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    CGT - moving into IP

    Hi I have just sold my PPOR and will moving into an IP which I have owned for 3 years. This will become my PPOR. How will this affect the capital gains tax on the IP if I should sell it at some time in the future? Thanks Luc
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    Letting Fees (again)

    Hi I have been self managing one of my IP's but due to travelling for 6 months I am passing to a PM. The letting fee seems quite steep - 8.5% on the term of the lease (up to 12 months). The property will be let at $150 per week and this adds up to $705 per annum (with the tenant...
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    Depreciation on PPOR

    Hi I am off travelling for 6 months next year and will be renting out my PPOR. The property was built in 1988. If I claim the capital allowance for the building, will I be charged CGT when I sell the property? Will the depreciation be taken from the cost base? (I may be selling it when I...
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    End of fixed term tenancy

    Hi I have a 6 month fixed term tenancy in place on one of my IP's, ending 8 Jan 2003. This IP is managed via a property manager. I will need to have vacant possession at this date as I and my family will need to move in for a while (it has to be this date, not later or I will incur storage...
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    Rent Insurance [Landlord Protection Insurance]

    Reply: 1 From: Lucinda Hudson hi I use Aon Risk Services Australia Limited who are brokers for CGU. They do have a website at www.aon.com.au. Lucinda
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    Landlord Insurance - any recommendations?

    Reply: 1 From: Lucinda Hudson I am also looking to upgrade mine. I have looked at Rentcover, which can be found at rentcover.com.au. I am not sure what they are like but they provide the type of cover you seem to be looking for. I am going to give them a try. Lucinda
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    Capital or expense??

    Reply: 1.1.1 From: Lucinda Hudson Hi The ATO have rung me back - yes it is capital but state can be depreciated over 40 or 25 yrs. At least that will give me $50 per year to depreciate! Lucinda
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    Capital or expense??

    From: Lucinda Hudson Hi I have an older IP which I now have to have connected to deep sewerage from septic, which is going to cost about $2000. Does anyone know how this is treated in the accounts? I have rung the ATO but they really do not seem to know. Any ideas? Lucinda
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    Previous owner to rent back for 2 weeks

    From: Lucinda Hudson Hi I will be settling on an IP next week. The current owner would like to rent it back for 2 weeks (which is ok by me) to coincide with the settlement of her new property. What can I do to ensure that she leaves when she says she will as I need the property by a certain...
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    Record Keeping

    Reply: 1.1.1.1 From: Lucinda Hudson You can buy Property Manager Pro at Harvey Norman or from http://www.manac.com.au/BCat/DL-PropMgr.html where you can also download a demo Lucinda
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    Record Keeping

    Reply: 1.1 From: Lucinda Hudson Hi I use Property Manager Pro - while it does have some limitations (is quite basic), it is easy to use and makes life easier. I used to keep it all on paper but this makes it so much simpler to get hold of the info that you require quickly. It also has quite...
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    2nd IP

    From: Lucinda Hudson Hi I have just purchased my 2nd IP and am looking for a good property manager in the Cannington area of Perth - any suggestions? (I manage my first IP myself with no problems) I have rung a few property managers and the going rate seems to be 8.5 %. Is this standard for...
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    Renting out PPOR

    From: Lucinda Hudson I will be going travelling for 6 months next year and intend to rent out my PPOR. The current loan has been reduced from 145 k to 85 k and I estimate it will be about 70 k when I go. From previous postings I note that I should be able to clain interest on 70 k which I...
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    Property Management Question

    Reply: 1.1.2.1.2.1.1.1 From: Lucinda Hudson Hi Susan I am in Perth and looking for a good PM - who are they? Lucinda
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    Defence Property

    Reply: 2.1 From: Lucinda Hudson Thanks very much I am searching now Lucinda
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    Defence Property

    From: Lucinda Hudson Hi I have been looking at the defence properties and they appear to be a good investment ie rent pretty much guaranteed for 12 yrs and no tenant hassles. They will also allow me to purchase outside of my state (WA) without too much difficulty. Has anyone had any good/bad...
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    Tenants

    Tenants Give up work Reply: 1.1.1.1.1.1.1.1.1 From: Lucinda Hudson All good suggestions. I did read up on the all the relevant legalities with my current tenant, got the landlords handbook, have obtained a bond, have a lease etc. The problem I forsee is that when I get more IPs I will not...
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    Tenants

    Reply: 1.1.1.1 From: Lucinda Hudson Thanks for all the info. Will definitely try a property manager when I get some more IP's. Luc
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    Tenants

    From: Lucinda Hudson I have 1 IP (which I manage myself) and was lucky enough to inherit a very good tenant. I will be purchasing more IP's but would like to ensure that I get good tenants. I note that not much has been mentioned previously about bad tenants - does anyone have any advice in...
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