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  • Profile photo of PsychiatristPsychiatrist
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    April 10, 2007 - 9:11 am

    I would reccomend you keep tenants out while your trying to sell, they mess up the house/unit and dont care that your selling or that you want the best price for your place.

    Im not happy with tenants at the moment… can you tell.

    Profile photo of PsychiatristPsychiatrist
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    August 15, 2006 - 9:28 pm

    Small dilema, i spoke to a few very close older friends, who say they wouldnt raise it by $20 a week that its too steep. One says to raise it $9 a week one says $15 – 16 a week? What do you all think about that now? Im so puzzled.[jerry]

    Profile photo of PsychiatristPsychiatrist
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    August 15, 2006 - 2:55 am

    Thank you everyone for your assertive, positive and strong help. I do get strength from you all.

    Its good to have a supportive network here.

    I will raise it, i am determined.

    Psychiatrist [thumbsupanim]

    Profile photo of PsychiatristPsychiatrist
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    August 14, 2006 - 9:46 pm

    I am in my early 20’s and have one house with another on the way before december.

    Profile photo of PsychiatristPsychiatrist
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    August 14, 2006 - 1:25 am

    They have been there almost a year, one month before the 12 month anniversary i will phone them and let them know of my plans. The other houses in the area that look like mine with the same condition are renting for $200 – $220, thats what i want also, but how do i go about that? It would be pretty rude if i just raised the rent from $180 to $200ish per week.

    Honestly i was thinking of $190, but now after looking on realestate.com i realise maybe i should raise more.

    I dont want to rip off my tenants, but its true, the insurance, the council rates, the intrest rates all go UP, so why should i be the silly clown handing out charity so to speak.

    Whats appropriate? $190, $200 i dont think id have the guts to go higher, lol

    The shrink!

    Profile photo of PsychiatristPsychiatrist
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    August 13, 2006 - 10:06 pm

    wow sarah what do you do?

    If i where you i would buy.

    Profile photo of PsychiatristPsychiatrist
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    January 24, 2006 - 11:05 am

    Queenslanders are beautiful thats for sure, but as they are mainly wood you will need constant termite sprays and keep a check on the stumps and any wood rot.

    Enjoy it, they are stunners and well worth it, also they do make decent returns especially if they are done up nicely

    Profile photo of PsychiatristPsychiatrist
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    January 22, 2006 - 11:42 am

    Dear Everyone and Wylie,

    Thanks for your wonderful and long answer, every workd of which i read. From this i will be patient and “try ” to stay calm.

    If i noticed big things wrong, do i mention them Now or at the end of their lease or whenever it is they decide to move out? If one where to mention somthing now, they may simply just move out and leave one with no tenant.

    So should one mention the greviances with the tenant now? or after the lease is up?

    I speak in an odd language, as im a shrink :-) [baaa]

    Profile photo of PsychiatristPsychiatrist
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    January 21, 2006 - 3:42 am

    I would reccomend buying an established home in an established suburb, you know the trend and ther is not as much risk involved. But im only a newbie, and am learning just like you. Good Luck.

    Profile photo of PsychiatristPsychiatrist
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    October 21, 2005 - 8:44 pm

    I was meaning, a program for your pc at home, you open it, you see how much is left on the loan, where you are up to etc, estimated loan end date etc..

    Didnt mean anything what you all are talking about *giggles* sorry if i misworded myself.

    Cheers xx

    Profile photo of PsychiatristPsychiatrist
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    October 21, 2005 - 2:28 am

    Im sorry to see your lovely tiles ruined like that. Id be so angry!

    I look foward to hearing some good news from all this! and some after shots as well.!

    Profile photo of PsychiatristPsychiatrist
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    October 21, 2005 - 2:18 am

    I would personally, only fix the things that are legally required, plumbing dangerouse things etc …. You hve been totally lovely doing all these little run around things .. are you actually making money on this unit?? Seems the tenant is a total cow. You have been a good land lord from everything you have mentioned!!

    If she wants airconditioning let her buy an airconditioner herself, the ones you plug in the wall if shes so concerned about her baby.

    She knew the unit didnt have the Hilton accessories when she moved in, so she shouldnt be so unreasonable now. Tell her that is she needs all these extras, you wont pay for them, if she dosnt like it, you might actually be better off with a new tenant ..?

