Hi Sheilsy,I suggest you read my post if you are thinking of a property with a pool.https://www.propertyinvesting.com/forums/property-investing/general-property/4320150

Hi Simon,A wealth of knowledge as usual.  Having the 260K in the offset account to negate paying anything is good.How would you solve this little problem?  PPOR has 260K morgtage.  Inherit property worth 450K but no debt..  Would you sell the 450K property and pay off the PPOR and then buy another investment property using the capital left ove…[Read more]

LR,The problem isn't if it is true or not.  the problem is the time and money spent proving it in court.Tysonboss,Yes, but he had a couple of outstanding warrants.  Here is a small place and he spent a bit of time at her majesty's pleasure.  It's a funny thing how paperwork can get lost, bail is refused and no leniency given by the ma…[Read more]

Hi All,Thats the company I was looking for.Thanks.C2

Contact the tenancy council and ask them for one of their booklets regarding tenancy rights, but don't let them no you are the owner.  Arm your self with their information and be prepared for what ever comes your way.  Also document everything you say and do if interacting with tenants or anyone else to do with your property no small or trivial i…[Read more]

In these days of litigation it pays to be cryptic.I think someone hit the nail on the head.

Yes, best places anywhere near the golden triangle CDU, Casuarina shops and Hospital.  Nightcliff foreshore.  Palmerston CBD.

Hi 1winner,Although the renewal policy didn't have a bearing on this situation, the insurance company was following the renewal policy which had been updated on their data base and claimed they weren't aware of the old policy.  If I hadn't kept a copy of the original policy, I would have had to accept their original decision.  I had both p…[Read more]

Hi Steve, Thanks for the update.A few suggestion for the next upgrade.1) If the system is slow then upgrade the server first.2) Make the new site first and beta test it before just switching sites.3) Don't change sites and try to upgrade as you go along.As with anything, sites change over time and members come and go.  Its up to the new members…[Read more]

The insurance company has finally come through.The cheque has been received and banked.2 Years of drama is finally over.Valuable lessons learnt.1) Read renewal policies very carefully.2) Keep all copies of policies, renewals and any correspondence.3) Be patient, keep to the facts and the result should be good.4) Be prepared to do the hard work…[Read more]

Has it actually been tenanted for the last 10 years or has it been covered by Public Housing where they still pay the rent even when no one is there.  I would ask to see the last 3 years tax returns from the pm and check for any insurance claims or repairs that have been done.  Damage tends to occur with in Public housing groups.  Check with Pu…[Read more]

Hi Wayne,Have you left for L.A yet?You might want to think about going to Universal studios or Magic mountain (six flags) in L.A especially if the kids are old enough to enjoy roller coasters.If you want to see some nice properties do one of the day tours through the private estates of the rich and filthy rich or a relaxing stroll along Venice…[Read more]

SURPRISE SURPRISE SURPRISE.The insurance company has AGREED to pay for a new pool and a little extra for goodwill.Now  it's a matter of waiting for the cheque to arrive.It looks like patience and persistance have paid off.C2

Hi Suffragette,Can you explain to your friend that the loan from the bank is 20 K short and you want to pay him the difference over X amount of time at X $ with X%.  I'm sure he would rather do that  than have the hassles of trying to resell .C2

Hi Terry,The damaged happened when the old policy was in place not the new one so the pool is definitely covered. About 30K to fix or slightly less to put a new one in.C2

Hi Blogs,Sometimes it good to be abrupt and point out negatives aslong as you also provide constructive critism and positive suggestionsI Totally agree with you about many young  and not so young people have the idea property prices will just keep going up and up.Thus the reason I mentioned to Joel about interest rates going up and property…[Read more]

Hi Terry,I've always been a property man and stayed away from shares and funds because I know absolutely nothing about them.  Property investing gives me enough headaches as it is but times are a changing.Can you PM me some more details and I will look into it.What country you in now?  A J T?I might have some work to throw your way.Thanks,C2

Hi Joel,Your plan is good aslong as the numbers stack up.  Make sure you factoring in rate rises or if  property values goes down.  Has your advisor pointed you in the right directions towards trusts etc.  If your GF is also part of the big plan then 2 wages will make it easier but make sure you both have the same goals.  Are you both prep…[Read more]

An easy solution is to offer the tenant a couple of nights free accommodation in a near by hotel for a weekend and do the painting then.  Alternatively find out if the tenant is taking any long weekends away or holidays and do the painting whilst there gone.C2

Hi Dee Dee,Without going into the nitty gritty of % and figures.Any extra money you want to pay should be put on the P&I part of your loan.The IO part of your loan will stay the same amount unless you have an agreement that any extra you pay is taken off the pricncipal.Are the loans fixed or variable?An advantage of fixed IO is that you always…[Read more]