Australia's largest stock trading and investment forum Australia's #1 stock forum

Landlords are Leaches, page-429

First 429 Last

Share
Profile

Follow
nippy

12,524 Posts.

768

26/04/24

11:05

Post #: 73520745
Share

Originally posted by Cosmoterios: ↑

There is no such thing as a "Fixed" number of 6%.

Some properties need higher repairs and renovations - especially where you have tenants who have destroyed the property, before skipping. I have had situations where the tenant urinated and defecated on the carpet, destroyed the kitchen and bathroom before disappearing. And I have had to spend $30k to fix it.

Other times, its due to mother nature. I have had my property flooded. And even with insurance payment, it wasn't enough to buy the replacement value.

Then you have land tax, council rates, insurance and annual repairs.

And finally, the interest charges on the loan.

There are no fixed interest rate number. Every situation is different and every year is different.

To be a proper landlord, you have to earn income from other sources - on top of rental income, and you have to put money aside for these additional expenses (on top of interest charges).

Its only when you are in the game (property investment), that you realizes these facts versus fictions being projected about.

Expand

Correct as 6% is the long term average for 'property'. Have to nominate a figure though and 6% it is. Deviations away from that are the concern when not justified in the short term.

In the main you have made a case AGAINST PROPERTY as an investment quite separately to the 6% figure.

6% assumes average property issues going forward.

Last edited by nippy: 26/04/24
1 Upvote

Reply

Top Stories

SGP

Things finally 'looking different' for up-and-down Hot Stock tip Stockland

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

PAM

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

RAD

Radiopharm extends radioimmunotherapy trial to 5 more cancer types

There are more pages in this discussion • 791 more messages in this thread...

First 429 Last

Landlords are Leaches, page-429

Things finally 'looking different' for up-and-down Hot Stock tip Stockland

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Radiopharm extends radioimmunotherapy trial to 5 more cancer types

Featured News

Featured News

Landlords are Leaches, page-429

Top Stories

Things finally 'looking different' for up-and-down Hot Stock tip Stockland

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Radiopharm extends radioimmunotherapy trial to 5 more cancer types

Featured News

Featured News