Fitzpatricks vacancy rate has been consistently lower than the total REINSW average for Riverina. Our current rate for February is 2.24%, 1.26% lower than the regions average. Constant reviews of properties that are coming up for lease or are currently vacant is essential to securing the right tenant for your property. Key areas that should be monitored are: 1st impressions: ensuring the property is presented to a …
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Continue readingThere are all sorts of tax implications associated with investing in real estate and for some, tax relief is one of the main reasons we choose to buy residential property. However, while there are tax breaks attached to this type of investment, remember that the best way to build your wealth is to make a profit, not simply to reduce your tax liability. deductible expenses checklist …
Continue readingMaximise “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 …
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 …
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