Blog Update 2/08

August 2, 2019

Hey guys,


I hope you're having a great trip! 


By way of update; 


New Property: 


  • We have been in Brisbane this week viewing numerous properties

    • We are working through the due-diligence on two in particular that we think might tick the boxes

    • We will let you know if we think they are worthwhile pursuing and what our proposed strategy is in the coming days. 


Letters St: 


  • We carried out our first inspection last weekend and the property was well presented and the tenants are happy

  • There were a few items raised that we’re quoting and will come back to you once we have those costs, but as an FYI:

    • 9 light bulbs have blown and we are having these replaced (it's the landlord's responsibility in the ACT!)

    • Schedule C02 test inspection ($297), this a yearly fee and required by law to ensure there are no gas leaks  

    • The side fence on the LHS of the driveway is getting worse. The wood is rotten and broken in several areas and the fence has thick foliage (ivy/vines) adding further weight

      • We are having this quoted for a remedial option and replacement option and can include this in the long-term maintenance plan 

  • There are a few bills coming up and they are;

    • Smoke alarm testing (again compliance), $99 and due 31-Aug

      • We will pay from your rent 

    • ICON Water bill for 1-April to 3—June is overdue to the lateness of the handover from Independent

      • The payment is processing as a Direct Debit.


Please let me know if you have any questions? 


Thanks, Michael 


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