cool will do

we are looking in the Chelsea Seaford area

Your not a charity and sounss like she is using the situation to her advantage and Centrelink – not yours. Are you happy with all other aspects: paying on time, keeping the peroperty well maintained?

what suburb?

that makes sense – can double check with accountant at tax time.Thanks

We manage our own IP (only one) it is 3 hours away. In victoria you can get a landlord pack from consumer affairs (no cost) which has bond lodgement and contracts etc. Our tenant pays directly into our nominated account. We have made some concessions in that she pays rent fortnightly (works out better for us), she pays slightly below market rent.…[Read more]

Thanks Paul – really appreciate your time and the suggestion of contacting the Strata Title committee Manager, wouldn't have thought of that. All the units look individually owned. Would the Strata Title Committee Manager be c/- of the complex? I definately will let you know if anything evenuates. Cheers

Is the property suitable for being set up as short term, or holiday furnished accommodation?

One other point I forgot to mention is that we have lodged a spare set of keys with the local locksmith.

We privately rent. It has been working out fine – tenant pays straight into our bank account. We charge slightly below market rent (as we don't pay fees). She appreciates this and has used this money towards a gardener, fantastic for us as the property is very well kept and presentable.The property is a 3hour drive away.So far – so good for…[Read more]

Hi Yarpos,Just out of interest whereabouts in South East (we are in Aspendale). Cheers

I think it is commencing Sep/Oct

google first home Savers accounts (FHSAs)

It may have something to do with potential liabillity, seeing how it is a deceased estate? Maree

Hi Richard, just to hijack the post. We lived in our property for 12 months then moved towns and now it is our investment property. Can we claim "any costs associated with the mortgage establishment, conveyancing and mortgage stamp duty etc " for the FY just past? Regards, Maree

Our property is 60years old and we are claiming depreciation via a quantity surveyor and are claiming the same.

Hi, I am noooo expert on rent to buy – but it maybe a way to bring your property up to positive rather than negative. Essentially, you can offer rent to buy to your existing tenant or advertise for one. The tenant pays above market rent to ensure their option to buy the property at x date in the future at a predetermined value. In addition to…[Read more]

don't forget to add to our list: batteries for our torches

Real Estate is a long term investment. But if your position has changed since purchase – then the only out maybe to sell at a loss sadly?Have you considered a rent to buy option?Regards,Maree

I grew up in Bendigo but haven't been back for a decade. Big regional city – not an easy commute to Melbourne though for work. Ballarat is closer (but colder). Water is a big issue. Not too many bargains to be had in either though compared to Traralgon – plus Traralgon is getting/has got? fast rail.