Maximise “street appeal”: landscape or just tidy up the front garden. Make sure the front of the home is in good condition. Remove any external rubbish, pull down fences if unsightly, pull out dead trees/plants, mow lawns and tidy garden beds. Gutters: have your gutters cleaned, ensuring any dirt, silt, twigs and leaves are removed. Garages and sheds: if these are included on the lease, make sure any …
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Do you need to save for large capital expenditure items to be completed on your investment property e.g. replacement of gutters, painting of external woodwork, new carpet, upgrading your appliances etc.? We can help by setting up a capital works fund just for you. Not only will this help you plan for major works to ensure your asset is well maintained, it also assists in reducing the burden of paying those large bills for …
Continue readingAn investment property is often one of the biggest assets a person will own in their lifetime. Most will agree that the reason for owning an investment property is to increase our wealth and to provide long term security for ourselves and our family. When owing an investment property we should be working towards two types of returns: Long term return or capital gain (increased …
Continue readingTax depreciation (also known as property depreciation) is a legitimate deduction against assessable taxable income, generated by a residential or commercial investment property. It works by allowing property investors to deduct a portion of the original costs of furniture and fittings and capital works (such as renovations) on their investment property each financial year, over the effective life of that item.
Continue readingWhen leasing out your property, please ensure that you disclose any necessary information that may affect your tenants. Please familiarise yourself with these questions asked in a managing agency agreement. Has the property been subject to flooding or bushfire in the proceeding five years?
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