What program did you use to generate the vdo?Can you give me the link so that I can generate a vdo for my businss as well please?

Re rejecting/accepting any application…you are ALWAYS able to justify your decision torent to ANY person based on;A. THeir ability to pay on time, every time, ANDB. THeir ability to properly maintain the property at an acceptable standard.  If the person appears to not have that ability, for whatever reason, then you are withing your rights to…[Read more]

This 'sundary and postage fee is just another cash scam to claw more money out of you to do the job you are ALREADY paying for.7-10% of rent is more than enough to cover all expenses; if not, then are you just paying them the 7-10% to 'just' recieve money everytwo weeks which is usually done via an auto bank transfer.And do they also charge the…[Read more]

OK, accepted….so why not include a clause in the REA contract that the "commission is due and payable within 24 hours of settlement"; = no settlement, no commission.This should ensure that he REA agent moves the deal long to closure ASAP as only then will they be entitled to any commission. Any other clause would have the effect that a REA would…[Read more]

Forget about a 'new' home; they cost more than an older home to start with. If you dump all your cash into a home, you cannot claim any as a tax deduction either. make sure its placed into a trust so that you can use it as an IP at a later stage.Building a new home will also tie you up for at least 12 months with your stress factor going thru the…[Read more]

I would ensure that you instruct your REA (in writing) that EVERY $ offered be accepted as a deposit (just $1 is all that is required to show 'consideration') to form a finding contract )once you 'accept' the 'offer'. If the REA forces a buyer to pony up 10% deposit will proberbly frighten the buyer away, especially if they are making several…[Read more]

Do I need a Certificate IV in Financial Services (Finance/Mortgage Broking) to do Lease/Rent/Option deals?

Which is easier to use? Do they both include download ability direct from the bank?Which produces the best reports?Which produces the best control features ie: additional payments etc?Which software do you recommend and why?

If you want to delay further, sack the conveyancer the wait for the seller to contact you directly. They MUST communicate that to you in writing.I would also suggest that their 'appears to be a conflict of interest' with the seller recommending the conveyancer (they must have done work with them before and wish to do work with them again in the…[Read more]

Accountants are about recording the past and not about planning the future. Nor are they usually property investors themselves.NEVER EVER cross-colateralise any of your loans. That is an 'all in' loan.  If for some reason one property needs to be sold or HAS to be sold, the banks can sell off any or all of your other properties as well as access…[Read more]

I would think the tax deduction would depend on who PAYS those expenses = tax deduction in their tax return.

You coulkd claim some of the rent as a business expense (home office space, based on floor area plus storage costs of tools etc = garage) plus a % of power, water, gas, rent.The Govt has just passed a new law in regard to exit fees (meaning NO exit fees are now allowable) I would also compare the costs of holding (continuing to pay morecosts than…[Read more]

If you have a current 50/50 split and wish to change it to 70/30 (and assuming that stamp duty IS payable; which I suspect it is NOT, but must be confirmed by ringing the state stamp duty office) a seperate contract can change the % entitlements without transfer taxes. To ensure that your additional interest is enforcable, you lodge a lien…[Read more]

Make sure you have access to measure up and to allow tradesmen in to quote for you and you are ready to go the same day that you get the keys.I would also ask for immediate access (again) and enter a contract setting out EXACTLY what you wish to do (paint, carpets, curtains etc). They are concerned that you may damage the property and then fail to…[Read more]

Keep the +CF properties and sell the negative CF property. Thats makes far more sense than selling you better performing properties.As or your own home, have you considered moving out and leasing your PPOR and leasing/renting a similar style property for less money?  You will find that renting a property of the same standard is usually cheaper…[Read more]

Not sur about stamp duty? As you are not selling to a 3rd party, I would suspect that duty 'may' not be payable. However, if it is, what about a seperate contract setting out the change in financial arrangement supported by a lien on the property (costs less than $100 in most cases) plus any legals.

For the sellers: I would think that the REA MUST offer reduced commissions as their costs are reduced, that is YOUR costs of the auctioneer is being divided between various sellers. If not, then ask them for a SUBSTANTIAL discount. If they will not offer it, go elsewhere.

If you dont sell, you will never pay CGT or selling fees.I assume you are after the trapped equity in the property to do other deals.Think of the following 2 examples dealing with the same property, purchased for AU$250K now valued at AU$400K with AU$150K in equity (assuming interest only payments).1. Selling: AU$400K less selling costs with a…[Read more]

The new lease an dthe rental management agreement are two different contracts. Just because they have re-signed a current tenant does NOT extend their management contract, they stand apart.Do not let them con you into thinking otherwise.Most management contracts also try and bind you to fees for the remainder of their management contract even if…[Read more]

The re-letting fee should be no more than $15; any more and they are ripping you off. They have completed no additional work for wich you are already paying them 8-10% management fee of which re-letting is a normal part of their duties.You should also see your origional contract for said fee.Give them a choice, refund the fee or find a new client…[Read more]