LANDLORDS…LET US SHOW U OUR TIPS! IT’LL MAKE U $$$
If you’re a landlord & you like love money, read on. We’ve got some tips on how you can save money by cutting costs, NOT CORNERS!
1. SHOP MONEY – Shop for a cheaper mortgage, it can save you loads. There are a ton of competitive loans out there + an interest only loan even 4 a short time can seriously help with cash flow! Check out 1300homeloan.com.au
2. DIVINE DEPRECIATION – A depreciation report can identify ongoing depreciation of $5-$10k/year, which at a 40% tax rate is a great way of getting $ back.
3. R&R – Not spending enough $ on repairs & reno’s will actually cost you more in the long run – “prevention rather than cure”. Spending $ on your property will get your more rent + a better tenant.
4. PRO OR D.I.Y? One costs money & one doesn’t? You might want to think again. Sure, a professional Manager charges fees, however the perks that come along with that could potentially save you thousands. These management fees are often negotiable & a great managing agency not only thoroughly understands legislation & legal rights, they also have the capacity to source great tenants for a higher rental price. An impressive managing agency also negotiates super duper rates with tradespeople, builders & the like. For those who have ever found themselves in a pickle, they know only too well the importance of employing an agency to manage their property/s & how doing it yourself can in fact end up costing more than actually saving you $.
5. The “S” word – Super might seem like an unlikely way to save money on an investment property but this type of ownership structure can double the end profit for some investors. It may not offer immediate cost savings but it does mean eventually, when you sell & after the super fund has switched over to pension mode, you won’t have to pay any capital gains tax. Depending on your holding period, this capital gain can mean hundreds of thousands of dollars tax free.
WE’D LOVE TO DISCUSS THE MANAGING OF YOUR PROPERTIES, WHETHER THEY BE RESIDENTIAL OR COMMERCIAL.
WE OFFER A REALM OF SERVICES THAT NO OTHER AGENT DOES.
Why not pop in for a real coffee (they’re famous on the Northern Beaches), call us 24/7, Skype us, Facebook Us….we’re always available.
