If you own residential rental property, one of the biggest incentives is the ongoing income that you can generate from your tenants. In addition, as long as your property(ies) are occupied, it is also possible that the income from your tenants is going towards paying...
Regardless of whether you plan to go on a nice vacation or spend some time relaxing at home, the holidays can provide some downtime to catch your breath and plan ahead for the upcoming year. After the hustle and bustle has ended, it can also be a great opportunity to...
Owning and managing rental real estate can be a lot of work. It can also require many out-of-pocket expenses, such as a monthly mortgage, maintenance costs, and property management fees. But even so, the regular income – plus a number of favorable tax advantages...
If you own investment property and the time has come to sell it, then the taxes on that sale could make a big difference in the amount of money that you are able to net from the deal. And this, in turn, can have an impact on any subsequent purchase, payoff of debt, or...
As the beginning of a new year quickly approaches, one of the first things on your to-do list will likely be filing your taxes. For rental property owners, there are typically a long list of items you can deduct. But even if you’re a seasoned professional...