Rental Property Checklist Template (Page 2 of 2) in pdf

Rental Property Checklist Template Page 2

Rental Property

Checklist

Continued…

Information

Information required

N/A

supplied

INCOME

1. Gross rent

2. Other - please specify

EXPENSES

1. Advertising costs

2. Body Corporate fees

3. Real Estate Agent fees & commissions

4. Cleaning

5. Council rates & water

6. Electricity

7. Gardening/mowing

8. Insurance

9. Pest control

10. Postage & sundries

11. Reasonable travel expenses to inspect/repair the property or collect the rent

(directly from the tenant).

• Number of trips

kms (each return trip)

• Make/model/engine capacity of the vehicle used

12. Telephone

13. Interest expense and bank charges (please supply bank statements

where possible)

• If the loan is not 100% for the investment property, please supply

additional information to assist us with calculating the deductible portion.

• If the loan was refinanced during the year, please supply details.

14. Depreciation expenses (unless previously provided).

• If you have not had a Quality Surveyors Report carried out on the

property (to establish construction costs and value of fittings, etc),

please contact our office to discuss.

15. Repairs & maintenance

• Repairs and improvements that were required when the property was

first rented out (new properties only).

• Other general repairs

16. Details of new assets purchases/installed, for example:

• Hot water systems, ceiling fans, sheds & carports

Please include this checklist with your 2016 tax information.

Rental Property Checklist Template Page 2