Ep. 189 | Q & A - Vic Residential Tenancy Changes and “Legoland” in a Good Location
Summary: Folks, today we’re tackling your questions around some tough topics!<br> Because chances are, you’ve heard about the amendments that’ve recently been passed on Victoria’s Residential Tenancies Act — laws that allow tenants to keep pets and make ‘minor’ modifications to the property, regardless of the landlord’s wishes.<br> So we’re going to give our take on this, as well as take a deep dive on “Legoland” and whether or not these properties are worth considering if they’re sitting in a good location. Plus a certain Donald Trump gets a mention, as does the interest rate rise we’ve seen from the big banks right here on our home turf!<br> And why the tough topics now?<br> Well folks, it’s pretty simple… we’ve sweated out our brand new book, <a href="https://empower-wealth.lpages.co/waitlist-make-money-simple-again/" target="_blank" rel="noopener">Make Money Simple Again (Get 30% off here)</a>, and now that it’s off to the printers… we’re ready to take on some of your other challenges!<br> <br> Before we kick it off, just a shout out that <a href="https://www.eventbrite.com.au/e/pica-vic-changes-to-the-residential-tenancies-act-tickets-50117068501" target="_blank" rel="noopener">PICA’S holding a limited-seating event</a> on Tuesday 18th September at 6pm — to discuss on the amendments to the Victorian Residential Tenancy Act…<br> This is an exclusive event (only 60 seats available) with Yvonne Martin and will take place at Madgwicks Lawyers, Level 6, 140 William Street, Melbourne.<br> <a href="https://www.eventbrite.com.au/e/pica-vic-changes-to-the-residential-tenancies-act-tickets-50117068501" target="_blank" rel="noopener">Register Here: PICA – Changes to the Residential Tenancies Act</a><br> <br> And yes,<br> WE FINALLY FINISHED OUR BOOK, Make Money Simple Again!!!<br> <a href="https://empower-wealth.lpages.co/waitlist-make-money-simple-again/" target="_blank" rel="noopener">Get 30% OFF IF YOU JOIN THE WAITLIST</a><br><br> (AND get it before anyone else!)<br> <a href="https://empower-wealth.lpages.co/waitlist-make-money-simple-again/" target="_blank" rel="noopener">CLICK HERE TO GET THE DETAILS: Make Money Simple Again</a><br> <br> But back to the tricky Q & A….<br> <br> Question — Chris on Tenancy Changes<br> I’m disappointed at your quick video overview regarding proposed rental tenancy changes in Victoria. I have no problem with most of the suggested changes but, how can you not be alarmed at tenants being given the right to have pets and make modifications deemed ‘minor’ – whatever that means? We are not just talking about picture hooks here! After investigating further, this may include security measures and air conditioning! <a href="https://thepropertycouch.com.au/ep122-qa-transitioning-market-money-management-tax/">Who pays for these?</a> You flippantly dismiss the pet comment with a remark about ’tiles’. Are you serious??? What about carpets and polished floorboards taking a pounding from pets’ claws and their excrement! I will tell you from experience that any sort of steam cleaning and fumigating of carpets etc….even at the tenant’s expense is not the answer. I’ve had to on at least two occasions (where both urine and faecal matter was so prevalent) had no choice, but to change the carpets! Forget the floorboards – too damn expensive to re-sand and polish! Please tell me that these abovementioned points are also concerns for you?<br> <br> SpeakPipe Question – Emma on Rate Statement showing a Decline<br> I have a 2 bedroom, 2 bathroom, 1 car spot investment apartment in Maribyrnong. I’ve just noticed on my new rate statement that the Capital Improved Value and the Site Value have decreased. It is a <a href="https://thepropertycouch.com.au/ep81-does-investing-for-the-long-term-actually-matter-stuart-wemyss/">long term investment</a>, should I be worried?
