EOFY For Property Investors

Why does end of financial year always stimulate that sense of urgency?   With the amount of excellent software programs available there is no excuse for lack of planning and ensuring every available tax deduction is claimed.  Your property investment portfolio whether it is one or many should be no different to running a business and records need to be kept of not only all the income but also all the expenses relating to that property.   It is important that your property manager has a general understanding to guide you in the right direction to maximise your rental income, limit your risk and document your expenses.   Having your properties under the one management streamlines that process for end of June with the preparation of the Annual Income and Expenditure Report.   If all the expenses relating to your investment properties are paid by the property manager, then this complete report will form the base for your accountant to prepare your tax returns, saving you time and money.   Having an online portal for landlords to access copies of monthly statements, reports and invoices on the go makes it easy for supplying information to a third party 24/7.  Nothing beats experience, whether it is managing your tenancy within your property or managing your property for you as the landlord.  It should never finish with the collection of rent and the sending of a monthly statement, anyone can do that!  If you would like further information on the services LJ Hooker Taree provide over and above the average property manager give Amanda a call.
 

Search blog articles, eBooks, and Videos..

eBooks, Checklists and Whitepapers
eBook
Better Buying Guide
eBook
Successful Selling Guide
Checklist
Selling Real Estate Checklist
eBook
Styling your Property to Sell
eBook
Rent Smart eBook
eBook
Styling your Home to Stay
Planner
Open for Inspection Planner
Checklist
Open Apartment Inspection Checklist
eBook
How to Build a Kitchen Guide
eBook
How to Build a Bathroom Guide
eBook
First Home Buyers Guide
eBook
Complete Moving Guide
Checklist
Open House Inspection Checklist
eBook
Home Loan Glossary
eBook
Buying at Auction Guide
eBook
Building a Home Guide