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Why don't you contact someone through Airtasker app. for fixing things. You will find some locals in a very cheap rate.
Don't worry. Everything will be fine. Few years ago we lost $10k on a fraud. My husband was worrying immensly over it as we just came from a oversees Holiday and had nothing only next pay. Then my dad gave me call and say help with husband to get over it as" The most damaging thing you do to yourself is worrying about what you have lost. Instead that Do what you have to do on this current moment and let pass the what happened before. " That is when I got to know that months ago my dad had lost $250K over buisness deal and he started everything from very beginnig while nothing on the hands. Most important thing he has done was he didn't worry and focus on what he has to do. I over came the worries and focus, since immediately that phone call. I am following that thought /method since last 7 years and it helped me to stay strong every time when I am at the edge either financially or emotionally.
OP sometime things get overwhelming! Can you get a personal loan for the 10k? And then get one of those companies that stream lines your bills into one payment per month. Just to give you breathing room.
Hey, same situation here. It's been a big shit show lately financially. I remember having a really bad, baaaad year in 2010. Like I was literally preparing to throw myself under a road train at one point that year. Everything that could go wrong was going wrong (health, money,relationships, money, career, money, and money). But somehow we made it through till 2011 and things got better. I look back on it as a cursed year. But also, the year I became a proper adult and grew up a lot. 2018 is feeling a lot like 2010, and I'm not loving it. I'm really hoping that it's not the entire year this time. I'm just trying to take it day by day and see if I can make it through till tomorrow. My MIL (a wonderful, and amazing woman) says we just have to keep putting one foot in front of the other and plod along. Just keep going.
I can't promise that things will get easier for you any time soon. But I can promise that you are not alone. If we can just make it through till tomorrow, there's hope for reprieve. Maybe tomorrow's the day you win lotto. Or get offered a promotion and a company car. Or find $20K in a duffel bag and somehow get to keep it legally. We'll see. Just get through today, tomorrow is a job for tomorrow.
I really like the responses you have received on this post :)
Another thing you can look into for the abandoned house is placing a caveat. That in it's self is approx 3k but once the owner is located they can not sell until the caveat and fee's for fence are paid. Have a look on landgates website in regards to caveat. I believe it also means if the property is seized by the government or council they will then be responisible for removal of caveat - you will have to clarify that as laws are always changing.
With your own personal bills (and possibly child's braces) ask for a payment plan. Synergy will definetly be able to help you out - i work at the post office and there are atleast 50% of people on payment plans or who do their own form of plan by paying $10-$20 per week/fortnight to their bills. All utilities do not charge for payments no matter the frequency, however other optionals such as internet/phone companies do charge a processing fee per payment you make. Also take benefit from any pension or FTB you may receive. If you have a pension card use it on your utilities, rates, car rego's and even drivers licence.
Also a last resort option would be to possibly look into pulling funds from yours or hubbys super to pay for the expenses - another common occurancy at the post office these days.
As for the holiday - take it, even though you can't afford it - you've already paid for more than half of it and it sounds like you need a bit of space to clear your head (and breathe and sleep) and take time to evaluate the order of priorities. Hope all works well for you :) and depending on what shire you are with in Perth you can also arrange different rate payment plans to help ease that burden as well for your investment property or even your own residence. Also some shire's have special volunteer/low cost handy man work for those trying to regain control of their own lives and so by employing those people it will help you to help them in trying to integrate back into society :)
For your fence and trees, ask for a cash job? So much cheaper or pick a cheaper fence design- or dont even worry about a fence at thr moment. If the next door house is abandoned then theres no rush
Hugs, we all have times where everything comes up at once. Find out how much it will cost to patch the fence, and put up posts to stop it falling, it might get you another year. Find a solicitor (first appt free) to discuss what you can do about getting the owner to pay for their side of the fence as legally they have to pay half if it's falling down. You may be able to sue the council for allowing the house to stay abandoned, the council will locate the owner and sue them.
You don't have to do anything about the trees, if they fall insurance will fix it, if the neighbour wants the trees removed they can pay for it, honestly just don't worry about the trees at the moment. Write a list of all the things you have to do and put then in order of priority, just do them as you can. Please don't spend money you don't have on getting the trees removed.
Thank you to everyone fgor your amazing responses. A lot of the things you have said and information you have provided has been really helpful and supportive - except the 'living above our means' comment. We have always been very careful not to do this. We have money to cover issues but when you are hit with this many major issues all at once cashflow is an issue. If we knew who the owners were next door we could pay our $500 excess and get a whole brand new fence but having to pay the neighbours share is throwingvmoney away and its infurating!
Any expenses, and any losses you make on the sale of the rental house, as its an investment property, will be offset against any gains on other investments you make later, as far as tax goes. And there is no time limit. So consider this a setback for now, but not forever.
Look at the cheap options for fixes on cracks and trees offered by another respondent.
Get rental house insurance, I found Terri Scheer really good when I rented out my property, and I think its a necessity. Covers you for unpaid rent, and damage.
If the water bill is the tenants responsibility why do you have to pay it ?
MILs advice sounds brilliant, you are lucky you have one like her.
Everyone goes through these patches in their life, you just have to stay sane through them.
And the toughest times are always when you go through the early stages of the big steps that power you forward.
No offence, but I have never understood why people purchase investment properties if they don't have the means for the upkeep as required. I would want at least $10-$15 grand in the bank as a safety net. What are you going to do if the hot water cylinder reaches the end of it's life and needs replacing? The tenant cannot be without hot water for a long period of time. What if a pipe busts? What if the roof starts leaking and is worn out from age, then you find out you need a whole new roof? Is there a heat pump/air con installed? What if that breaks down? You're worried about a fence, that's minor compared to what could go wrong!
If you can't sleep at night because of money stress, I would be offloading the investment property. Even if it's at a loss. Then you will have one less burden
Ring the council to find out the owner of the vacant block and make them pay half the gence
With the water bill, can you charge more for rent going forward to build up a buffer in case that happens again.
If that's a big water bill for the average in your part of Australia, and there is no obvious reason, it might be worth getting a plumber to check if all the washers in taps are OK, (leaking taps can run through a lot of water), and to check if there is a leak somewhere.
Or is she generously watering the garden, or doing stacks of loads of washing ?
I feel like Im failing everyone in every way. I feel like something that was supposed to set us up for a future has turned into a nightmare and will now cost us dearly and set us back years. I just feel like EVERYRHING is [email protected]#!ed! I usually jave a safety net, somewhere to turn or it all somehow wors out but its just not the case now. Things are really really bad and i have no idea what to do. Even things that shouldnt be such a stress have extra complications that are almost unheard of. Someone please tell me something positive or how to calm down a bit!