Owning an investment property involves more than collecting rental income. Rent, property expenses, tax considerations, compliance and ongoing management can all affect the financial performance of your investment.
At Ray White New Plymouth, our Investment Guide provides landlords and property investors with useful information about some of the key financial and management considerations involved in residential property investment.
The guide is based on the current information available in the Ray White Investment Information Guide, including topics such as claimable expenses, Healthy Homes compliance costs, interest deductibility, long-term rentals versus Airbnb, ownership structures and the bright-line property rule.
The guide can be useful if you’re purchasing your first rental property, reviewing an existing investment, or simply wanting to better understand the costs and considerations involved in owning a rental property.
It also highlights where professional advice may be appropriate, particularly for tax, lending and ownership decisions.
The Investment Guide covers key areas including:
The guide notes that property management fees and commissions for managing a tenancy can be claimable, subject to the applicable tax rules.
It also explains that all New Zealand rental properties must meet the five Healthy Homes standards covering heating, insulation, ventilation, moisture ingress and drainage.
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It’s a useful resource for New Plymouth landlords and property investors looking to better understand rental property ownership, investment costs and professional property management.
For advice specific to your circumstances, we recommend speaking with your accountant, financial adviser or other appropriate professional.