Thanks everyone.I ended up telling them to intall at their own cost. They were pretty cool with it.Thanks heeps everyone for your help…

Thanks units4me

Also, not sure about Linar's advice 'if their lease expires on 1 May then they need to be out on 1 May.  You can start advertising now for new tenants to commence on 1 May.'Not sure how it works in other states but not in Vic. You are still req to give the required notice to vacate.  A notice to vacate for end of fixed term is 60 days notice for a…[Read more]

Hello.Not sure what state you're in, however my advice is based on vic law.As stated earlier, once the lease expires, it goes on a month to month. By law, a tenant must give at least 28 days notice to vacate. By law, an agent/landlord can allow prospective tenants to enter the property within 14 days prior to the expiry of any vacate notice (by…[Read more]

Thanks millions.tend to agree with you.

Thanks lalibella.I understand agents worth, however the time that my prev. manager spent on my apartment managing was…… well nothing. I figured if he can do it then so can I. When I have more properties under my belt, I will consider passing them onto a good agent.Thanks

Thanks Millions.This is very useful info.Sounds like you would have some good stories to tell.

dlpp and ricky.

Thanks for your response.

DLPP. Im in the middle of checking out REIV in becoming licensed. Hopefully it won’t take too long.

Ricky. I will email you next week for a further chat.

Thanks for replying.

no problems. thanks for that.

Sorry I forgott to add. Im based in the melbourne and geelong region.

Thank you.

If you want to play the game then do it by saying something like, ”My offer stands, let me know if something else comes up” If they aren’t prepared to accept it then play their bluff. Investing isn’t apart of love, it’s about being practicle. If it was love then yeah, maybe you should have given your best offer.

Thank you for your detailed advice.

I’m going to put in the offer this week so let just hope i can get this deal….

Im in it for live in and renovate. Im very new and would like to use this as an opportunity to learn, make contacts and hopefully get some profit out of it.

Fingers crossed.

Thanks again.

richard.

hey mate.

The only thing you can do is claim for the difference from the bond. eg. Bond = $800, compensation = $1500, claim amount = $700.

So if the tribunal orders the tenant to pay $700 plus the right for l.l to pay the bond, you will have to take the ten to a higher proceeding (magistrates) to claim the $700.

The system sucks and would prob…[Read more]

thanks to everyone’s imput here.. Has really opened things up for me!

Cheers all.

Nice one phil. : )

Hey mate.

First of all… Relax and breathe in deep. You seem to be in a rush all of a sudden.

You have tried pretty much all of the low risk options already.

Your next step would probably be a manage fund, i.e. perpetual.

M.F is ideal for people new to the stock market game. Current history indicates around an ave. of 10% return. Depend what…[Read more]

hrm

Let me know how it goes buddy.

Turkey is a beautiful country and would probably have a lot of opportunities. Thing is.. When i was there, i noticed that they were able to sell to backpackers a rug that was larger than them selves…. Imagine what they could do to you in real estate. My advice would be to hook up with a local that can do the investigation for you.

Oh Dazzling… I forgot one more info which you may have used already.

You can give 24hrs notice to enter the property under section 86, sub section (e) or (f).

Sub e, is to enter due to the belief that the tenant has failed to comply with their duties (eg. to keep the property in good condition would be one).

Sub (f) would be general…[Read more]

wooops.. i came a little late in the chat.. Glad to hear it worked out.