We’re at the wind-down of the financial year and for property investors, that means one thing… tax write-offs.
Investing in property is more than just buying a property. It’s about having a strategy behind that investment. Whether your strategy is to minimise tax or create wealth, it makes sense to claim every deduction possible related to the management and maintenance of your property.
If you don’t have a depreciation schedule, get one. A quantity surveyor can do that for you. If you don’t have a maintenance schedule, create one for next year. If you don’t have a great property manager, accountant, and financial planner, get them now!
My advice is always to maintain your property well, keep your tenants happy and communicate regularly with your property manager so they know you’re engaged.
If one property is doing well, then it’s time to look for your next!
I’d be delighted to refer you to any of my trusted specialists in any of these areas!
Just like most things we do in life, we need to make them work for us so we can work smarter not harder.
#buythathouse #buythatinvestmentproperty #buildthatportfolio