I would consider it the resonsibily of the PM to check and sign off all adverts regarding the property they manage.

I would speak to the PM and ensure that the cost of running the advert isn’t passed onto you.

All the best with it!

Brent Nolan
Director
……………………………………………..
IMMERE
Progressive…[Read more]

Add a pool and charge more rent on the existing units …… just a thought?

setup a business (or company) for your realestate and make sure you check out homes in all the wonderful countries you visit. You might be able to claim some of this on your tax, especially if you are already a proven realestate investor? Ask you accountant and see if they can assist.
Enjoy your trip!

>> b

Hi, for anyone interested we received a rough quote to plaster 3 rooms plus a hall, 12 ft ceilings etc. The estimate was around 5 – 7K.

thanks to everyone who posted with advice.

>> b

Hi Purplekiss,

there is a bit of water damage in one rooms on the roof plaster, so I think there is a small hole (the building inspector will tell me for sure). The rest of the roof looks fine, its plan iron so it shows off the rust spots easily, I’ll get up and have a look myself … might even take the wire brush [biggrin]

$400 is a great…[Read more]

Thanks GGG,

good points. I’m certainly not thinking this will be the only good property to come along. It sounds like the auction process will be an interesting experience.

Thanks again for the feedback, I will certainly take this all down.

>> b

Thanks Yorker. I will have a chat with the agent and see if I can’t get an indication of the reserver price from them, this will give me a better idea if I should spend the $ to get building inspections and valuations done.

Hi Woodsman,

I am picking up the vendors statement today and will have a solicitor look over it.

Comparable properties in the area will sell between 200 – 240K.

I have decided that I might contact the trustee direct as I don’t really trust the agent.

I have read the info on this site and found it…[Read more]

South Melb is excellent, worked there for many years, great location and quiet on the weekends. Richmond is also great. Also consider hawthorn & camberwell, it has great access to PT. Prahran is also very good, everyone loves Chapel street … don’t they [biggrin]. I lived in Prahran for a few years, a great place to live. Actually Melbourne is…[Read more]

I contacted ASIC directly to get info, here is their response, hope it helps.

“I have searched our media releases (ASIC public comment) to determine if ASIC has issued a media release in relation to Derivex Limited and there has been no media release issued.  You can continue to monitor the media releases on our website (www.asic.gov.au then s…[Read more]

We are renting a place at the moment that has had huge termite issues in one of the rooms. The place has been sprayed in the past and was said to have killed the little beasts.

When we moved in about 12 months ago I asked a neighbour if they ever had issues with termites in their house. At the time they said never (they had been there 20+ years),…[Read more]

Hi Nat, Sometimes non commital is the best stance [biggrin]>> b

Nat R, do we see a change of heart? You were quite negative about the IFHL product initially?

Do you think the product now has potential?

All the best >> Brent

Thanks Padma,

I will give CGU a call tomorrow and see what they offer. I’ll keep you posted.

Can I ask if your properties were CF+ prior to leasing each room individually?

>> Brent

Thanks Padma and congratulations on everything!

A few questions

1. I have contacted AAMI and they do classify the house as a boarding house, do you know of any insurers that would cover boarding houses? Regarding the tenancy board, how and where do I contact them to find out information?

It seems also that contents of a landlords insurance…[Read more]

Hi Jo, thanks for the post. It is a 6 bedroom place with the potential to turn a 2nd living space into another 2 – 3 rooms.

Its a huge solid property, probably around 3 – 4km from the Uni and 1 – 2km from the Tafe & CBD. Its on a main road and close to public transport etc. I think that it is close enough to the uni appeal to students.

I’ve…[Read more]