Archive for the ‘Landlord Advice’ Category

Claim property depreciation this financial year

Property depreciation deductions can make a significant difference to any investment property owner’s cash flow. Despite this, of all the deductions available to be claimed by investors, depreciation is the most often missed.

Every property investor can benefit from learning more about depreciation and discovering the process involved in finding out what deductions are available to claim.

Here are some key points to be aware of:

The Australian Taxation Office (ATO) allows … Read more »

Common Questions Landlords Ask

What do you explain to the tenant before they move into the property?

Before the tenant is given access to the property, we go through a 15 – 20 minute Tenant Induction with them face to face.

We explain:

        Rent payment dates and methods
        Rent arrears policy
        What to do in an … Read more »

10 cost effective tips for adding value to your investment

At Living Here South Yarra, we understand the importance of effectively maintaining a property to ensure the best possible rental return for owners. There are areas where your money is better spent to prevent overcapitalising on your investment and these include:

Window furnishings
Curtains or blinds are another area which reflect the era of a property and can easily date a home. If replacing the window furnishings think about the long term … Read more »

Reasons to Rent & Not Buy

There is a silver lining to renting. From greater flexibility to surprising financial savings, we have 7 reasons why people prefer to rent.

No worries about garden maintenance. If you rent an apartment, your yard might be maintenance free, or if there is a grassy yard, the landscaping might be maintained by the landlord. If you have a green thumb, of course you can make the most of your space with a … Read more »

Answers to the Most Common Questions Landlords Ask!

Owning investment property is very rewarding. There are two main parts to the property investing process:

Finding and purchasing the property; and
Managing the property

Most property investors choose to have a Property Manager handle the second part of this process. This takes out most of the hard work. However, as the landlord of the investment property you own, you cannot abrogate … Read more »

Video Feature :: Meet Sue Abrahams our Living Here South Yarra Business Developer

View on https://youtu.be/A5inG0P_DQs

Starting with Ray White group in 2004 and recognised as one of the industry’s top performing real estate agents both nationally and internationally, Sue is multilingual and excels in bringing transparency and honesty into all of her transactions. Sue was drawn to Living Here at South Yarra team and the opportunity to work in the Stonnington area.
A go-to agent Melbourne for … Read more »

5 Property Depreciation Tips

Depreciation is the key to increasing cash flow on a residential property. Here are five tips about depreciation to assist investment property owners.

1. No property is too old
An investment property does not need to be new. Both new and old properties attract depreciation deductions. One common myth is that older properties will attract no claim. It’s worth making an enquiry about any property.

2. Claim renovations completed by previous owners
Any improvements … Read more »

Important Legislation Updates – Airbnb and Pets

The prescribed residential tenancy agreement has been amended recently. The amendment states as of 30 September 2016 landlords and tenants will be able to serve notices and other documents via email.

However, consent to serving notices by email needs to be provided in a residential tenancy agreement which must include an email address. Consent can also be withdrawn at any time by giving written notice.

Recent Victorian Court and VCAT decisions have … Read more »

10 Steps For An Enjoyable Property Investment

Investing in property is a long held Australian dream – it’s as if it’s entrenched into our DNA.  We know investors choose property because:

it’s generally less volatile than the share market,
it’s tangible,
there are tax incentives and
you can earn income from tenants.

What’s interesting though is that while many Australians invest in property, few do so with a plan … Read more »

Living Here South Yarra Landlord Information Night

[caption id="attachment_3257" align="alignright" width="225"] From L to R. Michelle Delaney, General Manager Living Here; Bella Pulj, Living Here; Chiara Harrington, Living Here South Yarra; Gerri Keayes, Director, Intelscope[/caption]

Last Tuesday evening we hosted our inaugural Living Here South Yarra Landlord Information … Read more »