RH ASHFIELD Monthly Property Newsletter 2018
(Updated every end of month)
HOW TO PLAN AHEAD FOR NEXT FINANCIAL YEAR
End of financial year is the most important time of the year, where you hope to achieve the best rental return from your property investment. With the dust settling on the 2017/18 tax season, now is the time to act and implement steps to maximise your cash flow for the new financial year.
Steps to Get You Planning Ahead for 2018/19:
* There are several expenses, like insurance, council rates, property management fees, building maintenance or strata/body corporate fees. Know when they are due/expire and create a budget to cover them.
* Be mindful of average asking rents so you don’t price yourself out of the market and be left with a vacant property and no income when your lease expires. This is where our Property Management Team can really help you.
* Periodically updates to the investment property. Replacing old, worn carpet and giving the property a fresh lick of paint can increase your rental income and add capital value when selling.
* Above all else, Landlord Insurance is an outlay you should strongly consider when drafting your budget for the new financial year