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Well very fun thing happened to me in the running of boarding houses. It's been five years and never an issue then one old departing guest decides to lodge an application asking for a refund. He paid $150 a week and found out some other guests were paying $130. Claimed he needed the $20 a week...

...property burning down before settlement!!! Make sure you have insurance! http://smh.domain.com.au/real-estate-news/historic-45-million-mansion-sells-then-burns-down-20141017-117k8i.html

Was out for a Sunday drive and went to Werris Creek where Angelina Jolie was filming not so long along. Stunning place and well picked as a film set. Anyway the population is about 1500. Town is past its glory days by far. 40 mins to Tamworth. There was an old guesthouse for sale that was...

This gave me a laugh.. http://gawker.com/man-unwittingly-rents-out-apartment-on-airbnb-for-xxx-1544961941 I've also got an idea...lets create some dodgy profiles, agree to rent our AirBnB places to them, then claim a massive amount of damage and split the AirBnB payout!! Score. Except for...

Anyone got any ideas on 12 seater options? The biggest thing I can drive still on a NSW "C" licence is a 12 seater. The Toyota Coaster even Commuters a lot of them are 14 seats which is annoying. I've seen some HiAce 12 Seaters. The only other real option I've found is a Ford Transit Bus. I'm...

I'm not at my guesthouse currently so hired a pest company that looked reputable to do the house. They set off the fire alarms. I was hoping we wouldn't get the bill from the Fire Brigade as they are pretty good to us for mistakes. But no, we have a $1400 bill for using an aerosol resulting in a...

So...anyone run into these? I'm quite surprised that it has taken three years of more with one of my guesthouses before we've caught a case but now they are here. And the silly guests didn't think to report strange bites until after a few months in their room so now we think they are on the move...

I suspect the folk next door are building closer than their council plans allow - it's a four car garage and was meant according to the DA to be 15cm from our boundary which is bad enough considering we have windows from bedrooms all down that side of the house that now look out onto brick wall...

Reading today about this: http://www.smh.com.au/business/property/city-renters-wooed-with-7000-grant-to-buy-in-regions-20130827-2socx.html Anyone got their mind ticking over about how they could get a piece of this? Can't wait to see detail.

Anyone got any good recommendations for an insurance broker for a boarding house?

Okay gang - have exchanged on a boarding house and it will go unconditional next week. Of course now I am getting close I am second guessing my decisions! Property was found through private sale of another boarding house so didn't go to market. It's CBD of a major regional town (pop 60 000)...

Wondering if anyone has any success stories about renegotiating purchase price on a bad building report? My theory is that I really don't have anything to lose - we've already exchanged and I can just walk away because of the building problems and cost of repair and invoke the building...

Is this kind of carry on normal or is the owner of the place I want a bit nuts and their lawyers silly? Owner wanted an "official" offer to buy in writing - not just the email I'd said with the conditions (14 day finance, a building/pest inspection clause) and he wanted all the conditions in...

Anyone know what the gossip is with Margaret Lomas on her Facebook with this post...warning..it's long and ranty: "It’s been some time since I have written a ‘motivational’ type post – generally I do so when I am feeling like the world is crashing in on me and I need to motivate myself! I...

Does anyone have a good recommendation for a building and pest inspector in Tamworth or surrounding areas?

So if I am to buy a guesthouse I assume if I buy the business ongoing I will need a contract for both the purchase of the real estate plus another one detailing plant and equipment, goodwill and the conditions etc. Is that correct? Any recommendations on who can help? I am in Sydney and property...

Any recommendations on someone to do a building and pest inspection in Tamworth? Thanks!

I am looking at yet another guesthouse. So far for this one DD is stacking up far better than the other projects I've been offered or other places I've looked at. However it will def need a commercial loan with at least 20% deposit + costs which will wipe out all my cash. I would just get over...

I'm in over my head at the moment and would love to know who I could talk to for a bit of advice before I should even consider a project I've been offered. It's a 20+ room ex hotel turned boarding house that has been abandoned since 2007. Squatters have been in parts. Built in 1929 with some...

After some great info from these boards I've been learning all about the risk of buying boarding houses so have been now considering a student house strategy - cheapish properties that I could get good yields, that are unlikely to be council inspections magnets - so no 10 room places etc. But...