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Bit of a grand thread subject! I recently had to pay an expense on my UK investment using AU$, in Australia. (Unusual, but a one-off) When I am accounting for this, what exchange rate should I use? Would a day spot rate from say Oanda.com be OK? Thanks JB

Hi, if I bought a property and borrowed 80% of purchase price, and now the property has increased in value, and I wanted to increase the loan to 80% of today's valuation, with the same bank, how much of a process is this normally and what kind of fees are involved? Many thanks for any...

Hi, I want to save some money on my biggest expense - interest. Currently I have 4 loans 3 loan of $280k with Macquarie at 4.54%. The properties these are against are worth $420k, 380k and $370k. 1 loan of $280k with AMP at 4.52%. This property is worth $430k. 1 LOC loan with CBA...

Hi, if an investment property is in my name only, and both my wife and I travel to inspect it, can I claim both my wife's and my travel expenses against tax or just mine? Thanks JB

Hi, totally unrelated to property, but I hope an accountant on here can advise me, if you are a member of a volunteer organisation eg CFA / SES etc, are you able to claim any of your expenses against tax eg uniform, training materials? Many thanks JB

Interested to know how much peoples accountants charge for doing an end-of-year return. For 2 (married) people's tax returns including 3 investment properties where I provided spreadsheets with all the details needed, I have been charged just under $1000 and I'm considering moving my business...

Hi, I will be inheriting a property which is tenanted and I will keep it as an IP. At what point does it become a taxable asset - at the point of death or after probate and subsequent transfer into my name? Thanks for any advice. JB

Hi, I am considering purchasing a property in QLD which the vendor then wants to lease back from me for a few months after settlement. Has anyone else done this, and are there any lessons learned that could be shared? Many thanks. JB

Can someone please remind me if I can expense a replacement garage door motor at $550 or whether I have to depreciate it. Thanks JB

Part of the fence at the rear of my PPOR has been leaning into my rear neighbour's yard since before either of us lived here. We agreed to replace the fence and we agreed that she would pay for materials and I would do the work. I have put up a timber paling fence, all posts concreted, all...

Hi, I've had to have some painting done and buy some blinds following tenant damage. The painting is worth $800 and the blinds will probably be about $400. Do I have to depreciate this or can I claim it as an immediate expense? Thanks JB

Hi, we had a tenant evicted last year for non-payment and damage. The property is almost ready to re-let, however every day brings a tidal wave of mail for this woman's multiple aliases, all demanding money, threatening action etc. There's two things that concern me - that this is not fair...

July 31st - Tenant last paid rent, paying up to August 21st Sept 6th - Tenant given notice to vacate for failure to pay rent Sept 20somethingth - First VCAT date Tenant requests adjournment due to medical reasons. VCAT agrees. Oct 4th - Second VCAT date Tenant requests 2nd adjournment...

Does anyone know what the number of non-paying tenants is as a % of total? When I say non-paying, I mean those that have had notices to vacate served on them. I'm particularly interested in VIC, but Australia as a whole would be of interest too. I can't find this info on the internet by...

Hi, I've had a quote from a pest company for $250 to bait a roof space for rats. Is this a job I could do myself? I mean, I can easily get into the roof space and throw bait around, I presume I can get bait from a shop - or is there more science to this? Thanks JB

Go home to your PPOR tonight. Pretend you are actually a tenant in someone else's house. Now make a list of all the teeny tiny things that you would ask to be fixed if you were a tenant! I reckon I have called plumbers/electricians/handymen to my PPOR about 3 times in the last 4 years. I...

Hi, I recently bought a 4 year old house. A building inspection was done before the contract went unconditional which did not throw up any issues. Once I took possession of the house, I found a damp patch on a carpet, which upon further investigation seems to be caused by the hot water...

OK.... I really have no loyalty or inclination towards either Labour or the Coalition, so to help me decide.... Can anyone explain to me the different parties policies on what may affect property investors, positively or negatively, and help me come to a decision? Thanks for any advice JB

Looks like one of my IPs will need a new dishwasher as apparently you can't get parts for the Kleenmaid that is there as they went bust. The cost including installation and removal of the old machine will be $650. Can I write this all off straight away, should I get it added to my...

Hi At the back of one of my IPs there is a shed on a slab. This is a corner block, so separate access to the shed is available. I was thinking that at some point in the future I could add value by running a fence down the back of the house. This leaves a piece of land visible in the photo...