As the owner of rental real estate, one of the biggest benefits is the long list of tax deductions that are available to you through your investments. Yet, just like many other areas of the U.S. tax code, knowing what is an isn’t allowed can be somewhat complicated. Because of that, it is always in your [...]
For owners of rental real estate, one of the biggest concerns can be receiving your rent checks on time. When a tenant pays his or her rent late, not only can it throw off your income and expense figures, but it also takes time on your part to track the tenant down and ensure that [...]
As a landlord, one of the most common complaints about tenants is the rent check being late. In some cases, there are circumstances where the tenant just simply is not able to get you the payment on time. But how do you handle those who are consistently late with the monthly rent check? There are [...]
Being a landlord, you may wear a number of different "hats," such as leasing agent, maintenance person, and the collector of funds. In addition to just receiving rent payments, though, it is likely that you have also received a security deposit from the tenant (or tenants) in each of the properties that you own. For [...]
One thing that anyone who has ever purchased property is certainly familiar with is all of the real estate investment paperwork that goes along with it - and this is especially the case if you own rental real estate that entails ongoing documentation such as incoming rent checks, maintenance records, insurance, and tax files. Owning [...]
You entertain clients and business prospects to build relationships and gain new business so lets talk about meals and entertainment tax write offs for real estate investors. In some cases these meals/entertainment can be tax deductible. The expense must meet either the directly related test or the associated test as defined by the IRS. [...]
Whether you are a full-time investor or weekend landlord, your landlord vehicle expenses will often be one of the largest expenses you will have each year to offset your investing income for tax purposes. The IRS gives the taxpayer 2 options - itemize each individual vehicle expense (fuel, oil changes, repairs and maintenance, etc.) or elect to [...]