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  1. Dean1337

    Tenants requesting reimbursement due to a faulty hotwater system

    Thank you all for replying. Here are the results. After calling the plumber and the electricity company, they both had explained to me that the hot water system is usually attached to tariff 33. This relates to meter 2 in my spreadsheet. The first bill in the spreadsheet was from the place...
  2. Dean1337

    Tenants requesting reimbursement due to a faulty hotwater system

    Thanks you all for replying, This is what pretty much what happened. I think it was overheating causing to steam out of the overflow value. I've attached an excel sheet summarizing the bills they have provided. Bill 3 is the one to note. My actions are going to be as follows: 1. Talk...
  3. Dean1337

    Tenants requesting reimbursement due to a faulty hotwater system

    Hi all, I was hoping for some advice on a particular issue. Around July, one of my properties had a faulty hot water system. As a result I replaced the hot water system. Since my tenants had to put up with cold water for one week, I decided to reimburse the tenants $100 for the...
  4. Dean1337

    Cost of a quote

    Thanks every one for replying. I've called another plumber and they too are asking for a fee to produce the quote. There reason is that they must visit the site first. So it is like a call out fee. He too required the council sewer drainage plans. Hi Handyandy, This is basically what...
  5. Dean1337

    Cost of a quote

    Hi all, I have broken sewer pipe at my investment property. At the moment the problem has been fixed temporarily by the PM's plumber. I've asked the very same plumbers to provide a quote to fixed the problem permanently and they have responded back that they will need $30 to obtain sewer...
  6. Dean1337

    What a Day

    My tenant complained that the hot water system wasn't working. I sent out plumber to investigate immediately. The tenant had mistaken the switch for the hot water system as the laundry light. :confused:
  7. Dean1337

    First Investment Property - Want to raise rent

    Sorry I haven't replied in a while. I've been quite busy with both work and ensuring everything is going smoothly with the contract. Thanks Mattysavager, The information you provided is useful to know. You also right about the tenant leaving. The tenant has handed in their notice and the...
  8. Dean1337

    First Investment Property - Want to raise rent

    Thanks Jackbak, You are right. I recall getting two $15 increases in one year around 2005. One $15 increase in three years is nothing. Naturally the tenant could feel differently. Thanks mattysavager, I had no idea. Although thinking about it, I can imagine dealing with complaints on a...
  9. Dean1337

    First Investment Property - Want to raise rent

    This is the property I just purchased in Upper Mount Gravatt. If anyone feels generous I would greatly appreciate their input on whether my assessment is reasonable. :o In the meantime, I will call around with other PMs and get their input. Many Many Thanks :D Dean
  10. Dean1337

    First Investment Property - Want to raise rent

    Thanks ngh, You have good point about having a lower base to raise form next time. I think you are right. I should at least raise the rent to market level. If I constantly worry about losing the tenant I would never raise the rent to market level. I do admit that I am concerned about how...
  11. Dean1337

    First Investment Property - Want to raise rent

    Thanks Syd for the quick reply. Currently on a fixed lease but it ends one week before settlement and will become periodic.
  12. Dean1337

    First Investment Property - Want to raise rent

    Hi all, I have just recently purchased my first investment property. Big thanks to all those who helped along the way. It it really appreciated. :D This property has yet to reach settlement and it is currently has tenant who are paying $370 a week. They have not had a rent raised in 3...
  13. Dean1337

    Draft rezone - Good buy or not?

    Hi all, If a council has a draft plan for rezoning a suburb where some sections will be high density commercial, Mix high density and other sections to be medium to high density residential, would it be a good purchase to buy a property in this area? If so would it be best to purchase in the...
  14. Dean1337

    Asbestos Fibro - Kicked in wall

    Haha! No need to apologise. It made me laugh.
  15. Dean1337

    Asbestos Fibro - Kicked in wall

    I gather from your comment that you think I'm paranoid?:o Thanks vaughan for the info. I appreciate the help. :) In addition I found this as well which was quite helpful. http://www.health.qld.gov.au/asbestos/
  16. Dean1337

    Asbestos Fibro - Kicked in wall

    Hi all, I'm looking to purchase a property in Upper mount Gravatt that was built in the 60's. This property needs a little cosmetic work but overall is looks structually sound. I am guessing the walls are asbestos fibro and from reading in the forums here, asbestos fibro is fine as long as...
  17. Dean1337

    Residex Release: July 2012 Quarter Predictions Reports

    I not a lawyer but it would all depend on what you agree to when purchasing the report. I'd imagine the agreement would contain something along the lines of "We provide you (the individual) the right to view a copy of the report". To which case you are not purchasing a product for you to own but...
  18. Dean1337

    Accountant Selection

    Great outcome thanks to all who posted Due to the good advice from those who posted on this thread, I have meet up with the previous mentioned accountant but armed with better knowledge and better grasp as to what I what from him. As a result I received some excellent advice and information...
  19. Dean1337

    Buying Home in High Density Zoning

    . Thanks for the reply, Actually I am referring to Upper Mount Gravatt. The area surrounding Garden City has been planned to rezoned for medium and high density residential. Which is what got me thinking whether it is a good idea to buy a house in these areas. Thanks Jake, that is...
  20. Dean1337

    Buying Home in High Density Zoning

    Hi Boomtown and Jamie, thank you so much for replying. I would agree with you both that if the area was already swamped with high density living then it would not be wise investment. But how about this scenario. Suppose the area you are looking in constitutes of approximately 98% of houses. So...
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