Search results

May be negotioate with tenant:for your nominated professional pool service at tenant's cost (since they are the one who enjoy the pool) or factor the cost into the rent. or exclude it from the agreement and lock up if possible as suggested by other. Leaves and pool don't go well together -...

I haven't thought about that yet, but I was planning to request an adjustment of my depreciation schedule to BMT. Any thought of better way of doing it?

I hope this is the right place for this post. We are currently renting by rooms to student (total of 4 rooms = 4 different leases). When we purchased the IP I took out insurance through my lenders; but 4 months down the track they refunded my money saying that they underwriting guidelines did...

Thanks for the link - I will clarify with ATO as he is also looking to work at maccas next year.

Yes, you are on the right thread J_aco; there was some toilet paper counting involved, but sometime its easy to get confused with simple things :) its an interesting side of being human. The funnier part was she could not work it out using calendar, over and over she just could not get it; I...

All sorted with a happy ending :). I got an email from FT confirming Lil Skater's advise; showed it to tenant, all good. I think the problem was with the counting of days. Tenants equates Fri to Fri period as = 7 days; and she had to use 'counting by finger method' to see it is actually 7+1. So...

Speaking about car, I drive the 1985 model and that is the only car I have ; my tenants have the 2013 model :) Each fits for purpose.

I am guilty of peeping at FB of the tenants (hubby and wife) that have problem paying rent during chrispmas period and often smile at the inconsistencies between waht they say to you and their post. Sometime their little kids actually accidentally told me different things in their own cute...

They will only get paid if they do real work (not Mum and Dad doing it for them). They don't have an ABN or contract, no insurance either. I never knew about $416 per year limit; any link to the ruling or ruling number, please, Terry? One of my children is over 18 and lodge tax return every...

Hi Lil Skater, Its not as scary as you thought - though I can understand your concern and the picture you might have in your mind. I only do it because we knew the tenants since they were young; and they know we are DEFINITELY NOT RICH and we DEFINITELy do not have as many properties as yours. I...

Thanks Kathryn, That was what I thought as well. Would make sure to check with ATO rulings before proceeding with the idea. MKP

From the origin online system (and they are not servicing our area!); the price for unit replacement was about $2950; the price for new unit (including ducting, electrical, grilles, etc) was about $4700 extra. So ducting and grilles would be around $1800 including labour. We are in regional...

My children are growing up and its about time for them to learn some skills around the house. This year (during this holiday period) they are helping me with painting, deck oiling and other maintenance job at one of my IP. They have not demanded to be paid, but I think its fair to reward their...

I recommend you do; you would be surprise to see the amount claimable over time. BMT did 2 of mine and they update it for free if required (I hope that will still be the case this year); so I am happy.

I decided to do e-tax for the last 7 years because the accountant wanted to charge me $200 per property for each of us (me and hubby) + extra for share. If you have a good record keeping - e tax is simple to use for simple affiar like mine (no SMSF or trust just shares, IPs and normal ordinary...

I agree self manage is not easy; but we had unpleasant experience (with rent and maintenance) from professional PMs in the past - hence the self manage decision, and will still do this for few more years. Our other tenants on other IPs are mostly tenants from heaven, so self manage is not always...

Thanks for all. We got another quotation online from Origin, that gave us a similar figure ($100 dearer); and we want to be able to enjoy christmas, so we went ahead with the local supplier. The old unit was very old, not easy to find parts. The new unit has 7 years warranty, so at least we will...

Do all the checks Passport, visa, employment, bank statement (ins and going), saving,etc.

Sorry to hijack your posting Holmes2012. Do other self-manage landlords in this forum find their tenants slacked off in paying their rent around christmas time? I have one tenant that do this every year; their priority shifts from paying rent to buying christmas presents and all the nice things...

WattleIdo, I am in the country music region (northwest slopes NSW) - its the wrong time of the year to have it broken.