Thanks blackhotel and JacM :)

Hi Jamie,

Thanks for your reply.

The property manager just said about the story about the two boys death due to the faulty heater etc etc etc…….in melbourne……

The property is only about 3-4 years old………brand new when i bought it…… i just wasn't sure whether this is neccessary…..

Thanks

Hi,

I got a newly built granny flat on site which is transportable (ie: not on concrete slab). Built by a reputable company….

guess what……. after 1 years, i got phone calls from agents regarding the oven door doesnt close properly….
then 6 months after that, another phone calls regarding the toilet cant flush…….
I cant believe that…[Read more]

Was told that bank calculate interest on daily basis and it depends on when they close the account. The statement date may not be the date they close the account.

ie: Statement date 1/4/13 to 30/4/13

But due to long easter break, the interest is calculated from 28/3/13 to 30/4/13.

Hi Catts,

I normally dont check it. But for last month, there is a big jump of about $80 on the interest repayment compared to the previous 2 months. The interest rate stays the same for the past 2 or 3 months, I just dont understand why,  as the interest should be more or less the same, shouldn't be the huge difference.

I use the software as…[Read more]

Thank you guys!Really Appreciate your feedback!

Hi Powderfingers,Thanks for the reply. How long does it take you to sell?And do you do the staging yourself? or u lived in the house prior to sale?

Thanks Jamie for the feedback.Im happy to follow up with potential buyers, but in terms of negotiations, probably need to polish more.I think the market in the area is probably a bit slow/weak. Hence, may be a good idea to sell without agent??

You can update the variation if your circumstances change.if you overestimate expenses & underestimate income, not sure if there will be penalty……

Go to ATO website and download th variation form and check it out yourself. It is easy to fill in. I think it will be available from May for 2012/2013.Some people prefer a lump sum. Some would prefer to get the money back first. If you need some more cash flow, tax variation would help you a lot.Perhaps you can get accountant to do it for the…[Read more]

Thank you Razz

Thanks for everyone's input.The place is a timber floor board. Not sure how they would clean it.Just check the insurance product disclosure statement. They wouldn't cover for loss or damage caused by animal owned by the landlord/ tenants. If increase the rent by $10 a week, it probably wouldnt be enough to cover for any loss/ damage. At least…[Read more]

Hi Englo,can you show us some before and after photos, after you finished the reno.Taylor

Hi Adrian & Derek , Thank you for the info.Was told by the property manager that the pet is a labrador/ golden retriever type.

Most of the property became "waterfront property" water view at the front, big swiming pool at the back..

Thanks Luke.

JacM,That's very nice of you to find out the info. I really appreciate it. Tried to contact Natasha, but can't get hold of her as the operator said that there is no way of transfering the call. Anyway the guy sounds very helpful on the phone (GIO). He did mention 2 policy. I told him I want one policy with two coverages within it as it is just one…[Read more]

Thanx Janc and Jac.I was advised by GIO that if there are two separate tenants, then i need to take out one insurance for the granny flat and one for the house. So it will be two insurances on the same property. Is this right?Also, under GIO, they dont cover any outbuilding which is used for residential and if there is a separate electric meter…[Read more]

HI AJ,300,000k is a huge cash. I don't think many people start with they property investing journey with this huge cash which i think you are in the very good position to start to learn.if i was you, I won't get into debt too quickly.  even is a house loan. buy the house upright with your cash. 1) you don't have debt, all the net rental income…[Read more]