that is not acceptable wear and tear in my books. I haven't been in your situation, they probably should have been issued with a breach once you identified them. You need to be proactive and have breaches issued and push for quotes for the repairs. That way you can keep some of the bond. Although the danger is they will stop paying rent and there…[Read more]

I was looking at Waragul the other day – properties are very reasonable and still possible to commute to CBD

We got early access on our current house. We put in the offer that if the house became vacant before settlement that we wanted unconditional access (it was tenanted). It did and we were able to get in knock down a wall, put a floating floor in downstairs and polish the boards upstairs and started moving in.

Hi Dylan – what was the wash up with approaching the bank for deferring payments?

Can't take credit for the weeks free rent – think that idea was in Steve's book Gee I am still astounded – Sandrinham as well!!

we were renting a shoe box in Aspendale for $320 a week and it hadn't been updated since the 50's no mod cons (but right on the beach). The landlord owned the whole complex and never had trouble getting tenants. I know how aggressive it is to rent around this way.We were very lucky to get it too as we had a cat and a small dog and he had never let…[Read more]

wow! I must say I find that staggering.Does it has air con? Is there anything you can value add to make it more attractive eg. dishwasher, update fixtures

I really like the Kensington area for close to the city. We bought a property in Seaford 6 months ago and already the property has risen $30k just through rising entry level prices. Without including the upgrades we have made. Lots of changes planned for the area with the Frankston bypass as mentioned above and the new marina going in at…[Read more]

I would reduce my offer by what it is going to cost  you to have the issues rectified or ask for the vendor to rectify them prior to settlement at your original offer price (that is if you still want the property?)

I would reduce my offer by what it is going to cost  you to have the issues rectified or ask for the vendor to rectify them prior to settlement at your original offer price (that is if you still want the property?)

does the zoning allow residential living?

Do normal lending conditions still apply in this scenario ie. minimum size 50 squares or above? Does the credit history/borrowing power of the people who have pooled their super come into it at all?

My advice is don't do it.. Duckster has stated some very valid points. Direct contact with the tenant creates a familiarity and leads to problems.If your determined to do it, despite the above. Please make any contact between yourself and the tenant in written format ie. text, email, letter, fax, unless for emergency maintenance. Please make sure…[Read more]

no I have been advised to avoid Corio & Norlane

Hey Halfback – did you end up buying? We are interested in the Geelong West area

very polite description Terryw "Its a different sought of world down there"

My advice is don't do it. It is too close and personal when you deal directly with the tenant. Ours ended yesterday and last week after a series of abusive voicemail messages and texts I actually had to call the police – the police wanted to charge them but I elected not to.We are $2500 out of pocket and a couple of days out of life and are still…[Read more]

thanks heaps Richard

If you change the existing loan to interest only repayments will take make keeping it more viable? Also don't forget to include depreciation costs into your calculations

ah thanks Scott