If you recently purchased a rental property, you may be wondering what closing costs you can deduct. After all, even though the Internal Revenue Code is extremely friendly to real…
Blog
Tips, tools, and news for rental investors.
How Much Do Property Managers Charge? Here’s a Breakdown
Successful real estate investors understand that hiring a good property manager is more like an asset instead of an expense. The best property managers help to keep rental property occupied…
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How Rental Income Is Taxed: A Property Owner’s Guide
Taxes on rental property work much differently than an owner-occupied home, but in ways that can be very beneficial to real estate investors. As a basic rule, rental property investors…
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Common Rental Property Expenses & Which Ones Are Deductible
Most real estate investors do a pretty good job of estimating the gross rental income a property can generate. Where many people make their mistake is my underestimating the true…
City rents are stabilizing [April 2021 rent data]
Zumper released its monthly rent data last week for May, including some interesting takeaways for real estate investors involved in the major urban metros of NYC and San Francisco. Rent…
Should You Use an LLC to Get a Rental Property Mortgage?
When you own rental property, it’s usually a good idea to hold it in the name of an LLC, to help limit your liability and build credit for your real…
How to Avoid Capital Gains Tax When Selling a Rental Property
The longer you hold a rental property the more potential profit you stand to make. Unfortunately, when the time comes to sell, you could be facing a pretty significant tax…
How Much Tax Do You Pay When You Sell a Rental Property?
The nice thing about owning a primary residence is that when the time comes to sell you’re exempt from paying capital gains tax (up to a certain amount). Unfortunately, the…
How to Sell a Rental Property While Avoiding a Tax Hit
Selling a rental property involves more than just hiring a local real estate agent and holding an open house. In fact, oftentimes it can be more profitable to not sell…