Search results

We've finally got some good tenants in for almost 2 years. They don't complain, we self-manage. Usual issues of maintenance over the last few years such as fixing things, fix aircond, replace gas HWS, bathroom exhaust etc, install soakwells. Replaced carpets recently as they were in a state...

http://somersoft.com/forums/showthread.php?t=109639 Started post elsewhere, posting here now as I might have further updates... :eek:

I know that buying a house requires due diligence, and I wonder if I could use a real-life example of what we're looking at right now. We already have one IP and are thinking of buying a 2br unit. It's located in Lynwood which is about 18km from Perth CBD, is close to major shopping centres...

We almost own our home outright, would value it around 750k. Looking down the track, hubby currently earns 100k, I'm a stay-at-home mum who plans to go back to study next year, then swap places with hubby but income wil probably reduce to about 50k+. We have an investment property where the...

I have an email from the plumber that contains the tax invoice for some work on rental toilet. It's not a file or attachment, just straight text in the email. It says Tax Invoice but doesn't have GST or a ABN no. Is this a legit receipt to claim tax?

Hi, hope this is right thread ... not too sure. In about 12 months, we may be paying off our home loan, so a couple of questions: 1. Instead of paying the loan right off, I feel like I should leave a few k to keep the loan "open" - this is so that we can redraw if we need to, instead of...

What's the best way to go about estimating cover for building insurance? We bought average 3x1 home (607sqm land) in 2007 for $305 000. I think land value around then was $160k. We insured house for about $160k. Insurance keeps increasing the cost so it's now $194k. I've used an online...

We bought new carpets last year, approx $2000 for the rental property. I need to do our tax return now and would appreciate any help. I have an existing tax depreciation schedule which I've used for the last few years. I'm assuming with the new carpet, we have to somehow add it to schedule...

I have joint tenants and one of them is moving out by mutual agreement (the right one is staying ...). My PM is telling me this is a "break lease" situation, and to safeguard my rights as an owner, we need to do a new lease. Not only that, but a Final Inspection. They said that the bulk of the...

So the PM organised a vacate clean. They set a limit of $300 with a list of things to do (based on the final inspection). We happened to be there painting when the 2 guys arrived. They worked for about 3+ hours. One of the things on the list was: - wipe the top of power points (dusty). And...

Just wondering if owners normally get a copy of the PCR? I asked for a copy and it was sent but also told they don't normally do it. Now, I've read and checked it and of course .... surprise, surprise, found some errors. Most obvious saying we had new carpets put in Bed 2 when we didn't, only in...

I've been going on a bit of a rollercoaster of hold or sell our IP. Decided to hold and keep renting, but maybe do some improvements to spruce it up a bit. We've just painted the main living areas/dining which gives the place a bit of a lift. Next, I'm thinking of replacing carpets in...

Owning a rental property drives me crazy! Our tenants have been burgled so they want to move out... broken window costs $380 to replace ... This is just 6 months after having had previous tenants abscond, owing almost 2 months rent, leaving a trail of damaged bedroom doors, filthy carpets etc...

I popped in during our PMs inspection a week ago and noticed that the backyard is looking quite overgrown, trees overhanging the neighbours fence, bushes going bushy. I was in a "fixit" mode as I'd organised for some painting to be done, and an electrician to fix the toilet exhaust fan, a...

My insurance company (RAC) tells me I need to have a police report to claim malicious damage - 3 bedroom doors (1 missing, holes in doors etc). I have photos from PM but she says "The damage was caused by the tenant so they would not do a police report for this" RAC asked me a whole bunch...

Well we're going through the merry roundabout of evicting tenant and being out-of-pocket again. Do you think these notices sent by my PM were within a reasonable timeframe? Like I said before, I'm always having to chase them up... End of October rent statement - tenant paid up to 13 Oct only...

If there are any PMs out there, or anyone who knows how a PM works, I would appreciate some insight. My PM website says "zero tolerance policy ..." blah blah but what does it mean exactly? I found another website that outlined what they would do - reconcile the trust account every morning...

Has anyone else in Perth experienced an increase in PM fees? We've been with our for about 5 years now. They are ok - not that great, I constantly have to nag them to chase things up. Anyway they're merging with another company, so new lease agreement arrived. Letting fee - still 2 weeks...

Our contract with the PM is about to expire (been with them for 12 months). Their management fee is currently 9.35%, am also paying $5 monthly postage with $55 quarterly inspection fees. I have emailed them asking to discuss the renewal and negotiation of any discounts, and the reply (as...

Hope this isn't too dumb a question ..... From what I understand, if you hold shares for longer than 12 months, you get a 50% discount on any CGT you have to pay. Let's say I bought 200 shares @ $1.50 in Jan 2007 and I'm still holding them. I recently bought some more shares (100@$1.25) in...