Five expert tips from Ray White Port Douglas to prepare investors for the upcoming financial year

INVESTOR ADVICE

Lisa Keller

Journalist

Email Lisa
Last updated:
Property specialists, Ashlee Robinson and Emily Doolah are preparing to help investors make the most of the next financial year. Image: Ray White Port Douglas

BUSINESS FEATURE

As the end of the financial year wraps up, it’s prime time to rev up your financial strategy and for property investors, this time of year is crucial. Whether you're planning to maintain your position, sell up or simply reassess, Ray White Port Douglas Property Manager, Emily Doolah, shares some invaluable tips to ensure your investments are on the right track.

Book a depreciation schedule health check

“One of the most effective ways to increase your cash flow is by booking a depreciation schedule health check for your investment property”, explained Ms Doolah. Depreciation is often an under-utilised tax deduction, yet it can significantly boost your bottom line by detailing what you can claim back through your investment property.

Be proactive in property maintenance

As we transition into the new financial year, maintaining your property’s value is essential. A proactive approach to property maintenance can save you significant costs down the line. 

-----------

For more information, contact Ray White Port Douglas.

-----------

“Tick off your property maintenance list with items such as a yearly airconditioner chemical clean, gutter clearering & maintenance, yearly garden pruning, annual pest control and plan for future improvements & upgrades. By doing so, you're not only maintaining the value of your property but also ensuring a smooth transition into the new financial year,” Ms Doolah explained.

Utilise technology

Owning an investment property can be stressful so making use of technology is a great way to feel more in control. “Ray White Port Douglas has a free state-of-the-art property management app, allowing investors unlimited visibility and access to their investment 24/7 which means owners can see the financial performance of their property in real-time with no surprises and dont wait till the end of month to receive their rental income.

Owners love the fast payment options, easy bills, and effortless communication with our team and this is all available anywhere and anytime via their mobile phone” shares Ms Doolah.

Prepare for potential sales

If selling your property is on the horizon preparation is key. “Now is the perfect time to compile a comprehensive two-year income and expenses statement, a current inventory list, a copy of your management agreement, and a detailed breakdown of occupancy.

This thorough preparation will not only streamline the sales process but also provide you with a clear overview, instilling confidence in your decision to sell”, said Ms Doolah.

Reassess your property management 

With the latest Queensland rental law reforms and the end of financial year approaching it’s now more important than ever to compare the market and assess whether you’re getting the best value for money. As the Douglas Shire’s market leading agency, Ray White Port Douglas has a great incentive for investors who make the switch to their premium Property Management service, offering a $100 EFTPOS card as a welcome gift. 

These tips, along with Ray White Port Douglas’ complimentary Market Valuation and End of Financial Year Super Fund Appraisals mean home owners and investors can tackle July 1st with confidence.

For more information, contact Ray White Port Douglas.

------------

Want to showcase your business or event with a business feature? Please contact [email protected]