Category: Property Management
Cost Segregation: Why are 90% of Real Estate Investors Overpaying Federal Income Tax?
By ignoring generous IRS guidelines when establishing depreciation schedules, over 90% of real estate investors are unintentionally overpaying federal income taxes. In addition, they are paying federal income taxes earlier than necessary, typically years or decades earlier than necessary. Cost segregation also defers payment of income taxes, often for 5 to 10 years. Importance of […]
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Surprisingly Easy Ways to Collect Rent Payments on Time
Are you a landlord struggling to collect rent payments on time? Whether you do this on the side, or as a full-time job. Collecting rent payments on time can be a difficult job to do. Luckily, there are several stress-free ways to collect rent payments on time. Ways to Collect Rent Payments on Time Are […]
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Investing in Short-Term Rentals
Most people are probably familiar with Airbnb. Or if you travel regularly, for sure you know it and you might have stayed in one of Airbnb properties. Airbnb and other lodges such as VRBO are categorized as short-term rentals. From the term itself, these properties or rooms are rented by travelers or guests for a […]
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How to Deal with a Tenant that Damages the Property?
Being a landlord can be an ideal job. You get to earn passive income just by staying at home, or while juggling with another job. Though it may require a lot of work, it will surely give you financial security. You will just need to advertise your properties, find tenants, and manage them. But just […]
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Surprising Truth of Being A Landlord
Whenever we think of ways to earn passive income, owning a rental property seems like the perfect choice. You will buy properties, find tenants, then profit from the rental income. You can get financial security just from managing a property – sounds easy as pie. But that is a common misconception about property management. Being […]
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Top 10 Property Management Mistakes
Property Management is not a skill that you can learn overnight. It is a continuous learning process. Mistakes are part of the process, but you still need to be careful. Therefore, you will not make bad decisions. As a property manager, any mistake could cost you money and may affect your business. You can avoid […]
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