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RECENT BLOG POSTS
Sometimes it helps to not report your rental income. No, I am not crazy, just simplifying what the IRS already said! IRS says to not report rental income on your tax return if you rented your home or vacation home for 14 days or less.   Keep in mind that as a result, you will not be able to deduc...
12/11/2013
Utilities paid by the landlord for tenant use are fully deductible, provided that the rental agreement stipulates that the landlord will pay for utilities. Landlords often incur expenses to light common areas or operate security systems. Other common expenses include power, water, gas, and cable,...
12/10/2013
Property managers and landlords - is advertising for your property on the agenda for 2014? If yes, you may already know this tax tip, but I dont mind reiterating it, after all..practice makes perfect! You can deduct any advertising expenses that are considered “ordinary and necessary” for your re...
12/04/2013
Do you already have your 2014 resoulutions in place? Thinking of taking it easy and taking some time off from managing your properties to pursue other interests? I have just the tip to aid this plan of yours. Since, Property management fees are fully deductible, consider hiring someone that you d...
12/03/2013
2014 is right around the corner, which means tax season cant be far behind. Prepping for taxes the right way can save you money and prevent a headache (and save money on the aspirin!).If you're looking to do some repairs to your rental properties for the new year, it may help to spread out your r...
12/02/2013
If chasing your potential clients all over town is leaving you hungry and burning a hole in your pocket, I do have a tip to to prevent one of those..Save your receipts and IRS will allow you to deduct 50% of your expenses. When traveling away from home on business, if you incur expenses for meals...
11/22/2013
Its that time of the year again! Pretty soon it will be time to hang up those lights, decorate the tree and buy gifts for your business associates to celebrate the holiday season. You can still save by spending on gifts this season by keeping the following simple tax tips in mind. Remember that i...
11/20/2013
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Amanda Elliott

Property Management Software
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