Are you a landlord? Here’s 3 things to check off before EOFY
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Talk to your property manager
Gain a thorough understanding of any repairs, maintenance and other expenses you’ve incurred on your property over the last financial year so that your paperwork is in order and your accountant is fully up to speed at tax time. Find out if there are any repairs or maintenance that need your consideration.
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Talk to your accountant
Enquire whether it’s worth bringing forward any tax-deductible expenses – though you’ll need to move fast as June 30 is only days away. Your accountant should guide you on all the documentation you need to provide to ensure you get all your property related tax deductions right the first time. They should also be able to point you to a qualified quantity surveyor to complete your depreciation schedule if you haven’t already completed one for each property.
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Talk to your strategist
As the financial year comes to a close, it might be a good time to take stock of your existing investments and assess how you’re tracking in achieving your property investment goals. Your Ironfish Property Strategist will be able to answer all your property investment questions, give you a Portfolio Analysis of your current situation using Ironfish’s exclusive PPA software, establish a strategic plan to help you build your portfolio and recommend opportunities tailored to your needs.
Happy End of Financial Year to all our investors from the Ironfish team!
We look forward to working with you over the coming year to continue along the path to achieving your property goals.