As a landlord, you want to deliver the most positive rental experience possible for your tenants while keeping your costs low. We have designed this section to give you a few ideas on how to manage your expenses as you maintain a thriving business. The articles in this section cover tax deductions that could apply to your rental property, tax credits for which you could be eligible, and other financial structures that could safeguard your assets. With these tools, The Cost Management Idea Lab provides you with a wide range of tax and business options that may help you reduce your property taxes and protect your investment in the event of a lawsuit.
This section includes information about 1031 exchanges, which allow you to trade your investment property for another similar to it while deferring the payment of capital gains taxes on the sale. You can also learn about the legal and tax benefits of forming an LLC to which you can transfer your rental properties. As you will see, The Cost Management Idea Lab contains material on a wide array of topics aimed at saving you money on your investment property.
Mortgage rates. Sounds boring, right? They’re actually pretty fascinating – especially if you are in the market for a new home. Even if you don’t think so, you better get used to them because it’s something that will come up a lot in the journey to home buying – and even sometimes renting!
With summer on its way, thunderstorms and other severe weather are likely to follow. And, unfortunately, every year there are a few storms that bring flooding, downed trees, or worse, leaving property owners wondering where to start the cleanup.
If you’re like most of us, you spent the winter tucked away inside, away from the arctic air that took over the Northern Virginia and Washington DC area. You layered clothes and snuggled under blankets in your attempt to keep winter heating costs down.
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Tired of managing your own property?
This Guide to Choosing the Right Property Management Company will help you determine if it’s more cost effective to do it yourself or work with a property management company. We provide questions to ask your prospective property management company and five keys to creating a successful relationship.