Each time you make a change to a rental property, you need to determine whether it is a repair or an improvement. While the terms may seem synonymous, they have a big difference when it comes to tax deductions for landlords and investors. Repairs are deducted in the year you made them, while improvements are depreciated […]
Real estate investments definitely add complexity to your tax returns, but any savvy investor knows that tax season also means the ability to cash in on breaks and benefits you can earn through investment properties. As a landlord, you know that the IRS requires you to report all rental income. You probably also know that […]
When it comes to adding both value and “livability” to a home, the experts agree it all comes down to two rooms: the bathroom(s), and the kitchen. Get it wrong, and you could be looking at a lot of sparsely-attended open houses. Get it right, however, and you could have a buyer signing on the dotted […]
