Depreciation - A Most Valuable Deduction
Looking to claim? For property owners, depreciation is the gift that keeps on giving and another reason to talk with the professionals at Jim’s Building Inspections. To wit, investors deduct the amount of income-producing assets in decline over the...
Read moreThe D-Word: Time To Talk Depreciation
Sad fact: Many Australian rental property owners are failing to correctly calculate depreciation.
“I have often seen clients who have owned investment properties for five, six or seven years and have never claimed any form of depreciation becaus...
Read moreSave $1000s With a Depreciation Schedule
Investment properties are a great way to secure your financial future. As an informed investor you’ll want to take advantage of all of the tax benefits that are available to residential property investors. Who wants to pay more tax than they need t...
Read moreWhy Rental Safety Inspections Matter
“When Jonathan’s family rented a home they began experiencing recurring headaches,” reports news.com.au. “Then they made a shocking discovery.”
It turns out that Jonathan and even his children were victims of dangerous traces of crystal ...
Read moreInadequate Site and subfloor drainage
A sub-floor is the structure and crawl space between the lowest floor and the ground. High moisture levels in these areas promote fungal decay and other timber pests such as termites.
All sub-floors and crawl spaces should be considered as having ...
Read moreBuilding Inspection Reports - the ultimate negotiation weapon
Rising damp and termite damage. Two issues that would normally send shivers down your spine and see potential buyers running for the hills.
But what if you could you turn a negative building inspection report, into the ultimate negotiation weapon?...
Read moreAsbestos - Not Just About Housing
FEATHERS were flying in Red Hill last week when neighbours discovered asbestos sheeting was being removed from a disused chicken shed near their properties.
First reported in the Southern Peninsula News (6 November 2018) the story continues:
Mo...
Read moreWhat is Caveat Emptor?
Increasingly property buyers are aware of their responsibility to discover building defects before sale – this is known as the Latin principle Caveat Emptor or ‘buyer beware’.
The full quotation is ‘caveat emptor, qui ignorare no...
Read moreRental Reforms To Hit Queensland
Queensland’s 40-year-old rental laws are under scrutiny. One big potential change: making it easier for tenants to own pets and more pressure to address repairs in a timely manner. Property owners, however, may have more powers in their hands to ch...
Read moreThe Politics Of Smoke Alarms
From 1993 to 2015, CSIRO conducted tests on smoke alarms but the public is yet to read the findings. This comes at a time when activists want ionised smoke alarms banned due to alleged issues with response times to common fires. In America, the alarm...
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