What is land tax? If you’re a property investor with multiple properties or at least one sizeable property, land tax is an annual expense that you need to factor in along with insurances, maintenance and repairs, and other expenses. This is because land tax is calculated based on the value of the land that you […]
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What happens if my tenant stops paying rent? Having a dream tenant in your property is great. Everything is looked after as if it were their own home, and the rental payments always arrive on time. But what happens when your tenant stops paying rent? Hopefully, this isn’t a situation you’ll ever have […]
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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 […]
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How to choose the right tenant Picking the right tenant can be a tough decision, especially if you’ve experienced the impacts of less than stellar tenants in the past. Whether you had to make significant repairs to the property or fielded complaints about a previous tenant, it can make property investment extra stressful. […]
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Who loves Tax Time? (and who groaned!) Can I let you in on a secret? We have a little short cut for our property investor clients. A little cheat, if you will. You know what it’s like when you’re coming up to tax time, and you’re trying to organise your paperwork. And you’re going through […]
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Do you know how to calculate monthly rent? You might be thinking that monthly rent is just 4 weeks’ rent, right? But, if your property manager tells you this, they’re shortchanging you as a landlord. It’s a little more complicated than just 4 weeks rent, but it’s a figure you need to know if […]
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Social Media Vs Reality We all know that real estate agents get a bad wrap for all sorts of things – often things like driving flashy cars and wearing fancy watches. However, here at Property Wise, the reality is a different story! Most days you’ll find us racing from property to property, emails thundering […]
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Property Investors work with Professionals. The challenge with investing in property is that there are so many variables. And you can’t possibly be expected to know all the things. So, the most successful property investors have a few key professionals on their team: A mortgage broker – not just for the initial purchase of […]
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What makes a successful property investor? There are 3 things I’ve noticed about the most successful property investors we work with. 1. They plan. 2. They work with professionals. 3. And they’re not afraid to spend money. Let me break this down for you. Property Investors Plan. This means that before they buy an investment […]
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3 Tips for Getting the BEST Rent Prices on your Investment Property. Tip 1: Professionally edited photos. Get your Property Manager to organise professional (or professionally edited) photos. It’s not enough to use the photos you took on your phone when you first bought the house. It’s a tougher market out there, and you want […]
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