Screening tenants should involve all the necessary checks and systems. You’ll want to run a credit report and do a criminal history check. You’ll want to talk to former landlords and verify employment.
Renovating a rental property may seem like an unnecessary expense. After all, you’re not living in the property yourself, so why invest in upgrades and updates?
There are several tax benefits to owning investment property, and one of those benefits is depreciation. While it can save you a lot of money at tax time, not every property owner understands how it works or when to use it.