Investment Tips

Purchasing a Property

When purchasing investment properties we recommend you conduct your due diligence – you may find this checklist helpful

Scott Real Estate can assist you if you are looking to buy an investment property by providing you with independent advice relating to the estimated rental return and recommendations for achieving the best possible tenant.

Taxation

Maximising a return on your property is a priority, therefore taking steps to adequately consider your taxation is important. You may find the ATO Guide for Rental Property Owners  or the Personal Investors Guide to Capital Gains Tax 2017 helpful. We recommend that you seek advice of an independent tax agent/accountant for your current specific needs.

Scott Real Estate can provide you with an annual financial report for your property on request that itemises income and expenditure.

Property Presentation

First impressions are critical when prospective tenants are viewing a property. When inspecting your property we can assist you with any suggestions we feel may increase your opportunities to seek suitable tenants. There will always be different groups of people seeking properties at varying budget/condition levels.  From experience we can advise that well presented properties achieve top rents, usually lease faster and usually attract the best quality tenants. There are many ways to maximise rental property returns, minimising vacancy is an essential ingredient.

Landlord Insurance

We recommend our clients consider Landlord Insurance as these policies can cover for unforeseen accidents and events relating to the premises, tenants and potential vacancy expenses. Choose an insurance company which can provide you with the right cover for your needs. Two companies that offer Landlord Insurance products are Terri Scheer and EBM Insurance.

Financial Services

While our primary function is to assist you with leasing & management services, we understand your overall need is to maximise your financial return on your investment. Your financial structure, mortgage rates & minimising finance fees is a significant consideration when owning an investment property. We can provide you with the name of a finance broker should you be interested in having a free, no obligation chat.

Online Owners Portal

We have an online owners portal coming soon!

Our online owners portal service is our way of offering you a 24hour service. This online portal will allow you to view details of your property portfolio online at any time of the day or night.

We will provide you with an individual unique access code so that you can login and access property details including past statements, maintenance information and inspection notes.

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