Why should the renter pay moops? After all its the renters looking after the gardens and to some extent if the property is surrounded by lush gardens it does add value to the property.
In Qld, if there is a water meter and the home is certified as being "water wise", then tenants pay excess water rates.
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
Because every dollar you pay helps with the following costs.
yes there is nothing like paying 1) land tax 2) shire rates 3) water rates 4) water usage. 5) repairs 6) interest to the bank 7) vandalism 8) hey insurance 9) did i miss something 9b) The fucking garden. I have been doing this for 30 years. Renters just remember to thank your landlord every time you pay him. And a little tongue would be appreciated. Peter from Gnarabup :pop:
You forgot management fees, or maybe you dont pay them, I do but I get a pretty good deal so wont complain and for a lot of leveraged investors, the rent is lucky to cover the interest rates and thats at record lows, most pay out of their own pocket to keep it alive and are hoping for some miracle that it will double in price in seven or so years, unfortunately that games over now.
In Qld, if there is a water meter and the home is certified as being "water wise", then tenants pay excess water rates.
that sounds like a fair system miw. I recently looked into the fee structure of our local water provider and was gobsmacked by some of the methods they use to charge people. We have a vacant block of land in the same street which is costing damn close to the same as our house in water bills. I may have read the pdf incorrectly but from what i gather it also makes no difference to the bill if you flush the shitter once or 1000 times each day.
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
Yet it is a suckers game. Millions tied up in a volitile market with the only real light at the end of the tunnel being capital gains. It works for the rich, but that's because they have friends in government and the ability to avoid taxes.
In Qld, if there is a water meter and the home is certified as being "water wise", then tenants pay excess water rates.
you know a tenant that looks after the garden???????????????????????????? Do they have a sister? Peter
themoops
9 Oct 2013, 08:55 PM
Yeah it isn't a walk in the park, I've always found it funny that land lords have to pay for water. It's the renters that piss it out their dick, or mix it up with their filth down the drain pipe.
But none the less you suck. Because if you bought 30 years ago, my god you've had some seriously unearned money come your way.
yes but what is that seriously earned money worth today?? Peter But yes you are right. Peter
Blondie girl
9 Oct 2013, 09:39 PM
Peter Were your parents involved in commercial & residential real estate?
I'm also confused why your parents got rid of a lot of their portfolio ? What went wrong/happened?
If you don't wish To answer.... on the forum that's ok...
2 songs
For the bears & tenants who have a decent income....that have no property..
Bob Marleys " don't worry be happy"
U2 "Still haven't found what I'm looking for"
Land tax is for vacant land, you don't want it wasting away doing nothing too long unless you got $$ to play with. I'm aware of a local agent who has had a block of land vacant for over 10 yrs....in no hurry.
Mom and dad where learning, They bought and sold over 120 properties. Kept only a couple. Think of it like hunters, not gatherers. We have moved to a gathering system now. Their mom's and dad's where pesants living in rural areas in Finland, Scotland's highlands and Australia. So the learning curve was incredible. They had only what their hands and brains could get. Like animals. Hard people. No dole office. Just death from freezing. Peter
Mom and dad where learning, They bought and sold over 120 properties. Kept only a couple. Think of it like hunters, not gatherers. We have moved to a gathering system now. Their mom's and dad's where pesants living in rural areas in Finland, Scotland's highlands and Australia. So the learning curve was incredible. They had only what their hands and brains could get. Like animals. Hard people. No dole office. Just death from freezing. Peter
Peter My parents were tough European peasants, the difference is they accrued & maintained for over 40 yrs. I can only imagine what the city of Perth looked like in the mid sixties through old photos. They both simply wanted a better life to what they both experienced in their formative yrs.
My Dad always believed, with mums support, that "Perth will grow bigger, we buy in the city with some homes close together(side/side & or back/back. Work hard & the tenant pays plenty."
Yes, it's continuous maintenance, something always needs attention, blisters on hands from house painting, cleaning up rubbish dumped by some lazy tenants, stick with the native type low maintance garden, coz about 98% of tenants can't be bothered with it. Nice immaculate cars some have but sometimes the home is a pigsty..yeah as long as there's no damage& the rents paid.
You save the $$ if the males are good at being fixer uppers, otherwise you can get ripped off.
In the end there's only one laughing all the way to the bank.
Times have changed but the simplistics haven't. It's not just how much can one borrow, it's about maintenance...& eventually topping it up.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
it is such a good reply i think it deserves its own thread. Lets hear what the renter have to say now. Please note that the great majority of these cost are going directly to the government. The dumblord gets very little left over. Peter from Gnarabup the problem with a block of land is none of the costs are tax deductible. Peter
The Dumblord gets very little left over eh? You are actively promoting a huge list of reasons why property ownership is poor option in comparison to renting.
Yet you are continuously call renters dumb and stupid?
You sound very confused, if not a little slow yourself....
The really single biggest problem for most landlords is their reliance on capital gain rather in excess of inflation to make a profit isn't it?
Lots throw in the towel after about 5 years I gather.
If you are going to throw in the towel after 5 years you had better hope that there was a bit of a boom in the intervening.
I bought a place in April from someone who threw in the towel after almost exactly 5 years and they lost a ****load on the transaction.
I think you really need to be planning to hold through 2 property cycles. That stops being painful after about 5 years if your place is well-enough located, regardless of what prices do.
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.
Forum Rules:
The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.
Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.
Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.
This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.
Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ
Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy