The issue at hand– You have a chunk of money (perhaps you received an inheritance, an annuity matured, you sold an asset, etc.), or you have a monthly increase (a raise, a debt paid, a rental property mortgage paid off). The question– Should I pay down/off my home mortgage, pay off a current rental property mortgage, or invest in … Read More
In previous articles, we discussed tax deductions for landlords and repairs vs. improvements. Today we‘ll offer insight into ‘safe harbors.‘ The IRS offers three variations, which can help landlords sidestep the “Is this a repair or an improvement issue.“ Safe harbor for small taxpayers Safe harbor for routine maintenance De Minimis safe harbor Safe Harbor for Small Taxpayers (SHST) The SHST permits … Read More
Maintaining your rental property is a given. From minor repairs to major renovations, these repairs and improvements can be deducted from your taxable income. The key is knowing the difference between a repair and an improvement. Repairs can be fully deducted in the year you experienced it. Improvements, however, must be depreciated over multiple years. … Read More
The many benefits of owning rental properties are well known. Unlike other investments, real estate has various avenues for profitability such as: monthly cash flow, property appreciation, equity growth from mortgage paydown, and the ability to use depreciation to reduce tax expenses. ALL GOOD THINGS! Of course, it’s important to properly report income, expenses and … Read More
To say 2021 will be a year of massive shifts and innovations in the property management industry is an understatement. Successful businesses are beginning to think on their feet and out of the box, using innovative technology is one of 2021s biggest survival trends. Property management businesses that traditionally rely solely on in-person communication are shifting gears –working with tenants, … Read More
Ultimately, regular inspections aim to protect, and if possible, improve the value of a landlord‘s property. In Part 1, we discussed the What, Why, and When of inspections. Today, we’ll talk about how to accomplish it. Property inspections correctly carried out, will ensure this tool benefits rather than hinders the landlord-tenant relationship and positively impacts tenant retention. The HOW of rental property inspections: Establish A Set of … Read More
Inspections are a crucial tool in the property management business. In fact, they rank as one of the very best ways to protect your income-earning rental property. Do you want your property to grow in value? Do you want to guard the earning potential for this property? Do you want to maintain a healthy cash flow? Of course, the answer to all … Read More
Rentals America is pleased to announce the recent opening of our new office in Las Vegas, Nevada. Founded in 2007, Rentals America offers high-quality property management services for residential rental properties. Our mission is to provide professional excellence and customer service to make life easier for property owners, renters, and real estate agents. The Las … Read More
Rentals America cares deeply about the communities we serve. Our charitable program, Rentals America Cares, focuses on supporting food and sheltering needs for those in need. At the beginning of 2020, we set a goal to contribute 50,000 meals to Feeding America – the nation’s largest domestic hunger-relief organization. When COVID-19 hit our country in … Read More
Communication. The essence of every relationship – from family, friends, and neighbors to your colleagues, kid’s teachers, service persons, and well, everyone in your life. Did we mention tenants? The ability to communicate effectively is vital to success in every area of life. So, let’s discuss the art of communication. We use communication both to … Read More
This is not an offer to sell a franchise. Rentals America franchises are offered only by our delivery of a Franchise Disclosure Document to you in compliance with FTC Rule 436 and various state franchise sales laws. Rentals America is currently not offering franchises to residents of the following states: Connecticut, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington or Wisconsin. This website information is not directed to any person in the states listed above by or on behalf of the franchisor or anyone acting with the franchisor’s knowledge. No franchises can be offered or sold in the states listed above until the franchise offering has been authorized by the appropriate regulatory authority and the Franchise Disclosure Document has been delivered to you as required under applicable law
