Commercial Property Management

One of the greatest tax deductions provided to landlords is depreciation expense. The IRS enables landlords to depreciate the improvement of a rental property (single family residence) over 27.5 years. So, if you purchase a rental property for 5,000 and the land is worth ,000, you can deduct the ,000 improvement (5,000 - ,000 = ,000) over 27.5 years, or ,636.36 per year. (more...)...

As property prices drop, investing in rental property becomes an increasingly attractive choice. If you have accessible money or credit, you can snap up properties at amazingly low costs and turn a decent profit, or at least cover the mortgage by renting out the units. Whether or not you choose to invest in rental property as your primary source of income or as a sideline, there are certain pitfalls that you need to be conscious of. Here are some widespread and potentially disastrous mistakes...

Managing your own rental property can be somewhat of a challenge especially if you do not know what mistakes are prevalent and how to stay away from them. But by avoiding these mistakes you will not only save yourself dollars, but you will also save yourself a whole lot of headaches. While managing your own rental property is not something for the meek, here are some prevalent mistakes that should be avoided at all costs: •Not screening possible tenants: It is of utmost importance that...