Property Checklist Form

[Sunstone]

Dear guys,

Have done a few updates to my checklist for 2005. File is attached.

Cheers,

Sunstone.

 

[ArJay]

Thanks Sunstone.

Very useful.... tremendously appreciated. Your input to the forum (from what I have gathered so far) always seems to be of great value, so cheers again.

ArJay

 

[Sunstone]

Dear ArJay,

Thanks for the kind words.

Cheers,

Sunstone.

 

[muppie]

Sunstone, I am looking for my 1st property and I came across this thread. This is brilliant as I have been jotting down some of these details myself but probably only 1% of what you've got here. I have wondered "what to ask" and this certainly covers the essentials 'must know' things.

I am going to be using this from now on

Just a stupid question:

What are these
150 ; 7,800 190 ; 9,880 230 ; 11,960
160 ; 8,320 200 ; 10,400 240 ; 12,480
170 ; 8,840 210 ; 10,920 250 ; 13,000
180 ; 9,360 220 ; 11,440 260 ; 13,520

 

[D.T.]

Hi Muppie,

They are year rental amounts. Eg 150/w x 52 weeks = $7800 a year. I'd say he just has them there as reference so he can quickly determine / compare yields.

 

[pete_w]

Sunstone - you did well to get yours down to one page!

Mine took two pages. I mostly adapted it from Anita Bell's book and put in a rough valuation calculator based on rentals and a yield near 10%. And as Jakk said, I should also mention the smoke alarm!

It's attached. Hope it comes out OK.

Regards, Peter

thanks for these lists guys.

"Run pen along bricks"

what is this?

 

[muppie]

to see how fragile / weak the bricks are?
Just be careful not to cause the house to collapse while you're there.

 

[pete_w]

what would be a sign? obviously if huge chunks came out youd be a little concerned, but how do you tell a good brick from a bad one?

 

[Cosmo]

Hi,

Running your pen down the mortar line judges how good the mortar is. Houses constructed during the war years had a shortage of lime in the mortar. This causes the mortar to turn to sand over time.
If it’s bad you can almost pull bricks out of their locations!

 

[JohnHenry]

Thanks for sharing this checklist guys. I wonder if there is any update to this or not really ?