My property manager carries out regular inspections on my new investment properties every 3 months and sends me a detailed report including photos, and charges accordingly. As the owner am i still entitled to do an inspection and claim the expenses incured or will the ATO view this as excessive.?
Hi Bluegum
My belief is that you have the right to inspect the property as many times as you wish. I drive past some of my properties approx once per week but the overseas ones I do a personal inspection once per year and the property manager does inspections at 6 week to 3 monthly intervals.
Ultimately it is up to you on what you are comfortable with but also speak to your accountant as going to the US every month to inspect your $40,000 property may seem a little excessive.
Mark
Is this taking us CLOSER to our goal?
You must be logged in to reply to this topic. If you don't have an account, you can register here.
