Tagtaxes

8 Overlooked Tax Deductions for Property Managers

Whether you own a large multifamily property management company or simply rent out a single investment property, there are tax deductions waiting for you to take advantage of. Most landlords realize that some of their property management expenses are deductible, many are leaving money on the table by failing to use tax rules to their full benefit. We’ve compiled a list of  overlooked tax...

Getting Help With 2015 Taxes

It really does feel like it was just a couple of months ago I was writing about how to best prepare for the 2014 tax season: and here we are, it’s time for the 2015 tax season! Time flies. Now, you may be considering hiring a tax professional to help you this year, and that’s a smart thing. First, you can try talking with friends or other professional associates who can recommend someone, but you...

1099 For Property Managers

Earlier, we talked about landlords and tax time, but did you know that there are sometimes special tax issues and situations for property managers? It’s that time of year again- end of the fiscal year and if you’ve been paying people to do yard work or take care of other things around the properties, odds are, you need to send out Form 1099.Though we, or anyone else is unable to give you tax or...

Tax Time For Landlords

You wouldn’t pay more than you had to on your every day expenses on your rental property, so why are you doing it with your taxes? Each and every year, many landlords do just that. Rental real estate has a host of tax benefits, far more than many other investments. Still yet, many landlords and property owners are paying much more on their rental income tax than they really should be. There are a...

Renting out a Room

An old trend from the late 1800s and early 1900s is again resurfacing. Census experts say that the reason for the resurgence in individual room rentals is a wobbling economy and high unemployment rates. In fact, according to statistics, between 2008-2010, 7.3 million people were unrelated adults living in someone else’s home. If you’ve been thinking about smaller scale rentals like this, such as...

How a Rental Investment Can Help You Save Money

Sometimes it can seem like owning an investment property involves a lot of spending rather than saving. But a rental property investment can actually save you money in the long run, if you play your cards right. Since real estate is typically a long-term investment, it’s a good way to put your cash into something tangible that will gradually increase in value over time. This article in the...

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