What are your rights when your tenant stops paying rent?

When talking about investing in real estate, owning a rental property is arguably the most financially rewarding. The idea of buying a house or apartment and let other people live in it for rental profit may sound alluring. However, buying a rental property for income and long-term capital appreciation can have its ups and downs.

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Rental property

In managed properly, rental property investing is financially profitable compared to other forms of conservative investments such as such as bonds and dividend-paying blue-chip stocks. However risks are always present in property investing especially because not everyone has the ability to manage property and tenants.

There are a number of pros to rental property investing. One of which is the tax benefits. The government tax authority allows you to deduct many expenses connected with rental property in the categories of ordinary and necessary expenses, improvements and depreciation. What this actually means is that you can deduct your insurance, interest on your mortgage, maintenance costs, and physical wear-and-tear on your property.

Rental properties are nice for seasonal rentals. For example, you can rent your property seasonally and use it for yourself for a couple of weeks or months annually. This will be just a small percentage of the number of days that you rent to others at a fair market price—and still be able to deduct your expenses.

However, just like everything under the sun, there are also disadvantages of rental property. The most common problem landlord encounters is dealing with difficult tenants. There are some tenants that are needy or demanding, pay late, forget to turn off the water, and so on.

Being an owner and manager of rental properties is not for everyone. However there are some things you can do when you experience problems with your tenants more specifically when they don’t pay their rent properly.

Read this article for more details: https://www.perthnow.com.au/lifestyle/personal-finance/what-are-your-rights-when-your-tenant-stops-paying-rent-ng-30069a9d219e18e8326e955eb59056e4

2 simple steps to get more done in less time

Like most people, you probably have your new year’s resolution. It’s new year and you want to have a fresh start and become a better person. However, the problem with new year’s resolution is they don’t actually work. Why? Because they are simply a wish list motivated by feelings rather than by data.

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Do more in less time

After the long Christmas break, it’s actually more difficult to focus on your work whether you have a job or you manage your own business. The happy memories of the Christmas season are still in your mind so it’s actually tough to get more done in less time.

If you want to get more things done in less time, you first need to be strategic. You need to think about the reasons why you are not getting as much work done as you need to. Identify what you believe is the root of your problem with productivity, and think of solutions that address that issue. The normal causes a person to be unproductive include social media, multitiasking, chatty workmate, or you just feel tired. So if any of these distracts you from being productive, avoid it.

Once you’ve determined your distractions and found ways to avoid those, the next step for you is to learn how to prioritise. Know what tasks are more important than others. Work on your most important tasks before lunch time.

Moreover, if you want to become more productive, you don’t have to overwhelm yourself. Trying to do too much will only cause you stress, making you less productive and more anxious. So refine your to-do list, and be intentional about what needs to be done today.

Small adjustments can lead to more lasting changes, but those may take time and discipline. Check this interesting article and learn more information on how to do more in less time: https://www.flyingsolo.com.au/working-smarter/smart-time-investment-for-2019

Trends vs timeless; what style is best in the kitchen?

The kitchen is perhaps the most visited and the most functional room in the house. It is the area where we prepare our food and for most Perth residents with limited space, it is at the same time their dining area.

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Kitchen design

Many people consider their kitchens as their favourite, which is why they’ve always wanted to renovate their kitchens. Together with bathrooms, kitchens are the mostly renovated rooms. However, homeowners have to keep in mind that kitchen renovation is not an easy task, especially when choosing the design of your new kitchen.

Unfortunately, many homeowners have initiated their kitchen design without an understanding of the extent of what is actually involved in the process. When designing a kitchen, you need to consider the budget available, timeline and other issues.

Luckily for homeowners nowadays, we can find good articles online on how to get the perfect design for your kitchen. However, the challenge for homeowners is to determine which of these designs will suit their needs and wants.

Designing a kitchen for a new or existing home is a big investment in time, money and energy and it is sometimes stressful and challenging. However, most homeowners would say that the results of having a newly-designed kitchen is worth the effort and money they’ve spent for the renovation.

But before you start decide your kitchen design, you first need to determine your family, who uses your current kitchen and how, and discuss the conveniences you would like to have in the new version.

Don’t like other homeowners who design their kitchens based on trends. Interior trends have revealed over the decades some styles don’t stand the test of time. Instead, you can look for design elements that will keep your new kitchen timeless.

Here are some design elements you should keep timeless, and what you can inject some trends into: https://www.perthnow.com.au/lifestyle/home-decorating/trends-vs-timeless-what-style-is-best-in-the-kitchen-ng-b881056753z

Lessons on surviving seven years in business

If you’re an entrepreneur, what pushed you to start your own business? Perhaps, all entrepreneurs have one reason in common as to why they’ve built their business – they see potential. Potential excites aspiring businessmen, motivates them and drives them. The idea of potential propels them forward. Because they have the hope of seeing that start-up succeed, it also compels them to commit time and resources into their start-up business ventures.

