Managing multiple rental properties, each with individual financial details, without a streamlined banking solution can be a recipe for confusion and wasted time. Instead, having a bank account that caters…
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Finances:
Are refinance closing costs tax deductible on rental property?
Refinancing a rental property can be a smart financial move, and some of these costs are often tax-deductible, saving you money when tax season rolls around. The key thing to…
Deducting tree removals: Tax rules explained
When a tree falls on your rental property, it doesn’t just make a sound—it can create a significant dilemma and potentially become a sizable unplanned expense. Whether cleaning up the…
14 common short-term rental tax deductions (2024 guide)
Let’s say you just replaced the outdated kitchen appliances in your short-term rental, hoping to attract more guests, enhance their experience, and increase your rental income. Are you curious if…
The 2024 landlord insurance guide you can’t afford to miss
The surest way to derail any real estate business is a failure to protect yourself and your assets. Insurance isn’t the most exciting topic, but if you don’t properly cover…
Cap Rate vs Cash on Cash: Two Magic Metrics for Real Estate Investors
Cap rate and cash on cash return are two important metrics that real estate investors use to analyze rental property, but each calculation is used for different reasons. In this…
Key 2021 tax deadlines & check list for real estate investors
Tax time is right around the corner, and for real estate investors the time is now to start organizing your business and documents to be as efficient as possible. Part…
What is net cash flow and why does it matter to real estate investors?
As a general rule, most real estate investors don’t buy properties that aren’t cash flow positive. However, cash flow can be different things to different people. That’s why it’s important…
11 best online rent collection tools (+ features you need)
One of the biggest concerns nearly every landlord has at one time or another is getting a tenant to pay their rent on time. Online rent collection tools can help…