+ Reply to Thread
Page 2 of 2 FirstFirst 12
Results 11 to 18 of 18
  1. #11
    Join Date
    Oct 2012
    Posts
    4,996
    Thanks
    3,729
    Thanked
    1,979
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts

    Default Re: Becoming a landlord

    You never know. We rent and take care of a house as if it were our own.

    Just choose ur tenant very carefully

    Sent from my GT-I9100T using BubHub

  2. #12
    Join Date
    Sep 2007
    Location
    Mackay
    Posts
    6,728
    Thanks
    861
    Thanked
    2,773
    Reviews
    1
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    Awards:
    100 Posts in a week

    Default Becoming a landlord

    Quote Originally Posted by Littlemissellie View Post
    You never know. We rent and take care of a house as if it were our own.

    Just choose ur tenant very carefully

    Sent from my GT-I9100T using BubHub
    This.

    We are very house proud. We always keep the place tidy and yards maintained. However we have struggled previously because we are young (24 and 27) and have 4 children aged between 3 months and 15 years). A lot people won't give us a chance because they see we have a few kids and think we will trash the place (an agent actually told me that!) which is not the case at all!

  3. The Following User Says Thank You to SheWarrior For This Useful Post:

    SoThisIsLove  (17-11-2012)

  4. #13
    Join Date
    Mar 2007
    Location
    South East QLD
    Posts
    4,033
    Thanks
    3,349
    Thanked
    1,623
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Like others have said LANDLORD INSURANCE!
    Get a few agents out. Ask people you know for their opinions on agents. When the pm comes out treat it like an interview. They will be 'you' while you're gone.
    I agree about getting a gardener. Peace of mind. Don't immediately rule someone out if they have pets though. Some of my best tenants had pets and the properties would be in better condition when they left.
    When it comes to choosing the tenants you get the final say. The pm will narrow down applications for you and present them to you.
    If you can have your neighbour keep an eye out too that's great. Just make sure its not over done as the house is the tenants home while they are there and they have a right to feel comfortable. Of course damage and the like should be reported immediately.
    Good luck. I hope you find a great pm and end up with really good tenants.

  5. The Following User Says Thank You to dancingchipmunk For This Useful Post:

    Tazzy  (19-11-2012)

  6. #14
    Join Date
    Jan 2012
    Posts
    2,265
    Thanks
    3,946
    Thanked
    2,320
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts

    Default Becoming a landlord

    I agree with interviewing a few agents, I'm a PM too. Ask how long they have been in the job etc, no offence to new PM's but it does take a couple of years to have a good understanding of the job, you need to click with them too I think. I hateeeee renting out an owners former home, the responsibility can be nerve racking. But I know if I find the exact perfect tenants they will do my job for me, be prepared to knock back any applicant till you think you have the perfect one for your home good luck!

  7. The Following User Says Thank You to Mokeybear For This Useful Post:

    dancingchipmunk  (17-11-2012)

  8. #15
    Join Date
    Apr 2006
    Location
    Melbourne
    Posts
    6,211
    Thanks
    387
    Thanked
    594
    Reviews
    3
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    The other thing to consider is the tax ramifications of renting your house out. Make sure you speak to your accountant about what it means. An investment property is very different for tax purposes than your own home. There are things you can claim like depreciation on current contents (including oven, carpets, etc I think) and there are definitely capital gains tax implications that you should be aware of.

  9. #16
    Join Date
    Oct 2012
    Posts
    1,076
    Thanks
    440
    Thanked
    255
    Reviews
    0
    Achievements:Topaz Star - 500 posts

    Default Re: Becoming a landlord

    Quote Originally Posted by Littlemissellie View Post
    You never know. We rent and take care of a house as if it were our own.

    Just choose ur tenant very carefully

    Sent from my GT-I9100T using BubHub
    The problem is, even if you're immaculate, chances are you look after the house differently to what the owners do. It might be better, it might be worse, regardless it will be different, and that's what makes it so hard to move back into a family home that has been rented.

