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 […]
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 […]
A reminder of nsw smoke alarm laws
Under the Residential Tenancies Act and Regulation: Landlords are liable for the fitting of smoke Detector in tenanted properties. Landlords have a right to access to leased property to instal smoke alarms after issuing the tenant a minimum of 2 days notice. Landlords and tenant are, are not allowed to remove a smoke alarm or interfere it from working. […]
Property owners without adequate insurance could face financial ruin!
Property owners without adequate public liability insurance could face financial ruin if tenants or their visitors are injured on their rental property. And the worst part about many accidents is that they could easily have been avoided. Classic examples of problems that could turn into legal minefields include windows that do not have safety glass, […]
landlord/tenant relationship and discrepancy between the agreed rent
We recently came to the aid of a landlord where the landlord had rented and managed his own property in Seven Hills to the same tenant for nearly 2 years. The tenant became aware that there was a discrepancy between the agreed rent and the rent stated on the RTA (Residential Tenancy Agreement), and as […]
Property Investor Newsletter April – May 2012
ATO landlord tips that you may not have known! We do appreciate that the focus of every landlord is to optimise their tax returns and maximise their income. However, be aware of when you can claim repairs and work on the property as a legitimate tax deduction. CAN YOU CLAIM THE COST OF REPAIRS BEFORE YOU […]
Property Investor Newsletter March – April 2012
REPAIRS, MAINTENANCE AND IMPROVEMENTS Many landlords often ask, “What is the difference between repairs, maintenance and improvements in relation to investment property tax deductions?” So we have taken the time to research this information. What are repairs and maintenance? When the ATO refer to ‘repairs’, they mean work to make good or remedy defects in, […]