For the first two years of owning rental properties, my monthly review was a single question: did the rent come in? If yes, I moved on. If no, I made a phone call. That was the whole system for tracking rental property performance. I thought I was running a tight operation. Then I did a proper year-end accounting on one property and discovered it had generated about $600 in net cash flow over twelve months. After the furnace tune-up, the move-out repair, the month of vacancy, and the
Yes, pest control is tax deductible on a rental property — as long as the expense is for the rental unit, not your personal residence. The IRS treats pest control as an ordinary and necessary maintenance expense, and you deduct it in full in the year you pay for it. What the IRS rule actually says The IRS allows landlords to deduct all ordinary and necessary expenses required to maintain their rental property. Pest control fits squarely in the maintenance and repairs category on Sch
Simple habits that save money, reduce stress, and survive an audit
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Why fast maintenance is one of the highest-ROI moves a landlord can make
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A step-by-step guide for raising rent without losing good tenants, plus a landlord-friendly rent increase letter template you can copy and send today.
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(Without Guessing or Leaving Money on the Table)
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(Small Landlord Guide)
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Clear, firm, and low-stress ways to protect your cash flow
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