Thanks Yack, I’m aiming for fair and firm.And follow the landlords guidebook to the letter.

I have individual leases on shared houses, and furnish and garden and pay bills (split house requirement). Market rent is hard to judge, but i’m cheaper than the university who do the same set up.

I’ve had a few experiences of picking up tenants at…[Read more]

Thanks Mel,
I notice you respond to a huge amount of questions from everyone. It is appreciated.[sunny]

The fee the accountant was talking about was for HIM to prepare paperwork for lenders.

Has he made this up? Would lenders need P/L statements, Trust Income reports or other stuff.

What does a lender require as far as documents go when a trust…[Read more]

DD,
I am all for the idea of paying someone else to do work (ie: maintainance etc) so you can spend ya valuable time on bigger things.

I am unable to use a PM at this stage as I am building a range of extra services for my tenants and can not leave such matters with a PM.

I agree though, if you just want to sit on the fence, have your tenants…[Read more]

Mel, strange this house had a bright pink bedroom too. I have had it painted a cool purple.

hmmm

lifexperience

OK OK, 2 months on, the saga continues.

Apparently the police have been to house many many times due to domestic violence situation with aforementioned tenants. (the landlord is never informed by police about such calls by the way, so leave your number with neighbours if you wan’t to keep your finger on the pulse)

Property is 2 hours from my…[Read more]

Marc1,
I couldn’t access your link, maybe just my computer.

In a booklet i have by the dept. human services vic, 2001. This is who to contact in Victoria, anyone have details for other states?:

Local Council, Environmental Health Officer

Dept. of Human Services(Environmental Health Unit) (03) 96374156 0r…[Read more]

I feel for you suzie what a bugger.

Out of interest, was there anything extra you think you could have done during the due-diligence of checking tenants background and history?

I have known many people who have turned bad tenants, i would suggest approaching them with a personal deal to repay debt/repairs. If you explain that they will have a…[Read more]

Thanks terry, mel and others. Great ideas
Plans are on hold til after financial year. I will keep you posted on what we do.

lifexperience

Geronimo,
Sure.. i will get exact figures, give me some time to hunt up paperwork.[cowboy]

lifexperience

My accountant told me last week that an additional charge of about $400 would be needed to prepare trust accounts for finance lenders of future IP purchases. And this would increase by a few hundred bucks as props increased.

Anybody know of this?[confused]

lifexperience

Hi all,
I have worked in many asbestos ridden workplaces and have an interest in this as such.

Your local council will have a booklet or guide with requirements for removing/disturbing asbestos. Ring them. Don’t rely on convincing opinions posted on this site that come across as facts when they are not.

I have also heard that there is more…[Read more]

Yup, i’m with 1cellnet.
You prepay calls (ie 50 US Dollars). over net.
You can use with existing optus,telstra,vodaphone whatever service you alredy have.

You initiate call (by computer=free, by e card thingy=?, by sms for old brick mobiles( ie 25c) or if you have a new mobile use gprs (1c )

Then satellite calls you back (just like when you ring…[Read more]

Thanks for guidance all,

Mel, how did you set up the last JV you mention. Did you see a lawyer to write partnership agreement.

Terry,
Are you suggesting the idea of having 1/2 the property in each trust. ??????
Please explain who appointers, trustees and which trust would own props.

This is the model i was thinking.

TENANTS RENT
V
V
V
MY…[Read more]

Thanks Rob…again[thumbsup2]

lifexperience

Try updating your virus check online, then re-running it. A friend has same problem, i will let you know how he gets rid of it.[smart]

lifexperience

Big prop near the coast with residence, 6 horses, a mule and a dozen chickens.

$20,000. BARGAIN

…oh, it’s in Bolivia.

Didn’t buy cause it’s in Bolivia.[dozey]

lifexperience

Ok, whatever,

But… when i start my own hamburger chain called Nacdonalds and sell Big Nacs, can I count on you guys to back me financially in case i get sued, it seems this would be legal according to you guys.

Your personal opinions contradict Intellectual Property Law.

http://www.ipaustralia.gov.au/ip/index.shtml

Bah

lifexperience

cool kay[specool]

lifexperience

MartinW,
Do you really beleive that negative is positive?

Dude, I agree that there are scams and shams out there and that some people are sucked in.

Some degree of skepticism is of course needed,

However, I am positive that being positive that being negative is positive… is NEGATIVE.[rolleyes5]

Everything has good and bad sides. You come…[Read more]

Soft on the outside[daisy], crazy on the inside[rolleyes5] and maybe too idealistic.[sad]

Awaiting, wallflower.

lifexperience