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Thanks Jacaranda, but unfortunately they don't service this area. Hi NPB, I spoke to the principal a few weeks ago but all I could hear was excuses. They were also going to follow up on some issues but I still haven't heard anything back... So, anyone happy with their property manager in...

Hi, Can anyone recommend a good property manager in Redcliffe or Deception Bay? Had some shocking service lately from our current PM, so we need a change asap. Thank you for any suggestions :-) Scoofy

Well, just a quick update to let you know our loan has finally been approved. We did have to supply tax returns, notices of assessments etc. and the business loss was accepted as it was mainly due to one off start-up costs such as legal fees. That's a relief, and I hope we won't have the same...

Hi Lupo, Not sure what you are referring to, but I think Terryw explained the situation clearly and correctly. My hubby's business cards state director, but even if the broker overlooked this, checking directorships should have been part of the due diligence for pre-approval etc. I would...

Wow, I'm in disbelief it is as easy as this. My hubby knows our broker professionally ( he refers clients to him ), and the broker has been looking at our affairs, for preapproval, since December. Only now, with 10 days to go on our finance clause, does he bring up the directorship issue. Time...

Hi Lupo, The problem is not that this loss would affect the loan balance, but that our application would be rejected completely as the lender thinks his income may be at risk. I appreciate what you are saying about building the business for the future, which is his long-term plan (and...

Thanks guys. The broker said he would want us to write a letter stating he's not a shareholder. I think the loss is about $30k, but their main concern was that his income may not be stable if the company is running at a loss. No personal guarantees and we'll go 90-10 on the title. If we...

Hi, We are currently arranging finance on a block of land (for our new PPOR) through a broker. Equity and serviceability are not an issue, however my hubby is a director of a company that was established 18 months ago, and is running at a slight loss as they are still building the business...

Thanks Jo, will get in touch with them! If any one else is happy about their PM, I'd love to hear. Cheers Scoofy

Hi Sage, I would talk to the PM and see if they are happy to terminate immediately. They may be willing as it means they won't have to go through the hassles of organising inspections and screening new tenants. Otherwise I think you can only terminate without the required notice if they are...

Hi all, Our current Redcliffe PM is going from bad to worse so I need to find a new property manager ASAP! :mad: Is anyone happy with their current PM? I would love to get some recommendations. PMs (private messages, lol) are welcome too ;) Cheers Scoofy

Thanks that's a relief! I'll be on the phone first thing in the morning :) Anyone with a recommendation for a PM on the Redcliffe Peninsula?

Hi all, Have been having a bit of a problem with our PM in Redcliffe (QLD) lately: taking long to reply to my emails, incorrect financial statements, rent arrears not followed up, routine inspections not carried out on time,.. I will be looking at changing PMs, and have been trying to...

Hi, Can anyone recommend a good PM around the Cleveland area?? Not happy with my current PM lately... Thanks Scoofy

Hi all, Yes the post was just concerned with contracts in WA. However, this property is a residential IP, as you've probably guessed as I'm sure it's a lot harder with commercial, as Dazz was saying. Anyway, why did we go back on the relatively minor issues? The first 2 properties we...

Update Hi all, Just thought I’d post an update in case anyone else is in the same situation. We ignored the agent’s verbal advice that we couldn’t negotiate and sent a fax to their office listing the items requiring repair and requesting a $2K reduction in the purchase price. The vendors...

So no one in WA has tried to negotiate on the purchase price following repairs identified in the building inspection report? :confused:

Hi All, We had a building inspection done (as part of the conditions of our offer to buy a property), and the inspector identified various items that require repairs (such as repair needed to fence & window). I went back to the RE agent as we wanted to negotiate with the sellers so we...

Swebay, You are really exaggerating! We personally inspected the area, and I didn't see any undesirable individuals at all. Sure you can tell by the look of some of the houses that some are occupied by a lower socio-economic class, but the area has great potential. Plus there is a nice...

Hi Virgo, We purchased a 3 bedroom house for $288K, with a weekly rental of $285. While this is not a great yield as such, it is higher than our propery on the Redcliffe peninsula, where we get the same rent but purchase price was $50K higher. Cheers Scoofy