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The Best Rental Listing Sites of 2021 for Homes & …

Details: What is a Rental Listing Site? Rental listing sites are websites that landlords use to market vacant property or soon-to-be-vacant property. Most sites for rental listings are free for landlords to use, and many also work with a smartphone mobile app to help reach today’s younger Generation Z and Millennial renters.

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How to finance a rental property: 7 common options

Details: How is a rental property loan different? Rental property loans are used to finance income-producing real estate such as a single-family rental (SFR), small multifamily building with 4 units or less, along with townhouses and condominiums.. Since loans for rental property are used to finance investment real estate, the loan terms and conditions are generally stricter than with a …

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2021 Rental Property Analysis Spreadsheet [Free Template]

Details: Gross annual rental income is the amount that could be collected based on 100% occupancy. Vacancy/credit loss is the amount of potential rental income when the property is vacant (normally estimated at 5% of the gross annual rental income). Effective gross rental income is the difference between the gross annual rent and vacancy/credit loss.

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How Rental Income Is Taxed

Details: Taxes on rental property work much differently than an owner-occupied home, but in ways that can be very beneficial to real estate investors. As a basic rule, rental property investors should report all of their income and expenses as much as they legally can.. In this article, we’ll explain how rental income tax rates work, and how to use expenses from owning and operating a …

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The Complete Rental Property Deductions Checklist

Details: Rental property deductions are available for necessary expenses for managing and maintaining a property. There are 25 main rental property deductions that most real estate investors can take to reduce taxable net income. Expenses may be deducted for items such as normal operating expenses, owner expenses, and depreciation.

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How Much Profit Should You Make on a Rental Property …

Details: The rental calculator is an excellent resource for instantly forecasting the potential return of a single-family rental home, even if the house has never been used as a rental before. How to Measure Rental Property Profits. There are four main ways to measure rental property profits.

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What is a Rent Roll (Plus a Free Rent Roll Template)

Details: A rent roll is an important document that rental property investors, property managers, and lenders use to understand the income stream from a rental property. Rent rolls are created for any type of rental real estate asset, including houses and multifamily buildings, retail and office properties, and mixed-use developments.

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How to write a winning rent increase letter [free template]

Details: If the rental property is located in a city or state with rent control laws, there may be a limit to how much – and even if – a landlord can raise the rent. That being said, landlords with single-family rental homes and owner-occupied multifamily properties with 4 units or less are generally exempt from rent control, according to the legal

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U.S. cities where wages are growing faster than rents

Details: The rate of rental price growth dipped at the start of the pandemic, falling from 3.3% year-over-year at the end of 2019 to a low of 1.3% in September 2020, and has since rebounded sharply to 5.4% in June of this year. In contrast, wage growth was around 3% before the pandemic, held fairly steady between 2.5% and 3% throughout 2020, and

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How to Track Your Rental Property Expenses in 2021

Details: Tracking rental property expenses is an important part of investing in real estate. It’s also one of the least favorite things that most real estate investors want to do. The good news is that keeping track of the expenses of owning and operating rental property is easy when you use the best modern software specifically built for residential income property investors.

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A simple guide to getting a HELOC on a rental property

Details: Also known as a Home Equity Line of Credit, a HELOC is a second mortgage on a rental property that works similar to the way a rotating line of credit on a credit card does. The lender sets the credit line dollar amount using the rental property as security. The borrower can draw on the line of credit as needed, repay the balance over time, then

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How to Create a Rent Ledger for 2021 [Free Template]

Details: Rental property investors can use a rent ledger to help anticipate problems with cash flow before they occur and to identify potential opportunities offered by a property. By reviewing a property’s rent ledger over multiple years, an investor can learn if the overall gross rental income is growing, declining or staying the same.

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Rental Property Accounting & Bookkeeping 101: Landlord's Guide

Details: Rental property accounting is not typically why we got into real estate investing in the first place. Managing your money well can lead to tax savings, increased rental income, lower expenses, and more overall ROI. Poor money management can lead to overpaying taxes, lost rental income, higher expenses, and low ROI. But what are the tried-and-true 'best practices' for …

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Rental yield: What it is and why it matters to investors

Details: Rental yield compares the cash generated by a property as a percentage of the property price or market value. Of the many financial metrics that real estate investors use to analyze property, rental yield is a quick and easy tool to help identify properties that offer the most profit potential.

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Rental Income and Expense Worksheet: Free Resources

Details: Use Rental Income and Expenses to Analyze Rental Property. A good rental income and expense worksheet makes analyzing the current performance of property and additional investments much easier. The gross income, net income, and cash flow reported on the worksheet are used in a variety of other rental property calculations including:

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How to Use Rental Comps to Maximize Rent (Free Resources)

Details: If single-family rental properties like yours are trading for a cap rate of 6%, the extra $100 in monthly rental income adds $20,000 to your property value: NOI / Cap rate = Market value, or $1,200 per year in extra rental income / 6% = $20,000. On the other hand, our rental comps might indicate your rent is too high compared to similar properties.

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How to Accurately Calculate Depreciation on a Rental Property

Details: How Depreciation Works. Residential rental property owned for business or investment purposes can be depreciated over 27.5 years, according to IRS Publication 527, Residential Rental Property.. Depreciation is based on the concept of an asset having a “useful life.” Depreciation expense is meant to compensate a rental property owner for normal wear and tear to the …

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Should I pay off my rental property

Details: Advantages to paying off a rental property. Here are five potential advantages to consider to help decide if paying off a rental makes financial sense. Increase cash flow. The monthly mortgage rate on a $125,000 loan is about $600 per month, principal and interest, based on an interest rate of 4% for an investment property loan.

