Far out really ?? Is that how it works!!It would certainly help someone sell as they generally also lower the asking sale price heaps and spend 000s of yr money to renovate.Then they go about humiliating the owners as to why they havnt done more to sell. ha ha very interesting how they dont share that they also charge the vendors on the show when…[Read more]

Mate i think its not good enough.But is the rest of their service Ok ,or have you brought it to their attention and they not rectified it?I personally reckon alot of these PMs take on too many properties .I manage a few of my own and have an agent aswell ,butby the time you look after tenants and fix problems properly there isnt alot of time left…[Read more]

far out Shales !Youd have to be unlucky!Did this happen to you?

great topic guys !                     Its definately true when it comes to renovating,it depends on whether you do it yrself or pay people.It can easily add up when you contract everything out.But it isnt impossible to make a profit getting help.I have on the last couple of reno s ,but i get handymen only to help and i watch them thoroughly,whi…[Read more]

What the ?

hi mate,as far as im aware no ozzie trusts cant be used in the states.But ive heard of some linking LLcs)usa companys)to ozzie trusts back in australia.I personally think its a lot of hassle and expense for limited benefit.unless you want to go big over there.While investing over there for a few years now i wouId personally recommend you just…[Read more]

You are definately right with Growth figures.You have to factor in alot more things.they are usually quite general and take months to be shown as what is actually happening in the marketYou will certainly notice in the fine print , that the API mag figures are usually about 3 to 4 months out of date so you dont want to base anything on them.I…[Read more]

I was thinking the same thing when Kev fried the first half of Johnny and Petes hard earned surplass wihtin 9 odd months of office.now the lots gone plus a defecit.Un believable.

if in nsw the landlord pays the bill up to certain usage then the tenant pays the rest.Youd have to check withh the dep fair trading i would think for the figures

Yes definately Ali go for the deck.This is relatively cheap and adds heaps of value if you open the property up.I have just done one and doing another soon.Im no builder but found it quite straight forward.I would use a couple of french doors from bunnings too.(they are $159 each)If you are handy and can knock it up yr self with a couple of mates…[Read more]

Hi Keiko,it all depends on what is written in the lease.Usually it says the tenant must return the property back to its original state when they moved in before they fitted it out.I always put too that they must re paint the property fully on leaving. If they want money for the fitout ,and you believe it would be beneficial to keep it, try work so…[Read more]

Hi guys,good to hear from you Martin !It all seems too good to be true doesnt it Jeff.If this property is the same as most of the other properties at the price on the market in  west new york,the truth is that 40K property , was possibly(probably) purchased recently for around 3 to 15k ,had 2 to 3k spent on a good tidy up and on sold .(or put on t…[Read more]

Thanks guys ,appreciate yr thoughts .I went variable for now but will prob fix it with the next drop in jan or feb at around 5% hopefully haha,these times are good

Hi Jeff,thanks for the info .Have you previously invested in rochestor ?

yes Jl,On my lease agreements(standard nsw) it states that if you have reason to believe the house jas been vacated you can enter the property

If its tenanted ,yes you usually can claim it as a going concern and request yr solicitor to mention this in the contract adjustments(no gst needed (if already put in as GST payable)By timing it on the end of the quarter it means when you would r putting yr gst quarterly bas report in with the ato you time the contract settlement   around the sam…[Read more]

Hi Giver and Richard,hope you guys are well !Give, You could try ,(if the props tenanted) mentioning to the seller that on a going concern the ato dont require it.

hi guys,i just did a couple with "style "brand from big w(white).I got it at sale time for $3 a litre and it is quite a good paint for what you pay.Ive also used the "flair brand "but it is very thin. (ok for out side though for a quick turn job.

Hi Boys and Gals,Yes Paul i was awarded a hsbc credit card and they re always wanting to give me more credit????Its no wonder so many people are smashed out on credit debts.it was very easy actually ,too easy.from memory i had to open a hsbc US and ozzie account and that was it

Hey Rob,yes mate it totally depends on how you choose to write the lease on set up.You usually negotiate with the tenant on specifics.Generally i set mine up so that the tenant covers all outgoings in regards to maintenance but i cover break downs.I put in the contract that the tenant must have a contract with a maintenance company to service…[Read more]