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Inbox Managing Property

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25.01.2022 3 finance hacks every property investor should know Whether you're strictly a property investor, or you have other investment holdings as well, understanding how to properly manage your money is crucial. The key principle that underpins effectively managing your money is making sure that once you've worked hard to earn your money that you put it to work for you. Here are three finance hacks every property investor should know to make sure your investments are working hard fo...r you and not the other way around. Don't cross-collateralise your loans If you have a number of investment properties through one lender, the loans on these properties may have been cross-collateralised to help secure the mortgage on your next property. Sure, this can be powerful in helping you to grow your portfolio, but if you sell a property, your lender may need you to pay down the debt on your other properties to balance your Loan to Value Ratio To avoid a scenario where your mortgages are cross-collateralised, try going to different lenders for each property transaction or be specific with your lender about making sure your loans aren't cross-collateralised. An offset account is your best friend Having an offset account is a great tool for reducing the interest on your loan and keeping funds in a separate account for tax efficiency. With an offset account, you don't earn interest on your savings, but the balance is deducted from your loan balance. This reduction in your loan balance results in a decrease in the interest you need to pay on your loan. Over the life of your loan, the decreased interest can add up. Cash buffers are essential This is an important one even if you're not a property investor, but it's especially important to make sure you don't end up financially strapped if an emergency arises. Build up and keep a cash buffer to cover any unexpected expenses that may need to be covered for your properties. A solid cash buffer will mean you have the money available, if needed, to cover unexpected expenses without using your savings or needing to refinance your property. The amount you want to keep aside in a cash buffer will vary based on your situation. Talk to your accountant to review the outgoings on your property and rental yield to determine the minimum and ideal amounts of cash you should have set aside. Effectively managing your money is crucial, so it's important you regularly speak with your trusted advisor not just about your property portfolio but your wider financial situation. This will help to make sure you're building sustainable long-term wealth and have the means to weather any financial storms with ease.

17.01.2022 What a great week getting awards and been recognised for your effort you put in by two different organisations I belong too. One was BNI and the other was Toastmasters (1 of the hardest things I've ever done - public speaking). But the best thing about it all is the people you meet in these groups, so to all of you THANK YOU.

12.01.2022 Banora Point. Leased and managed by Inbox Managing Property Pty Ltd. This beautiful family home has a wonderful view over looking the suburb of Banora Point. Been in a quiet street and close to schools, shops and sports grounds it is convenient for everyone making it in such demand that we didn't get the opportunity to advertise it. It has been snapped up, successfully leased and managed by Inbox Managing Property Pty Ltd. ... We seriously need more rental properties, so if you are a Landlord /Investor and want to lease your property with ease contact us here at Inbox Managing Property as we are a property management only company and you will be pleasantly surprised at the difference this can make. To find out more or make an enquiry visit our website www.inboxmanagingproperty.com.au See more

08.01.2022 Part 2: Welcome back to Inbox Managing Property. We are a small company with low rental numbers to keep the service we offer personal because an investment property is a huge commitment and very personal to you. I know what you want and need from your Rental Property and your Property Manager. I have a trade background and have always taken care of my own property maintenance where possible and this is just one area where I can help you as a Landlord save money making my rate...s very competitive within the industry. There are a lot regulations in property management which is a good thing but the way I see it a lot of it is just good old common sense (bit of a lost art) and genuine integrity. So if you want to rest easy and not worry about your investment property become an IMP client today. Visit our website www.inboxmanagingproperty.com.au to find out more about how we will look after you and your property. Thanks Brett Simpson. Asset Manager/Owner See more

04.01.2022 Are you LOOKING TO BUY AN INVESTMENT PROPERTY? With the rapid growth that occurred in Australia’s property market throughout 2016 and 2017, many investors may have been priced out of the best investment markets. But what if you could find a bargain property somewhere just outside these markets to grow your portfolio... Read on: https://www.inboxmanagingproperty.com.au/is-it-worth-buyin/

02.01.2022 MAKE IT EASIER ON YOURSELF TO LOAN MONEY- With CREDIT TIGHTENING for property investors for well over a year now, making a STRONG CASE in your LOAN APPLICATIONS has never been more important. To make a strong case in your loan application, there are a few things you can do.... To read on https://www.inboxmanagingproperty.com.au/4-things-you-can-/

Inbox Managing Property | Property