News & Blog
Tax Deductions for Landlords to Keep in Mind, Part Two
Knowing which deductions apply to you as a landlord will help you take full advantage of available tax benefits during filing season - allowing you to keep more cash in the bank. Below are several equipment and supply deduction categories to keep in mind as you gear up for the big day. Use them as a guide to track your own list of deductibles. By learning your deduction landscape now and by tracking potential deductible purchases, your life will be much easier on tax day.
Married Couples Looking for Roommates. Weird? Not At All
If you are married but have never had a roommate, you have not missed your chance. Due to current socioeconomic trends, these days married couples are looking for roommates to share a household and cut rental costs. The reasons for such a decision - which might at first seem like a desperate act - are not connected only to a lack of financial resources, but also to one's personal attitude toward adulthood.
5 Tips for Newbie Landlords: How to Rent out Your First Property like a Pro
If you are a newbie in the property management business and are preparing to rent out your first property, you are probably wondering where to start. Should I look for tenants first, or is it more important to compare rental prices? How much time does it take to find decent renters? What if I do not succeed? These questions and worries are likely to arise when you are about to start a property management business. Do not panic - we have the answers.
Best Tax Deductions for Landlords to Keep in Mind, Part One
As a landlord, you can claim a lot of deductions at tax time. In fact, the real estate rental category is eligible to write off more expenses than most other categories - so do not let your deductions go unclaimed! By learning which deductions are available to you, you will be prepared to get your full benefit. Let us take a look at some of your available deductions.
A Gen Zer Representative Responds to 8 Questions Related to Property Management
Most of you probably disagree that renting to Gen Zers is a great idea. But let us give them a chance! We asked Andrew, a 21-year-old back-end developer, a few questions regarding his tenant experience, and here is what he said.
Accounting Methods for Landlords: Cash-basis or Accrual Method?
Taxes are always a little daunting, but landlords have a heavier lift than the typical tax payer - and it can be especially distressing for new landlords. To help ease the burden of this fiscal responsibility, here are a few things to keep in mind as we approach tax season.
Winter Yard Maintenance: Top 3 Things on Landlord's List
If you live in the northern half of the United States, it is likely that your current landscaping situation resembles the north pole. You are probably more concerned with shoveling your driveway and cursing the polar vortex than weeding the lawn or trimming trees. However, for those of you in warmer climates, winter is the perfect time to get your rental looking sharp with some landscape maintenance.
Tax Season Deductions for Landlords: Understanding Passive Activity Laws
Understanding tax implications, especially as a new landlord, can help you strategically approach your taxes. While the real estate rental tax landscape is complicated and easy to gloss over, one important tax law you will want to understand is passive activity loss (PAL). Since most real estate rental income is considered passive income, this law will likely apply to you, and if it does not, you should know why. So let us dive in!