Long- or Short-Term Rentals: Which Investment Strategy Is Right for You?
Let’s compare and contrast aspects of long- and short-term rentals so you can choose the investment strategy that works for you!
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Let’s compare and contrast aspects of long- and short-term rentals so you can choose the investment strategy that works for you!
An LLC is a great option for many landlords—but maybe not for the reasons you’re thinking. Let’s look at these misconceptions to uncover what the true purpose of an LLC really is.
All businesses must pay taxes to federal, state, and local authorities – but there are dozens of kinds of taxes. Do you know which taxes your rental property business is required to file and pay?
You know you need a cash reserve for your rental properties, but how much should you save? Today, we’ll discuss the six most important factors and strategies to consider when setting a savings goal for your property’s cash reserve.
Owning rental property comes with a certain amount of risk, and maintaining a cash reserve is the best way to ameliorate that risk. Today we’re covering the basics of cash reserves and savings tips that you can start using immediately.
When you sell an investment property, you need to create a journal entry to record the transaction. There are many factors to consider, but we’ve provided a sample situation and journal entry as a reference point.
We’ve all seen the advertisements for property management software, promising to put your real estate investments on autopilot. But does it live up to the hype, and how can you get the most out of it?
Have you ever had to travel out of town for your rental property business and wondered what the IRS does or does not consider deductible? Read on to learn more!
Let’s review the benefits of being a real estate professional, the criteria for becoming one, and best practices for proving your professional status to the IRS.
Most landlords use cash basis accounting, but do you know why? Let’s review the basics, the tax benefits, and some best practices.
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