With the new year comes new beginnings – new tenures and employment contracts, new Defence postings, a new school and university year. January and February are a busy period with high numbers seeking rental properties. In January 2016, the vacancy rate for the Riverina was 3.70%, while Fitzpatricks Real Estate achieved 2.84%. This is primarily due to having two dedicated leasing consultants showing our properties on demand, with our inspection program providing …
Continue reading
The Australian Tax Office (ATO) will look closely if it knocks on your rental property door. Knowing what can and cannot be deducted as a legitimate tax expense can be a minefield when it comes to investment property. Late last year it notified tax agents of the continuing rental audit program of their clients that aims to ensure taxpayers do not over claim rental deductions. …
Continue reading
As inevitable as death and taxes, in all rental properties some type of maintenance issue will arise from time to time. Just as you would take care of your own home, you need to ensure that your rental property is kept in good working order. This is not only financially beneficial, as it will ensure the value of your investment is upheld, it is also …
Continue reading
The story in The Daily Advertiser this week, “Hellish tenants spark rental peril warning”, highlights the problem that most private landlords are not trained or skilled in residential tenancy law, nor know how to apply it, if their tenant stops paying rent or is damaging their property. At Fitzpatricks, our professional property management team know exactly how to approach this type of situation if it happens, and don’t shy away …
Continue reading
Buying an investment property continues to be one of Australia’s favourite ways to invest. An investment property should be about increasing your wealth and securing your financial future. There is however, a common misconception that property investing always delivers positive returns, while this is true most of the time it certainly isn’t an instant road to riches. You need to keep in mind that how …
Continue reading