Investment Properties

Real Estate Agent with Keller Williams Realty Signature Partners

The Benefits of Owning Rental Properties

With tax season here, I thought this would be a great opportunity to share some valuable information for those of you that may be thinking about purchasing rental properties.  You may be eligible for a number of tax write-offs by claiming the following deductions on a Schedule E.  Always keeping strict records of expenses can save thousands.  Feel free to share this information with anyone you feel may benefit.

Advertising Costs,

The money you spent on advertising your rental property can be written off.


The costs of traveling to your rental property for business reasons can be written off.


The cost of repairs can be written off in the year that you made them. The cost of improvements to your rental property must be depreciated (or deducted over several years).

Cleaning Expenses

Expenses related to the cleaning of your rental property can be written off.

Other Tax Write-Offs

Other tax write offs include yard maintenance, rent you paid on the property, utilities, supplies, attorney fees, property taxes, insurance and homeowner fees.


Comments (2)

Ken's Home Team LLC. | 360.609.0226 | Portland, OR & Vancouver, WA Real Estate Team
Ken's Home Team LLC. - Vancouver, WA

nice post great job, Thank you, My CPA was telling me I need to increase my investment ptoperties

Mar 12, 2010 12:51 PM
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.

Very good points and a bookmark of things to keep up with. As agents we should all consider owning investment properties.

Mar 12, 2010 01:42 PM