Tips

Attention First Time Investors…

Fitzpatricks - 19/09/2019

Many first-time investors are of the belief that buying an investment property is out of their reach, particularly if they do not have any equity built up in an existing property and face the prospect of saving for the deposit from scratch. This can be a daunting prospect, particularly if the deposit is in the order of $50,000 to $80,000. But it’s not impossible. All …

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Preventing Mould in your Home

Fitzpatricks - 04/04/2019

With the cooler months ahead comes the annual winter mould attack; through our reliance on the indoors, using heaters which create condensation, drying clothes indoors and a reduction in direct sunlight. What is Mould?Mould is a form of fungus and is primarily spread by airborne spores which will develop and grow on almost any surface providing the following conditions are present;

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Tax Time

Fitzpatricks - 29/06/2017

With tax time upon us, it’s important to understand what you can claim in order to get the full deductions you are entitled to in regards to your investment property. Here is a list of items you can potentially claim as deductions on your tax return:

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Five Depreciation Points Every Investor Should Know

Fitzpatricks - 20/04/2017

Any owner of an income-producing investment property is eligible for significant taxation benefits. Despite this fact, according to the Chief Executive Officer of BMT Tax Depreciation, Bradley Beer, 80 percent of property investors are failing to take advantage of property depreciation and are therefore missing out on thousands of dollars in their pockets. “Property investors often assume they are ineligible or that it is not …

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Keeping it Cool…

Fitzpatricks - 18/01/2017

With 2016 the hottest year on record and the scorching summer temperatures predicted to continue, there’s no doubt air-conditioning is an essential. Wagga Wagga is known for its extremes in weather – contrasting very hot summers with freezing cold winters. Year round comfort is an essential thing both buyers and renters are looking for, and it can certainly be a deal breaker, so it helps to have …

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Stepping up on Home Security over the Christmas Period

Fitzpatricks - 15/12/2016

Unfortunately while we are in the mood for giving and receiving, somebody is in the mood for taking. “Taking” is definitely on the home burglar’s mind as he or she views the holiday season through different eyes – eyes that are focused on your home to complete their own shopping list. Christmas is a magical time of year when family and friends come together to celebrate the …

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The Immediate Dangers of Self-managing your Property

Fitzpatricks - 05/04/2016

Many landlords don’t think about the immediate dangers of self-managing their investment property and sometimes think it is as simple as collecting the rent from their tenants. This couldn’t be further from the reality of what it takes to manage the tenancy of your investment property… Can you afford to take the risk? The immediate dangers in self-managing are leaving yourselves open to many risks …

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Is the Property Safe? What we keep an eye out for!

Fitzpatricks - 03/12/2015

As inevitable as death and taxes, in all rental properties some type of maintenance issue will arise from time to time. Just as you would take care of your own home, you need to ensure that your rental property is kept in good working order. This is not only financially beneficial, as it will ensure the value of your investment is upheld, it is also …

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