Managing Agents may use the MyProp system as their own to provide additional management information directly to their clients. MyProp is available as a White Label system, therefore managing agents can promote their own brand that is visible each time the client uses the system.
MyProp can provide a software module that is used to extract data from the agent’s property management database. This means management information may be sent directly into the client’s online White Label account.
Items include monthly rental statements, property maintenance updates, invoices and regular property inspection reports, lease and rent review notices. Using the system is likely to reduce telephone calls from clients seeking information. All information is stored on the system as a secure record. Also, details of investment properties available for sale can be posted directly to your investor’s client account.
As your database is updated your client has access to the management information. The system reduces paper waste and postage and is a green asset. Importantly, the system encourages customer loyalty and client retention with the agent.
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ADDITIONAL CLIENT BENEFIT
MyProp.com.au helps rental property investors organise their investment properties and will assist in wealth accumulation through rental property ownership.
The Australian Bureau of Statistics show there are some 1.7 million Australian tax payers who own residential investment properties including 400,000 tax payers owning more than one investment property. MyProp can assist clients with their advisors in the decision process to consider further rental purchases by achieving maximum return for the rental property and therefore highest capital values.
For rental investors who aspire to purchase additional rental properties to add to their portfolio MyProp assists offering assistance to investors reach their goals with its unique system.
MyProp has four main components to help investor manage their property and assist with their wealth creation.
• A facility to track all income and expenses for your investment rental property.
• Online property owners diary and property address book to keep track of reminders of important dates including insurance, lease and rent renewal dates. Upload plans, photos and documents for each property.
• Tax tracking. MyProp records expenses for tax deductions. Itemises expenses including Capital and Maintenance also providing depreciation rates for capital items for Division 40 and 43. It also cleverly tracks all your legitimate personal tax deduction expenses in respect of managing the property portfolio.
• MyProp Landlords Overview™ provides coloured graphs of both rental and capital growth since the time of purchase for all your properties. Indicates your Loan to Value Ratio (LVR) and also Initial Rate of Return (IRR) from the deposit made available and assists you and your advisors as to when to consider a further purchase.
MyProp uniquely allows you to invite into your online account your advisors (consultant, mortgage broker and tax advisor) to assist you in managing your investment rental property and further wealth accumulation.
Easy to start in just a few minutes, add as many properties as you like. Create more wealth, save your time and your tax advisors charges.