Posts Tagged ‘property management’
The questions we’re asked on a daily basis
Navigating the world of property depreciation can be a daunting task for property investors. Our aim is to simplify the process, eliminate the B.S. and arm investors with the knowledge they need to get the most out of their property. With that in mind, we thought it would be a good time to answer some…
Read More“It’s not worthwhile having a depreciation schedule” – How costly unqualified advice can be
Recently we were following up on a quote in Newcastle, NSW for a house that had been split into three small units. The owner came back to us with the following: “Thank you for your email. After sending this email, I spoke to the managing real estate who advised me that the house was too…
Read MoreNegative Gearing and the Mum and Dad Investors
Much has been posited about the typical Australian property investor, especially their salary. According to the ATO, 67% of investors claiming rental interest deductions take home under $80,000 per year. At least as far back as 2014, the data has been pulled apart and commentators have asserted that the data is flawed. Their argument is…
Read MoreAverage Depreciation for Port Macquarie Home
Last month we looked at some depreciation deductions for a typical unit in Sydney. We chose a rather average unit and this month we’ll be doing the same with a house in Bonny Hills, which is near Port Macquarie. It’s easy to pick an eight million dollar unit and talk about how fantastic the deductions…
Read MoreWhat are Scrapping Schedules?
Authors Note: Scrapping schedules have been impacted by legislation changes and in most cases will not suit your scenario. See more information here – Scrapping Schedules – Why they’re a thing of the past. The term ‘scrapping schedule’ is thrown about a lot these days, and to be honest, it’s a term that is more…
Read MoreWhat will a new kitchen do for you?
What will a new kitchen do for you?Updating a kitchen can be a fantastic way to increase both your rental yield and the capital value of your investment property. We’re often asked what a new kitchen will do for depreciation deductions. Ignoring any scrapping component discussed in the adjacent article, let’s take a look at…
Read MoreMCG Featured in Australian Property Investor Magazine
We’re pleased to report MCG Director Mike Mortlock is featured in the May edition of the Australian Property Investor Magazine. Check out pages 16-18 of the magazine for Mike’s tips on managing the repairs, replacement cost insurance and tax depreciation components of owning an investment property – The 10 biggest mistakes made by landlords.
Read MoreThe Biggest Mistakes Landlords Make
1. Not treating the investment property like a business If your investment property is occupied by a family member you’re helping out, then your investment goals might be a little different. However, for most investors they’re in the business of owning a property to make money. There are often times when investors make decisions based…
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