Property Management News
If you’re like most people, the idea of owning rental property sounds pretty appealing. After all, it’s a great way to make some extra money, and who doesn’t love the idea of owning their own little business? But before you take the plunge, it’s important to understand that there are several tax advantages to owning rental property. So if you’re on the fence about whether or not to buy a rental property, read on. These tax benefits of rental property might just be the thing that tips the scales in your favor! 1. Mortgage Interest Deduction For house loans of up to $1 million, homeowners can deduct their mortgage interest. They can also write off a portion of the money they... Read more
Weighing the Pros and Cons You can buy real estate in your IRA. In some select cases, that might be a smart move, but for the average person, it is probably not a...
Taxes can be quite hard to understand, and many landlords have questions on their minds as the tax season approaches. Among these are: what is a 1099 tax form, and in...
Owning rental property can be a very lucrative investment. However, there may be some aspects of this business venture that may seem a bit overwhelming at times. Many...
NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $286 billion in taxes were paid by property owners in the fourth quarter of 2022...
When you manage a real estate portfolio of any scale, keeping accurate records is a must – especially when it comes to tax time. It’s no secret that top-notch organizing is directly connected to your bottom line. By having the correct records and know-how, you can claim the most tax breaks accurately and legally, keeping you in good standing with the IRS without missing any opportunities to save money. Every dollar counts, so let’s find out what are the 10 best tax breaks landlords can grab. Disclaimer: For the most accurate advice and tax return, work with a tax professional throughout the year. As a landlord, you will accumulate a lot of expenses, making it important to keep... Read more
If you're looking for a less risky and more long-term investment to make you real money, you may want to consider real estate. There are many reasons why real...
Key Takeaways Property taxes fund schools, fire departments, libraries and other municipal services. Your tax assessment is based on the estimated market value...
LLCs are fast becoming a preferred entity type for investing in and holding real estate. Here are the advantages they confer—and the disadvantages. Limited...
Real estate investment is a popular and profitable venture for many individuals, but navigating the tax implications can be overwhelming. It is crucial for real estate...
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