Building Insurance vs Landlord Insurance
Learn why you should have both building and landlord insurance policies for your investment property. This article explains the differences between the two policies and why they are necessary for complete coverage. Keep reading to learn more.
What is building insurance?
Some property investors mistakenly think that they only need standard home and contents insurance to protect their property. However, these policies are designed to protect owner-occupiers from loss and damage caused ...
What is the difference between Strata Managers and Property Managers?
If you own or live in an apartment building, you may encounter both strata managers and property managers. It's important to understand the differences between them and their responsibilities so that you know who to contact for what. In this article, we'll explain the roles of each.
What is a strata manager?
A strata manager is a professional who is responsible for managing the common areas and facilities of strata-titled properties, such as apartment buildings or townhouse complexes. Strata management involves a range of tasks, including coordinating repairs and maintenance, managing finances and budgets, enforcing strata bylaws and regulations, and liaising with owners, tenants, and contractors.
Strata managers work closely with strata committees, w...
Depreciation on investment properties
Your investment property is an asset with significant value and is subject to a range of changes each year that depreciate its value. The better you understand these changes, the smarter you can be about claiming back some of your investment property’s depreciation in your annual tax returns. And as a result of legally maximising depreciation on your investment property, you can increase your return and lower your expenses. Keep reading to learn about depreciation on investment properties.
What is investment property depreciation?
Put simply, investment property depreciation is a tax deduction that accounts for the decline in the value of your investment ...
How much rent should you charge?
How to determine what rent you should charge
With rental prices rising, you may be wondering whether you’re still charging the right amount and if you should raise the rent at your next lease renewal or rent review.
While the Adelaide rental market has experienced significant growth in the last 12 months, opting for a large rent increase without doing your research can be risky.
Firstly, if your tenants are coming to the end of their fixed-term agreement, offering them...
What should your ingoing condition report look like?
What should your property condition report look like?
Property condition reports are an important part of keeping accurate records about your investment properties. These reports are important as, while allowing for fair wear and tear, it provides all parties with a record of the property’s condition to make property maintenance and dispute resolution more straightforward. This article outlines what should be included in your property condition report to ensure it covers everything.
How to grow your property portfolio
How to grow your property portfolio
Have you been thinking about your financial future? You may be planning what you’d like to achieve, including changes to and growth in your property portfolio. Whether you’re a seasoned investor or you’ve had your first investment property for a short time, growing your property portfolio can be a great way to build wealth. To grow your portfolio effectively, however, you need to keep some important things in mind. Keep reading to learn about what you should consider when you grow your property portfolio.
What does a property manager do?
We often get asked this question and the answer is a long one!
From collecting the rent in a timely manner, and managing day-to-day tasks to organising repairs and maintenance, having a good property manager look after your real estate investment provides peace of mind and can increase your rental returns.
Your rights and responsibilities as a landlord
Your rights and responsibilities as a landlord
Whether you’re new to property investing or have a portfolio of properties, being a landlord brings responsibility. It’s important to make sure you know your rights and deliver on your responsibilities as a landlord. Understanding your rights and responsibilities from the outset will not only help you find the right property and secure great tenants, but it will also ensure you keep things running smoothly and reduce your risk. Keep reading to learn more about your rights and responsibilities as a landlord.
What are your responsibilities as a landlord?
How to choose an investment property
How to choose an investment property
Have you decided to enter the property investment market or add to your investment portfolio this year? If so, there are some key things you should look out for as you research. Keep reading to learn how to be as prepared as possible as you start your investment property search.
Determine your desired rental yield
There are three factors that make a property a good investment: rental yield, capital growth, and demand. It's important to balance your desired rental yield with capital growth. For example, a low-value home in a less d...
What to do when your tenant says they're moving out
Many tenancy agreements come to an end over the summer. Why? People like to move and be settled in a new home before the school year begins or start a new job. Whether your tenants have given you notice they aren’t renewing their lease, or they’ve submitted a notice to vacate part-way through their tenancy, there are steps you should take to make sure the process is as smooth as possible. This article outlines what you should do when your tenants say they’re moving out to reduce administrative headaches and the risk of long vacancies between tenancies.
How to Prepare your Investment Property for Summer – December 2022
After what seems like an endless winter, the weather is starting to warm up and the long days of summer are here! There are some things you should consider doing to do to make sure your property remains in good condition throughout these hot months. Not only will regular maintenance prevent costly problems at your property, but it keeps the place in great condition so you can attract and keep quality tenants – which is key (pardon the pun!). Keep reading for an overview of what you need to do to prepare your property for summer.
What is property depreciation?
Have you heard of Property depreciation? Property depreciation is a tax deduction that allows you, as a property investor, to offset the decline in the value of your investment property against your taxable income. After interest, depreciation is the second largest deduction available, so it can make a significant difference to your cash flow when you get it right. Many investors engage the expertise of a quantity surveyor and their accountant to maximise depreciation deductions at tax time. But what if you want to do your taxes yourself? Or maybe you’re just after more information about deprecation? Keep reading for an overview of the most important things you need to know about depreciation.
...
How often should you replace things in your investment property?
If you’re looking to make your investment property or portfolio a success, you should ensure you’re replacing and repairing things right on time. Proactive repairs and maintenance keep your property in the best condition possible, and it can also help you attract high-quality tenants. Keep reading for an overview of how often you should replace things in your investment property.
Property maintenance vs capital expenditure
Repairs and replacements at your investment property generally fall into two categories: operating expenses and capital expenses. The way you deduct these expenses at tax time differs. Given capital expenses are often larger investments made...