Steps in a thorough tenant screening process include income and employment verification, rental and criminal history, and a credit report. However, it takes more than just reading printed reports to…
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Investment Strategy:
The biggest benefits of hiring a real estate CPA
A good real estate certified public accountant (CPA) can help an investor structure transactions to minimize potential taxes while remaining compliant. At the end of the day, the amount of…
How to Rent a House in 10 Simple Steps
Owning a rental property can be a good way to generate extra recurring revenue and develop wealth over the long term. But even with the demand for rental property as…
What rental property owners need to know about pet deposits
Nearly 70% of U.S. households own a pet, according to the AAPA, making the odds pretty good that, at one point or another, a landlord will have a potential tenant…
How to screen tenants: 6 essential steps
Screening tenants is a key part of owning and operating a rental property. Selecting a good tenant can help you keep cash flow strong and potential returns robust, while making…
How to find good tenants for your rental properties
Both single-family rentals (SFRs) and multifamily homes had occupancy rates of about 95% in the third quarter of 2021, according to Arbor Realty Trust. While a high occupancy rate is…
8 Useful Short-Term Rental Software Options for 2024
Average annual revenue from short-term rentals (STRs) listed full time grew by $56,000 by the end of 2021, marking the highest level ever. According to the 2022 Short-Term Rental Outlook…
Understanding bonus depreciation & how it’s soon changing
Depreciation is a non-cash deduction real estate investors use to reduce or sometimes completely eliminate taxable net income from a rental property. In most cases, an investor must depreciate improvements…
Are utilities tax deductible for rental property?
One of the many benefits of owning a rental property is being able to deduct normal operating expenses from gross rental income to reduce taxable net income. Utilities are generally…