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Don’t Go It Alone: Why Hiring a Rental Property Accountant is a Smart Investment

on December 13, 2024 / by Ingham Mora

Wondering whether hiring a rental property accountant is worth it? We walk you through why it’s one of the smartest investments you can make.
Aerial view of residential and commercial properties in Tauranga

When it comes to rental properties, there’s more to managing them than just collecting rent and handling maintenance. Many property owners hire a property manager to look after the day-to-day operations, but they often overlook the importance of having a rental property accountant in their corner.

At Ingham Mora, we’ve helped countless landlords navigate the complexities of property finances, from compliance with tax laws to making the most of their tax benefits. Managing your property portfolio is about more than ticking boxes—it’s about setting yourself up for long-term success. If you’re wondering whether hiring a rental property accountant is worth it, let us walk you through why it’s one of the smartest investments you can make.

Compliance

New Zealand’s tax laws can be complex, and they change frequently. For rental property owners, staying compliant can be a challenge, especially when you’re juggling multiple responsibilities.

That’s where we come in. A rental property accountant ensures your finances are always up to date and compliant with the latest regulations. From preparing accurate tax returns to reducing the risk of audits or penalties, we take care of the details so you don’t have to worry. With our support, you can be confident that your property investments are on solid legal ground.

Tax benefits

One of the biggest advantages of owning rental property is the ability to claim a range of deductions—but many property owners miss out simply because they’re unaware of what they can claim.

We specialise in helping landlords identify every eligible deduction, from maintenance expenses to depreciation. By maximising these opportunities, we help reduce your tax liability and increase your overall return on investment. It’s incredibly satisfying to show our clients just how much they can save with a little expert guidance.

Strategic advice

Owning rental property isn’t just about today—it’s about planning for tomorrow. Whether you’re thinking about buying a new property, selling an existing one, or refinancing, having the right advice can make all the difference.

As rental property accountants, we provide tailored insights to help you make informed decisions about your investments. Our goal is to help you align your property strategy with your broader financial objectives. With the right advice, you can turn your property into a powerful tool for building wealth.

Financial planning and reporting

Understanding your property’s financial performance is key to long-term success. A rental property accountant can provide you with detailed reports that give you a clear picture of your income, expenses, and profitability.

We also take care of essential tasks like preparing tax and GST returns, so you’re never scrambling to meet those deadlines. These insights help you plan for the future, whether it’s cutting unnecessary expenses or identifying opportunities for growth. Knowing exactly where you stand financially makes managing your property much easier—and more rewarding.

Peace of mind

Owning rental property can be stressful at times, especially when it comes to managing finances. That’s why so many landlords say the biggest benefit of working with us is the peace of mind we provide.

When you know your property’s finances are in expert hands, you can focus on what matters most to you—whether that’s growing your portfolio, spending time with family, or pursuing other ventures. Having a professional handle the financial side of things gives you back your time and takes the stress out of property ownership.

Want more from your property investments?

At Ingham Mora, we understand the unique challenges and opportunities of owning rental property. Whether you’re just starting out or managing a portfolio of properties, we’re here to help you make the most of your investment.

Contact us today for a free consultation and let’s discuss how we can support your property investment journey.

The comments in this section are of a general nature and should not be relied on for specific cases, where readers should seek professional advice.