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virgininvestor
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Post Count: 37
May 24, 2008 - 4:33 am
Did you get the market value? or did its value crash like the property market last quarter
virgininvestor
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May 22, 2008 - 10:59 am
Will you take vendor finance?
virgininvestor
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May 21, 2008 - 12:32 am
HAHAHAHAHHAHAHHAHAHAHHAHAHA
LOLOLOLOLOLOLOLOLOLOLOLOLOLOLO…………
Why would you trust a post which actually spells the word …dot….in the e-mail address……sounds like one of those nice glossy student accomadation deals somewhere in darwin.
virgininvestor
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April 8, 2008 - 3:51 am
Go to the real estate agent, make an offer then purchase, rent it out and pay the loan back! simple
virgininvestor
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April 7, 2008 - 9:34 am
Bummer!
virgininvestor
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March 29, 2008 - 2:13 am
Calm down you old cogs!!
I was merely pointing out that such investors as yourself and I are going to profit from the demise of the poor Mr. & Mrs Average!
It was a sarcastic and sick jester about how sometimes we as humans are our own worst enemy.
Good luck with the crash and doom!
And I do have a IP's, in fact a growing one of 6 properties worth 2.1million, 49 %LMV
virgininvestor
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March 28, 2008 - 2:26 am
You guys should be fortune tellers!!
So basically for saying normal people with families and who enjoy life outside money are 'F$#%ED'
Grow up and may god give you a soul.
virgininvestor
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March 18, 2008 - 5:41 am
ummm if you save all your money and not spend it on property where are you going to live??
Unless you are living at home with your family and not paying a sent, you will have to pay for property one day.
virgininvestor
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February 18, 2008 - 10:26 am
Hey
I spoke to my PM and Yarra Vally water today and found out the following
1. Yarra Vally said I was liable to pay both service charges and usage as there is only one meter. They will not split the bill or arrange usage payments for the tenants.
2. The PM did some ringing around to fellow PM for some advice (I was surprised this is not more common considering there are a number of similar unit blokes in and around my area which is Ringwood). He came back to me with that under the Tenancy Act the Landlord is liable to pay both service charge and usage just like the water authority told me. The PM told me that other landlord usually add between $5-10 p/w (about$130 per qu. bill) extra rent to cover this in the short term (till seperate meters).
So, I guess it is solved now, I have added an extra $10 per week, not ideal as the advertised price is a little higher then most in my area but it will be highlighted on the add that all water bill is included.
I will raise the issue of seperate meters at the next GM of BC and might request a quote so I will keep your offer in mind.
Thanks for your help, I know it seems a small issue but it was interesting and I'm surprised not much is said about it.
Cheers
virgininvestor
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February 17, 2008 - 11:44 am
Hey Elkam,
Thanks so much for your advice. I'm going to call the water authority tomorrow (Yarra Vally), I'm also in Melbourne. Unfortunately when I spoke to my future PM (Have signed up but no tenants for a month or so) he did not really make sense and mentioned something about the Body Corp can split the bill, but like you said I don't think this is legal. I will double check with the PM and might ask my BC for advice.
My PPOR is also in a block of 4 units and we also share one meter (those blasted developers from 30 years ago!!!!), the situation is the same were we get a bill already divided by 4, the BC here had a quote for separate meters a few years ago but it was close to about $5000-$6000 I think, yours seem quite cheap. I think mine is expensive because it would required much labour in digging and concrete work.
Was the works difficult on your units e.g (much digging or under concrete)?
virgininvestor
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February 16, 2008 - 6:32 am
Thanks Elka!
Yeah thats what I had suspected and been told, so if this is the case how have landlords dealt with it in the past?
1. Do increase the rent (I thought this might scare some people off seeing a much higher advertised rent)
2. Forward the bill to tenant of Agent (But if they fail to pay its your name on the bill?)
Any advice would be great!
virgininvestor
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February 7, 2008 - 10:13 am
Thanks guys, I'm still confused, might have to go see the tax man!
virgininvestor
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January 17, 2008 - 6:45 am
Hi,
I might throm my two bob in-
I recently installed two split systems into my unit, I brought the unit from Harvey Norman then pain a professional Air Con installer to install them, it can work out cheaper buying the unit yourself from a shop then paying someone to install, I found this with all the quotes I got.
I think an important point which has not been raised is the matter of insurance. If a new air con is not installed by a licenced gas/sparky it can void your insurance policy as there is no certificate of compliance. You need to obtain one of these from a licenced installer (vic) otherwise if the unit causes any damage to your IP (water leaks, faults, serges) it might not be covered by your policy.
Not worth worry about for the sake of an extra 500-1000K.
You can but good units (eg, panasonic, mitsubishi, etc) for about 600-1200K and these are about 3-6 KW easy cooling and heating a standard house or small unit.
<br /:)” title=”>:)” class=”bbcode_smiley” />
virgininvestor
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January 14, 2008 - 5:19 am
Hi,
Thanks guys for the feedback thus far,
Its a unit so only needed contents and rent cover
I got quotes from AAMI and RACV and from a few brokers eg. emi? and terri scheer
The ones from the brokers were all around $255 and the ones from AAMI and such were a little higher $ apox 300
The brokers had contents for 45-50K plus about the sane rent loss povisions, just need to check the excess on contents as no excess on rent cliams.
So far the brokers insurance have been more favourite, but will go over each one before I decide, thanks again
virgininvestor
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@virgininvestor
Join Date: 2007
Post Count: 37
January 14, 2008 - 5:19 am
Hi,
Thanks guys for the feedback thus far,
Its a unit so only needed contents and rent cover
I got quotes from AAMI and RACV and from a few brokers eg. emi? and terri scheer
The ones from the brokers were all around $255 and the ones from AAMI and such were a little higher $ apox 300
The brokers had contents for 45-50K plus about the sane rent loss povisions, just need to check the excess on contents as no excess on rent cliams.
So far the brokers insurance have been more favourite, but will go over each one before I decide, thanks again
virgininvestor
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January 6, 2008 - 11:31 am
Oh great, thanks. Kilsyth is about 20 mins away so that is close, I'll check it out.
virgininvestor
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January 5, 2008 - 7:43 am
Hi,
Thanks for the post, I have heard of her before in the forum so I will check it out
virgininvestor
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December 20, 2007 - 6:05 am
Sorry my mistake I read the orginal post wrong, I was thinking DHS, Department of Human Services, sorry for the misunderstanding
virgininvestor
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December 19, 2007 - 8:47 am
Hi,
There is no need to be so rude and vocal, I was simply stating the experiences I have had this such properties. Good for you if you have had a pleasant experience, thats really nice, but thats the point of the forum for everyone to state their view so how about some respect.
The housing your probably talking about is located in NSW and QLD where there is a heavy defense presence. I'm talking about ones in and around Melbourne Victoria were there little defense areas or bases. Many of the defence houses around here are on a single block, often with only one in the street. I have 3 at the moment which I have severed Notices on to clean up the property and one for noise issues. (point cook area)
Just because your in the army, does not make you the best tenant in the world, have you seen the videos on you tube?
virgininvestor
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December 18, 2007 - 12:00 pm
I work in local government (by-laws) and have had some very bad experiances with DHA housing, most DHA houses are not looked after, treated poorly and DHA housinf officers are very hard to contact and get action for the tenents to clean up or stop causing a nuisance to neighbours. If your fussy about the up-keep and running of the property I would be a little put off!