You need to compare the rentals in the complex and in the suburb to the unit your looking at. Will the rent be the same? Is the rental demand high or will it be vacant for a while?Most body corporate fees are tax deductable but I don't belive sink fund fees are from what I've read.Have you had someone looks at the strata paperwork incase the…[Read more]

Have you already purchased the property as you say you have but then you say you'll be borrowing the full amount? You need to speak with a solicitor about this and have him go over the contract plus other stuff. So much stuff needs organising before hand. What happens if you two split up and the title is in your name but mortgage is in both yo…[Read more]

WomeninPropMelb wrote:
Well that is good for the property market but not good for investors… well in some senses. I just dont get the way the press promotes these things.. they are all doom and gloom here and last night on the Tv first time they are saying it has turned around. But try finding a bargain! Pft… no where to be found!! Good…[Read more]

WomeninPropMelb wrote:
Good on you RyanJD. That bug is hard to shake once it gets to you. I hope you buy well. They are saying the property market has turned the corner here in Melbourne (which I suspected) so probably good time to pick up some good buys before too many people figure that out and get back into the market and push prices up.…[Read more]

Dubstep wrote:
Good work.    Get those locks changed  !

Will indeed tomorrow! Going to head to bunnings and look for new locks and possible a new front door, tenants decided to paint the door with wall paint that was in the garage from previous reno! hahaAlready feel the reno bug crawling inside so better not let it excape to much. With fou…[Read more]

Called the Magistrates Court and Bailiff Office.Property Seizure & Delivery Order has now been cancelled by the Magistrates court after emailing them both with details.They are going to send me a cheque for $368.40 not including the application fee which was $66.

So just got back from the IP. Tenants have removed all belongings from the house and garage except 2 CRT tv's, a lounge and a few car parts. No damage to the house by tenant but very dirty walls and floors need a days clean, paint chipped off some walls and some skirting board has been cracked or fallen off. I'll leave as wear and tear. Took a f…[Read more]

Well tenant has just sms'd me saying my keys are in the meter box, so going to go over and see tonight with a friend and take photos of everything.If its ok I'll call up the magistrates court and see what the process is and if i have to cancel the bailiff and if i can get a refund.

"Safety Switch" aka residual current device (RCD) Depends on state! W.A. info below, your not allowed to sell or rent your house if you don't have them.http://www.commerce.wa.gov.au/EnergySafety/RCD/

Thanks for the input "WomenInPropMelb", I just hope I can get all of this done quickly so I can move new tenants in and carry on looking for another IP.It has been a good learning curve for myself as I've only been a landloard a year and a bit. I have friends who are private landlords and they wouldn't have a clue what the process is if a tenant s…[Read more]

The tenant still lives at the address and both court notices were send to that address by the courts. I got mine fine so good chance he is lying like the rest of the things he lies about. I've got emails and sms's that he has been lying about things through out the last 6 months in case he wants to play innoccent to the courts which I'll use it a…[Read more]

Check your councils website or give them a call. If it just yourself with a computer it should be fine.If people are coming and going, multiple staff, cars etc thats another thing.This is the stirling council document – http://www.stirling.wa.gov.au/Business/Businesses-commercial-and-industrial/Home%20based%20business/Home%20Office,%20Occupation%20…[Read more]

Time to give up vacant posession of the property was Wednesday. Tenant says he knows nothing about it and wont move because and didn't get any letters from the court. Also says he has the best lawyer in Australia!  Must of been the same lawyer who told him to withhold rent from me haha.Just filed for a Property (Seizure and Delivery) Order which…[Read more]

Well I told the court they owe about $2700, didn't move out or pay the rent before the notice termination day. Did not mention anything else. One thing to note is that the court application is 30 days max from the termination date, i knew this but forgot the days which ended up being 31 days but the judge said he has accepted it under his power to…[Read more]

Just went to court Wednesday, tenants didn't show. Contract has been terminated by the judge after i showed them the evidence. They have 7 days to leave the premises. So we will see what happens. They are currently 1 month behind in rent. I got landlord insurance.

First make sure you can subdivide before spending money.If you subdivide and build the new townhouse will be an investment because you'll be living in your current house.

When a auction I went to (WA) got passed it was 10% deposit, no building or finance clauses in contract and 30 days settlement.After it got passed in they had open deposit offer, finance clause allowed but didn't ask about settlement.Make sure you got your finances sorted 100% and check ya credit file in case of any problems!Can you not just call…[Read more]

I've noticed houses repossesed by banks don't budge on reserve price at auction. Not sure if this is due to legal issues if the house sells for less then it's worth and the ex owner can sue.Do you know which bank it's with? Maybe setup finance with them if an good offer can be made

I also used Washington Brown, was about $550-600 for my 4×1 in Perth. Only problem I had was trying to email them at one point. It said there email inbox was full and they couldn't accept anymore.They called my tenants to arrange a time. Took about three weeks from emailing them to getting the report. I initally was going to do a checklist type o…[Read more]

Hardly anyone looks at property in the newspaper anymore, unless they are the elite type stuff i would think.Most people just use realestate.com.au, domain.com.au or gumtree.I used gumtree and had over 10 applications in 10 hours. Some not worth the reply or read.You can always get a property manager to advertise on realestate or domain for you…[Read more]