Press Releases
 
Making your Investment Property Work For You Is All About The Numbers, Says Matthew Mousa, TLKPartne

Investment properties account for more than a quarter (or 2.6 million) of Australian dwellings, and most are individual investments. The owners’ reasons for investing in the first place are varied.



Australia

, 20 May 2019
--

Making your Investment Property Work For You Is All About The Numbers, Says Matthew Mousa, TLKPartners’ Financial And Property Acquisition Adviser



How to Make your Investment Property Work For You Traditional property investment may hinge on the long-term returns it brings in terms of capital growth. But for many Australian investment property owners, the short term returns provided by rental properties are their reason for buying the property. They don’t have the time or money to wait for the property value to grow and provide capital gains. But for a rental to be successful, and that rental income to flow, the property has to be operational and occupied as soon as possible, says Matthew Mousa, TLKPartners’ financial and property acquisition adviser. Investment properties account for more than a quarter (or 2.6 million) of Australian dwellings, and most are individual investments. The owners’ reasons for investing in the first place are varied. But the most common one according to close on 80% of 1,000 survey respondents was, “I want to set myself up financially for the future”. Other popular responses claimed it was more beneficial than shares, tax benefits, retirement preparation, and negative gearing, in that order. A far smaller 33% cited capital gains as the reason for investment. Yet more than half their owners are claiming losses on their tax returns. RELATED ARTICLE: Millennials Investment Property Advisor Chartered Accountant TLK Partners Kingsgrove Sydney Mousa says that tenants are the lifeblood of property investment, and determine its success or failure. However, many first time investors seemed to be unaware of the urgency to get the property running and occupied. Instead, they are spending too much time (and money) on unnecessary renovations and touch-ups or beautifying the premises in the belief that this is necessary to attract the right tenant. Instead, Mousa says the most crucial requirement is that the property is available, it’s in good condition, and it is clean, safe and functional. Unnecessary extras and frills are unlikely to push up the rent, and may even be a deterrent should potential tenants not feel at home with the style. He says the vacancy rate in the area largely controls the rental rate and advertising spend, and the number of tenants looking for a home. And the type of tenant a property attracts is mostly governed by its location. Unless a low vacancy rate replaces choice with desperation, tenants will opt for rentals in areas which provide security, ease of access, and convenience. Students will look for a place close to the university, and office workers will want the shortest commute to work. Families, on the other hand, will probably opt for a house close to schools, shopping centres and hospitals. RELATED ARTICLE: Impact Of ALP Tax Change Proposals By Aged Care, Estate Planning and Private Wealth Management Accountant Financial Expert Thomas Mousa of TLK Partners In Sydney Post-occupation maintenance of the property is vital, according to Mousa, both for the owner and the tenant. If maintenance is handled correctly and timeously, it can encourage good tenants to stay long-term and provide a stable rental stream, instead of packing their bags and leaving which could result in a break in the income flow until another tenant is found. And proper maintenance will not only keep the property in shape and the tenant happy, but it will prevent its market value from sliding down. For maintenance to be kept up to date, a capital budget is needed, preferably amounting to about 5% of the annual rental income. This is to cover the costs of small projects like replacing blinds, gutters, smoke alarms and so on, as well as bigger ones that arise less regularly, like a bathroom or kitchen, refurbishment, painting the property, or replacing an appliance like a stove or fridge. RELATED ARTICLE: Private Investors Property Income Has Tax Implications Says TLK Partners Expert Matthew Mousa Finding the right tenant, one who pays the rent regularly and on time, who keeps your property clean, and doesn’t cause a nuisance, may seem like a dream come true for a property investor. But keeping one is even more important, says Mousa. Making the tenancy work for the owner involves having the right background checks and systems in place when choosing a tenant, so as to protect the rental business and income. Making it work for the tenant calls for the owner to provide them with a comfortable home on a well-maintained property, be consistent and professional, charge a market-related rent with reasonable increases, and attach fair terms and conditions. “Property investors trust TLK Partners to steer them in the right direction and to assist them in maximising their return on investment,” Mousa concludes. TLK Partners Wealth Management Companies Kingsgrove, Beverly Hills | Tax Accountant & Agent | Property Advisers are financial management, retirement planning and wealth advisers serving enterprises and private individuals who hope to take care of their future through sound financial management. Visit their website or contact them at (02) 8090 4324 for an appointment to discuss your financial management and investment needs. This material is of a general nature only, and it does not take into consideration your financial circumstances, needs or objectives. Before making any decision based on this content, you should assess your own circumstances, seek professional advice or contact our office to be directed to the appropriate professional. Whilst all care has been taken in presenting the material neither TLK Partners or its associated entities guarantee that the material is free of error and, the information may have changed since being published. Syndicated by Baxton Media, the Market Influencers.



# # #


Disclaimer:

https://tlkpartners.com.au/



Submitted by prcagency, Press Dev on Monday, 20 May 2019 at 3:05 PM
Category: Economy
 
Related News

Coating Solvent Market: Bio-based Coating Solvents Gain Emphasis Abreast Sustainability
Thursday, 18 Jul 2019

Dr. Daniel Robinson and Dr. Dan Johnson's New Book 'Misty Mornings
Thursday, 18 Jul 2019

Llandudno Company Designs Dream Modern Style Fitted Dining Room & Kitchen Furniture
Wednesday, 17 Jul 2019

Attract the Niche Audience with Subtle Marketing with Business Cards from PrintPapa
Monday, 24 Jun 2019

Get The Best Dalton GA Online Branding Website Design Google Optimization Solutions
Tuesday, 18 Jun 2019

Related Events

There are no related events in this category.

Latest News

Marriage Counseling Suggestions
Sunday, 21 Jul 2019

Saudi Arabia to Organize World PEACE Products and services Expo to Reconstruct the Global Peace Prod
Sunday, 21 Jul 2019

Probiotic Company Plans to Attend Major Expo
Sunday, 21 Jul 2019

Rock Down the River This Summer
Sunday, 21 Jul 2019

Considerations When Acquiring A Bookcase
Sunday, 21 Jul 2019

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2019
Today is Sunday, 21 July 2019

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Oncology Review
  • Breast Imaging A to Z: How to Read Like (or Better Than) the Experts-Hawaii
  • Update in Orthpaedic Surgery Conference July 22-25, 2019 Grand Hyatt Kauai
  • Echocardiographic Symposium at Vail
  • Microbiome Movement - Oncology Response Summit

  • Latest Jobs
    Sorry, there are currently no entries posted here.