    I had a landlord once who had really bad chemical allergies, she went to a lot of trouble to keep her home chemical free. She then got a transfer to NZ for work so she rented her home out. It took me months to make her realise that she couldn't stop the tenants from using chemicals. They kept it cleaner then she ever did, but they used chemicals, so it ruined the house for her.

    Quote Originally Posted by dancingchipmunk View Post
    Get a few agents out. Ask people you know for their opinions on agents. When the pm comes out treat it like an interview. They will be 'you' while you're gone.
    If you can have your neighbour keep an eye out too that's great. Just make sure its not over done as the house is the tenants home while they are there and they have a right to feel comfortable.
    I agree with both these points (the others too, but mainly these two)

    It will be hard enough to like your agent when all they seem to do is call you with problems. You need to like them and trust them when you sign onto their services.

    Quote Originally Posted by Mokeybear View Post
    I agree with interviewing a few agents, I'm a PM too. Ask how long they have been in the job etc, no offence to new PM's but it does take a couple of years to have a good understanding of the job, you need to click with them too I think. I hateeeee renting out an owners former home, the responsibility can be nerve racking. But I know if I find the exact perfect tenants they will do my job for me, be prepared to knock back any applicant till you think you have the perfect one for your home good luck!
    This!

    I think Terry Scheer is worth looking into for landlord insurance. Avoid NRMA, they're really expensive and don't cover much. Any insurance company that specialises in landlord insurance will be worth looking into. Your PM won't be able to advise you on who to go with, but they should be able to provide some brochures on who they deal with alot.

    Sent from my GT-I9305 using BubHub

  10. #17
    Join Date
    Mar 2007
    Location
    South East QLD
    Posts
    4,033
    Thanks
    3,349
    Thanked
    1,623
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Quote Originally Posted by Disbride View Post
    Your PM won't be able to advise you on who to go with, but they should be able to provide some brochures on who they deal with alot.

    Sent from my GT-I9305 using BubHub
    Good point. I forgot to mention that. I do remember quiet a few of my landlords going through Terry Scheer (sp?) and they were happy with it.

  11. #18
    Join Date
    Jan 2012
    Posts
    394
    Thanks
    263
    Thanked
    87
    Reviews
    0

    Default Becoming a landlord

    Thank you every one for your advise it has helped so much. I had a real estate agent come out this morning for a chat, she was lovely. She's from a local family owned real estate company so I think I'll go with them. I'm feeling much more at ease about the whole thing now


 

Similar Threads

  1. Landlord vent
    By miztrezz in forum General Chat
    Replies: 8
    Last Post: 21-11-2012, 19:34
  2. Breaking lease by landlord not tenants question?
    By Janesmum123 in forum General Chat
    Replies: 3
    Last Post: 01-08-2012, 16:51
  3. Stupid landlord grrr
    By HugsBunny in forum General Chat
    Replies: 2
    Last Post: 19-04-2012, 08:41

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
FEATURED SUPPORTER
ProSwimProSwim Rostrevor runs learn to swim classes for children and adults. Lessons are run during the Summer months ...
FORUMS - chatting now ...
Daycare educator / teacher giftsGeneral Parenting Tips, Advice & Chat
Delightful DecemberConception & Fertility General Chat
Noble NovemberConception & Fertility General Chat
High Natural Killer Cells #10Reproductive Immunology
Hard to settle day and nightGeneral Sleeping & Settling Chat
Positive Ovulation Test 6+ days in a row???Conception & Fertility General Chat
Toenail fungusGeneral Health
REVIEWS
"Made bed time less anxious"
by Meld85
My Little Heart Whisbear - the Humming Bear reviews ›
"Wonderful natural Aussie made product!"
by Mrstwr
Baby U Goat Milk Moisturiser reviews ›
"Replaced good quality with cheap tight nappies"
by Kris
Coles Comfy Bots Nappies reviews ›