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A Landlords View of Rental Income
Under accrual accounting it is the rent earned during the period indicated in the heading of the income statement, regardless of when the money is received from the tenant. Read more
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Rental Property Depreciation in 2020
Depreciation is the process used to deduct the costs of buying and improving a rental property. Rather than taking one large deduction in the year you buy (or improve) the property, depreciation distributes the deduction across the useful life of ... Read more
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Evictions and how to avoid them
Evictions are unfortunate and costly for everyone involved. They are long, expensive and frustrating. Whether you are evicting because of late payments or damage to the property, there are a few things you should know. Why people get evicted, how... Read more
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Property Management Accounting with Quickbooks
QuickBooks is often at the top of any professional’s mind when they think about accounting software for their business. Read more
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Eviction Moratorium - What can a landlord do
Landlords are getting squeezed between tenants and lenders. Small landlords are getting squeezed now that many tenants can't make rent, and that leaves them few options. Read more
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Deductible Rental Schedule e Expenses
If you receive rental income from the rental of a dwelling unit, there are certain rental expenses you may deduct on your tax return. These expenses may include mortgage interest, property tax, operating expenses, depreciation, and repairs. Read more
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Tenant Move in Inspections for Rentals with PDF Checklist
Move-in inspections are designed to hold all parties – the landlord, property manager, and tenants – responsible for the condition of the rental property at the time of move in, during the lease term, and at the end when the tenant moves out. Read more
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Cozy.co vs Avail.co
Avail and Cozy both offer products that help landlords complete stages of the landlord journey. This software helps you find tenants, screen tenants, sign leases, collect rent, and manage maintenance. Read more
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Rental Property Accounting - two tips you cannot do without
You must have two distinctly separate checking accounts (complete with debit cards and check books) for two rental properties. I make sure all income and expense items flow through the respective checking accounts. At year-end when it's tim... Read more
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KNOWING YOUR STATE’S SECURITY DEPOSIT LAWS
When the landlord agrees on a new tenant after conducting a credit & criminal check, he/she will accept the security deposit. Some landlords fail to collect a security deposit and I feel that is a huge mistake. The security deposit is used only fo... Read more
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