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I've never paid LMI, but I pay other IP expenses (including IP loan interest) from Investment dedicated LOC's and claim the interest.

Yep. Its all about how you move your fund around. You can pay the interest on an IP loan from an investment dedicated LOC.

Yes I claim the interest on my investment dedicated LOC's. It is an allowable deduction how its structured.

Tess, PM deducts small expenses/petties from rental income..larger expenses (ie replacement fitting/fixtures, strata fees. letting etc) I transfer out of Investment LOC's to PM account. Smaller PM type fees you can do the same..its up to how you want to organise it with your PM.

Substitute what ever letting fee charged. IMHO from a cash flow perspective capitalising ALL expenses is inductive to maximising cash flow providing you have structured your portfolio appropriately - but that's for another thread.

No need to pay letting fee. Just capitalise it and collect the increased rental cash flow now instead.. Paying 6.5% of the let fee over the year sure beats copping a 100% hit now. $50p/w rent increase x 52 week = $2600 p.a 3 x $410p/w let fee = $1230 p/a. $1230 x 6.5% interest to...

Cannington PM just phoned to advise tenant is not renewing lease in August. PM reckons instead of the $30 week increase offer to existing tenant they say I could get $50-$60 week increase to a new tenant. - takes it to $410-$420 p/w.

I know of an investor who was gauging current demand for rental accommodation in Perth Metro. He showed up at 30 different rental home opens and told me each one had approx 30 people lining up to go through :eek:

Those figures are extraordinary demand if they only been on a week.

I would like to know how long they have been advertised for to try an gauge it better. With a high demand one would expect to see a high hit count. 600 hits over a month equates to 20 per day.

Was down Mandurah today and looked in a couple REA windows. Appears to be a lot of competition both on the sales & rental markets all competing. Rents do look low but I guess with the competition needs to be to attract a tenant. Looking at that Cannington rental, it appears to be around the...

I too also increasing rents on a couple of IP's here in Perth $30 a week... $380 in Queens Park & $390 in Cannington. Thats a yield of 14.4% & 16.4% respectively. Both 3 bed villa's

Dont forget to add in ALL you other expenses also.

Alex, are you running your investment business from the heart or your head? Business is from the head and as such you have to think of your IP as a business. You have obvioulsy done your rental due diligence. Look at the numbers because its the numbers that ultimately dictate what you should...