home office tax deduction
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Home Office Tax Deduction for Landlords

Individual landlords don’t always realize their rental property income is basically its own small business. In order to manage the business, it has to operate somewhere and that is usually at a desk or in an entire room in your home. As long as it’s exclusively used for your rental activities like paying bills, screening […]

Rental Property Tax Deductions
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Rental Property Tax Deductions

As a landlord, you don’t want to overlook the rental property tax deductions that can help make a profit or minimize a loss. The IRS allows landlords to deduct expenses directly associated with the rental property that are necessary for its maintenance and management. The following are examples of acceptable landlord tax deductions: Employee and […]

What to Do When a Tenant Breaks a Lease
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When a Tenant Breaks a Lease

Most of time, it’s up to landlords to decide (under the law) how they wish to handle early terminations initiated by tenants, but there are a few exceptions rental property owners should understand. This video discusses the most common options for a landlord to take when a tenant breaks a lease by leaving early. It […]

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Buying Your First Rental Property

This post is not intended to replace an in depth book, it’s quick reference to give you some of the most important tips. The very first property for any landlord, should be a 3 bedroom/2 bathroom single-family home. They are the most desirable properties for renting, buying, and selling in most markets and the easiest to finance. Note: […]

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Deducting Automobile Expenses

Can a landlord deduct their car expenses on their tax return? For those landlords that are actively involved in the management of their properties, the answer is usually yes. However, caution must always be exercised when the IRS may be involved. Therefore, this article outlines the manner in which automobile deductions can be taken – […]