“That Is Not Accidental Damage It’s Wear And Tear!” Investment Property Accidental Damage VS Wear & Tear
Some landlords in Seven hills and Toongabbie have idealistic expectations that their property will stay in exactly the same condition at the end of the lease as when tenants first move in. The truth of the matter is that, over time, wear and tear on a rental property will happen. Landlords should expect a level […]
Top 5 Renovation Improvements To Increase Investment Property Profit
Whilst investors are enjoying the fruits of an extremely tight rental market at present, with historically low vacancy rates across all capital cities, (Especially in Toongabbie and Seven Hills) this is no time for landlords to become complacent about the up keep of their investment or over confident about keeping their property occupied. Spending a bit […]
WHAT TENANTS REALLY WANT
Here’s a list of the most common criteria tenants have when looking for a rental property: Close to shops, schools, transport & leisure areas eg: bike ways, parks Renovated or improved and in very neat & clean order Heating & cooling are fast becoming essential items Space & light Off street and under cover car […]
SPRING CLEANING YOUR PROPERTY PORTFOLIO
Once a year all prudent investors should pull out the investment scrapbook, clean off the dust and ensure that everything is as it should be. We’ve included the following tips of our own and also as read in an article by Margaret Thomas found recently. Here are a few tips as to what you […]
Standards Could Save You A Small Fortune, For Investment Property Owners.
Toongabbie and Seven HIlls investment property owners who ensure that their investment property meets Australian standards for buildings could be saving themselves a small fortune. Owners of investment property have a legal responsibility to ensure that their property meets all current standards. These standards include the obvious such as electrical wiring, smoke alarms, plumbing, but […]
Rental Reductions Under A Microscope
CPA Australia has advised Australia’s 1.5 million taxpayers who own rental properties that the Australian Taxation Office will be increasingly vigilant in auditing rental deductions as rental losses to grow. The Australian Taxation Office plans to examine 6,000 at-risk cases as well as unusual patterns of rental claims. Last year, the Australian Taxation Office sent out […]
BECOMING REAL ESTATE DEPRECIATION WISE
In terms of depreciation, what should you consider when making an investment property purchase decision? If you are looking to purchase an investment property, it is worthwhile asking yourself a number of questions. While many investors consider location, purchase price and tenanting ability when contemplating an investment property purchase, they often overlook depreciation as an […]
Are You Getting Strange Calls Late At Night? WHAT IS CLASSIFIED AS AN EMERGENCY REPAIR?
To save real estate owners time and money I have written this article because of the amount of calls we get late at night by our tenants for EMERGENCY repairs to replace fly screens and internet connections. If you are considering managing your own property in Seven Hills or Toongabbie, this is a must know […]
Stormwater Or Floodwater? Only Your Insurance Policy Knows, It Seems!
I know its spring but as investors we need to speculate in to the future and look at worst case scenario. In the past torrential storms and flash floods have had many investors in toongabbie and seven hills scratching their heads, trying to work out just what it is their insurance policy does cover in […]
The 7 deadly sins of investing in property
Investors themselves often pose the greatest threat to their financial security in times of uncertainty, which has released a list of the seven deadly sins for investors. The best strategy for investors in the current economic climate is to stay calm. “Fear is a great motivator but a bad guide,”. “People who act cool will […]
Should You Sell With Vacant Possession Or With A Tenant Still In Place?
You have decided, for whatever reason, that you need to sell your investment property. Now comes the time to decide if you should sell with vacant possession or with a tenant still in place? Should you sell with vacant possession or with a tenant still in place? We look at the advantages and disadvantages of both […]