Make your next trip to the accountant less taxing
If you have just filed your tax documents for your investment property, make use of the recent experience and discussions with your accountant to plan for the next financial period.
An investment property needs to be regularly maintained and serviced so it continues to perform.
As an investor it is important to budget and plan to update your property every four to seven years. The time frame you choose will depend on the weather conditions which affect your investment.
Some simple checks on an investment property could include:
external painting (if a house);
replacing window coverings;
replacing appliances such as dishwashers, dryers, ovens and stoves.