Im looking to furnish a 2br unit with 'flash' kinda furniture for high rental and good depreciation benefits, Im wanting to know if receipts for all the goods will be good enough for my accountant? as I already paid to have a dep report done up
Im thinking all new, nice bedroom 5 piece setting, couch, 32" LCD television, dining setting, all that kinda stuff
I figure it would up the rent from $350p/w to around $430 per week so thats an extra 3k per annum after PM fees and would make the property positively geared so guess Im saving in the long run, not sure how much Id receive back from depreciation?
Any thoughts or words of wisdom? apart from Im responsible for repairs to TV or fridge should they die would be greatly appreciated, thanks y'all.
Im thinking all new, nice bedroom 5 piece setting, couch, 32" LCD television, dining setting, all that kinda stuff
I figure it would up the rent from $350p/w to around $430 per week so thats an extra 3k per annum after PM fees and would make the property positively geared so guess Im saving in the long run, not sure how much Id receive back from depreciation?
Any thoughts or words of wisdom? apart from Im responsible for repairs to TV or fridge should they die would be greatly appreciated, thanks y'all.