rental property: How To Determine A Good Rental Property - 07/26/17 07:23 AM
What makes a good rental property? Your goal should be to distinguish between a good and bad investment. You can make an in state out out of state investment and become an absentee landlord.
First you want to determine your area. Here are three key elements in finding a rental property.  
Risk First ask yourself how comfortable are you with risk? You need to be able to understand properties are typically rated with letters A-D. An A class are would be a great neighborhood, with top school districts, and a very safe place to live. With a top area, expenses … (3 comments)

rental property: First Things To Do After Closing On A Property - 07/18/17 07:57 AM
Have your first property under contract or considering buying a rental property? Congrats! If you plan on self managing, what should you do first? Here are some tips to get you started on the right foot.
 
Treat It At A Business Not A Hobby
Remember you are running a business, treat it as one. Keeping documentation is key. You can chose to keep paper copies, but also scan and keep electronic files so you can’t physically lose the paperwork. Creating a binder with your mortgage, taxes, water/sewer, and tenant info is a great idea.
 
Inheriting Tenants/Finding Tenants
If you are inheriting tenants, contact … (4 comments)

rental property: Do You Know These 9 Tax Deductions For Your Rental? - 07/12/17 02:50 AM
Considering buying a rental property? Here are nine must know tax deductions for your rental.
Items used for Property – Items such as rakes, hammer, and snow blower (all used for your rental property) can be tax deductible. Make sure to keep track of all receipts.
Credit Card Interest – Ideally, create a separate bank account for the rental. It will be much easier to see income/loss. The credit card interest is also a write off.  
Home Office Deduction – You technically become a business owner when you own the rental apartment. If you use some space in your … (1 comments)

 
Steve Bracero, First Time Homebuyer and Investor Specialist  (Heisler and Mattson)

Steve Bracero

First Time Homebuyer and Investor Specialist

Shrewsbury, MA

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Heisler and Mattson

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