Forum Replies Created
Hello,
I also was interested in these last year so I started to look into them and experienced similar to qwerty.
You can e-mail [email protected] and they will e-mail you houses they have around the country or you can go to their website and join up if you want to check them out.
This will at least give you an idea of what they have. I still get them sent to me just to keep an eye out although I am yet to find one with a good return. They appear to go more for newer homes these days and the returns are not good. To give you an idea the following were sent to me recently: Baulkham Hills, Sydney Price: 520,000 Rent: $430, North Strathfield, Sydney Price: 675,000 Rent: $500, Albany Creek, Brisbane Price: $449,000 Rent: $360.
Although I do have a friend of the family who has one and they are very happy! I prefer to find my own as I find you can negotiate a better deal.
Hope this helps
Cheers
FluffyHi Masteraccountants,
I have sent you a PM!
Cheers Kylie:-)
Cheers
FluffyThanks everyone for the valuable information.
I am going to chat to my Aussie accountant next week and am then going to talk to a NZ solicitor.
Masteraccountants, Wow, so much cheaper than set up in Oz! Looks like a trust is probably the way to go. Can I ask, with a trust in NZ, do you have to distribute funds immediately (like you do in oz)?
Also, would you recommend getting a solicitor closer to where you are buying the properties or doesn’t it really matter?
Cheers
FluffySounds like you have been given advise already but thought I would add my experience.
I too have had drainage problems and after getting out a plumber who didn’t want a bar of it I decided to do it on my own. Based on my own experience below is what can be done.
As suggested previously you can buy an Agg. pipe from Bunnings and some gravel. Dig a trench, (at least twice the size, (width and depth) of the actual pipe. From my experience it does not have to be layed in an S shape however it should try to have it sloping slightly. surround pipe with gravel. From memory the Ag. pipe costs aprox $35 per 5 meters. At the end of your drain you should build a pit and fill it with gravel. This way any excess water will go into the pit and subside into the land. I placed my pit leading into the garden so it would act as also watering the plants.
Hard labour but cheaper then getting someone in to do it.
Good luck with your project.
Apart from this you can try a gardener who may do it for you.
Cheers
FluffyHi Gatsby,
I usually get my IP’s QS when I settle but they have never been new properties. My parents own an IP and they only got a depreciation schedule done 2 years after original purchase.
I am not an expert in this area however I recommend you contact “Depreciator” on this site as he has helped me immensely. He is very knowledgable in this area and obviously has to keep up to date with what Tax office requirements are. I’m sure he will sort things out for you or at least point you in the right direction.
P.S. Thanks Depreciator for all your help – greatly appreciated!
[biggrin]Cheers
FluffyHi Monopoly,
Not being too nosey at all – I have 3 IP’s currently and only usually do this as a one off with every new tennant. I find it adds a nice touch. I have had feedback from my landlord that they seem to appreciate it and some have sent their thanks via them to me. One tennant in particular prunes all the tree’s for me and even pulls weeds out of the grass to try to keep the lawn looking nice – saves me from hiring someone or doing it myself.
Again, nothing substantial enough to say they would not have done this anyway. I understand in wanting to keep it as business not personal, not forgetting that customer service also plays a vital part in business though. I think that if you can put a picture in the tennants minds about you not being the horrible landlord then this may help too.I agree that the property Manager is the key though and if you have a good relationship with them and reward/praise them when necessary they will look after your interests too.
My outlay on these items is not a lot only aprox $15 with each new tennant and I have also replaced items or put in fans etc for tennants. Seems to keep them happy and is then tax deductible.
Cheers,
Fluffy
Newgen,
I agree that you may find the valuation is purchase price which seems to be the norm when you purchase a property. I suppose when you look at it market price is what the last person paid for the property (which is you).Don’t forget banks will always be more conservative then say real estate agents – banks take into consideration what they may get for it if they had to sell it reasonably quickly too.
In the past I have found it depends on who you are dealing with and which bank as to whether they provide you with the valuation price. Some banks in the past have not wanted to give me the figure (company policy) although I have then escalated the call to the Manager and almost had to demand to know (in a polite way of course) in which they have then told me. Unfortunately you may have to get a little pushy. I think some banks just don’t want to tell you as are worried with what the reaction of the owner is going to be – you may have to re-assure them that you are just curious to know the valuation price and feel you have a right to know (as the owner).
I have a good relationship with my Branch Manager of one of my properties and he has advised me that he is not supposed to say (again company policy) so he gives me a figure so I can work it out for myself. Eg. between $110 – $112. Very funny.
good luck – cheers,
Fluffy
HiTinkerbell,
Thought I would share with you what I do for my tennants. Rather than gifts as they go along the lease, I usually start with something at the beginning of their lease. I add those little touches like toilet paper in the toilet, nice smelling scents in the bathroom and I leave a bottle of wine with a note on the kitchen bench saying something like “Hope you enjoy your new home”. I do this cause I feel that if I treat people with respect or like I would like to be treated they may feel at home then they may look after the house a little more like its their own. No analysis to say this works but I havn’t had any problems so far. I don’t think it actually keeps your tennants there forever but may help start off the relationship well. I then leave the rest up to the property manager, usually getting them something as well if they have done a good job, nothing large, sometimes just a small note of appreciation is enough – everyone likes recognition for a job well done.
Hope this helps.
Cheers,
[happy3]Fluffy
Ooops, just realised it was depreciator that posted the offer – still getting used to this forum.
[blush2]
Cheers,Fluffy
Hi All,
Thanks so much for your replies, much appreciated.
Mortgage Hunter, wow, thanks so much for your offer, I only got a chance to check this today so I have left a message for you on the number you provided. I will try to call again on Monday if you are available. Appreciate all the help I can get.
[biggrin]
Fluffy