Finance preparation is easier when important records are maintained throughout the year. A simple system reduces the need to rebuild the investor’s position each time a decision approaches.
Maintain personal and lending records
Keep current income evidence, identification, existing loan information and records of material commitments in a secure and accessible location. Ask the adviser which documents are required for the specific conversation.
Maintain property records
Retain purchase and settlement records, rental statements, rates, owners corporation information, insurance and significant maintenance invoices. Tax treatment should be confirmed with a qualified tax professional.
Share information carefully
Only provide records through appropriate secure channels and with a clear purpose. D&J shares property information with a trusted partner only with the client’s permission.
This article contains general property information only. D&J does not provide personal credit advice. Credit services and product recommendations are provided by appropriately licensed finance partners and remain subject to assessment and approval.