Hi Susieq,

As no one is answering I’ll give it a shot. I odn’t know much about Forrestfield so cna’t comment there, however, Midvale adjoins Midland and blocks in may parts have been rezoned to allow development on the back. Having looked in every real estate window in Midland this week, there wasn’t a lot of properties for rent in Midland or Midvale ie: each agent had about 4 -5 displayed. Most had spaces for more that were empty so I guess that’s a good sign.

Sorry can’t be more specific.

Regards
PK

David,

Will you have enough income from your reno’s to see you through retirement? If so, then do your reno’s and get the income together to live off. If not, then perhpas have osme rentals to provide inocme for retirement.

PK

Scremin,

The esturary’s not as bad since they put the Dawesville channel in. Yes, it still has it’s days but most of the time it’s fine.

PK

Great Post TeacherK6.

I odn’t have any myself, but my folks run a claeaning business and one of theri jobs is a roomhouse. In this one they odn’t have a live in caretaker, it’s run through an agent and the folks clean all the common areas once a week. The real esate agent pays them and charges the owner. They also clean the rooms ofr nayone that wants theri individual room cleaned but are paid direct by the perosn in the room for this service.

PK

Royalty,

I notice you have deleted all your questions and assume you feel offended. Please don’t take offence at the request to write the messages slighlty different. It’s easier for people to reply if it’s easy for them to read. The suggestion was only another effort to help. But if you get comments you don’t like then just ignore them, why miss out on the suggestions that can be offered and the opportuntiy to help others.

Having said that, your questions are also helpful to other people. Sometimes poeple reading through learn things too that they may not ask for themselves, so please do consider putting your questions back.

PK

Derek,

Thanks for being up here helping and for pointing out the groups involved as often we don’t realise what it takes to man a effort like this has been.

Well done to everyone involved.

PK

YEs you can do a reno to add capital to either sell or rent. Just make sure you always do your numbers ie: go through a reno with a fine tooth comb, write down each item that needs doing and then cost it.

In your costs you need to add your stamp duty, mortgage/settlement costs, holding costs (ie: payments on mortgage while renovating) and selling costs ie: cost of the agent to sell etc.

Once you’ve done that also add a couple of extra thousand for the things you find along the way that weren’t visibile or simply overlooked when you did your costings (there’s always something!)

Search the recent sales history of the area to find out what a similar homes that have been renovated are going for.

Once you’ve estimated what you should get then take off our costing that you’ve worked out. There’s your profit (or loss), and don’t forget you then need to pay capitla gains, take this off the profit. Are you happy wiht what you’d be left with? If so, go for it. If not start looking at the next one…..

Good Luck
PK

Yes, believe it doesn’t cost all that much.

I think it’s the Dept of Comsumer and Emplyment Protection you need to contact, but do a search on this site as it’s been brought up a few times so you should be able to check whether that is the right dept.

Regards
PK

Ah Wayne, you must be close.

We’re in the hills too but further away and just been watching, waiting and had written a list of what to grab if we needed to.

I hope they catch the culprits, for those that hadn’t heard, the fire was deliberately lit and has been burning for 5 days now. The heat and wind have not helped. Firefighters have come from all over the state to help because it’s been so big and out of control.

Hope it stays contained and the winds are favourable tomorrow. Good Luck.

PK

Ok, here’s some food for thought.

mikefrost and wezza, would you donsider yourselves to be good tenants (wezza, think the future, would you be a good tenant?)

When you left or leave home at 17, 18 or 19, where are you going to rent? I imagine it’s going to be in one of the cheaper places to rent as most young fold don’t earn heaps in their first job. So, your renting cheap, does that suddenly make you a bad tenant?

Secondly, your saving for your first home, so what will you rent in the meantime? Well, I rented cheap so my deposit would grow faster. Doing that didn’t suddenly amke me a bad tenant.

Now this about this, I came across a nurse who was posted to a country town. Now, you’d imagine a nurse who is trained in cleanliness etc so that patient care is good, sould be a good tenant? Wrong, this particular nurse took her dog with her to this town and each day when she went to work she locked the dog inside and she readily admits the dog often pee’ed of the carpet etc when it couldn’t hold on through the logn shifts she worked. SO, why did she lock the dog inside? Becuase the property didn’t have a fence all the way around. Why was she rentign ahouse without a fence, because the Dept of Health found the house and didn’t ask about fences, the owner thought yippee, it’s a government body, rent will be secure etc. Well, the rent was secure but imagine the smell of that house. My guess is that being a government body they probably got it professionally cleaned, but my point is, what and who you think will make good tenants, isn’t always the case. Don’t judge a book by it’s cover.

PK