Juggling day-to-day operations and dealing with unexpected issues means property managers rarely have enough time in the day.
While we can’t make days longer, one thing that helps property managers save time and streamline processes is through MyBMT.
What is MyBMT?
MyBMT is a free portal that BMT Tax Depreciation has created and made available as an app and online. It’s your one-stop-shop to find everything you need to manage landlord depreciation and investment needs, plus much more.
Four features of MyBMT that help make property manager jobs easier
1. Direct access to free tools
MyBMT allows you to have seamless access to a number of tools, including New to Rent and PropCalc.
New to Rent is a service you can register for that automatically provides free depreciation estimates for all the properties on your rent roll. Making it the easiest way to obtain depreciation estimates for your landlords.
PropCalc is a cash flow calculator that evaluates the real cost of owning any property, investment or not. It breaks down the cost so that you can show your clients how a new investment property purchase may impact their after-tax cash flow. Many fields in the calculator are flexible which means you can export a tailor-made report for a client.
2. File sharing and record keeping
When both you and your landlord client have MyBMT accounts it makes file sharing, saving and record keeping much easier.
For example, a landlord can upload files like images, receipts and invoices and share them directly with you through the app where they are saved. This takes the hassle out of emailing back-and-forth while ensuring a client’s records are all saved in one place that is easy for both yourself and the landlord to access anytime, anywhere.
3. Research and insights
MyBMT is powered by comprehensive data on the property market. This allows you to do your own in-depth market research through the apps ‘research and insights’ feature. Here you can view market insights, planning applications and generate property valuations.
Knowledge such as this will help answer landlord questions on the local market and their individual property.
4. Order a schedule through the app and monitor progress
To make your job easier, you can order a tax depreciation schedule on your client’s behalf through MyBMT. This is usually the step after a depreciation estimate and quote has been provided and your landlord client wants to proceed with obtaining a tax depreciation schedule.
Once the schedule is ordered you will be able to monitor its progress through the app, meaning less phone calls and emails for you.
To learn more about MyBMT and the additional service BMT offers, contact the team on 1300 728 726 or visit their website.