Maintenance & Repair

Rental Property Renovations and Improvements That Pay Off

If you’re looking to get a major renovation project to pay off in terms of the immediate resale value of your rental property, you’ll probably be disappointed. Return on investment by project varies for individual rental properties, of course, but a series of annual studies by Remodeling magazine indicate that…

The Danger of Using Unlicensed and Uninsured Contractors

One of the first principles of gambling is this: Never take a risk you can’t afford to lose. Or, as Warren Buffett once said of an investment that went spectacularly wrong: “Never risk what you have and need for what you don’t have and don’t need.” When you hire an…

10 Rental Property Tax Write-Offs You’d Be Crazy to Ignore

Rental property tax deductions reduce the amount of income tax you pay on your rental income. They’re a good thing. And because they can save you money, you shouldn’t ignore them. In fact, documenting your rental expenses and deductions should be a regular and habitual part of your rental business.…

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