Did your solicitor advise to do a presettlement inspection ?
What does your solicitor have to say about the goods in question ?
Looks like the receivers have cleared you for disposal of the goods.
But in my experience the abandoned goods legislation is rubbery.
Good luck.
Cheers
thecrest

How much does it work out to cost the merchant facility (eftpos machine) owner per annum for the merchant fees on that payment versus what you make on the offset ?
Cheers
thecrest

Search the Forum posts, I remember someone mentioning a few weeks ago they bought off the plan in Gladstone, and now is time to settle and they have to settle and it’s a purchase at a loss, because values have fallen after coal market declined. I noticed receivers were recently selling Rusty”s Motel in Gladstone, now rebranded as an Econolodge by…[Read more]

Sad but practical, If you borrowed more than their will would pay you, would other beneficiaries demand immediate payment to pay them out forcing you to attempt refinancing elsewhere and probably on a time limit ?
Is a forgiven debt deemed to be a gift by the Govt ?
Are gift duties payable on a debt forgiven in a will, or just forgiven anytime…[Read more]

Sounds like your PM has been doing an ok job except for paying monthly instead of fortnightly.Just insist. Most landlords and most agent’s software pay fortnightly to get the interest benefit for the property owner.
I’d be suspicious if the tenant wants to deal with you direct instead of the PM. Might see you as vulnerable which you are if you…[Read more]

In NSW leases there are a few ways to inhabit premises. Fixed term lease where the tenant must stay for that whole period and then vacate or if vacating early (breaking the lease agreement) then the tenant must pay the costs involved to change tenants during that period.
Or, that fixed term lease has a clause that allows the tenant to stay there…[Read more]

Sounds like you need a better finance broker Mudgecko, and looks like you’ve just done that.
Good luck
cheers
thecrest

” The cracks appeared around Dec 2013 (6months ago). ”
Has anyone been in the roof around that time or since who may have taken a wrong step ?
Cheers
thecrest

I like to create a 2 tiered commission deal – add some extra to their normal commission rate provided they sell within my parameters. Short exclusive agreements are enough to test the market and ensure the REA applies their best efforts without delay. They should also have a hotlist of buyers to refer to within the first week as well.
Good…[Read more]

Scary public liability scenario. But my experience with Councils is that they say they are prevented by regulations from approving any structure afterwards or “ex post facto” as they told me. Has this changed and can you get approval afterwards these days ?
Cheers
thecrest

Update. Finally managed to replace lawn areas burnt by January’s heatwave conditions, never knew new lawn took so long to grow. We have a change of plans and have placed our motel on the market at about 26% ROI and will be looking to replace it with one closer to the Port Stephens / Hunter region where our new Statewide Motel Brokers business is…[Read more]

I suggest you get paid then email the PM, request they provide a copy of the time period and clause relating to terminating the agreement. Explain the situation, then issue notice that you intend to terminate unless matters are rectified. If no results, give notice and move managers.
Good luck.
cheers
the crest

Hi Paulmarn. Congratulations again on your purchase and on taking the journey. Glad you’re reducing wages, that’ll pay off especially over times like Easter and definitely every weekend. It sure builds an in-depth knowledge of your room product and the linen quality. Commercial laundries’ products can become overaged quickly and affect your…[Read more]

Just received a cheque and apology from ANZ for not linking an offset account to a loan in 2004. probably a direct or indirect result of the recent class action against them which I was not a party to, but a surprised beneficiary of their spring cleaning ( demonstrating an attempt at restitution and duty of care ex post facto as part of their…[Read more]

If it's not going to materially affect your property or the ability of a prospective new occupant to enjoy the peace and quiet of the premises, if there's no downside with that information, why wouldn't you disclose?
Cheers
thecrest

When I'm a multi millionaire, I'll have the freedom to make more choices, to help family, friends and needy and motivated people, to all succeed.
Those in desperate need get essentials and an exit strategy. Those in better situations get a leg up.
I believe in the philosophy that " give someone a fish and you feed them for a day, but give them a…[Read more]

I tried to upload an image of this property to this post but can't do it. Can anyone give me instructions ? The box asks for a URL but pics in my PC in the "My Pictures" folder don't have a URL as such. Any help appreciated .
Cheers
thecrest

Hi Bennyhub.
Where's the Wagga one, house or unit ?
I have a family contact in RE in Newcastle if you want it, PM me.
My motel in Wagga is going great.
Cheers
thecrest

Not sure why there are no posts here, buyer's agents must've missed it. 
To answer your questions :
I've used agents as bloodhounds for me when I was time poor and I'd use one again if I lacked the expertise in an area and thought the agent's cost would be less than the cost saving.
Not much good looking for attributes except licencing because the…[Read more]