Has your cashflow taken a hit

The rent for a property I usually have on Airbnb is halved. Massive cut, but let's say the Airbnb premium I was able to have for 5 years could be considered a blessing/bonus.

In another property, I have one tenant (who has always been a pain in the butt) stop paying as far as I know.

Hopefully I will be able to make a claim via landlord's insurance for the one who decided to not pay rent. The tenant refuses to cooperate with my PM.

 

I don’t think most Australians have any concept of what you’ve been through in Spain.

 

No issues with my Aus or NZ properties. Everyone's paying full rent so far.

 

Had to find new tenant at the start of April and was able to raise the rent $10 Per week... but in reality it was probably below market value rent before hand.

 

Yes, I think its way too early to know exactly how this will impact on our economy. We have seen many business’ in Australia closing, sadly a sign of the times. Some business’ just cant recover from this

 

I feel for you

Unfortunately its political

 

How so, we have workers flying in and out of BNE daily

 

my cashflow has taken a hit not to do with covid rent issues, but maintenance

ive had a new hot water system, 3 windows at one house for $1000, new split system, kitchen bench replacement, almost $10k in the past few months

 

wow, thats practically a full renovation ??

 

I think self-funded retirees will have an interesting time ahead.

We typically pay our self-funded pension (normally 4%) in early July every year. So this FY, we have already paid ourselves the 4% minimum even though the Government reduced it by half due to COVID.

Next FY, the rate is still half; so for us, 2% minimum. I am thinking of not making the pension payment in July but delay it to June 2021.

I believe dividends (our SMSF main source of income) will take a hammering over the next 12 months at least. If that is the case, we will probably just pay the 2%; if that isn’t the case, then we will probably pay something closer to the 4%.

So, given the above, our cashflow could take a hit next FY or even longer if the economy takes longer to recover.

None of this is a concern to us due to our cash reserves.

 

all separate house
the windows I was not happy replacing, as I think one of them was tenants fault.. but what can you do!

 

Yes you can travel with an essential service letter or FIFO technically but until Border restrictions ease there isn’t sufficiently large numbers of the public travelling on commercial flights as opposed to charter flights. Therefore there is a lack of flights, they are expensive and it’s considered all too hard currently. Add to that the risk assessments of travelling across multiple states and through declared hotspots, potentially infecting fellow employees it is not the preferred option for some companies presently.
COVID-19 hotspots

 

Damn tenants, I know exactly what you mean

 

Some for sure I have no doubt.

Possibly and possibly not. According to the chatter in the LIC thread there is the ability to sustain the dividends for a few years at least by which time there is the chance of recovery. If, and it's a big IF, SMSF's have a large proportion of their holdings in these entities they could be OK for a bit.

As to ETFs as they don't have reserves I do feel these distributions will be reduced for a while.

One solution to my mind is to purchase more if possible to offset to some extent any downturn in dividends/distribution. Not so easy for a number of investors though and not just because they may not have the cash available.

 

Oh, ok.

Lack of flights
Flights are more expensive
Company policies

So a bit different to holding Anastasia solely responsible then.

 

No, Priemer's political decision re border closures = no punters = no flights = too expensive/ too difficult = not every company has own charter = fairly straightforward to understand?

 

Not even the medical experts can agree.
Should states ditch COVID-19 border restrictions? Even medical experts can't agree on that one

 

can anyone explain to the dumbhead I am today, how closing interstate borders is going to help contain the virus on the assumption that everyone observes social distancing and essential travel etc. etc.

 

This is a galavanting disease. The less galavanting, the less it spreads. Australia is already seeing a significant drop in the seasonal flu. That's my take on it anyway!