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Starting a business

However, running a business is not that easy especially the early years. The true test of launching a start-up company is making it through these rough first years. Thus, one should have perseverance in order to succeed. You need to keep going!

At first it could be surprising, but the majority of successful business owners have more failures than successes. The only thing separating them from failure was their refusal to stop and their inability to simply call it quits. In order to keep up on today’s heavy hitters in the game is by having true determination. Also, it is what will keep you going further than you thought you had the strength to.

Another important thought to keep in mind is to focus not only on your problems, but opportunities as well. You should know how to divide your time on how handle both. Normally in entrepreneurship, there are so many issues to troubleshoot and problems to solve in the first years that it can really pull one’s attention away from opportunities.

Commit some time on thinking about new opportunities. Focusing on the opportunities and the potential is what ultimately powers you up. Work on the problems you face, but also carve out time to commit to new advances.

For more on surviving the first years in business, read this blog post: https://www.flyingsolo.com.au/startup/running-your-own-business-lessons-on-surviving

You might also like our blog post: Considering a 2 storey home in Perth?

Considering a 2 storey home in Perth?

Do you want to build a new home but don’t have enough space? Narrow home lots pose many challenges to new homeowners, and the biggest of which is getting everything you want into a small space. Well, the solution to this is simple – two storey homes!

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Two Storey Home

In Perth, Western Australia, finding a buildable land becomes a real challenge especially in areas near the metropolitan. And as these buildable lands decrease and become scarce, we see land prices rising. As a result, people who want to buy or build homes must rethink building designs so that they make sure they can get all the features and rooms they need in the space available.

Luckily for us today, we have some great home builders in our area that can provide us with efficient designs. With their help, you can build your dream home without sacrificing the features that you want. Please check out 2 storey display homes in perth to see efficient home designs for narrow lots.

We know that small land is a huge challenge for home builders – it seems that you need to make sacrifices either in the yard or inside the structure. The two storey housing designs provided by home builders are developed especially for tight lots.

Two storey homes maximise every inch of your small land area. How? This is done by creative designs which organise your rooms. For instance, the lower floor is dedicated to public functions such as entertainment areas, dining, kitchen, or common rooms like the living room. The second level on the other hand is where you add your bedrooms although in some designs, the master bedroom is located at the ground area.

Effectively separating the functions of the home into public and private is the beauty of two storey home designs. Many homeowners love this feature because it provides them with more usable space on the main level for entertaining without infringing on the family’s privacy.

Narrow lots provide many disadvantages. However, the key here is to embrace it and get the most out of it. Smaller properties may equate to smaller homes, but the good part about a small two storey house is it costs less and requires less energy to maintain and clean.

Debt consolidation and refinancing

 

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Debt issue is a matter to many Western Australians. If you feel that every month is a constant struggle with your bills piling up, then you definitely need to think of ways to avoid it; and the best way to do this might be considering debt consolidation.

What is debt consolidation and how does it can help you as an entrepreneur? Basically debt consolidation offers great support to business owners and self-employed individuals while budgeting and making financial decisions. A self-employed person is someone who operates a business or a profession as a proprietor, consultant, independent contractor, freelancers or someone in changeable employment. And since these people are financially viable, the cases of self employed debt consolidation have become considerably high to self-employed Australians.

Paying back multiple debts have long stayed a headache for many debtors, and a debt consolidation loan has been a primary solution of this phenomena. While you can benefit from consolidating your multiple debts with a debt consolidation loan, there are some risks that you need to beware of and avoid yourself from these risks.

Debt consolidation can help you resolve your current debt, but keep in mind that it could only save you AT THE MOMENT. It is just another loan that acts simply as replacement of you multiple debts. It allows you to combine all your debts into single debt and pay off with a new loan. And if not handled properly, it may causes you trap into more debts.

For more on debt consolidation, you should read this: https://www.moneysmart.gov.au/managing-your-money/managing-debts/consolidating-and-refinancing-debts

More Perth Small Business News:

Better Understanding about Oven Repairs

Maximising bathroom designs using cabinets in Perth

Exploration office: How to Create More Efficient Office Communication

Better Understanding about Oven Repairs

Oven Repairs

Modern innovations and technology have been so great addition to make our everyday lives easier. Homeowners now have the ability to cook on an electronic stove and use electricity. This is one of the biggest convenience electronic appliances have provided us, but this something that many people often take for granted.

Normally, we do not realise how important an electric stove is, but when it breaks and stops working, you might be a little more than overwhelmed with all of the things that you have to consider in order to make the most of your repair services. Take the time to check out all of your options, and make sure that you’ll get a reputable repair service like Expert Repairs (www.expertrepairs.com.au)

When it comes to repair services especially with electronic appliances, reputation is everything. Reputation should always be considered first and foremost because otherwise, if you are not able to pick a reputed company like Expert Repairs cooking appliances, you will be selling yourself short. You can never pick a good company just by looking at their prices and the services that they offer. This is important, but making sure that they’re a reliable company is much more important.

