Hi Mk,

Finding & managing tenants would certainly be a challenge for us also; fortunately our properties are about a four to five hour round trip from home, so there’s never been the option of doing these activities personally.

Our letting agent has been excellent though… checking credentials of prospective tenants, doing regular inspecti…[Read more]

This follow up information is much appreciated… it’s been most informative.

Thanks again,

Jack

Dear Len & Terry,

Thanks for your replies, its nice to get confirmation that I’m thinking along the right track.

I may have some misconceptions though regarding the relative benefits LOC & offset accounts.

What were currently doing with our LOC is placing all income from the IP & tax deductions directly into the LOC, then redrawing as need…[Read more]

Terry & Derek,

Thank you for your replies…

Now, if I combine both replies; then with John being ex ATO, utilising his services should keep our affairs squeaky clean while legally maximising our deductions. [exhappy]

Thanks again & best regards,

Jack

Hi Terry,

Thanks for your feedback, have you had direct dealing with John, or do you know him by word of mouth?

Is it OK if I mention you as my reference to him?

Thanks again,

Jack

Hi Michael,

Good point, thanks for that.

Regards,

Jack