Knowledge is power when it comes down to boosting your competitive edge as a Real Estate Professional; you can help your clients understand the finer details of what a tax depreciation schedule can mean for their investment is just one way to make sure they get the most out of it.
Property investors are always looking for a way to maximise their returns. But 70% of investors don’t benefit from tax depreciation because they don’t know how to order an investment property depreciation schedule.
As a Real Estate Professional, we believe that you can increase investor awareness and increase your competitive edge by showing your clients how the property’s perceived value can be increased by purchasing a tax depreciation schedule.
It’s a win-win situation for all!
For example, an investor looking to purchase a brand new property for $465,000 with a potential weekly rental of $520 (appraised value) would generate a yearly rental income of $27,040.
Their yearly expenses amount to about $29,800.
So, without claiming depreciation, this investor is going to be running at a loss.
However, their Real Estate Agent accessed the Duo Tax depreciation calculator
to help estimate what they could potentially claim before purchasing a depreciation schedule.
The investor’s year one estimate amounted to $11,140 with a tax refund of around $2,210 - meaning that the investor could go from a negative cash flow scenario to a positive cash flow scenario.