When we buy a new home we spend a lot of time in the kitchen. How we have grown to love kitchens. If it’s cooking, cleaning or even entertaining. This is where a common question arises. Benchtops - stone versus laminate. Is it better to include stone or laminated bench tops? There isn’t necessary a right or wrong answer but here are some differences you may want to take note before your next...
Renting your property on a short term lease. One popular benefit of investing in property is the control and flexibility of owning the asset. There are many types of rental agreements available and they are suited to different investors. Some investors may want a short-term or long-term lease, depending on their circumstances and objectives. In this article we highlight some points to consider when...
As the end of financial year fast approaches, this is the ideal time to ensure your property portfolio is up to date for tax purposes. Here we offer some tax tips for property investors. It is important to work with your accountant during this time of year so you have ample time to implement any strategies that will help your financial situation. Tax depreciation schedule - Many investors...
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...