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How to Prepare your Investment Property for Summer As the days get warmer and longer, there are things you should do to make sure your property remains in good condition throughout summer. Not only will regular maintenance prevent costly problems at your property, but it keeps the place in great condition so you can […]
How often should you replace things in your investment property? One in five Australians own an investment property, but only a third own two or more. If you’re looking to make your first and subsequent investment properties a success, you need to ensure you’re replacing and repairing things right on time. Proactive repairs and […]
What is a tenancy tribunal? And how does it protect your investment property? A tenancy tribunal is an independent body that deals with certain disputes between landlords and tenants. In each state, it is generally called a civil and administrative tribunal. The tribunal is designed to make legal decisions and help resolve disputes by hearing […]
By Sally Shaw in Blog with 0 Comments
What is property depreciation? Property depreciation is a tax deduction that allows property investors to offset the decline in the value of their investment property (or properties) against their taxable income. After interest, depreciation is the second largest deduction available, so it can make a significant difference to your cash flow when you get […]
What Should an Inspection Report Look Like? Regular property inspections help you proactively identify any issues with your property before they turn into bigger costly problems. And not only can it save you money, but it keeps communication open between your tenants and either you or your property manager too. Keep reading for an […]
4 Steps to Getting Ready for Tax Time as a Property Investor With the end of the financial year recently arriving, now is an opportune time to get all of your documents and information ready for you or your accountant to prepare your tax return. As soon as you have an asset such as […]
How often should you inspect your investment property? Routine inspections are a key part of maintaining the condition of your investment property. Plus, they can also help to ensure open communication with your tenants. Keep reading to learn how often you should inspect your investment property and why. You need to balance tenant […]
5 ways to save money on maintaining your investment property When you own an investment property, one of the highest ongoing costs is maintenance and repairs. From regular pest control to emergencies and larger issues, small unresolved problems can create costly problems in the future. This article outlines the common maintenance jobs required on […]
If your investment property is an apartment or unit, body corporate fees are one of your ongoing expenses. In newer developments, these fees will often be higher to cover the maintenance of luxury amenities such as pools and gyms. But the modern luxuries aren’t the only things that a body corporate will pay for […]
Most prospective tenants have a list of ideal features they’d like in their home. If you can offer these in your investment property, your chances of securing a quality, long-term tenant increases. Not only does this provide peace of mind that your property will be looked after, but quality tenants are more likely to pay […]