With the recent changes to rental property security standards now officially in place, you need to ensure your rental home meets the minimum security level requirements.
Your REIWA property manager will be able to assist you in this regard, but it’s a good idea to familiarise yourself with exactly what areas of the home have updated security requirements, so that you’re well informed of your responsibilities. CLICK HERE
Read more about the termination of a tenancy for a reason other than for non-payment of rent. CLICK HERE
As an owner of a rental property, you are entitled to claim tax deductions for some of the expenses you incur while your property is rented or available for rent.
To work out what you can and cannot deduct from your tax, you need to understand which expenditure category your costs fall into. CLICK HERE
There are a number of ways you can help increase your rental return if you own a rental property. CLICK HERE
Allowing your investment property to deteriorate over time is a big mistake.
While in the short term it may be tempting to save money on regular maintenance, in the long run neglecting the property will prove very costly. Your investment is less likely to increase in value as much as others, the rental income will be lower and tenants will be less likely to respect the premises. CLICK HERE
Any plan to mess with the current negative gearing provisions is fraught because it is so deeply entrenched and therefore interlinked with our vast and complex tax system. Changing one part of it inevitably impacts on others. CLICK HERE
Whether because you simply wish to move on, or because there has been a breach of the terms of agreement, the correct way to end a tenancy is dependent on a number of factors.
The Residential Tenancies Act has been amended to make renewing or extending a tenancy agreement more simple. CLICK HERE
During this time of economic downturn, you may be tempted into self-management by the emergence of so-called ‘self-help’ websites, but there are risks involved with managing a rental property yourself. CLICK HERE
Investing in property can be daunting, but with thorough research it can prove extremely beneficial to your long-term financial security. CLICK HERE
When deciding to invest in property, it’s imperative you understand the difference between positive and negative gearing.
Put simply, the difference between the two terms lies in whether you make a profit or loss on your investment. CLICK HERE
Owning a rental property means that you have an obligation to ensure your property meets certain safety standards.
The three main safety issues to be aware of as a landlord are chain ties for blinds and curtains, having fences around pools and spas to reduce preventable deaths of children and RCDs and smoke alarms. CLICK HERE
With around 60 per cent of investment properties in Western Australia professionally managed by a real estate agency, there are many reasons to engage a property manager. CLICK HERE