Thanks again Crusher
I’m all over the old forums like a rash now!
Basil [biggrin]

keep on smiling

Hi there Ryannt & welcome to the thread!

We decided to move closer to work and children’s school. The costs we will save in travel combined with the rental income we will receive on our PPOR almost balances the rent we will be paying. The time we save will be enormous though [thumbsup2]. But with bond, and doing the odd fix up on our place in preparation for tennants, as well as waiting for a tennant to move in, loss of first weeks rent to the agent, lessor insurance, break fee for internet connection transfer, etc (costs we didn’t account for [blush2]) we are now totally cashless!

If I had have realised a few weeks ago, we would have postponed…no regrets though…just knowing that we don’t have to do the two hour car trip to pick up child from school is enough to make me joyous. After all, time is valuable too!

Whilst this is a temporary set back (highly optimistic), it means that plans are on hold to talk to any knowledgable financial person, which subsequently means I can’t get going on the IP wagon yet.

Basil [biggrin]

Hmmmm, good things come to those who wait (for a little while then take affirmative steps to achieve their goals).

sorry…..I’m in Brissy…

In the few weeks since initially posting this, it’s fair to say that I know there are properties out there, just waiting for me to grab them…but my current knowledge base needs to be expanded.

As GR rightly pointed out, I need more information when it comes to the fundamentals such as the structure of the business (ie company’s and trusts, etc). Also I need to know what I can do now, even though I have NO cash supply. There are opportunities out there for me and I want to be amongst it.

I’ve got some great ideas, but need a little help on the establishing a business front, as well as financial advice (and the rest).

Cheers
Basil [biggrin]

Hi there Fernfurn.

I am afraid looking at someone else’s litter doesn’t always reflect the true situation. As a staunch whole & organic food advocate, I know that it is sometimes – no, almost always – cheaper to eat junk food…particularly pizza & coke!!! (YUK!).

And what of the idea that a single parent, with two children, who is possibly at the end of her rope by the end of the day having to do everything on her own then has to make dinner, for one night only breaks the rules and gets take away (I’m not going to judge her just cause it’s not my thing!) – or even worse, her family come over and shout her a meal because they know she’s doing it tough – then gets hammered the next day with assumptions because someone drove past and caught a glimpse of the TOP of her rubbish bin! I’m feeling sorrier for her by the minute.

Having said all of that…I do not really believe I have a better understanding of the situation than anyone else, merely pointing out the fact that sometimes things that seem obvious, are not necessarily the case.

I guess it always comes back to the lease contract that the tennant agreed to, and all of the other factors that come into play.

People on this thread have given some great advice, and what seems to be shining brightly through it all are – the rules are the rules, and treat others well and everyone sleeps better at night.

Whilst the scenario I gave earlier is only a hypothetical one at this stage, I am sure it has happened to at least one of you seasoned IP people.

I will go into landlordship focussing on the positives – ie rewarding good tennants and sticking to the rules for those that abuse my faith in humanity…

After all, without rules we would have anarchy. (Is this a bad thing, and does anybody really know if an anarchic state could truely exist?[mellow])

Basil [biggrin]

Great feedback everyone!

I have to say Dazzle, you made some really good points in relation to the use of emotive words. I have to agree with you in that one person’s ‘ruthless’ is anothers kindness, and as such can certainly not be considered as any sort of measuring stick.

If I remove the word ruthless and replace it with, say, ambivalence (though this could still be considered emotive)…I still can not break free from my own socialisation which forces me to think about the the other’s circumstances.

However…that being said, all who have contributed have given me food for thought. I can take from this the following:

a) the tennant willingly agrees to the terms of the condition, and as such is obliged to comply to those terms
b) if the tennant has been a good tennant, and the setback is clearly temporary – then it is probably better for all that the tennant stay rather than evicting and potentially having an empty property
c) if the tennant is clearly being difficult, then I would have no problem taking action to evict them
d) any problem is situation specific – meaning that it is hard to speculate without all information
e) and finally, I have to be true to myself. I have to be happy with the choices I make.

Finally, I can also take with me – yet again – that people on this site have so much to offer.

Great stuff
Basil[biggrin]