Hi folks, it’s Glen from 21st Century Group, investments, constructions and property management. Some of the other questions which a lot of my first-time investors would ask me, if they intend on purchasing an investment are, “what are the ongoing fees”? Now keep in mind that all of these fees are tax deductions. Okay? Interest on the investment from the bank, you need to get money, so they are going to charge you interest. That’s an ongoing fee. Property management fees, so that’s an ongoing fee. Rates, council rates is an ongoing fee. Insurances and I’m going to break down the insurances into building and landlords protection. You definitely need both. Pest inspections, maintenance in general which is really not a hell of a lot, but it’s best to put a little bit of money aside towards maintenance. By the way when I do my figures, I take all of these ongoing fees into consideration on an annual basis, so that you know exactly what it’s going to cost you at the end of the year or end of the week or a month or whatever the case might be. So all of these ongoing fees are tax deductions, but you need to know about them upfront so that you’re aware what the costs are. Okay? If you need to know more about it, please email me or ring me. Now, these fees are for one of my investments, a house and land package. And if you like the post, please send it to your friends, family, relatives whoever the case might be. And hope to see you soon. Take care. Bye for now.
Investing In Property Has Never Been So Easy
Want to start investing in property? Click here to contact us and discuss your investment goals and find the investment property that would suit your needs: https://21stcenturygroup.com.au/contact-tn4/