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Why Your Property Manager is the Best Person to Sell Your Investment Property?

Are you planning to sell an investment property on your own? 

If you’re the owner of an investment property and struggling to get a deal to the closing table, having a dedicated property manager on your side can make a big difference. For instance, our property managers at Silver Service have successfully been navigating one of the most common problem areas for our clients — balancing the tenant’s rights and obligations with that of the landlord/seller in case they don’t wish to or, cannot afford to sell their investment vacant.

Unlike brokers who exclusively focus on the sale while neglecting the tenant issues, we aim to reach a happy middle ground wherein our client can sell with the tenant in situ without upheaval or required rental deductions.

That said, let’s look at other reasons why the best agent to sell your investment property is the property manager.

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Conscious Living is not something designed for only some of our Community, it is the very foundation that we should seek for ALL of our communities. Consumers are getting more and more aware of to how their choices affect the environment, animal welfare, vulnerable communities within Australia and overseas, as well as their own personal health and well-being.

So what is a Get Hi Event? Get Hi is a festival inspired event to allow people to get high on their own energy supply, in a safe and wholesome environment. Mariam McDonald was a part of the first Get Hi Event that was held at Welcome to Thornbury in February, and she was so thrilled she wanted to share so everyone can join.

Get Hi Event,

Sat 15th Jun, 4:00 pm – 11:30 pm

Location; Second Story Studios A/222 Johnston St, Collingwood VIC 3066, Australia


 hope to see you there!


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Cladding Victims Left in the Lurch Post Victorian Budget

Thousands of property owners suffering due to flammable cladding on their buildings are still in limbo as the Victorian budget seeks to increase action on ‘cladding rectification program’ with a funding of $160 million.

While the fund allotted will be used exclusively to fix government-owned buildings with cladding issues, no money has been set aside for owners to remove flammable cladding from private dwellings. This, despite the fact that removing cladding from affected buildings is an expensive process.

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ATO Warning Depreciation

The ATO has sent our warnings about targeting Investor Claims. Some Landlords either advertently or inadvertently are lodging incorrect Statements when lodging their Tax Return to the ATO.

The ATO is now “cracking down”.

The ATO has just finished a major crackdown on taxpayers claiming work from home expenditure (clawing back over $600m in taxes) and have now declared that property investors are the next target, naturally due to the amount of money they believe is at stake.

A Depreciation Schedule allows you to claim the depreciation value of any part of a property that is subject to wear and tear e.g. carpet, window furnishings, paintwork, appliances …..

If a Landlord either refurbishes or renovates all or part of their property during a tax period, they cannot lodge the full value within that period. It must be depreciated over time and over the period legislated. For some items, that can be for a duration of two tax years but, some items are depreciated over 10+ years.

If a Landlord spends money on repairs/maintenance e.g. repair of a dripping tap, a blind repair, an appliance repair ….. they can claim the full cost within the tax period that the cost fell.

There are penalties for lodging an incorrect Tax Return. Property Investors that are seeking to pass capital works (property improvements) as maintenance are now a target. As you can imagine, capital works can easily fall into the $1000’s so, would reduce an investor’s taxable income to nothing or next to nothing if claimed incorrectly. Whether intended or not, some investors are incorrectly lodging and the ATO is creating warnings that they are on the lookout.

Here are a few more articles on the topic!

We strongly recommend this tax time you speak to your accountant and ensure that you are correctly lodging your Tax returns when it comes to depreciation.

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The safety of thousands of Victorians living in apartments who are currently at risk of a potentially life threatening incident because of flammable cladding in their homes. We as a community can bring about any and every change if we stand for it together. We need to help solve the burning cladding issue without burdening owners and residents with undue responsibilities and expenses, we at Silver Service Real Estate support industry partners, the Cladding Action Group and Greens. We invite you to join us by signing this petition as we are calling on the government to;

> Take responsibility for the safety of Victorians and not subject owners to a messy and complicated legal process

-> Establish a Cladding Safety Fund which can be accessed by people who need to replace dangerous cladding