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Kristine Again your post is enormously helpful. It makes me wonder about the merits of having a Property Manager as it may in fact provide another line of defense. Thanks for your input. Krystal

Thanks to all for your replies. Kristine – your post was most helpful – and yes – a possible insurance claim is the biggest concern here. But how do you insure yourself against things that you may not be aware of? Kris

Geoff You are right. Having a PM can help but I like doing the job myself because every time I encounter a problem such as this I have to find a solution and so learn from the experience. Thank you for you posts. You have helped me to think this through. I was thinking that I would need a...

Geoff Confusion is exactly what I am trying to escape. More posts - more answers. Kris

Glen Yes. The tenant has signed a lease agreement and Yes the tenant paid bond and I lodged it with the ACT Office of Rental Bonds. Kris

That's already happening Will. She has been late paying her rent. I feel a bit caught between a rock and a hard place.

During a recent property inspection I learned that my tenant is providing child care on a regular basis at my property. She has given up her office job for family reasons and needs the income. My property is in the ACT. I have looked through the ACT Residential Tenancies ACT and could not...

Geoff I just phoned the Real Estate Institute of ACT and was told that there was nothing specific in the Act so I am a bit confused. Can you please tell me where I can get a copy of the lease or act that refers to the specific exclusion of paid child care activities? My property is in...

This query covers both property management and legal issues. On a recent property inspection a tenant told me that she is minding two children several times a week for a friend. My tenant has recently quit her job because her daughter is ill and in and our of hospital. My tenant is minding...

Sim and Nigel Thanks for your responses. I will continue researching to gain more understanding. Any more reading tips or other points of interest on asset protection would be greatly appreciated. Krystal

Hi Sim You say that "I'm not listening" - the thing is that I read and listen to much more than just this forum. You say - TRUSTS ARE NOT FOR TAX MINIMISATION !!!!!! They are first and foremost for asset protection. I read an article in the Financial Review some weeks ago that...

Interested to hear peoples thoughts on the subject of asset protection. Is insurance (public liability) enough? Are trusts a more effective means of protecting an indiviual from litigation or is their main purpose for easing tax pressures? I have asked my accountant and my solicitor...