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How To Use A General Ledger For Rental Properties Keeping a detailed record of your business’s cash flow isn’t easy. Juggling rental income, invoices, taxes, fees, and more can become overwhelming very quickly. If left unchecked (and unorganized), your business’s finances can get messy.  Luckily, keeping a general ledger is a tried-and-true method of tracking […]

Types of Taxes if You Own Residential Rental Property Owning residential rental property comes with a variety of financial responsibilities, including managing multiple types of taxes. For landlords, understanding the nuances of these taxes is crucial to staying compliant and optimizing your income. This article breaks down key tax categories for landlords including rental income […]

How Rental Property Accounting Software Can Help Your Vacation Rentals Managing a vacation rental isn’t all sunshine and seaside views. The less glamorous underbelly of owning a vacation rental is tackling its accounting. Managing the finances of vacation rentals can be complex, and while platforms like Airbnb and VRBO offer basic data management tools, they […]

Rental Property Accounting Software Can Make Tax Season Easier Tax season always sneaks up on the ill-prepared. As a landlord managing multiple rental properties, you may have found yourself scrambling each year to find documents, generate receipts, and track down payments. Luckily, it doesn’t have to be this way! Modern technology has allowed for some […]

The Best Beginner Tips For Paperless Rental Accounting Picture this: You’re a landlord or property manager who has decided to switch over your books to accounting software for real estate management. You’ve researched to find the platform that fits best with your company, you’ve made your decision and purchase, and now you’re logged in, staring […]

Everything You Need To Know About A Rental Property Profit and Loss Statement As a landlord, you’re constantly on top of your day-to-day finances. Money flows in and out of your business, and it can be difficult to see the big picture at times. If for a moment you need to zoom out and take […]

A Landlord’s Guide To Cost Segregation When reporting and depreciating your capital expenses, it can be a while before you see a sizable return, even with bonus depreciation. For residential rental buildings, the recovery period as per the IRS is 27.5 years, meaning it will take you that long to take all the depreciation deductions […]

A Guide To Landlord Taxes In 2025 Managing rental properties comes with a range of responsibilities, including navigating the complexities of taxation. From understanding different types of taxes to leveraging safe harbors and depreciation strategies, staying informed is key to optimizing your financial outcomes. This guide provides an overview of the key tax considerations for […]

Reporting Depreciation on Rental Property When managing real estate investments, depreciation can be both an opportunity and a challenge. Reporting depreciation accurately can save you money and reduce tax stress, but it requires understanding key concepts and using strategic tools. In this article, we’ll explore essential tips for reporting depreciation, including improvement ratios and the […]

The Status Of Bonus Depreciation In 2025 The Tax Cuts and Jobs Act (TCJA) of 2017 brought about some of the most sweeping tax reforms in decades. Among its many provisions, the enhancement of bonus depreciation stands out as a powerful tool for businesses. Bonus depreciation (Section 168 (k) of the Internal Revenue Code) allows […]

Home Sale Exclusion The home scale exclusion, also known as the Section 121 Home Sale Exclusion, is a valuable provision in the U.S. tax code. It allows homeowners to exclude a substantial portion of the profit from selling their primary residence from taxable income. In this article, we’ll cover the home sale exclusion in more […]

A 1031 Exchange A 1031 like-kind exchange is a tax-deferment strategy that allows real estate investors to sell one investment property and purchase another without immediately paying capital gains taxes. This tax strategy, governed by Section 1031 of the Internal Revenue Code, is a powerful tool for building wealth and expanding investment portfolios. It provides […]