Both new and established investment properties attract depreciation deductions for their owners, however, there are differences in what owners are eligible to claim. Read on to better understand the differences in depreciation eligibility between new and established investment properties! Depreciation overview Depreciation is the natural wear and tear of a property and the assets within it over time. The Australian Taxation Office (ATO) allows owners of income-producing properties to claim
19
Aug 2019
Common property depreciation explained
Shared assets in strata title lucrative for investors A strata title is used when individuals own part of a property, usually called a ‘lot’. This is generally an apartment, unit or townhouse complex which shares ownership of common property including driveways, foyers and gardens. The ownerships are combined through a legal entity called the owners corporation, commonly referred to as a body corporate. Strata title can include residential and commercial
19
Aug 2019
Common property depreciation explained
Shared assets in strata title lucrative for investors A strata title is used when individuals own part of a property, usually called a ‘lot’. This is generally an apartment, unit or townhouse complex which shares ownership of common property including driveways, foyers and gardens. The ownerships are combined through a legal entity called the owners corporation, commonly referred to as a body corporate. Strata title can include residential and commercial
08
Aug 2019
7 Habits of Highly Successful Property Managers
What are the habits of highly successful property managers? Are they superhuman multi-tasking machines who don’t sleep? Most definitely not. Are they walking, talking charm-bots? Maybe. Either way, they’ve worked out ways to be more efficient and resourceful than most property managers (including those on vacation property management). They take care of themselves and the people around them, even if they’re in a relationship with real estate, they can still
08
Aug 2019
7 Habits of Highly Successful Property Managers
What are the habits of highly successful property managers? Are they superhuman multi-tasking machines who don’t sleep? Most definitely not. Are they walking, talking charm-bots? Maybe. Either way, they’ve worked out ways to be more efficient and resourceful than most property managers (including those on vacation property management). They take care of themselves and the people around them, even if they’re in a relationship with real estate, they can still
08
Aug 2019
7 Habits of Highly Successful Property Managers
What are the habits of highly successful property managers? Are they superhuman multi-tasking machines who don’t sleep? Most definitely not. Are they walking, talking charm-bots? Maybe. Either way, they’ve worked out ways to be more efficient and resourceful than most property managers (including those on vacation property management). They take care of themselves and the people around them, even if they’re in a relationship with real estate, they can still
08
Aug 2019
7 Habits of Highly Successful Property Managers
What are the habits of highly successful property managers? Are they superhuman multi-tasking machines who don’t sleep? Most definitely not. Are they walking, talking charm-bots? Maybe. Either way, they’ve worked out ways to be more efficient and resourceful than most property managers (including those on vacation property management). They take care of themselves and the people around them, even if they’re in a relationship with real estate, they can still
08
Aug 2019
7 Habits of Highly Successful Property Managers
What are the habits of highly successful property managers? Are they superhuman multi-tasking machines who don’t sleep? Most definitely not. Are they walking, talking charm-bots? Maybe. Either way, they’ve worked out ways to be more efficient and resourceful than most property managers (including those on vacation property management). They take care of themselves and the people around them, even if they’re in a relationship with real estate, they can still
05
Aug 2019
Trust Account Audit
Under the Property Stock and Business Agents Act 2002, licensees’ records in relation to the handling of trust money must be audited. This article explains who is affected, who can perform an audit, and other matters to help what they need to do to meet compliance obligations. Audit inspections are so crucial that most supplier-chain companies hire quality control inspections company to prepare them for all the audit processes. Who is required
05
Aug 2019
Trust Account Audit
Under the Property Stock and Business Agents Act 2002, licensees’ records in relation to the handling of trust money must be audited. This article explains who is affected, who can perform an audit, and other matters to help what they need to do to meet compliance obligations. Audit inspections are so crucial that most supplier-chain companies hire quality control inspections company to prepare them for all the audit processes. Who is required