Thanks IP Freely for clarifying what I thought was a bit obvious.
Victoria is cold in the winter.
Tenants like to be warm in winter.
I spent 5 winters in Melbourne and travelling all over the state for work, and
rented many different homes. Ducted natural gas heating is my overall favourite.
So if gas heating translates into tenant satisfaction…[Read more]

Would a tenant pay more for a house with “free” electricity and the option to be a bit wasteful with electricity ?
Surely the answer is yes.
So if you get more rental income from your property, that should affect the value.
Cheers
thecrest

It’s amazing what the Council can do if they want to.
Some time back, my local council in Sydney were awarded a court judgement against my builder for illegal “building” , because he internally divided a huge already approved garage into several rooms without a DA. They issued me a notice to demolish the partitions or they’d enter my home and…[Read more]

Victoria in winter ? Give me natural gas and lots of insulation please.
Cheers
thecrest

Were there any recurring objections with Councils to changing the title to strata titling ?
What were the main challenges ?
Cheers
thecrest

Go Ozlat.
You’ve plugged into a great resource bank here, lots of experienced and successful investors with a great variety of skills.
Nothing quite like it. You have a successful attitude so you will be successful if you keep doing what you’re doing.
Good luck.
Cheers
thecrest

Hi All & Thr1lled.
Thanks thr1lled for trying to locate a lease for me, I was on holidays away with a laptop but short on files.
Back with puter again and managed to find a blank simple english lease.

All the motels in our email and friends network report good figures lately and confidence.
This is despite all the political antics going on, shows…[Read more]

It certainly looks better if someone’s introductory post is just that, a self introduction, rather suddenly appearing as a stranger with a testimonial about a third party.
But new members who enter into the spirit of the Forum are always welcome by me, and I’m just another member, and it’s not too late to post a self introduction.
Cheers
thecrest

Don’t you just hate the smell of snake oil ?
cheers
thecrest

Visit the local courthouse, discuss with Chamber Magistrate.
Usually chasing desperadoes and skippers is fruitless.
Cheers
thecrest

Hi Michael.
The fact that you had to post this question means you don’t have the necessary experience to self manage at the moment.
If you would like to gain that knowledge first hand, then self managing is the way to go, but be prepared for hell tenants and heavenly ones and everything in between because that’s what you risk until you have enough…[Read more]

Any PM can transfer funds to your account twice monthly.
Cheers
thecrest

Certainly more to it than meets the eye, included with your ads, bookings and key handovers are :
key returns, email and phone enquiries,deposit payments, balance payments, extending for extra nights queries and payments, refunds, complaints, cleaning, maintenance like blown lights leaking taps noisy leaky cisterns missing bath plugs, .
If someone…[Read more]

Maybe clean first then assess.
Broken or worst areas could be replaced with pebble surrounded water features, garden oases, pots or furniture placings.
Tile repair sounds cheapest and tiles are so hard wearing.
Cheers
thecrest

Agree with Richard except with me it’s a case of my comments on our personal experiences with the dragon’s behaviour are unprintable.
If i looked at a contract with them i’d be reading it with a microscope for a month so time periods wouldn’t bother me.
CBA came through for us with flying colours by the way.
cheers
thecrest

As you know, there are 2 ways of paying for a roof over your head, rent or mortgage.
Neither should be viewed as subservient or superior in title, especially where a fixed lease is concerned.
In an occupancy battle, the fixed lease during it’s term is actually a superior document to your newly purchased title.
My suggestion is to actually go and…[Read more]

Neighbour maybe well meaning and helpful in the future so it’s well worth maintaining good relations if possible.
I suggest you sympathise and say how awful for you and advise neighbour that you will forward the email to the PM who is managing for you, then forward the email to your PM requesting they check it out and take action if necessary,…[Read more]

3 areas require correct structure :
family business ventures,
legal,
accounting / tax.

In all areas you need the protection and order of the correct structure administered by qualified and competent professionals .
This applies, as you already know in normal business practice, but where close and trusting family members work together, they tend…[Read more]

Hi Heaton.
Do lots of homework and get help from your accountant and solicitor.
Interrogate their tradesmen, elec & plumber.
No such thing as too much homework.
good luck
Cheers
thecrest

You’re very welcome.
Cheers
thecrest