by Rebecca Fogarty | May 27, 2024 | Boring but Essential, Checks and Balances, Dot Your I's Cross Your T's, EOFY, Landlord
Land tax is an annual expense you need to factor into your other outgoings as a property investor. It’s calculated based on the value of your land holdings above a specific threshold. Value thresholds and when land tax is calculated are different in each state, so...
by Rebecca Fogarty | May 27, 2024 | Boring but Essential, Checks and Balances, Dot Your I's Cross Your T's, EOFY, Landlord
As the financial year comes to an end, it’s time to get everything prepared so you can complete your tax return. Taking proactive measures now is essential to ensure a seamless and efficient tax filing process for you and your accountant. By getting organised early,...
by Rebecca Fogarty | Apr 11, 2024 | Checks and Balances, Landlord, My Wallets Looking Empty, Rental Market
There are many different factors to consider when setting a budget for maintenance on your investment property. The age of the home will play a large part in this decision. There are a number of formulas for maintenance, the most common is the 1% rule – which is the...
by Rebecca Fogarty | Jan 9, 2024 | Boring but Essential, Checks and Balances, My Wallets Looking Empty, Rental Market, Tenancy
One of the biggest disputes we see as a property manager is over rental increases. We often hear: “I’m a good tenant, I pay rent on time and keep the property clean – why are they increasing the rent?” Or we hear: “The owners haven’t done anything to improve the...
by Rebecca Fogarty | Jun 27, 2023 | Boring but Essential, Checks and Balances, My Wallets Looking Empty, Tenancy
Toowoomba Regional Council held their special meeting recently to discuss many fees and charges. These new increases will mostly affect landlords and property owners but the water charges will affect tenants. The new water usage charges are: 1st tier – $3.09, 2nd Tier...
by Rebecca Fogarty | Sep 9, 2022 | Boring but Essential, Checks and Balances, Communication Matters, Help is Here, Just in Case, Tenancy
One of the key factors, when choosing a new tenant for a new rental property, is the tenants rental history. The best way to do this is with a reference from your previous agency which always includes your tenant ledger. What is a tenant ledger? A tenant ledger...
