Tax Time- Write offs for Landlords

Well, Tax time came and investors were scrambling to make sure their Accountants were “investor friendly” and understood the strategy involved in their investments.

 

Make note, Repairs get deducted, Improvements are depreciated.

 

An example would be repairing some lose flooring, leaking faucets, etc. Obviously you improve your home by replacing items that are already functional. To safeguard yourself, try spreading your repairs over time, so they are not all lumped together. A good Property Management company can help a great deal, as a Management company deals in repairs for the purpose of renting a property.

 

 

Marc Tesla