Under their landlord policy NRMA have certain amount of cover for building damage cause by the tenant. If the same tenant default on rent and damage the building at the same time. The claim is count as one which only access fee applied.

One of my investment property used to cover under NRMA landlord insurance. The tenant who live there had defaulted on rent about 12 weeks. I made a claim after evicting the tenant. It pretty quick, fully paid, no drama.

The only problem with its policy is I have to make a seperate claim if I want them to pay for building damage caused by the…[Read more]

You can put a special condition in the contract for the tenant prior to leasing the property. The condition should state that the tenant aware of the GF construction. They need to allow people to have access and carry the work. You can put a temporary electrical meter and pay on amount used and share the service charge. Water usage can be share…[Read more]

Hi Christine

I already have available finance in place. I have $340k available as LOC  (equity draw out of PPOR) and $320k cash sitting in my offset account ( as My PPOR paid off this account is offset to #1 IP). I am planning to buy 2 $500k properties and use $340k to fund 20% purchase. The $320k will be use to renovate or add value to both…[Read more]

Hi Christine

Thanks for sharing yours. My goal for 2014 are:

1. Depend on the property market. If the market is good I am planing to buy #4 and #5 IP.
2. Research and improve knowledge on commodity investing. Probably invest some money in this asset class.
3. Increase my offset account to $400K.
4. Learning on commercial property…[Read more]