Landlord Tax Deductions

Top 10 Landlord Tax Deductions for Rental Property

Individual owners of residential rental property often pay more in taxes than what’s required of them. Fortunately, rental property offers more tax saving benefits than many other types of investments. The following is a list of the top ten most common expenses for rental property tax deductions: Repairs/Maintenance: Repairs including painting, fixing floors, patching leaks, […]

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Reduce Landlord Liability

How to Reduce Liability as a Landlord

Unfortunately, there are many reasons a landlord can be dragged into a civil (or even bankruptcy) court, so here are some suggestions that may help reduce your liability to avoid financial penalties. Develop a Written Inspection List: A well-constructed list can help you eliminate any problems before the tenant moves in. So list the important […]

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Landlord Right to Enter

Landlord’s Right to Enter Rental Property

Landlords are permitted to access their investment property while its occupied by a tenant as long as it’s under certain conditions and notification requirements. Watch the video to learn how much notice must be given to the tenant and what type of reason landlords must have to be permissible under their respective state’s laws.

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home office tax deduction

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 […]

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Rental Property Tax Deductions

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 […]

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What to Do When a Tenant Breaks a Lease

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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