Mike Mortlock: Are You Claiming the Maximum Deductions on Your Investment Property? Maximising and Protecting Your High-Quality Asset

Are you taking full advantage of all available deductions to optimise your returns and safeguard your investment property?Welcome to the Australian Property Investment Podcast. In each episode, we ask a guest expert to share their key insights for aspiring investors to make confident property choices.In this week's episode, Mike Mortlock, Managing Director of MCG Quantity Surveyors, shares his extensive knowledge and professional insights on all things depreciation.He specifically talks about the advantages of teaming up with a quantity surveyor, underinsurance concerns in Australia, why safeguarding your property is as important as maximising its profitability, challenges faced by first-time homebuyers, and much much more.If you want to learn how you can potentially reduce your tax liability and increase your net return on your property investment, then make sure to listen to this episode! Time Stamps:00:00 - Intro01:40 - Mike’s 3PS (Professional, Personal and Property Journey)05:49 - Quantity Surveyor Role8:36 - Is the Depreciation Schedule Transferable?11:12 - Advantages of Claiming Depreciation That Are Often Ignored14:16 - Manufacturing Some of the Depreciations18:01 - How Would the Property’s Insufficient Insurance Coverage Be a Problem?23:26 - Mike’s Research Team 25:18 - Tips From Quantity Surveyor Before Renovating Your Property27:34 - Common Problems for a First-Time Home Buyer30:07 - Shortage of the Rental Property33:56 - Final Messages34:18 - OutroAbout Our Host:Aaron-Christie David is the founder of Atelier Wealth and a Mortgage & Finance Association of Australia (MFAA) approved Mortgage Broker. Aaron’s focus is clear – supporting property investors to make confident decisions to build their property portfolio. He has been recognised in the MPA Top 100 Broker rankings for the last three years. With over 10 years in financial services experience, with a career spanning Wizard Home Loans and Commonwealth Bank, Aaron's decision to become a broker was to help more Australians fearlessly buy investment properties to achieve intergenerational wealth.Connect with Aaron:Visit the website: https://atelierwealth.com.au/ Follow Aaron on Facebook: https://www.facebook.com/aaronchristiedavid  Follow Aaron on LinkedIn: https://www.linkedin.com/in/aaron-christie-david-a7482a21/ Subscribe to Atelier Wealth’s YouTube Channel: https://www.youtube.com/channel/UCKdm2ssEHel1kyQLAHGvNPQConnect with Mike:Visit their website: https://www.mcgqs.com.au/ Follow Mike on LinkedIn: https://au.linkedin.com/in/mortlockmike  Listen to Mike’s Podcast: https://www.gearedforgrowth.com.au Follow MCG on Instagram: https://www.instagram.com/mcgquantitysurveyors Subscribe to MCG YouTube Channel: https://www.youtube.com/@mcgquantitysurveyors1698About Aaron:Aaron-Christie David founded Atelier Wealth, a Mortgage & Finance Association of Australia (MFAA) approved Mortgage Broker. Aaron’s focus is clear – supporting property investors to make confident decisions to build their property portfolio. He has been recognised in the MPA Top 100 Broker rankings for the last three years.With over 10 years of financial services experience, with a career spanning Wizard Home Loans and Commonwealth Bank, Aaron's decision to become a broker was to help more Australians fearlessly buy investment properties to achieve intergenerational wealth.Connect with Aaron:Visit the website: https://atelierwealth.com.au/   Follow the Australian Investment Property Podcast’s Official Instagram account: https://www.instagram.com/aupropertyinvestmentpodcast/Follow Aaron on Facebook: https://www.facebook.com/aaronchristiedavidFollow Aaron on LinkedIn:  https://www.linkedin.com/in/aaronchristiedavid/Subscribe to Atelier Wealth’s YouTube Channel: https://www.youtube.com/@atelierwealth_au