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Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of jwakleyjwakley
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    @jwakley
    Join Date: 2011
    Post Count: 9
    July 30, 2011 - 11:35 am

    HI There,

    That is correct, we are going through the motions of changing Strata Management.

    Are thre any people out there that self managed a property also? ans is this a wise option?

    I am in a block of 12 units so not a lot in the scheme of things but not sure how hard this would be or if it is physibel?

    Thank You for the referral I will check them out:)

    Cheers Again
    Jason

    Profile photo of jwakleyjwakley
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    @jwakley
    Join Date: 2011
    Post Count: 9
    June 26, 2011 - 8:07 am

    Hi THere,
    Thank You both for the great advice, will definitely keep that in mind and shop around for appraisals

    Profile photo of jwakleyjwakley
    Member
    @jwakley
    Join Date: 2011
    Post Count: 9
    June 22, 2011 - 11:57 am

    Hi Guys,

    In my mind, for all investors regardless of property price and/or location, I still don't understand why people dont take out the Landlord Insurance, for "most" cities for as little as a doller a day its a no brainer in my books and also claimable at tax time which has also been mentioned here by Michael.
    We spend thousands of $$$$$$$ on Car insurance which is nearly everyones case nowhere near the price of a an IP, so for a few hundred dollars for comprehensive landlord insurance its definitely WORTH IT :)

    Cheers
    Jason

    Profile photo of jwakleyjwakley
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    @jwakley
    Join Date: 2011
    Post Count: 9
    June 13, 2011 - 10:14 am

    Ok so as long as I move in for a short period of time within the 6 years it starts again, even though it had been previously leased.

    Great, also good to know.

    Thank You very much again.

    Cheers
    Jason

    Profile photo of jwakleyjwakley
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    @jwakley
    Join Date: 2011
    Post Count: 9
    June 13, 2011 - 9:54 am

    Great, Thank You very much for your help on this one.

    I have heaps to learn but good to know there are people on here willing to help:)

    Cheers again
    Jason 

    Profile photo of jwakleyjwakley
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    @jwakley
    Join Date: 2011
    Post Count: 9
    June 13, 2011 - 9:42 am

    haha yes your right, missed the "n" there.

    Ok So I would assume in that case after 6 years the capital gains tax would be calculated from my current valuation prior to leasing out the property correct?

    And if I was to sell before the 6 year period (from start of lease, which is now), there is no CGT to pay?

    Cheers
    Jason

    Profile photo of jwakleyjwakley
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    @jwakley
    Join Date: 2011
    Post Count: 9
    June 13, 2011 - 9:29 am

    Hi Terry,

    Yes thats right, I have been living in the unit for the past 3 years ow leased out.

    If so you may be able to avoid CGT totally and still rent it out for up to  years as long as you are not claiming the CGT main residence exemption on any other property.

    Sorry up to how many years ? (your above statement)

    Cheers
    Jason

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