Your professional quantity surveyor will create a tax depreciation schedule that will essentially reimburse you for the depreciation of all the relevant pieces in your property.
No matter what sort of state the economy of the Sunshine Coast in Queensland looks like, the one thing that investors can always rely on is real estate. When you purchase a rental property, you are making a long term investment for the future. Sure, property values may go up and down depending on the current economical climate, but over time, those values always find a way to creep up and prove to be a solid investment. Being a successful real estate investor means getting some professional help along the way, with a property manager and a quantity surveyor just two of the people who should be on your books. If you are looking at buying a house on the Sunshine Coast you really must engage a qualified building inspector.
One of the biggest issues that investors have is being able to find good tenants for their properties, while collecting rent can also prove to be time-consuming and problematic. This is where a property manager can come into play, as they can take over both those roles, freeing up investors the time they need to seek out new investments and work on their own jobs. While having a property manager in place can relieve a lot of the stress associated with owning rental properties, it is a quantity surveyor that can also save you money.
Property investors new to the game may not know about all the items they can claim in the first and the current tax year. The tax depreciation schedule can prove to be the difference between making and losing money on a property in a given year, yet a lot of investors know very little about it. When you buy a property, you do so with the knowledge that the materials and appliances contained within are not going to last forever. In short, they depreciate in value with each passing year, which is where the quantity surveyor comes into the picture.
Your professional quantity surveyor will create a tax depreciation schedule that will essentially reimburse you for the depreciation of all the relevant pieces in your property. There are a lot of investors who are aware of the tax depreciation schedule, but who simply don’t know all the items that can be claimed. They are essentially leaving money on the table that could have been in their pocket had they left the job to a professional quantity surveyor in Queensland.
There are also property investors out there who believe that they can do everything on their own, and those tend to be the people who run into problems over the long haul. Hiring a property manager or a quantity surveyor should not be viewed as an expense, but rather as a solid investment, much like your property. After all, you are going into the business of property investment with an eye on making money in return, and you can only really do that if you are maximizing the earning potential of the property. Professional help is not as expensive as you may think, and it will provide you with a healthier bottom line. Contact Bobby.
For Property Depreciation and Tax Allowances on investment properties please complete the information worksheet relevant to your property type. Submit online or print and fax.
Our fees are tax deductible as an expense and a receipt is included with your report.