Property Management Blog

Real estate investors need a firm understanding of rental property and business taxes to maximize returns. When preparing for the next tax season, keeping track of revenue and expenses should be part of your year-round processes.  Some rental expenses can become valuable deductions to boost the benefits of a real estate investment property. Our Palm Springs property management professionals put together some tips below to help landlords maximize every deduction every year at tax time! Read below, and make sure you have an excellent record-keeping system in place for your rentals. Understanding What You Can Deduct When you receive rental income from a rental unit, such as a home, apartment, or another dwelling, rental expenses may reduce the profit in your pocket throughout the year. However, certain rental costs help reduce your tax liability at the end of the year and boost your returns. Knowing what you can (and can’t) deduct keeps you compliant with

Sometimes there’s a misconception that a property manager “takes over” a rental in a way that leaves a rental owner without any control over the property, tenants, or income. If you’ve ever had questions about property management because turning your investments over to strangers triggers fear of losing control, we hope to quell those fears today!  The right Palm Palm Springs property management company supports rental property owners with expert services that maximize returns. However, a property manager never takes ownership of your rentals or leaves you out of the loop when operating the property. Check out five critical ways that real estate investors receive crucial support from expert rental managers for more success! Property Managers Are the Resources Owners Need for Success The best property management companies in Palm Springs, California, have experienced staff handling every aspect of a rental. This includes marketing, tenant screening, lease agreements, maintenance, and more! When handling a rental on your own becomes