estate agent. The tenant is well behind ($500 over the course of a year) on paying back the rates...

Hi all, have emailed my PM in WA however she hasn't responded yet so thought some WA IP owner forumites might be able to help. I have received my first water account and it has sewerage, water service charge and drainage, all separate. I have a unit in WA. It has several options to pay...

I have a situation with my partner where I am trying to provide some advice which I feel is sound yet I would like to validate. The background 1. He is elligible for FHOG 2. I am not elligible for FHOG as I own a PPOR and three IP's 3. We are buying a place together next year (after 5...

When I started investing in residential property there were heaps of good books to read and lots of investors offering advice. I'm interested in knowing a bit more about commercial property. Can anyone point me in the right direction for books, internet sites etc. Anyone have any good...

As I embark on the process of purchasing my third IP I am considering what the next step will be. Probably a little too early but every time I buy one I do get excited about the propsect of the next! I notice that a lot of people renovate and was looking through the photo gallery just now. I...

I have an IP that just had a building and pest inspection completed (prior to settlement). There are some minor structural defects that need to be attended to and I am going to try to see if the current owner will pay to have them repaired. However if they don't agree and I have to fund this...

I was just thinking about some friends of mine and their approach to life and the future. Since I started investing a year ago I have often been in conversations with friends who say "I just want to keep paying off my house, invest in super and spend my money on the good things in life."...

I know this could be a bit of a stretch to ask...but you never know until you do ask. Not being a mathematical genius I was wondering if anyone had developed a method, or a spreadsheet, or something that can assist to calculate what you need for retirement. Let me explain further. And I'll be...

Just received this advert for a Residex report "JUST RELEASED BEST RENT REPORT MARCH 2006 The 100 Best Rental Suburbs in NSW, QLD, WA, NT and ACT* (thoroughly researched by Residex staff), Our biggest and best value report ever, Only $220 until 31 March 2006." I had a look at the sample page...

I feel like this forum is my sounding board so appreciate any thoughts on this one. Still a bit new at this so forgive me for always asking questions. Have a very small one bedroom unit that settles on Monday (North Perth). It is currently rented on a periodic basis for $115 a week. My new PM...

Hi, I am interested as to what sort of IP's people have in their portfolio. It's purely and simply curiosity on my part to see the mix out there. If anyone wants to share their reasons why they have chosen one option over the other, it would be appreciated. Just like to learn about more about...

OK, so I'm turning 40 on Saturday. So it shouldn't be scary right? Even though everyone thinks I am 30 and I got mistaken for 21 the other day (well she was trying to sell me a party frock!)...and even though I don't feel 40, and even though I know there is no turning back now...even...

Not that this is in anyway important but I am really curious...how do you change the bit under your member name? a lot of people have "member" but others have their own expression. I hate it when I can't work out a solution to something! Help! :o

Have to share a story that makes me smile. Refinanced recently with ANZ. All went smoothly however they were to give me a second mortgage on the property of around $60K. I planned to use it for upfront costs on a couple of IP's. The second mortgage hadn't come through when it was time to...

Hi folks, Sorry if this has been asked before. I couldn't seem to find a thread I thought I saw once that may have contained advice on this. I am about to sign a PM agreement for a Perth PM and there is a clause that states that if I choose to terminate the agreement with the agent I will...

Hi all, As a new IP owner of lower cost properties the PM costs obviously eat into the rental income and although I know they are tax deductable, just interested in what people think of their PM. The time savings are obvious and it makes it easier when your IP's are nowhere near you (as...

Hi everyone, I started this thread back in August last year asking for some advice on buyers agents: http://www.somersoft.com/forums/showthread.php?t=21840. Having just purchased my second IP (in WA), and this time using a buyers agent, I thought I would provide some thoughts for anyone...

Hi folks, Interested in buying my next property in Qld for various reasons. My limit is $230K-$250K based on my cashflow available, costs to buy, avoiding land tax (spreading IP's across states) and my general comfort factor. My strategy is more around capital growth as opposed to high...

Quick question to help me prepare my accounts for the tax man. First IP claim this year so still new to all of this. Scenario (with made up figures of course): - I borrow on IP and the amount is $1000. - On top of that $1000 are loan purchase costs of $50. - So total loan is $1050 and...