Of course, price matters but only in relation to what you are getting. If you want to get the most from what you have paid, you need to pay more attention to what you get for the money than how much the service actually costs. The bottom dollar price is important, but only because you need to make sure that you’re getting quality services for a good price.

More importantly, if you are not a repair expert, don’t attempt fixing the oven problem on your own. Oven repairs are not simple. The truth is that chances are good that you’ll end up spending more money than you intended on the services that you need in the end because you might not do things properly.

 

Read our blog post about bathroom renovation here.

Maximising bathroom designs using cabinets in Perth

Remodelling projects can go one of two ways: they can either result in your residential property becoming less than appealing or you can achieve with a home that has an increased market value, requires less maintenance and has more visual appeal.

bathroom cabinets in perth

When it comes to interior decoration, any home’s bathroom deserves just much attention as any other room. And if you want to renovate your bathroom, installing bathroom cabinets is a big part in making sure that your bathroom remodelling goals are achieved – both aesthetics and functionality.

Investing in cabinets is a smart decision if you want to transform your boring bathroom into a room with aesthetics and functionality. However, to really make the most of the upgrade, it’s the little things that will make all the difference: smart design plays a key role in making the most of the space available.

Creating a stunning bathroom means having a place where pleasure is always what you feel whenever you, your family, visitors, or guests go into it. There are specific cabinets that bring mood into your bathroom. They help create a relaxing, comfortable ambiance that relaxes you after a long day of work.

One effective way to get the most out of your bathroom cabinets in Perth is by bringing out complementary colours. For a more colourful look overall, consider painting the cabinets too in a suitable eggshell or semi-gloss. However, bringing out your custom bathroom cabinets with colour isn’t simply restricted to paint. You can also use textiles of specific colours to match to that of your bathroom tiles, curtains, wardrobes, mats and bathroom fixtures’.

Whatever the colour scheme of your bathroom and the designed cabinets it houses, there will be wall art to suit.

 

Check out our article about wealth creation right here.

The Deeper Meaning of Wealth Creation According to Expert Advisors in Perth

Many of us believe that anyone can accumulate great wealth. If you ask an expert who has worked with many wealthy clients, he can share to you his knowledge on wealth building and prove to you that everything is possible. The secret of wealth creation is simple. Read on to find out.

wealth creation perth

Seemingly trivial acts such as singing, dancing, listening to music, falling in love and so on, have shared motives with earning more money, building your career and creating wealth; the pursuit and expression of more life. The goal of life is essentially to create and experience more life – to prove to yourself and to everyone that you can get better. Wealth creation in its fullest, broadest meaning fosters this expression.

A lot of us define wealth as an associated to money and acquisition of assets, but the truth is, it is worth bearing in mind that wealth is not merely about the accumulation of money and assets but also perhaps a reflection of something deeper, some inner drive and pursuit far nobler than we might think.

Thus, we don’t have to limit the limit of wealth creation based on pure economics. There are more reasons to getting rich and wealth creation rather than the simple attainment of money and wealth. Getting rich enables us to increase life and live more. Even a professional financial advice firm for wealth and riches is rarely, if ever, will tell you that wealth creation is specifically about the money. Rather it is a measurable way of expressing our desire for a fuller, better, and more meaningful life.

People may have different ways to describe wealth building, but whatever you call it or however you describe it, wealth is at the heart of the very purpose of life and that is to create yourself as you want it to be.

 

We also have a blog post about rubbish removal.

Perth Coolrooms for Sale — 3 Major Types of Coolrooms

Are you planning to start a business which involves in the catering industry or any venture concerned with large scale of food supply; or a business in the pharmaceutical industry where you need to store vaccines and other kinds of drugs at certain temperatures? If you are, then you need to look for a professional who is an expert at  designing a coolroom.

PhotoFinding a professional who will install your coolroom is important if you are in such types of business. this is as important as finding a good tax accountant.

Commercial coolrooms provide vital storage at optimum temperatures in order to keep food products, drinks, or even pharmaceutical products fresh and minimise pathogens and other microorganisms that cause spoilage. Furthermore, having a well-designed commercial coolroom is crucial in meeting the health and safety standards set by the local health authority.

Like we’ve said, commercial refrigerators and coolrooms are not just limited to edible goods, as they have a much wider purpose. They are important to keep medical or laboratory supplies at the right temperatures, and are also used by plant and flower suppliers.

There are three main kinds of coolrooms you can choose, when you look for one for new business:

First is the modular coldroom. This type of coldroom can be used in storing food supplies, chemical and laboratory supplies, and for flowers, seeds and other perishable goods. It is normally made up of standard sized panels, the floor, ceiling and walls can be easily locked together to create a refrigeration room.

The next type of coolroom is the combi. If you need to keep your goods at different temperatures, this is the best type for you. Combi coldrooms have a combination room with separate combination rooms inside.

The third is the industrial coldroom which is normally bigger than the previous two, and is more powerful especially designed to store large quantity of goods.

Have you already chosen the right commercial coolroom for you? Well, pick the right one and get started with your new business!