Business Expenses Archives

How to Budget for Your Rental Property Kitchen Renovation

| Business Expenses, Investing in Real Estate, Rental Property Renovations

The kitchen is a high-impact room in any home. As a rental property owner, it’s very beneficial to make this space both functional and beautiful if you want to attract renters and align with the current market value. You can tailor your home or apartment to your...

Real Estate Investing Start-Up Costs

| Business Expenses, Investing in Real Estate, New To Investing

You probably already know the regular monthly and annual expenses you should account for as a real estate investor, but what should you expect when you’re just getting started? There are a few one-time start-up costs you will incur when you begin investing in real...

Tax Tips for Real Estate Investors: The BRA Method

| BRRRR Method, Business Expenses, Rental Property Renovations

Accounting for repairs and expenses on a rental property is a topic that creates a lot of confusion. However, the IRS has set forth regulations that are very clear. In this post, I’m sharing a simple mnemonic device you can use to determine whether or not an expense...

Accounting for Expenses on a Rental Property

| Business Expenses, Investing in Real Estate, Lowering Taxes

Expenses are part of running any business, and real estate is no exception. We get an influx of questions about paying for insurance, taxes, and other expenses. It’s a smart idea to prepare for the different kinds of expenses that might occur, and set aside funds...

Should You Spend Money on a Rental Property Renovation?

| Business Expenses, Property Renovations, Real Estate Investment Strategies

How can you determine if you should spend money renovating an investment property? This depends on the condition of the property, your budget, and how often you would like to deal with maintenance. Obviously, some properties will need a little more love than others....

Three Tax Incentives for Real Estate Investors

| Business Expenses, Depreciation, Lowering Taxes

Taxes are an essential component in any business, and real estate investing is no different. Fortunately, there are enormous tax benefits in owning residential real estate. Being strategic about taxes year-round can totally change your experience and perspective on...