Tag Archives: investment property

who is responsible to fix a broken hinge on a cupboard door??? landlord or tenant?

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I have a tenant in my investment property that has reported that one of the cupboard hinges has broken and insists that it just fell off. She reported a dripping tap a couple of months ago and cost me $$$$$$ for a broken washer, which later i was told that shouldnt have been my responsibilty. If I could get some feedback as to who is responsible for the repair that would be appreciated. The property was in great clean and workable order when she took on the lease and has been there for over a year now


Can I afford to enter the investment property market on low income?

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I currently rent… I have next to no savings, but I want to enter the investment property market sooner rather than later.

I’ve got K in will money that I’ll recieve in 12 months… But I don’t want to wait that long and think perhaps I’ll be using that toward my second investment property or my own house.

I earn K PA

I have a car loan of K

Lastly I’m a big fan of reading books on getting rich. I’ve read a lot of the richdad series and some napolian hill. If you have any books you recommend please let me know
Could you please let me know where you’re information / credentials have come from


what do I need to do financially to start a property portfolio?

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I have been reading about lots of everyday people building impressive property portfolio’s (e.g. 5 or more houses) and I want to invest my money and hopefully make a very tidy retirement fund doing the same thing. my question is how do they go about it financially and can I do this too?

At the moment I earn 0,000 a year gross and have just purchased my first property 6 months ago for 0,000. I currently owe 5,000. my debts include a 00 credit card debt and a ,000 car debt.

where do I need to be at financially to look at buying an investment property around the 0,000 price and how do I continue to do this? I would love to be able to purchase an investment property every 6-12months. I want to rent these investment properties out.

Is this possible for me to achieve?

Anyone who can give me some advice, would be greatly appreciated.


Lebanese marriage question – is this normal?

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I have never told anyone this before as I am too embarrassed. I am desperate for any advice, please be honest with me :) If there are any Lebanese people or those who are married to a Lebanese man, I would love to hear your opinion as I’m not sure if this is a cultural thing.

I have been married for four years to a Lebanese (catholic) man. He wasn’t born there but he calls himself Lebanese so I’ll say that too. I am Anglo, no religion. When we were dating/engaged, he was a kind and caring man, quite liberal in his thinking but with some traditional family values that I admired. He spoke very highly of his parents and was always helping them out. We have just separated and my husband and his family blame me as I was the one who asked him to leave. My husband says I am completely over-reacting to the following things. Am I??

* My husband never lived away from home before we married and was treated like a god by his mom – she did absolutely everything for him. I had no idea of this or that he would expect me to do the same. Is it normal for a Lebanese man to expect this? When we were dating he seemed like a regular guy. He does nothing around the house aside from take the trash out (which is the only job he did at his parents). I have tried to get him to help more but he says he works hard all day – that I am failing at being a good wife, housekeeper, etc. I know the house isn’t as clean as his mom’s but my life is very different to hers. My husband says she is very busy caring for his sick father yet she can still do everything. Am I being too touchy, I know I have slacked off a bit?

* Despite my husband’s traditional values, he has never properly supported the family. I have used my savings to make up the shortfall. At one stage he gave nothing for five months. When I brought this up with him, he said that I knew he had an investment property before we married. So I was forced to work to get extra money when our two children were 3mths and 18mths. I now work 40 hours a week (2 days and the rest at night when the children are asleep). When I have complained that I am exhausted, my husband says lots of mothers work. He feels I am completely over-reacting.

* I have an auto immune condition which my husband knew about before we married. It has been getting progressively worse over the past few years. My husband refused to let me tell his family about it until it was very apparent that something is wrong with me. I don’t have much family so I was hoping for a little support (even just to get milk at the shops, it is quite hard to do it with two kids as well). My husband says his family have their own lives, even though most of his sisters don’t work, and that I should be relying on my own family. My parents don’t live nearby. Is it possible my husband’s family are wary of me because I’m not Lebanese? Every other Lebanese family I know are very welcoming and family minded.

* When we had problems a year ago, I contacted his family for help. Some of the issues were quite serious yet all of them said they didn’t want to get involved. I felt helpless. My husband says it has nothing to do with them so I shouldn’t call them. Are personal matters usually very private with Lebanese families? Maybe I am expecting too much?

* Since we were married, my husband has gone to his mom’s for breakfast, even when I had just had a baby and begged him not to. He says he’s always had breakfast there and it saves me having to make it. She also makes his lunch everyday. When I asked her to stop, she said she is only helping me. When I tried to insist, it was obvious that she was not happy about it so I didn’t push. I know these are only small things but it makes me feel like I’m not good enough. My husband’s brother also does the same thing so am I making mountains out of molehills?

* When we were looking to buy a home, my husband insisted we stay in the same area as his parents and family. We are now one minute away from them and he visits them everyday before and after work and on weekends without me. When I say I feel left out or wish that he’d want more time with me, he says he is helping me (he often takes the children with him). I have tried going along but to be honest I don’t have the time and it’s kind of boring – all my husband does there is watch TV while his mom minds the kids. One time my husband did agree to stop going there after work during the week but his mom was very annoyed with me when I saw her. So I felt I had to give in as it was making things uncomfortable. Should I be making more of an effort to visit them? Maybe they don’t like me because they think I am being rude.

