Owning rental properties is an excellent source of income for investors, but it’s vital to keep thorough and accurate records to get the most value out of our investment properties and keep on the right side of the Australian Taxation Office.
Accurate recordkeeping is also important to claim all deductions you’re entitled to, minimise any capital gains tax when it’s time to sell, and just as importantly – avoid any headaches if the ATO decides to audit you.
Rent Manager makes it easy and removes stress for investment property owner by recording your rental receipts, payments, your Agents Summary and more. It even calculates your depreciation on furniture and fittings and tracks your loans.
In addition to providing peace of mind at sale time by keeping all records relevant to Capital Gains Tax, Rent Manager can help you find your next investment by analysing potential properties in your market.