When you’re starting a rental property business, one of the key decisions you’ll make is how to structure your business. Today, we’ll discuss the pros and cons of LLCs, S corps, and C corps and how they may affect your rental property business.
In the US, the peak moving season for renters is between mid-May and mid-September. Today, we’ll look at six common issues investment property owners face during the peak rental season.
Did you struggle with your tax prep this year? Tax time isn’t pleasant for anyone—especially real estate investors who have extra forms to submit. We’ll show you how to use tax-time pain points to improve your rental property business and simplify tax filing next year.
You own rental property- but does that mean you are self-employed? Today, we’re tackling several key questions about self-employment tax, who it applies to, and what you need to know!
Vacation homes make fantastic seasonal rentals, and the IRS even offers tax breaks to property owners who meet certain requirements. Let’s talk about seasonal rentals, the pros and cons of short-term rentals, and the tax implications that come from renting out your vacation home.
No matter why you put your personal property into service as a rental or for business use, you need to know its basis to be able to claim depreciation deductions. Today, we’ll cover the basics of basis, depreciation, and their calculations for three types of personal property in service.
The home office deduction can be complicated, and questions are understandable. What can you include in the deduction? How do you calculate it? Where do you report it? Today we’ll cover the dos and don’ts of the home office deduction so you’ll be ready to file in time for tax day.
Whether or not you can take a home office deduction for your rental property is not an easy question! To help you navigate this gray area, we’ve put together a review of the home office deduction and the questions surrounding it. Why is there a debate? Who qualifies for the deduction? Is taking the deduction worth it? We’ll cover all those and more.
Have you thought about setting up a property management company? It may sound like an easy way to make money and realize tax benefits, but it may be more complex than you think. Before you jump in, consider these pros and cons of starting your own property management company.
As a real estate investor, you may wonder if hiring a property manager is right for you and your rental business. Each situation is unique, so let’s discuss what property managers do, types of property managers, and the pros, cons, and fees associated with management companies.
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