lol in the distant past, watso and his wife (now ex) had a couple of rental properties .. mm we would keep a folder for all costs .. obviously a lot of major costs (eg water rates, council rates, insurance etc etc) - and a whole lot of minor costs (eg pool chemicals to rectify the neglect of tenants who were supposed to keep the swimming pool in top condition) mmm also paint etc etc ..
mm come to think of it - but we did all the work ourselves - so out time was never charged out - and at the end of the day, we provided a welfare service … the only benefit of buying a property to rent out is to hope for capital gains over time - because there is there is no benefit without capital gains.. mmm and in west Australia property prices have not increased in about a decade
anyway, one of the major costs was the travel to see the rental properties and to work on them to fix things up when tenants moved out. travel cost could be claimed at about 60c/km at the time .. lol probably at the time watso and his wife cheated a bit because while we were claiming travel costs to the rental properties, we probably would do some shopping in the area where the rental properties were located - and also visit the ex's mom and a friend of watso's .
ok - one thing we made sure was - that we claimed what we could and were never queried