* When I have had concerns about some of the things his mom has done with the children (such as candy or constant TV), my husband is furious. He has yelled that his mother has raised more children than me and what goes on in her house is her business. I feel my role as a mother means nothing to them but my husband says the


What can we do to avoid a Small Business Loan with a bank?

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Have been to the bank and dont like their fees plus they want us to sign over our home and investment property as collateral. We have enough money paid in advance in our home loan to buy the things we need for the business ie car etc. Do we have to go through a bank. Why do we need a busienss loan is it because of tax. Can we use our own money to set up a loan? If so do we need a loan agreement.
I do understand the bank wants collateral I would too but I dont want to sign for my home and investment property. I’m just wanting to find out what my options are before I sign the loan with the bank


How to figure my own tax deductions?

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I just got a second job that pays per night. I will only work about 1 per week through the summer. I was just informed that this employer will not be taking taxes out of my check. I am expected to pay the difference at the end of the year. My full-time regular job is teaching. I also own investment property. I typically get back a hefty refund and have never owed. My concern is though that if I do not want to owe taxes for this job at the end of the year, is there a way I can put it aside after each check? If so, how would I figure out how much to put aside?


She wants kids, I don't. How long to keep hoping I will? Hoping for female perspectives.?

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Thanks for taking a look at my situation.

We’ve been living together for five years now. I’m 25, she is 24. We do have a deep and interesting relationship, always on the same page, never fight, etc etc. The ‘spark’ has gone, but we still really enjoy each other’s company and have been intending to get married (we have actually been engaged these five years – dreadful I know!)

Back when I was 22 and she 20, she started saying she wanted to have children. Shocked and terrified, I said I wanted to wait about five years before doing so as we were still so young and the idea of having children didn’t really interest me. I figured as we grew up the thought of children would grow on me.

Now we’re only a year or so from our ‘deadline’, and she’s very eager to get married and have children this year. Though it’s been a constant topic of conversation over the years it’s now being brought up at least daily. I can tell her mind is screaming at her to get pregnant and she’s having real difficulty holding on, but she’s doing it because she loves me.

The problem is, I’m no more eager to have children now than I was back then, and she’s aware of this. Here’s where I need to hear perspectives from women, what should I do for the sake of both of us?

a) I should just get over it and become a father, because I’ll love it – that’s probably true but I’m not willing to be forced into parenthood right now and neither am I going to gamble on the chance that I will change my mind in future.

b) I should marry her knowing full well that I may never actually want to have kids with her, and just keep putting her off forever – this doesn’t sound like a good option to me.

c) I should tell her that I may not ever want children, but that I still want to marry her – I know that she would accept this option, but I think it would not be a happy marriage, particularly ten years from now.

d) I should break off the engagement as soon as I can so as to not waste any more of her time waiting for me – I think there is a chance we could still remain good friends, which would be excellent, but it’s not a very big one.

Some final points that didn’t fit into the above:
- we own investment property together, and both run a family business I own. So we’re pretty tight-knit.
- all her friends have children, which is a big factor in her feelings I’m sure.
- she does have self-image issues as she is hearing impaired and heavily accented, and she’d probably not be overjoyed at being single again (no really?)
- it does sometimes feel like our relationship is more like ‘best-friends’ than lovers, but after five years, I think that’s not unnatural…

Final admission:
I wrote this out expecting to find the answer myself while writing it, but I’m still none the wiser so I am posting it. Hoping someone else has the stamina to read this huge outpouring of concern and to leave their thoughts! Every opinion is valuable.

Thanks!


My in laws wants to stay with us on our holiday away?

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We bought an investment property in a coastal village and have taken two weeks off to do it up so that we can rent it out. As it is our annual holiday as well (we have a home business and taking time off is a luxury) we are going to work a few hours a day and then the rest to relax and enjoy ourselves. My in laws are lovely and live interstate, and want to come and help out. That is OK for a few days, but I overheard her saying she wants to stay for a week. I will be distracted a lot of the time trying to get the house in order, but also want to spend some much needed time with my husband. How can I tell them that 3 days would be the maximum? They tend to come and stay for months at a time when they come putting pressure on us and my brother in law.


Is this legal or just to do? "Investment property"?

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Ok try keeping it simple and easy to follow.. I have an investment property that is currently managed by an agent for about a year now (still new to the whole concept)….
Now i am and was made aware that regarding the water bill, that i was to pay for the service charges and the usage in which the usage will be reimbursed back to me by my tenant…
Now in last November 2010, I have paid my bill for the water and still to date have not received by reimbursement, keeping in mind i have changed agents in December, so new agent is not aware off too much… I am currently bombarding my agent and saying i need this money urgently… (they promised me they are chasing them and have sent them a final reminder)…

Now my question is since being almost 3 months and my new water bill is due soon, can i or do i have a right as a landlord to refuse to pay this charge or call my water company to disconnect water at my place… I do not at all want to resort to this especially cause the tenats are quite ill and depend on their water for their health, do not wanna be blamed if they get really sick or die.. nor do i want this to happen in no way shape or form but i am out of ideas and need the money to afford my next bill…???

any idea on what is legal and just to get this sorted (keeping in mind being having a quite good relationship with them (tenants) and they are very good usually except for this instance), so don’t wanna ruin that either..

Is there someone i can call maybe???

Any further info or advice more so will be greatly appreciated….

Thanks,