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Hey the floor looks great really lifts the place, and congrats on a great result overall. Just wondering if you are concerned with the floors being damaged by the tenant? I haven't had much luck with my timber floors, despite having clauses written into contracts etc they still get trashed.

This looks like a bigger settlement issue, just topping up the level may not solve the problem if there is something going on lower down or adjacent to the area. What is causing the settlement close to your fence line, a slope, poor compacted material, water running in from somewhere? Jim

Agree with what others say ... Don't be loyal to banks, they certainly are not towards you! Re insurance...... I get really annoyed every time I speak with a bank they try to offer insurance, usually way more expensive through a bank even though they say you get a 10percent discount...

Well done. What's your timeline, budget, where is your Reno located? Is your hired help local?

This happened to me before, since I didn't want to change lenders, I commissioned one of the banks other valuers, they were on their approved panel. As I was paying for the val I was able to get a realistic result. When I went back to the bank manager, they not only agreed to take the new much...

How did you come across this place?

Sorry just realised it's only for NSW there might be something similar for VIC

I like to use SIX Maps, there are plenty of tools to measure areas and dimensions, you can get the link here https://maps.six.nsw.gov.au Jim

Good point, I will have a look at the insurance policy, usually they have a clause that talks about damage caused by tenants and 'visitors' but probably you are stuffed if the listed tenant moves out and you are left with a squatter:eek:

We used to live there so know the neighbours well, the new bloke isn't a visitor. What is interesting about this, is how it might be easy for the PM to not actually check or be able to tell who is living in a property permanently. Jim

Recently I have discovered that not all the occupants living in my IP are listed on the lease. The situation is the property was rented to a single mum, and now a guy has arrived on the scene. I wrote to the PM stating the new occupant should be listed, and RTA amended, but PM advises this...

Hi all, Trying to decide when is the best time to break out of a fixed rate loan. The loan has 9 months to run. The savings over the next 9 months in a lower interest rate equate to the break costs. However this would change if the break costs were tax deductible, any advice is appreciated...

Hi Matt, can you please pm me too. Thanks

From my experience, there is not difference between big or small agents, both can be good or bad. You can complain to the owner or move on to a new PM. Its good to speak to other LLs before you sign up to a PM. PS I am amazed that the LL is always the last to be paid, so if the service...

Thanks very much.:)

Hi, In order to improve my serviceability it would be better if my wife and I were on the loan application doc, but I only want my name on the title for tax purposes. Would lenders be ok with this? Jim

Similar to the above, we own two IPs, and we rent. The major advantages are: We get to wake up to million dollar views each day but it only costs us a fraction of the price. I spend less time doing maintenance jobs around the house, LL is responsible for this. The main downsides...

Also check out the rental returns 4 br house avg at 260pw in Crystal Waters (western Yamba on the river), not much goes above this for the majority of properties and vacancy rates can be high if you buy in the wrong area. Jim

Its worth taking the problem to a civil/ structural engineering firm for their assesment. The assessment might only set you back between $500 - $1000 depending on what they recomend for an investigation. So you will have to figure this in however you will be able to realise the risks...

How does one compliment their property investement portfolio with shares? for example do you try to go for higher yielding shares to inprove your DSR? Or just sell when stocks go up to reinvest in another asset classes? Would you consider margin lending with shares? Given the degree of...