Unlock the Potential in your Investment Property

You may have owned an investment property for some time, but have you made sure that you have maximised the potential of your investment? This means not only achieving a market rent and consistent income flow by securing an excellent tenant but also other factors that you may not have considered. The sooner you efficiently monitor your investment property, the sooner you’ll be in a position to buy your next investment property. Claiming depreciation tax benefits can assist your cash flow to pay off your principal place of residence; increase equity in your investment property; increase your cash flow or to buy another investment property. You may not be aware that the Australian Tax Office allows you to amend your previous four taxation returns to claim depreciation benefits so if you have been missing out, it’s not too late to do something about it.

Depreciation on investment properties is a specialised field and a company such as BMT provides helpful investor information.  Click here for more information.