A Victorian landlord has become another victim of disgruntled tenants after they trashed his rental property.
A family of six had recently abandoned the home, leaving soiled nappies, dirty dishes and rubbish scattered around the house.
Along with timber floorboards being stained with black marks and a gas heater bearing scorch marks, there had been extensive long-term water damage to the property after a leaking shower was left unreported.
The landlord, who had been leasing out his properties for more than a decade, told The Geelong Advertiser the home was in the worst condition he had ever seen.
“I was in here inspecting the place every few months and everything seemed okay,'' he said.
“It only got this bad in the past few months, so I got engineers and building inspectors to look at the place before I evicted them.
“Their number has been disconnected and I'm worried they've done a runner on me.”
While the landlord had the tenants’ bond and was covered by insurance, he would still be making a loss.
The property was leased for $320 a week and was still being paid off.
“They had good references and I did everything by the book,” he said.
“I don't know what I'm going to do or how much it's going to cost, but getting rid of the smell and mouldy plaster won't come cheap. I hope the insurance company will be able to provide good compensation.”
This news comes after two other homes were recently trashed by disgruntled tenants.
Established in 1997, BMT Tax Depreciation has been providing tax depreciation schedules for Australian property investors for over 15 years. With 11 offices and staff members located throughout Australia, BMT’s Quantity Surveyors are proud to offer an Australia-wide depreciation schedule service.
What we do
A depreciation schedule is a comprehensive and detailed report completed on any type of income producing property that outlines the rate at which a building structure and its plant and equipment fixtures and fittings depreciate.
Investment property owners use this schedule each tax time to increase the cash return from their property.
Why choose BMT?
- On average, we find between $5,000- $10,000 in deductions in the first full year on residential properties
- We guarantee to double our fee worth of deductions in the first full financial year or we won’t charge for our service
- Our schedules are structured to help claim missed deductions for the previous two years
- 100% tax deductible fee, our fee can be claimed back in full
- We have the necessary industry qualifications
For more information on depreciation and how it can benefit your property investor clients, visit our real estate professionals’ page.
Subscribe to our free E-Bulletin
In you professional opinion , what is the industry average at this point in time of the Number of Properties per Manager that can be managed? I understand ...16 Apr 15:51
Very good article to read and it's no shock when you look at how companies are doing business of late. It's important that agents need to use old ...16 Apr 14:27
I have found this article very interesting but I can tell you when I entered this industry 20 yrs ago I was of the same thought of real estate agents and ...16 Apr 10:02