Knowledge around tax depreciation can assist property managers to achieve a stronger rapport with clients and earn their ongoing trust, says BMT Tax Depreciation.
BMT Tax Depreciation has created a tax depreciation hub to arm property managers with the knowledge as to how tax depreciation might serve as a tool for maximising deductions and strengthening their client relationships.
The online knowledge hub, featured on Residential Property Manager, has a range of articles, calculators and advice, which explain the different ways tax depreciation can be used to generate a greater cash flow from a property.
“Property investors are a key customer base for property managers and are typically in the market for one reason only – to earn a return on their investment,” said BMT Tax Depreciation managing director Bradley Beer.
“Anything that real estate professionals are able to do to assist an investor achieve this goal will likely help build a strong rapport and earn their ongoing trust.”
Mr Beer said typical depreciation claims can range between $5,000-$15,000 a year for property investors, and could very well mean the difference between a positively or negatively geared investment.
“Unfortunately, many investors are unaware of this cost-saving and fail to utilise a depreciation schedule to maximise their return,” he said.
“It is possible, however, for investors to make historical claims for up to the past two years of depreciation deductions, meaning that it could be worthwhile for property managers to discuss these tools with even the most seasoned investor.”
Reaction to the hub has so far been positive, according to BMT.
“I’ve fielded calls from a number of property managers who have used knowledge gained from the site as part of their sales pitch to new clients, helping them to win the management as a result,” Mr Beer said.
“We’ll be continuing to add new, seasonal content to the site on a regular basis, so I encourage readers to check in occasionally to update and broaden their knowledge on tax depreciation.”
Interested parties can view the hub at http://www.rpmonline.com.au/features/tax-depreciation