If you are a rental property owner, then you might have originally purchased a rental property because you were interested in making a profit. However, you should be aware that not all property owners make a profit off of their rental property, especially at the beginning or when they are going through hard times, such as if they have been dealing with a difficult tenant or if the rental market is rough in their area. As a rental property owner, you may want to work with a negative gearing service for these reasons and more.

Find Out if You Are Losing Money From Your Rental Property

First of all, it's important for you to know how you are doing with your investment. Right now, you might actually think that you are doing well with your rental business, since you might not have sat down and really crunched the numbers. However, there is a chance that you aren't actually doing as well with your rental property as you think.

After all, even if you have tenants who pay a decent amount of money in rent each month, you might not be making a profit. To determine this, you have to calculate things like how much you spend on the mortgage and interest on the property, how much your property taxes are, how much you spend on upkeep, how much you pay your property manager or pay for advertising expenses, and more.

It can be challenging to crunch all of these numbers and determine if you are making a profit, but a financial professional with experience with this type of thing — such as someone from a negative gearing service — can actually help you make this determination. Then, you can be more aware of how your investment is doing, and you can start thinking about changes that might need to be made so that you can start actually turning a profit.

Get Help With Your Taxes

If you are losing money from your rental property, then you might not think it's fair to pay taxes on the so-called income that you are making from the property. After all, when you look at all of your expenses, the truth is that you might not actually be making any type of income at all. Someone from a negative gearing service like Anthony Gigacz & Associates Pty Ltd can actually help you with this and might be able to help you avoid paying taxes on so-called rental property income.