All the tasks associated with managing investment property accounting can seem overwhelming, especially if a landlord lacks the proper foundation and processes needed. Unless you employ a CPA or professional property management company, tax time could prove to be a busy and stressful time. So, continue reading below as we outline tips to prepare for […]
Tag Archives: tax deductions for rental properties
09
Nov
Nov
Upon hearing the word depreciation, your mind might automatically go to the negative. However, for the savvy investor, depreciation signals opportunity! Rental property owners encounter many expenses throughout the year, chipping away at their bottom line. That said, not all expenses create a tangible impact on your cash balance. Depreciation is a paper loss that […]
19
May
May
Owning a rental property can be complicated and pricey. The good news is, unlike being a standard homeowner, there are tax deductions when owning a rental property. We always recommend that you hire a Philadelphia property management company or tax advisor to assist with adequately deducting these items. Learn more about what things are deductible […]
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