by Mark Draper | 5 May 2024 | Property Investment Basics
To maximize your tax savings with deductible closing costs on rental properties, consider eligible expenses ranging from 2% to 5% of the loan amount. These costs include inspection fees, professional fees, mortgage fees, prepaid amounts, and title company fees. By...
by Mark Draper | 4 May 2024 | Property Investment Basics
So, you’re interested in exploring how rental property management companies work. Well, they promote your property, screen tenants, handle upkeep, collect rent, and keep you informed financially. They serve as your property superheroes, managing the details...
by Mark Draper | 3 May 2024 | Property Investment Basics
To maximize rental property deductions for carpets, keep detailed records of expenses, including receipts and invoices. Understand carpet depreciation for tax implications and classify costs as repair and maintenance or replacement. Utilize capital allowances and...
by Mark Draper | 2 May 2024 | Property Investment Basics
When selecting a rental property management company, start by evaluating locations and market trends. Check reviews and reputations to gauge performance and reliability. Compare service offerings and fees meticulously, focusing on quality tenant screening and...
by Mark Draper | 1 May 2024 | Property Investment Basics
When improving your rental property, focus on essential upkeep and renovations to attract quality tenants. Track allowable maintenance and repair costs for tax benefits. Consider replacing fixtures like for like to maintain functionality and enjoy tax perks. Remember,...
by Mark Draper | 30 Apr 2024 | Property Investment Basics
When hunting for a dependable rental property management company, begin by scrutinizing service offerings and fee structures. Compare packages, noting fees typically between 20% to 40% of rental income, considering location and property condition influences. Assess...