    Psychiatrist !

    Profile photo of PsychiatristPsychiatrist
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    October 21, 2005 - 2:13 am

    I was planning on just holding the bond myself (in a special account), as the tenant is a family friend etc, the tenant dosnt mind, i just wanted to make sure if i did or did not have to pay interest on the bond to the tenant at the end of the lease term.

    Seems i dont… by the looks of it.
    Not that it will break my bank if i do have to at the end..

    cheers Psychiatrist

    Profile photo of PsychiatristPsychiatrist
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    October 19, 2005 - 7:42 am

    Thanks all for your advice, its been extremly helpful as always in helping me with my final decision.

    A wonderful support network we have here.

    Cheers..

    Profile photo of PsychiatristPsychiatrist
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    October 19, 2005 - 12:18 am

    Mortgage Hunter .. i just dug up an old post of mine and the reply yo uhave .. he he actually i think it was y uthat told me about the loophole hun .. xx

    —-

    Mortgage Hunter
    Moderator [2758 posts]
    Posted 01/09/2005, 08:35:17

    Jacob is correct – you can rent the property for 364 days then move in for 6 months.

    This loophole was designed so that people buying homes already tenanted could honour the lease yet still move in at the end.

    Cheers,

    Simon Macks
    Residential and Commercial Finance Broker

    [email protected]
    0425 228 985

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of PsychiatristPsychiatrist
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    October 19, 2005 - 12:09 am

    Thanks for that info and link .. I may need to phone them to ask. Does anyone know specificly if i need to pay the tenant intrest on their bond? I have not ever heard of this before.

    cheers

    Profile photo of PsychiatristPsychiatrist
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    October 18, 2005 - 11:28 pm
    When do I have to take up occupancy?

    within 12 months

    [+]How long must I reside in the property to establish it is, or will be my principal place of residence?

    If you have entered into an eligible transaction on or after 1 January 2004, you must occupy the home as your principal place of residence within one year of completion of the eligible transaction and remain in continuous occupation for a period of at least six months.

    Q -Once I move into the home, is it possible to rent out one or more rooms in the home?

    A- All applicants are required to occupy the home as their principal place of residence within 12 months of settlement or completion of construction. If your personal living arrangements do not impinge on your ability to make the home your principal place of residence, the Commissioner would be satisfied that the residency requirement has been complied with.

    Thats the mail i got from the FHMG peoples .. :-)

    What im doing is ok then … Im renting out my house privatly … in fact so privatly that after 6 months .. whos to know i havnt been living there for 6 months with my tenants …. ?
    Satisfying the criteris of moving in within 12 months and living there for 6 consecutive months ?

    So it is legal… but by not living there its not …so i guess its not.

    But it is in the fact im renting it out, even if i do move in before my 1 year is up, that would keep everything above board ..

    Profile photo of PsychiatristPsychiatrist
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    October 18, 2005 - 10:44 pm

    Mortgage Hunter, I dont have the exact document in front of me at the moment, however the Documents i recieved from the QLD FHBG department, worded the documnt i had to sign similar to this” You must move in within the ist 12 months, to be able to take this grant”

    They suffed up a little i think .. my lawyers say you have to reside in the dwelling for 1 year when yu buy the house, however the document says yo uhave to move in within one year, …. so basically after renting it out privatly for a year, i have got my grant, i dont ever have to move in cause whos to say i havnt been living there for a year ? and i can continue renting it.

    Thats basically what that document said when i find the thing, and i doubt i will as i think its interstate, ill quote it to the word for you. Maybe if you do a google search y0u can find out more if yoru interested.

    Cheers Dutch c

    Profile photo of PsychiatristPsychiatrist
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    October 18, 2005 - 6:57 am

    I know .. how dare they ask for a recipt .. *giggles*

    I actually dont mind giving them one, its just that i have to do it in such a way that im not doing anything possibly in a loophole *wink wink*

    What i want to do is put in my lik e’award saver’ account and just write them out a reciept .. can anyone supply me with a template or wording for a bond reciept?

    Profile photo of PsychiatristPsychiatrist
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    September 21, 2005 - 3:53 am

    I think that the answer to your problem Dutchess is to be interested in a richer man.

    Munjy

    Dont know any do you?

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