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Depreciation Schedules - By Independent Property Inspectors

What is Property Tax Depreciation? Very briefly, depreciation is the decrease in value of an item over time. Think of the tax deduction for depreciation as compensation for wear and tear. Buildings being rented out suffer wear and tear, so do the Assets (fixtures and fittings or chattels). Depreciation is a tax deduction. Other tax deductions claimed by property investors include: council/water rates,…

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Latest RPData article on rental increases slowest since 2005

Article by RP Data senior research analyst, Cameron Kusher Rental rates across the combined capital cities increased by just 2.8% throughout 2013 with appreciation in dwelling values significantly outpacing rental growth resulting in lower gross rental yields for investors. Across the combined capital cities, house rents increased by 2.8% in 2013 compared to a 3.2% increase in unit rentals.…

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The Value of Landlord Insurance

Being a landlord can be very rewarding. It can also be stressful. There‚Äôs the inevitable maintenance and associated costs that come with owning any property. There can also be issues with tenants. Appointing a Property Manager is one way of dealing with the risks and stress of owning your own property. However no Property Manager can watch your tenant 24 hours a day, 7 days a week. This…

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An exclusive agent means exclusive service

Many people think that listing their property with many agents will get them more exposure. The logic is simple more agents equals more exposure, which in turn means a quicker sale. Listing with lots of agents sounds good in theory but in reality it seldom results in a quicker sale. Agents can afford to spend lots of time and their own money coordinating a marketing campaign with the chance that the…

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Presentation is the key to selling

A friend flying for the first time was annoyed his meals tray was broken, it kept lurching forward and spilling his drink on his lap. Then the armrest came loose an wouldn't stay in place. My friend hoping this was not an indication of the maintenance standard of the airline company became fearful for his life and joined the white knuckle brigade. The same sort of thing happens when potential buyers…

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