i’d get him to ring around a few real estate agents, and companies. find out if anyone needs short term accomodation.
if so, throw in some bedding, pots, plates etc.
and try and cover the loan that way.
cheers
shaun

Lead, Follow or get out of the bloody way

i’ve just had the same sort of problems.
tennant late with rents- about a month behind now.
been to the tribunal and she paid 200 dollars and now pays 205 dollars rent instead of 175 to make up the difference. a month later (thats now) she’s behind again. the PM is great, does all the legal stuff for me. i dont know how people manage their own…[Read more]

this is the mob i use,
only charge 8.25%
http://www.alliedaust.com.au/
they have been great

cheers
shaun

Lead, Follow or get out of the bloody way

mines my signature as well
another i’ve always liked is the nelsen mandela speech,
Our deepest fear is not that we are inadequate
our deepest fear is that we are powerfull beyond measure.
it is our light not our darkness that most frightens us.
we ask ourselves, who am i to be brilliant, georgeous, talented and fabulous?
actually who are we not to…[Read more]

If you ask me, as long as she was aware of the property for sale (she was given or sent written notice by the PM) and the lease only has 12 months for the original time frame, then she’s got buckleys. Sounds like she’s trouble, but I would think that she would lose money trying to push that one. Silly bugger

just found out the latest.
timtam you…[Read more]

the RE agent never even bothered to tell her.
it was originally her home until she moved interstate. she has literally no idea about real estate investing at all.
i know on my tennants agreement form there is no such clause in it, which is why i thought it must be a qld thing.
cheers
shaun

Lead, Follow or get out of the bloody way

i live in queanbeyan, send me an email with any questions you have.
steve’s right prices have gone through the roof here, however prices a dropping every second day at present as well. the problem is the vendors dont realise it (yet) and still have stupid prices on the houses.
look at
http://www.allhomes.com.au
then click on…[Read more]

thanks all, i will keep you posted.
as for an option, it must be a qld thing.
i’d never heard of it before, after all if you get a tennant from hell, why would you give them another 12 months in the house?
i will be meeting my friend again today, so i will let you know whats happening.
thanks for the replies

shaun

Lead, Follow or get out of the…[Read more]

rider hunt were the mob i used in darwin, very good. though they took their time getting the report done ie 4 odd weeks.
other than that no complaints from them at all. from memory cost me about 450 dollars.
hope this helps
shaun

Lead, Follow or get out of the bloody way

yay,
i’m a discoverer as well.[biggrin]
would explain why i was in the navy for 15 years!
cheers
shaun

Lead, Follow or get out of the bloody way

all of my family have made plans for this christmas, so theres no where i need to be which is a shame.
i volunteered to work christmas but thats all taken care of and i wont be needed.
my biggest dilema at moment is the christmas tree donation. i have 100 dollars to buy a pressy for it, do i buy five x 20 dollar pressies for the kids or one 100…[Read more]

friend of mine bought OTP in janaury this year,
its expected to be complete late next year.
i did warn him. the problem he has now is that he cant even get a loan to buy the place!
he doesnt earn enough money. i did warn him, but as you all know you can only lead a horse to water. [baaa]
cheers all
shaun

Lead, Follow or get out of the bloody way

if the market cant handle it?
well i guess we will be in for some turbulent times!
ie people cant afford rent, neither can they afford to buy, prices drop both on rents and house prices, a correction of some sort will have to occur.
this land tax is just forcing the issue.

shaun

Lead, Follow or get out of the bloody way

personally i just dont know about this “rip”
part of me says to form an opionion and stick to it, my gut instincs tell me to wait and see.
so wait and see it is. with all the mish mash of information out there at the moment its hard to tell what to believe. i have however figured this much out.
CG will be slow for a while (several years?)
go for…[Read more]

mines, finding a fast line at woolies or the bank etc, only to see it slow down.
this happens to me ALL the time, i hate it with a passion. its gotten that bad that i do my grocery shopping at 8am in the morning now.
banks are pretty bad, but now i just ring up in advance and get the bank manager to meet me when i walk in.
waiting at red lights…[Read more]

the only thing that saved me with the land tax was i lived in it for a couple of years before renting it out. i get a six year waiver (i think) but i suspect june next year when the new taxes come in i will be up for it. not 100% sure to tell you the truth, if so my rent will go up 15 dollars a week.
it one of six units, and buggered if i can…[Read more]

hey, nothing wrong with a hyundai excel!
mag wheels, cow seat covers and a dancing elvis (you think i’m joking!)
but seriously, i own two ip’s 20k worth of shares and a company worth 85k but as yet not producing an income stream.
i do want the z3 bmw (metalic silver, mag wheels, gps road map thingy and the dancing elvis) but i am willing to wait…[Read more]

found this article today in the NT newspaper.

Housing boom to last 6 years
By NIGEL ADLAM
December 3, 2004

Darwin’s property boom will last until about 2010, experts predicted last night.

NT Real Estate Institute head Sue Shearer said prices would go up by 6 per cent to 7 per cent per year before levelling out.

Prices have soared by 19.8…[Read more]

i have a 3 beddy unit in larrakeyah. personally i’ve gone for middle of the range type place. as i am after locals to move in who want the cbd (a 5 minute walk) and the beach (another 5 minute walk in the opposite direction). the higher the price of the unit, the more likely the vacancy rate as the only people you would be willing to rent are the…[Read more]

i have a good one,
several months ago i went to my younger brothers wedding in Cooma, my brother in law and i were drunk and goofing around with the champagne bottles, ie shaking them up and watching people scare the crap out of themselves when they tried to open them. at some stage i had to get up and make a speach. i was about 8 metres away…[Read more]