Landlord Brief June 2021

At Century21 Novocastrian we like to keep your landlords up to date digitally. No boring old newsletters that no one reads. Casey Healey Director at Century 21 Novocastrian presents:

✅ Results for the month

✅ Updated COVID in the office

✅ Depreciation Schedules

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✅ Tips for being prepared for the end of the financial year- End of financial year checklist

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✅ End of financial year statements

✅ What can you claim- ATO guide to rental properties 2020

???? https://c21novocastrian.com.au/_files/pdfs/rental-properties-2020-1-.pdf

Transcript

- Hi there, Casey Healey. Back with you for our landlord brief. Keeping you landlord's up to date digitally. Rather than a boring old newsletter, find this gets a little bit more reach and it's quick, it's easy, and it's a little more. So end of financial year statements. That will be done on Thursday. So end of month is being completed tomorrow. You'll see this video from that. End of financial year statements will go out on the 1st of July. I've just gotta wait for 30 June to click over. And our bank statements always that day behind. So I need to receipt those transactions before I can close off the period. So that'll come through to you on Thursday. It will be a separate email, so keep your eyes peeled for that. COVID update, where are we? I can't believe we're back here. So we are still here in the office working. We have our little mask that we're wearing around. At this stage, we can still complete open house inspections. We can still do periodicals. We are just asking everyone to wear masks. So our team are wearing masks around the office, wearing masks at our periodical inspections, and our open houses. And we're asking all tenants to wear a mask at the open house. So they need to supply their own masks to attend the open house. Obviously, sanitize and self distance. And 1.5 meter distance. Depreciation schedules. End of financial year is obviously, its depreciation schedules are your second biggest deduction behind interest on your investment property. So if you do need a depreciation schedule, please reach out ASAP. So I can arrange that on your behalf. End of financial year checklist. We have a checklist on our website for you to be prepared for end of financial year. It'll just go into detail. What receipts you'll need, what to take to your accountant to ensure that you are prepared and you are claiming all those deductions available to you. Also on our website, but I will put a copy in your statement this month as well. The tax guide on what you can claim for an investment property. So I have got a copy of that and I'll put that link in our statement email. So you can see that and see if there's any other possible deductions that might be available on your property. And numbers, last but not least our numbers for this month. We're looking at leasing 23 properties. My list today says 21, but there's two we're waiting on deposits from the weekend. Average price of properties lease was $540 per week. Inquires, 965 inquiries, 30 inspections were completed, 289 tenants inspected and up saved were 293. So we're still receiving quite a number of applications per property. We are finding the inquiry level is slightly down, especially on the high ends. Average days on market to lease properties is 6.9 days. So that's not too bad considering we now are in winter. It can sometimes creep up to that 10 to 14 day mark over the winter period. So 6.9 days is still very good. True loss or true vacancy rate, 4.5 days between tenancies. So really maximizing our returns. Your landlord returns there. As always, I'm Casey Haley, director here at Century 21. If I can be of any help, if you have any questions in relation to your investment, or I can help any one way, please don't hesitate to reach out. Give me a call, send me an email. I'd love to help. I look forward to talk to you next month. Bye.