Hi Jamie,

Unfortunately this property is in Adelaide and i live in Sydney/

I manage my property in Sydney which was never been vacant for more then 2 days.

Can i terminate the agent contract once they find the new tenant’s or will there be any legal implications?

Thanks and Regards
Raj

swampy30 thanks for the Advise

Firstly, it looks like the agent made a mistake. They are only human, remember.
Agree with this point
However this is a very basic cock-up that a good agent should not make.
Agree with this point

A tenant can only be “moving in” once a lease is signed (i.e. they are committed) and keys handed out.
Agent confirmed…[Read more]

Thanks a lot for the advice

So we need to keep the unit vacant till we find tenants and pay the rent to friends, then we can claim the loss.?
To be clear with ATO, what sought of documents we need to supply that the property is vacant and available for rent?

Hi Kylie,

Thank you very much for the suggestions

Hi Ryan,

To Trust your website, Can you please give me some testimonials from this forum who are new and used your website and got benefited like
• Having Positive cash flow
• Having Capital growth
If you can list them then i am more than happy to look at the posts and take up your membership

Hi Ryan,

My initial posting was on assumption that i can claim tax but as posters suggested it will be better to have a house then land, i have decided to go with the house.
When you say you can find me the properties can generate $10-20/week, have you consider my previous assumption like Interest rate @9%, other Miscellaneous expenses for any…[Read more]

Hi Ryan,

My goal is to find a property with the below assumption and have a return of $10/week after all expenses
Assumption:
Interest Rate @ 9% – Interest Only
Mortgage :$200k
Property Management Fee:$x
Council Rates:$x
Land Tax:$x
Property Repairs:$x

Property Income = Property Income – All Exp = $10/week

Challenge:
Will I be able to find a p…[Read more]

Thanks Guys for all the comments, i will try to find a property with block of land and keep you update with the progress

Hi Everyone
I also would be interested in attending a discussion group.
I am based in Hornsby but like to travel to any part of sydney, plez add me to the list

Thanks

Thanks a lot for your comments, I will investigate around Hornsby area…