As you'd be paying rent for yourself regardless of what else you do, is it worth your while erring on the side of caution, and buying a modest house to live in yourself, & taking in share tenants at least temporarily (include a cleaning lady in the tenant's rent, or if you're capable, do the cleaning/gardening yourself for extra profit).     Not…[Read more]

No sure that you'd have $50 a week to put towards another property, at the same time as you'd be funding the replacement of carpet / curtains, and repainting for your landlady.The landlady may feel she's giving you discounted rent of $50 a week right from week one, while it could take you 3 (or 5) years to fund the chattel replacements.If you d…[Read more]

Hi Lefty,I've subscribed to AON for as long as landlord policies have existed, ? 9 or 10 years?Have never needed to claim, but find their cover to be pretty comprehensive, & at a competetive price.Cheers,

ummester wrote:
did you have to save a deposit for your first place cutyoungchic?

Yes ummester, I had to save a set amount over a 6 month period.   Unfortunately I don't remember the amount to be able to share the info with you.     I do remember going into complete shock though when told the figure    For my second property, and also these un…[Read more]

If a person really wants to own a property, REALLY wants to, they'd do their damndest to achieve it.Instead of bitching & belly-aching at others because of what they don't have, why can't they get off their backsides, & instead of watching TV every night, go get a part-time job at night.Restaurants, pubs, cafes etc are screaming out for additional…[Read more]

Well said Xdrew!My sentiments exactly Cheers,

" cuteyoungchic,It is a commonly held misbelief that removing NG in the 80s caused rents to rise. It only happened in Sydney and not the rest of the country. It was reinstated because of REI lobbying, not because of a rental crisis. "Ummester, I haven't mentioned anything about rents in either of my posts above.     Could you have got your pos…[Read more]

Where I live, there's no generation gap between the Baby Boomers & the GenYs.Quite a few of the GenYs are right into property investment, some of them while still living at home, are buying modest houses on large blocks just a bit away from the CBD.   After a year or two or mortgage repayments, particularly now while builders are quiet (& so are…[Read more]

Would you prefer the30% of residential properties that currently exist, become public housing perhaps?When negative gearing was abolished by the Labor Government in the 1980s, landlords offloaded their investment properties in droves, putting pressure on the government of the day to provide public housing for renters.I'd hate 30% of my street to…[Read more]

So Angel, number 4 addresses can be a pretty good find.Thanks for the tip, and your thoughtfulness Cheers

What is a cash bond?

I was wondering about the 14 days notice you gave to the Property Manager when you sacked her?How many of those days are left?If they're not out by then, what will you do?

You've still got some of the balance left of the 14 days notice you gave the Property Manager Rachel?If so, then can you get her/her boss, to move her butt as fast as possible towards taking the tenants to court?  Usually tenants don't turn up to court, but instead do a midnight flit the night before.

Anyone out there know a sqare metre cost for residential building in Western Australia?    That's inclusive of everything, floorcoverings, window treatments, kitchen appliances, outside paving, driveway, clothesline, landscaping.Cheers,

OceanArchitectural wrote:

cuteyoungchic wrote:
OceanArchitectural, investing isn't "hard work" physically, although other people involved with rental properties can make life very stressful at times.For most of us though, it's what we need to go without that makes investing such "hard work," particularly for the first couple of p…[Read more]

No sure what Vcat is, but your local Real Estate Institute will also be very interested.How much notice did you give the Property Manager Rachel?The bond is likely to be equal to the rent, so what of the damage bill?And yes, as Scott No Mates has suggested, raise the issue with the licensee of the agency – in writing is usually beneficial..It's…[Read more]

OceanArchitectural, investing isn't "hard work" physically, although other people involved with rental properties can make life very stressful at times.For most of us though, it's what we need to go without that makes investing such "hard work," particularly for the first couple of properties.   One also needs to be reasonably well/self edu…[Read more]

free, thanks so much for the link to trustytradesmen.   I'm onto it!Cheers

Rich Sparky,You want to do something about that anger problem of yours mate.It's making you see things differently from the way they're portrayed!

Sparky, you are 25 years of age, and you have workers, & you have apprentices???You have 34 investment properties???You earn $6,000.00 a week???