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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.

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February 11, 2019
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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.

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February 07, 2019
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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!

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February 04, 2019