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Every time a Property Manager performs an inspection of an investment property there is the chance that they will uncover damage to part of the building structure or the assets contained within the property.
Uncovering damage can be a nightmare for Property Managers as they will often find themselves at the centre of disputes between the owner and the tenant over who will pay for the damage.
Uncovering damage can be a nightmare for Property Managers as they will often find themselves at the centre of disputes between the owner and the tenant over who will pay for the damage.
Uncovering damage can be a nightmare for Property Managers as they will often find themselves at the centre of disputes between the owner and the tenant over who will pay for the damage.
Uncovering damage can be a nightmare for Property Managers as they will often find themselves at the centre of disputes between the owner and the tenant over who will pay for the damage.
Barry purchased an investment property two years ago. Before renting his property, he installed brand new carpet at a cost of $3,155.
After owning and renting the property for two years, the tenants decided to end their lease. On the exit inspection, Barry’s Property Manager discovered substantial damage to the carpet in the property.
Barry’s Property Manager was then able to use this information to form a case for the tenants to be responsible for paying the remaining $2,524 as damages.
To search and find the effective life and depreciation rate of any depreciable asset, download the Resi Rates app for iPhone, iPad or Android today. Alternatively, speak with one of the expert staff at BMT Tax Depreciation for advice on 1300 728 726.
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