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The 3 types and uses of cost basis for rental property

Details: The original cost basis of a rental property is the purchase price plus certain closing costs that must be capitalized instead of expensed. As the IRS explains, generally the only closing costs for a rental property that can be expensed or deducted from rental income are interest, certain mortgage points, and deductible real estate taxes.

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How to Sell a Rental Property While Avoiding a Tax Hit

Details: Selling a rental property involves more than just hiring a local real estate agent and holding an open house. In fact, oftentimes it can be more profitable to not sell the traditional way. Changes in the marketplace, existing tenants, repairs, and taxes can make selling more difficult than it …

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Breaking down a profit & loss statement for rental property

Details: A rental property profit and loss statement is divided into three sections: Gross income, operating expenses, and net operating income or NOI: Gross income This section also includes additional income such as pet rent, appliance rent, and revenues from covered parking and laundry room usage in multifamily properties.

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How to create a rental property inspection checklist

Details: Lastly, rental property inspections can be used to ensure the tenant is taking care of the property, and to document any damage being caused by the tenant above and beyond normal wear and tear. What to include on a rental property inspection checklist. A rental property inspection checklist is a key tool landlords use when doing property

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Common Rental Property Expenses & Which Ones Are Deductible

Details: Rental expenses that can be deducted on a tax return include mortgage interest, property tax, operating expenses, depreciation, and repairs. Improvement costs paid for the betterment, restoration, or adaptation of the property to a new or different use must be recovered through depreciation. Rental income and expenses are reported on Form 1040

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Joint ownership of property: How rental income is taxed

Details: Key Takeaways. Rental property income includes items such as normal and advance rent payments and landlord expenses paid by the tenant. Common options for the joint ownership of rental property are with a spouse, a business partner, or as a member of a company.

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Converting a primary residence to rental property

Details: How to defer tax when a rental property is sold. One of the drawbacks to converting a primary residence to a rental property is the tax impact when the property is sold. However, rental property owners have the benefit of a Section 1031 exchange to defer paying capital gains tax and depreciation recapture tax.

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Rental property chart of accounts (free template & resources)

Details: A rental property chart of accounts is divided into five main sections and associated sub-accounts: Revenues: Money received for use or occupation of the property, including rent from tenants, late fees, and additional rent from pets or appliance rent. Expenses: Operating expenses such as property management and leasing fees, repairs and

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The investor’s guide to rental property depreciation recapture

Details: Can rental property depreciation recapture tax be avoided? In our example above, the investor paid $4,000 in depreciation recapture tax and $9,389.53 in capital gains tax, for a total of $13,389.53. Rather than seeing a large percentage of profits go toward taxes, many investors may wonder if there is a way to avoid paying depreciation

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Why investors use a separate rental property bank account

Details: Owning a rental property is a business venture, and having a rental property bank account is a key part of investing in real estate. A bank account for a rental property can help to save valuable time and money, keep personal and business assets separate, and create the professional image that real estate investors look for.

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Is rental income qualified as business income

Details: Qualified business income or QBI is the net income generated by a qualified rental real estate enterprise. A rental real estate enterprise is a pass-through entity, such as a sole proprietorship or limited liability company. In some cases, an investor may be able to claim a QBI tax deduction of up to 20% of the net rental income generated.

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What to know before getting a VA loan for a rental property

Details: The rental income from the remaining 2 units will be $2,000 per month or $24,000 per year. If the borrower’s regular income is $50,000, a lender may add an additional $18,000 to the borrower’s total income – for a total income of $68,000 – when reviewing the loan application. Some VA lenders may also have other restrictions for a rental

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Real estate tax strategies for 2022 [+ the real estate

Details: The real estate professional status historically allowed real estate investors to take unlimited rental losses against their ordinary income. This has now been limited to $250,000 in losses if single (and $500,000 if married) under the excess business loss …

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How to Finance Multiple Rental Properties to Grow Your

Details: Rental Property Portfolios. Roofstock Portfolios are a good way to buy multiple rental properties simultaneously. Many of the homes may be already rented to tenants and generating cash flow and may have certain due diligence performed, such as …

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How to Calculate ROI on a Rental Property to Uncover Good

Details: Other Ways to Calculate Rental Property Returns. In addition to the ROI formula, there are four other ways a real estate investor can calculate rental property returns: Net Operating Income. Net operating income (NOI) is the cash flow a rental property generates after operating expenses but before the mortgage expense is factored in.

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How to Successfully Cash-Out Refinance a Rental Property

Details: Apply for rental property cash-out refinancing While lenders can set their own rules for refinancing a rental property, most follow the guidelines set by Fannie Mae and Freddie Mac. However, some lenders may be willing to work with you on the interest rate and loan fees, depending on your relationship with the bank and the current performance

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Can landlords use Xero for their rental properties

Details: Rental property management software like these help an investor to automatically track income and expenses, balance assets and liabilities, and keep accurate records in case of an audit. Most property management software systems also have features to market a vacant property, screen prospective tenants, sign a lease online, collect rent process

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Understanding Passive Activity Limits and Passive Losses

Details: Passive Activity Limits. Under the passive activity rules you can deduct up to $25,000 in passive losses against your ordinary income (W-2 wages) if your modified adjusted gross income (MAGI) is $100,000 or less. This deduction phases out $1 for every $2 of MAGI above $100,000 until $150,000 when it is completely phased out.

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What is Vacancy Rate and How Should You Calculate It

Details: What is the “Vacancy Rate” in a Rental Property? The vacancy rate represents the percentage of time rental income is lost due to a property being unoccupied during the year. Real estate investors can also use vacancy rate to predict the potential demand for rental property in a particular area, because low market vacancy rates are one

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