Category: Taxes

US States with Highest Property Taxes Are high property taxes, income taxes, and other rental property fees getting you down? With high mortgage rates and inflation pressuring everyone in 2023, the last thing homeowners, landlords and tenants need is higher property taxes. In today's post, we shed light on those cities and states charging high…

Reduce Your Rental Property Income Taxes As we close out year 2023, the matter of property tax deductions is the hot topic. For many landlords in high tax cities and states, the matter of taxes owed is a huge business problem.  As the chart shows, high taxes are an estimated 34% of operating expenses.   While…

Tax Deductions for Rental Properties Claiming all the necessary tax deductions and credits on your tax return is your right as a taxpayer. Yet, not all rental landlords and property managers keep excellent records. If this is you, there is a simple solution to claiming your deductions and avoiding penalties -- it's to use a…

Ready to Buy Property? Thinking of buying a house, condo, parcel of land, or some rental property in 2021?  The market dynamics for buying property still look favorable in 2021, especially for the best cities in the US. While Q1 2021 is a little troubled, it's actually a plateauing of prices in the housing market…

Landlord Tax Tips for Tax Year 2019 Another year has passed and you'll be filing your taxes for the year of 2019. When you consider the current state of the economy and what might transpire for you in terms of cash flow, added work, and possible evictions, it's wise to get your maximum tax deductions…

Tax Savings for Landlords It's spring again and the tax man is knocking at your door.  As a property management company accountant, landlord or property investor, you’re undoubtedly wondering how to cut your tax payable. Tax is a serious issue representing one of your largest business costs. Get your tax losses down and you'll be…