Owning rental property can be a great way to make an income and build wealth, but it’s important to understand all the tax benefits of rental property ownership. Having the right bookkeeping…
Tag: Real estate depreciation
How to Read and Understand a Profit and Loss Statement for Rental Property
If you’re a landlord or rental property owner, it’s important to understand your business’s financials – and that includes your profit and loss (P&L) statement. A P&L statement is a key financial…
Managing Your Property: The Basics of Rental Property Accounting
As a landlord, property manager, or real estate investor, it’s important to understand the basics of real estate accounting. In this post, we’ll talk about what goes into your income and expense…