Hi all
People talk about giving movie tickets as a reward to tenants that pay. You always talk about 2 tickets what if you have 3 tenants or 4 or more? Another thing 1 property may not sound alot $28/mth but if you have 5 thats an extra $140 / mth. How does this sit with the tax man aswell?
Just food for thought. I have asked this question before…[Read more]

I would atleast use the rent in the calculation, it seems a bit onesided to use the outgoings like management fees and not include the rent on the incoming.

Gee Mini that was quite an answer, but wasnt it a property crash that occurred before the 1929 stock market crash. The idea that owning part of a company is like owning nothing is an interesting thought, but I guess Rupert M, Bill Gates Etc feel they own something.I have no problems with people who say they prefer property and dont like shares but…[Read more]

Well said

Well done SIS
I know this is a property forum and so most people will only be interested in property, it just amazes me that people think that trading shares is like going to the racetrack. I have plenty of friends that think investing in property is sooooooooooooo ooooooo risky they just dont know how I do it.
Like SIS i have a plan I follow with…[Read more]

Hi All
Would I put my money into shares or property, at the moment I have made more out of property but then I have had it alot longer and spent alot more time on it, shares on the other hand I can see replacing my hubbys income leaving more time to look for property. I find at the moment property is definitely more time intensive, but like SIS i…[Read more]

Hi Yack
Yes I do own Caltex and there has been many other good stocks. It has not given a signal to get out yet all I was trying to say was that not all stocks are bad just like not all houses are good. I have made my mistakes with them as well. I like both shares and property I feel they both have a place in my investment plan.

Hi Westan
I am not saying that shares dont drop 50% in one day but if you look at most charts they have normally gone into a down or sideways trend before they do. As I havent got the hih Chart have a look at leightons chart it droppped 25% in one day but it had given you a warning that things wernt right 8 weeks prior when it crossed below its…[Read more]

What sort of tenants do you have that you need mug shots.

Hi
Yes I am talking CFD,s.
I couldnt agree more with aceyducey, people are limited by themselves. Most of what we do in life involves some kind of risk what we should try to do is minimise that risk not avoid it.
Erika

Hi All
I have read this thread with interest. The only point I would like to make is that the examples given with shares like HIH etc give people the impression that shares go from their high to $0 in one day. This just isnt true if you look at their share charts they have been going downhill for a while sometimes for years. They normally give…[Read more]

Hi Dave
Thankyou for giving me a good laugh, I had nearly forgotten how gullible people are when it comes to Russell IS. Maybe you should look at why the land is so cheap , compare it to other islands and be aware of that rising tide.

HI
Do most people have trouble with late rent payments. We have owned properties for about 12 yrs and have only had a couple of problems with late payments and in the end there is normally a reason that can be sorted out. I have one question when it comes to rewarding for no complaints, does this mean when there is a problem that should be fixed…[Read more]

Hi
We have used Jan Rodgers Real estate for about 12 yrs now. I have always found her to be very good and it is the only one of our properties we have never changed PM with.
Erika

We pay 5% in brisbane, but in Darwin we pay 9%.
By the way Kay it is worth asking your chemist how much a presciption costs as it can vary quite alot from one place to another, I was put on to this by my doctor who told me to ring around.
Erika

Hi Waf
No you are not entitled to see the valuation that a bank has done. You can contact the bank for a list of their valuers and you can pay for them to do one for you, have it addressed to the bank but ask them to send it to you first so that you can see it before the bank. The other thing you can do is ask them to do a verbal quote and if the…[Read more]

Great whats its name and link

Hi
If you sell the property for below fair market value you may find the tax dept calling. You usually need to be able to prove how much the property is worth.

HI Celivia
I keep all rent received and expenses for each year separate, that way at tax time I am not looking thru years of receipts.
Erika

In brisbane rate include water so you find that they are this high.