I urge you not to privately manage your IP, it makes it all too personal imho.

If you are set on managing it yourself, please protect your privacy by only giving your tenant a mobile phone number and email address (no landline numbers). Also make sure you use a PO Box for correspondence – preferably not in the suburb your living in.

Hubby and I have just done this – Richard Taylor from this forum got the process rolling for us, we settle next week.
It has cost approx $10k to do this (we were able to use our Super money for this cost).

We went through a similiar thing last winter and borrowed a column oil heater to get us through. We have now installed split systems.

Do they take a long time to heat warm up? I much prefer split systems, they are cost effective to run and you have the option of cooling as well

Hi Salina,
I am the forum member that Richard is referring to.
Combined my hubby & I had just over $100k in super. Richard is helping us get a deal across the line with purchasing a property in regional Victoria (very close to our existing IP) – so far so good

unhappydays – I am sorry but from a landlord point of view your post makes me cross. I am sorry that you have no outside support to assist you – but you do have options, you could move into a caravan park/backpackers/rent a room and store your belongings until you find accommodation. Yes that will involve moving your belongings twice – and it may mean you will have to wait a little longer to get your bond back and be in a position to move into another rental.
Your actions could jeopardise the settlement and cause financial loss to the seller & buyer, each of who are just normal everyday people stretching themselves to get ahead.
Yes you may not get a permanent black mark but it will be put on the real estate franchises internal list and I happen to know that local agents share information amongst themselves – so it could jeopardise your future rental applications

I am a little biased as I bought in Seaford 18months ago and love the area. But I have experienced good growth – paid $284k, next door recently sold quickly for $340k and there is a unit just up for sale with Harcourts for $369k – very nicely renovated would suit investment.
Frankston is definitely on the up and is experiencing great sales at the moment – especially with the bypass and marina that is occuring at the moment

Kikki K is fantastic for office organisation.

I scan each document and save onto a USB stick under the FY, then property address, then folders for bank statements, etc etc. I find this is what I refer too rather than the original. I enter the details onto my excel spreadsheet – I try to do this once a week.

I file them all into an expandable file for that FY, then store them in a storage box

With your calculations are you looking at Interest Only repayments on the loan? Plus depreciables – will the negative gearing drop you down a tax bracket? You can claim theses as a reduction in your pay or as a lump sum when you do your return

Corner blocks are good for dual access to the property, especially if it has sub division potential – but avoid a busy one (road noise). Avoid ones at T intersection – where the headlights will shine directly onto the house

Whilst being mindful of the mammoth scale of the flooding occuring at the moment in QLD and the very sad loss of human life – you may find unaffected/habital properties in these areas to be in high demand.
This certainly was the case in Kinglake (to my girlfriends property) after the bushfires as people hunted out something they could live in rather than rebuild
Edited to add – these floods could be a catalyst for a recession, just my thoughts