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Tax Tips for Rental Properties – Rental Income and Deductions for Landlords

Rentec Direct

One of the biggest benefits of owning rental property come tax time are the special opportunities to deduct expenses related to your rental property and rental income.

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Is Rental Income Taxable? What Landlords Should Know

Bay Property Management Group

Many landlords ask, ‘is rental income taxable?’ ’ Whether you’re renting out one property or several, understanding taxes is crucial for your business’s health. Is Rental Income Taxable? As property management in Baltimore can tell you, renting out a property is a business.

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Tax accounting for rental property management: What landlords should know

Buildium

Note: This guide is intended to provide general information on rental property tax accounting. For specific advice on your own property or portfolio, speak with a tax professional that can examine your specific situation in detail. What Counts as Rental Income? Heres a quick breakdown of those definitions.

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What Insurance Do I Need If I Rent Out My House?

Bay Property Management Group

Protecting whats yours is one of the most important parts of managing a rental property. And if youve been asking yourself, What insurance do I need if I rent out my house? Read along to learn what each option covers and how to choose the right insurance for your rental. Homeowners insurance wont cover the lost rent.

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How to Handle Lease Renewals and Rent Increases Fairly and Profitably

Real Property Management Chicago

Lease renewals and rent adjustments are one of the most challenging aspects of property management. Numerous factors could lead to complications, rendering them difficult for both property owners and renters. Here are some innovative strategies for lease renewals and rent adjustments that are fair and financially effective.

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The Impact of Inflation on Rental Property Investment Projects

Bay Property Management Group

But is inflation a threat to your rental property investment, or can it actually work in your favor? Lets explore how inflation on rental property investment can impact youand most importantly, how you can keep your investments safe and still make a profit, no matter what changes the economy goes through.

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How to find the best rental property accounting software for landlords

Buildium

Managing rental properties involves more than just collecting rent and maintaining the property. One of the most important aspects of property management is keeping track of financial transactions, monitoring expenses, and ensuring taxes are filed correctly.