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  • Originally posted by Aussie Lass View Post
    Would anyone in this thread know anything about leasing my property to Defense Housing?

    to cut a long story short, me and my partner brought a house back in September, a little "lock and leave" unit in Nollamara. 6 months later he decides to split.
    In those 6 months because of the market we would lose quite a bit of money if we sold now if you include advertising and real estate fees and all that crap. We have split loans, so i have the option to buy his half out and keep it for myself, however due to being a full time student it would be a struggle to maintain that ( i could rent it out but i havent gone down the Math/calculations pathway for that). If i rent it out I would be scared of not being able to get tenants and then having to pay a mortgage I cant afford.

    i was looking into defense force housing, because thier website claims permanent rent and 6 year leases, property mangement and a full restoration before handing it back to me.
    But you know, that when something seems to good to be true it is..... so whats the catch?
    I know a leeetle bit about DHA.

    Give them a call.

    They will then tell you which area is required and what sort of house/abode.
    They have a list of general duties crew and then officers accomodation. Each is different. ( family , single , officer, ect) and each has required prerequisites.

    You might need to do certain things to your pad in order to make it habitable for each party. ( pools, HWS, bedrooms ,ect. )
    Each is different.

    If you are in the right area, a unit might be a required abode and will be a financial bonus for you, if you can reach an agreement.
    Rents ARE negotiated and are matched to the CPI, ect. Often it is less than market, but a better financial decision for you with luck

    They do repair damage and the offending soldier gets their arse kicked and are the ones who pay the forces back. It's in their best interest to look after your property.

    Inspections are harder the normal rentals, especially when they are transferred and vacate the lease...
    Sventek, being a predominantly lazy fuck can you please purchase some for me, bring me the stuff, create something I want after you think of it for me then clean my house, wash my car, dog, bike breathe for me.

    Comment


    • I believe also the leases are longer and harder to get out of if you suddenly decided you wanted to sell the house/unit etc as well as being lower rents than what may be available commercially
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      Comment


      • I'm not too sure about DHA leases on existing properties. I bought a DHA property with a lease in place. 7 year lease plus 3x 1 year extension options. The lease is part of the sale with lease lodged as a caveat against the property title.
        Rent is at market rate and reviewed annually. The DHA management fee is just over double what a private agent charges, but they cover all maintenance costs. We just get a list of any maintenance done and the same consistent rent each month. You lease to DHA who sublet to tenant. So you always get rent, even if tenant doesn't pay or property vacant.
        I also have a privately rented property. The DHA property is way easier and low risk. The private property has a higher weekly return, but greater risk.
        DHA will paint and recarpet house at end of lease. I doubt that it will be high end paint and carpet.
        Due to the lease security there is demand for purchasing DHA properties which i suspect pushes up the purchase price.
        Having said all that we did receive a notification last year that they doing and independent review to see if the existing system represents value for money for DHA.


        Sent from my SM-G900I using Tapatalk

        Comment


        • Your house will have to meet specific criteria to get the DHA on board. If they do take your unit it is theirs for the term of the lease, no coming back to them in 3 years and saying I want to move back in.

          The Perth Rental market is pretty much stuffed from a land lords perspective, and has a high vacancy rate. If you put the vacancy rate together with most property managers wanting 8-10% plus other fees, you will be in front.

          Good luck.

          Comment


          • Seems homeowners now face a "vacant property" tax... if , indeed, you are renting out that property...

            and haven't been able to get that -lazy good for nothing - property manager to --get off their fat lazy arse--

            And use the funds you are losing ,from vacant house..rental losses ......to advertise... FFS and get a reasonable tenant to help bolster you ailing income...FFS ( did I say FFS..?)
            " Imagination is the seed of life..."

            Comment


            • Originally posted by wiggles View Post
              The Perth Rental market is pretty much stuffed from a land lords perspective, and has a high vacancy rate. If you put the vacancy rate together with most property managers wanting 8-10% plus other fees, you will be in front.
              Is that seriously how much property managers get?? From a renters perspective, they seem to do nothing to earn that coin. Have heard complaints from owners i know as well

              Comment


              • I though it was 4%
                "Some people are like clouds. When they disappear it's a beautiful day"

                Comment


                • I used to pay 10% plus two weeks rent leasing fee, costs for regular inspections and reports... postage and petties, what a fucking rort.
                  I finally pissed the incompetent arseholes off and went direct, and it made (unit) investment better in every way.

                  S.
                  Chuck Norris is 1/8th Cherokee. This has nothing to do with ancestry, the man ate a fucking Indian.

                  Comment


                  • Only problem is when you get feral tenants that trash the house/not pay
                    "Some people are like clouds. When they disappear it's a beautiful day"

                    Comment


                    • Originally posted by Halo_2 View Post
                      Only problem is when you get feral tenants that trash the house/not pay
                      And agents help with that how?

                      Granted, they know the legal options, not that it helps a lot.
                      They hung a sign up in our town "If you live it up, you won't live it down"-Tom Waits

                      Comment


                      • Originally posted by chew View Post
                        And agents help with that how?
                        By not getting bad tenants to start with, if you have a good agent. They have access to quite a bit of useful info.

                        Originally posted by chew View Post
                        Granted, they know the legal options, not that it helps a lot.
                        My experience is that it helps a whole lot when you get into the situation where you need it.
                        Again, if you have a good agent.
                        Originally posted by mekon
                        Why are pirates called pirates?
                        Because they Arrrrrr

                        Comment


                        • Originally posted by MikeL View Post
                          By not getting bad tenants to start with, if you have a good agent. They have access to quite a bit of useful info.



                          My experience is that it helps a whole lot when you get into the situation where you need it.
                          Again, if you have a good agent.
                          Really, I've never met one.

                          This may be the case when it is a Lessors market but now that the tide has turned, be careful and cover your own arse.
                          They hung a sign up in our town "If you live it up, you won't live it down"-Tom Waits

                          Comment


                          • What are some of the hidden pitfalls/bonuses of renting out a place you own for while living in a rental?
                            Idea being we can downsize for now and pay less in rent than what we can get for our own house.

                            Pro:
                            Can claim interest payments (which will be more than the rent earned) and other standard rental deductions, saving $$$ that will be put back onto the mortgage.

                            Cons:
                            Have to live in a rental and not our own house.
                            Possibility of shit tenants
                            Possibility of not being able to rent out our own place.

                            Anything I'm missing?

                            Comment


                            • Originally posted by JaR6d View Post
                              What are some of the hidden pitfalls/bonuses of renting out a place you own for while living in a rental?
                              Idea being we can downsize for now and pay less in rent than what we can get for our own house.

                              Pro:
                              Can claim interest payments (which will be more than the rent earned) and other standard rental deductions, saving $$$ that will be put back onto the mortgage.

                              Cons:
                              Have to live in a rental and not our own house.
                              Possibility of shit tenants
                              Possibility of not being able to rent out our own place.

                              Anything I'm missing?
                              Capital gains tax. Your Principle Place of Residence is pretty much the only investment you can get tax free. If you decide to rent it out, the period of which you leased it will be factored into your tax free amount (ie your tax free amount is portioned to the number of years you have it rented)

                              Comment


                              • That's a big one, cheers.

                                From some quick research, it look like we could rent it out for up to six years, then move back in and still be exempt from CGT as we won't be buying another place. Does this sound right (i understand the best advice is someone who deals with this legally, but just getting an idea)?

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