Landlord-ing 101
mapleleafmanagement • Feb 26, 2015
Here’s an interesting read from FindLaw.com that talks about the ‘Perks of Being a Landlord’. Click here to read the article.
The main points of the article describes how owning a rental property can have some perks…that is if you can afford to purchase a rental property.
Here are some main points from the article:
- You can receive income from rent (from owning a rental unit, however not all rental income is profit-take into consideration property taxes, mortgage payments, repairs etc.)
- Not necessarily a stable income (if the unit remains empty due to major repairs, or un-rented if the rental market is on the slow.)
- Certain things such as interest, depreciation, repairs, travel or a home office could potentially be deducted from your taxes.
- You can be your own boss!
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Maple Leaf Property Management does business in accordance with the Federal, State and Local Fair Housing laws and welcome Persons of all Race, Color, Disability, Religious Creed, Ancestry, Sex, Familial Status, Sexual Preference, Gender Identity, Age and National Origin. We process applications and score is on the criteria described in this policy. We do not accept comprehensive reusable tenant screening reports.
