Time to simplify your investment management
As we head to the end of financial year, it’s a great time to reflect on how much time you spend managing the finances around your investments and how you can simplify the process – saving you both time and money.
- Ensure your depreciation schedule is up to date: you can claim against the reduction in value of items such as carpets, curtains, stove cook tops, some light fixtures and shower heads.
- Invest in expert specialist depreciation advice: up to 4 out of 5 Australian investors are potentially costing themselves thousands of dollars at tax time due to DIY depreciation claims.
- Consolidate your expenses and deductions where possible: if you have a number of investments you can get a “Master landlord insurance policy”. This allows you to pay one premium (either monthly or annually) and lets you have just one policy number helping keep things far easier to manage.
The LJ Hooker Assist team can help you consolidate your insurances and also can arrange a policy discount for three or more landlord covers. You can give us a call on 1300 875 974 (Mon – Fri: 9 to 5) or contact us anytime via email on firstname.lastname@example.org.
* This information is a guide only. Please seek your own financial advice on all matters related to your investment property.