Tax depreciation is a valuable tax deduction for property investors. The benefits of a depreciation schedule can also be long lasting. As a result it can provide great assistance to accumulating your wealth and property portfolio over time. What is a tax depreciation schedule? A tax depreciation schedule tables you tax deduction entitlements and outlines the breakdown on an annual basis. It simplifies your...
A full turn-key house is an upgrade made available by home builders in which they take care of necessary additions to the home, like internal wall painting, flooring, and blinds. By upgrading to a full turn-key package, you can relax knowing your home truly will be a 'move-in ready' solution. Once you receive the keys you can immediate lease the property or move in and start living the dream! A full...
When buying a brand new Apartment it is very common to see a storage cage included. There are many benefits of a storage cage and here we explore them. A storage cage is often built with chain-wire or a welded mesh frame. A storage cage can vary in shape and size but they generally don’t exceed 6m3. They can be built from floor to ceiling or to a nominated height (such as an over car bonnet). Some can...
A hoarder tenant can be challenging to manage. They are generally identified when property managers conduct property inspections on behalf of the landlord. It can be quite a stressful experience for all parties involved. In this Market Insight, we highlight some points that can be adopted to protect your investment property without infringing the personal rights of your tenant. Firstly it is...
Replacing yourself as property manager. Maintaining an investment property can be quite expensive. In order to make it as profitable as possible it’s ideal to review areas where you can save or improve your cash flow. One of the areas many investors look to consider saving is replacing yourself as property manager. As property advisers/buyers advocates, we understand why a landlord would consider it....
When buying off-the-plan not much can happen in the way of settlement until the vendor has received a certificate of occupancy. Your property must pass a series of inspections. These inspections may include a variety of reviews such as a fire safety check, an electrical or plumbing inspection and any other general building inspections What is required for a certificate of occupancy? In order to obtain...
Having a good tenant makes investing property so much better. However, even good tenants encounter financial loss and this will have a direct flow in effect to the landlord. On the other hand a bad tenant can cause significant problems to a landlord in more ways than one. Here are some ideas to help minimise rent in arrears: Upfront background checks When your property manager contacts you to present a...
Depending on where mould in an investment property can be an issue all year round. In this article we explain some general points to help avoid the build up of mound in your investment property. What is mould? Mould and mildew are a form of funghi. They thrive and grow with built up moisture. Overtime a property may get damp, dark and poorly ventilated. This often occurs in wet areas of a home including...
When entering a rental agreement a tenant intends to live in the property for a while, usually more than twelve months. However due to change of circumstances, it’s not uncommon a tenant wants to break a lease early. In considering this, it’s important to understand the proper way to break your lease. A rental agreement is a contractual agreement that is set on a fixed term. This is a legally...
When a tenant signs a lease it’s normally intended that they want to live in the property for twelve months or more. It’s often a common experience to see a tenant continue renting beyond the first twelve months but they go on a month-by-month lease. It is understandable as circumstances can change at it provides the tenant with the flexibility to leave the property on short notice. However during a...