Wow, I am going to be very smart one day, if I just keep reading advice other people receive. Thing is, my brain isn't working much today (I've got a cold), and I don't know some of the jargon. What are LVR's? I am also trying hard to work out how to structure the loan we need, as husband and I have had our offer to buy 2 blocks of land next to…[Read more]

I get that you want to help your friends, but I don't understand why tenants think they should have all the rights. I also used to rent, and realized I was living in someone else's house. You pay rent to live in a place – that doesn't mean it's yours. I wouldn't like someone I hadn't checked out living in one of my rental properties,which is why…[Read more]

I had a similar thing happen to me. I was advised by the manager of the estate, that the couple who rent the townhouse I own, had moved another woman and her children in. The tenants said they were just visiting, but my manager was concerned – so he called me. I then wrote a stern letter to the manager, asking him to inform my tenants that they…[Read more]

Amanda, thanks so much!

I bought the townhouse in 2000 for $145000, and it's now valued around $216000. But along the line we refinanced, and our loan is now for $206000. The rent has increased from $165 to $255 over that time. I can't add to much value to it, I think, as it is a Body Corp situation, and things have to be approved. Our on site managers look after the…[Read more]

Thanks Devo76, I suppose I am just a little scared of over committing! Do you have any stragegies in place if you did lose the contract you're on, and didn't get work straight away?