Thanks Jac… that's a great point!

I was thinking "oh, they might do 2, 3k of damage etc"… but yeah, they could really destroy a house if they wanted to!

Do you know of alterntiaves or cheaper ways of doing it. All my 5 properties are roughly $300k and i pay $500 a year insurance on them

Good call!!!
The one day i need it is the day i’ve let it lapse. you never think of things like “oh a broken window or damaged carpet” – but what happens when tenants destroy kitchens or flood places etc!

good call!

Thanks for that… RACV have been pretty good so far and i have motor vehicle etc with them.

AAMI – are you in VIC?

I use RACV and they seem to be quite comparable with their policies? Speaking off – has anyone started a thread on here about good insurers?

Honestly, i have 4 properties (soon to get my 5th – the one we’re discussing) and i’ve always been covered by home insurance and landlord, but never ever had to even use the landlord.…[Read more]

Thanks for your reply.
I agree – i’m not trying to be charitable or anything and perhaps i am being a little generous but yes, we’re only talking about $10 difference from market value and really, that might not even be the case (meaning i migh rent it out, have it vacant and find i have to list it for what she was paying)

But anyway, as i said…[Read more]

It’s in Victoria and been privately negotiated with the owner and tenant.
Long story short – i think they just had an arrangement over the 12 years. I’ve now just bought it and the arrangement they had is not worth anything. I’m getting the tenant signed up to a lease but as it was a very quick sale, she just physically does not have the cash for…[Read more]

Hi there – thanks for the advice. I spoke to the Cardinia Shire and yeah, that was more or less their response. No we can’t give you any garantee, but we can other things happening in the area, we’re promoting development and yours would need to be appealed. So in short – its not something we’re looking at doing for 3 years minimum, but this place…[Read more]

Hi Guys

Michael – not really wanting to put my life story here on this forum – re: Wage/Properties/Rental etc. I’ve got nothing to hide, just prefer to perhaps contact people personally or get advice in general. Thanks for your input though…

Hari – would you know of any to recommend? I’m in Melbourne but your post really struck a note with me.…[Read more]

Thanks…

So around 10-14k give or take just in getting the OK?

Would this be the fee from the drafting service and hypothetically – should it include everything? (Excluding obviously the dealings with the builder to actually build the thing)

I understand time is money and that a drafting service requires their expertise – but should they have…[Read more]

Thanks Laroc…

Appreciate your reply.

What i’ve found is that the companies that tend to do it all (propertysubdivision.com.au) tend to make a mark up on absolute everything – but have the convenience of a one stop shop.
What i tend to do is price check everything, be absolute candid with everyone i deal with and guage there responses… and go…[Read more]

THanks Jaimie and JacM
Jaimie – just sent you a PM with my emial. Can you check it out and keep me posted
Thanks for your time

Hi Guys,

I started this thread this time last week and i’m happy with my results thus far…

After searching online and waiting for peoples comments on here… i spoke with a young girl at “Corpred”. They had full inspections and online reports available and after some discussion with the teammember, i opted to do it online.

It asked me all the…[Read more]

Of course we all want results…

But honestly… if its an IP and you’ve renovated it yourself, perhaps even lived in it, like i had and mentioned in my original posting… what can they tell me that i can’t. In fact, isn’t it the opposite… i can list absolutley everything needed for the schedule when they are likely to overlook some things

Here Here Birchcorp (re: Investabit)

People should be proud of the service the provide and how its priced accordingly!

It’s a shame that so many proffesionals (dare i even say proffessionals) – over charge for services that they shouldn’t.

For example – this whole thing came up about having someone do this (full report), compared to doing it…[Read more]

Ok..

Sorry – i thought you were indicating “Do it Yourself….Fudge the numbers”…

But yes… you’re right! These guys offer a “we’ll do something you could do yourself service” at what they think is a fair fee!

Lets reiterate as this thread is all over the place.

2007 i used Deppro for $450 bucks (now $595) – posted report to my…[Read more]

Well, if you claim $80,000 for a kitchen renovation… when you live in a suburb with median prices of $80k for houses… than obviously! You pay not just to fill it yourself Birchcorp… but you pay to fill it in, than have it perused by someone who compiles the information!

What would you rather… pay a company $1k because they ‘say’ they are…[Read more]

George,
I agree and while i work in a completly different field… someone’s inidividual time should be well compensated. Charging more than $550 bucks for you to put your suit on, fuel up your vehicle, drive 100kms there and back, knock on a tenants door, come back, do the paperwork and so on… hell yeah, you deserve the money! Unfortuantly…[Read more]

Hi George, First off – my spelling/typing is really bad! I'm sitting here with laptop on knees and rather would reply quickly, than thoroughly so excuse my prose. I can confirm – i have just filled in an online depreciation form with corpred, "silver" ($229 plus GST) after having a great call with a very friendly, polite, woman who called me…[Read more]

Hi Guys,

Okay, question above in particular… but i’ve also spent some time talking with some people on the phone! I’ve called a few depreciation business and gotten different feedback. As a “layman” and an investor who is keen on getting the most bang for my buck, but also one who is not going to drive himself crazy shopping for the best price…[Read more]

Thanks for your feedback,

Okay – so from what it sounds like – to me is that its lots of hard work, non-eventful personal weekends and relatively average money.

$500 per week really that low? That’s around $35k a year ( I know as my little brother takes home about that much for a similar amount)

I can understand it can be lucrative once you…[Read more]

Did you see the first post Cowenan…. UNder 400k and preferably budget!

I’m specifically requesting looking for your cheaper, dare i say blue collar type areas to invest in

Regards