We are all well aware that tax season is upon us, so it’s time to get ourselves organized and informed. We have all the major dates marked on our calendars, and we’ve reviewed an updated tax guide for 2019. So what’s next? You need to understand exactly which deductions you can claim this year on your tax return.
As real estate investors, we are always on the move—viewing and managing properties, investor, broker, banking, and vendor meetings, research new markets, and even education. And the list goes on! It’s no surprise then that many of these costs are tax deductions, but there are some nuances all real estate investors MUST familiarize themselves with in order to be as tax efficient as possible.
As real estate investors, tenants are our business. Demographic trends matter because they mean changing customer expectations that can directly impact our investment properties. With this in mind, Florentina Sarac from RentCafe’s commentary on their recent report showing an aging renter pool throughout the U.S has interesting implications.