Here’s a thread from last August that you may find interesting.

https://www.propertyinvesting.com/forum/topic/18778.html

Celivia

THe link doesn’t seem to work, the.j, all I get are symbols. Can’t remember where I found the info and picture of the cars, but if I do find them, I’ll paste the link in a post here.

Celivia

I use EXEL. How’s that new program working for you, Redwing, is it better than EXEL?

I have a binder with dividers for each category, e.g. tenants, inspection reports, insurance policy.
All this info for each property could be kept in their own binder.

For tax purposes I have manilla folders, in where I store (after entering the details into EXEL) e.g. one for each loan, one for petty cash receipts (usually I staple these together), tax invoices from Property manager, rates, depreciation schedule, etc. Manilla folders are going into a filing cabinet.

Celivia

Wouldn’t it be mainly the vendor’s solicitor’s fees going up?

I was going to ask the same thing, Munjy.

If I bought a house through a private sale, why should *I* have to pay extra solicitors fees?

Shouldn’t the contract be made up before listing or advertising the house for sale?
I thought it was the vendor’s responsibility to come up with a contract?

Celivia

I caught a glimpse of a story on TT in where they were talking about a serious “man drought”, and they even named some suburbs where the most single men hang around…hehe perhaps ya can look around there for a man with big pockets, Dutchess [biggrin].
He’d probably ask ya to sign a pre nup though [blink]- before ya go any further…[buz2]

PS this is only in jest as well![party]
Celivia

Yes, I agree that safety is extremely important.
I wouldn’t want my tenants to live in a house that I wouldn’t feel safe living in myself.

We do have a security system, hard wire smoke alarms, deadlocks on all doors and safe windows. Better protected than our own home!

I would really hate the thought to have bars in front of the lovely old-style windows; it would completely take away the looks of the place.

I would not want to live in a house with bars in front of every window. I think it’s quite OK for an apartment to have barred windows, but on a house it looks aweful. I agree with Wylie that it makes a house look like a jail.

I would much rather, if I had to make the windows safer, opt for deadlocks and even roller-shutters (not fond of these either, but they look much better than bars!)

Celivia

No, it’s not just you, rumin- I have the same problem.
I think I’ll let the administrator know as well because it has been like this for weeks.
Hehe I always tend to wait till things get fixed by themselves, miraculously… [biggrin]

Celivia

Interesting topic, Giddo.
Even though I am far from being a homo-economus, I will post my view here.

“Rising petrol prices are not good for the economy”, so Costello said, I remember reading last month.

Ands experts said that every 2 cents increase in the price of petrol adds 0.05% to inflation.

I do not know what to believe- but I can imagine that about the same can be said if oil prices would be falling, e.g. when oil prices are low projects will be postponed or terminated; oil companies will be spending less and shrinking, costing jobs; oil companies fusing, blah blah.

Everything relates to everything in life, in economics, so there must be a connection between petrol prices and recession/inflation, but not merely that- there are, and always will be, other influences as well. Chain reactions, domino effects, we have heard it all.

Every time somebody says that ‘this’ is connected to ‘that’, ‘this’ relates to ‘that’, yes they will always be right because everything relates to everything- it is just what you search for and you will find the connection.

We all just have to work towards a future that makes us less dependent on oil, this must be our priority.

It is perhaps a good wake-up call for humanity to have an increase in oil prices. It may force us towards taking more action towards promoting/producing energy alternatives.
That’s why [medieval] I [medieval](just protecting myself here hehe) also think that the govt should not be responsible for artificially keeping oil prices down- if they do, people will never reduce their oil consumption and never start thinking greener. Also, wouldn’t the tax payer be paying for it all, anyway, somehow?

We need to start to think greener faster and now is the time to get more serious about sensible energy.
Hehehe, why fly to the moon “again”, costing (how many?) millions/billions when we may not even be able to drive around in cars on earth in the (near) future? Now- THAT will have a big connection to a recession! TSK if there’s even TALK about having ONE car-free day like they have in the European countries, there’s some panic in the air!

Celivia

“Depend if I do it nicely or cheaply. I can cut through the concrete, move the pipes, reconcrete again, quite expensive, couple of grand. Or I can run a pipe from the new location to the old, but make them of different level, ie lower part in the old location, and higher in the new, so the water runs down.
It won’t look as good – it’s right next to the front door, so a pipe of about 3-4 meters will be sticking out along the wall.
I am prepared so save some money this way.“

I’d go with nicely! It will be worth it. Visible pipes will always catch peoples’ eyes, and future buyers/tenants can easily be put off by the looks (I would!).
How much would the ‘cheap way cost you? $500-$700 perhaps?
SO for about $1500 more it will look much better. If you hold the apartment for say 10 years, it’s only $150 more per year over 10 years…
But it will sell and rent much easier if it looks good instead of crappy.

Better to do a professional and proper job rather than a cheap job which you may regret later [ohno2].

Celivia

Dazzling, your problem is that you are too tidy!
We don’t have a RC door in our own home (our garage is so full of my husband’s [smash]”indispensabilities”[smash] that our cars don’t fit in there anyway), but our IP has one.

It is very popular with tenants, but last year the motor broke and it would have cost over $400 to repair. I opted for a new motor, which was over $500.

So these extra gadgets and electronic thingiemebobs are all very great until there’s something wrong with them.

But yes, I appreciate the depreciation.

Celivia