Property Management Software!

Many people get confused about how to treat points, so I hope this post is helpful. In this blog, I am focusing particularly on what to do when the Points are Paid by the Buyer. For Points Pre-Paid by the Seller, read my previous blog... A point is interest that has been pre-paid in an effort to...

Many people get confused about how to treat points, so I hope this post is helpful. In this blog, I am focusing particularly on what to do when the Points are Pre-Paid by the SELLER during a property SALE. For Points paid by the Buyer, wait for my next blog... For treatment of points after refin...

I know a lot of you use a home office for your business, so I hope this tip is useful for you... If you used a portion of your home exclusively and on a regular basis as your principal place of business, then the expenses for your home office are considered deductible. Even if you store things i...

If you give gifts in the course of your business, you can deduct all or part of the cost, but you cannot deduct more than $25 for each business gift that you gave away during the tax year. A gift that is intended for the eventual personal use of a person or class of people is considered a gift. ...

One thing that we do really well is respond to people who comment on OUR blogs... Of course, it's the right thing to do! If someone takes the time to go out of their way and read your blog, and post a comment on your blog, that's obviously a nice gesture... You should at least take the time to co...

I hope you're all done with your taxes... if not, do you really have time to read this??? Well, for whatever reason, you might be interested, so here's another tax tip I'd like to share. Here's a bright idea: Pay your kids to do some of your work (like on properties you own), and put the money i...

Start-up expenses are costs incurred while creating a business or for investigating the creation of an active trade. This includes expenses incurred when acquiring an existing activity. Business start-up expenses are usually capitalized, but you can elect to deduct up to $5K of business start-up...

I received a message today, and I thought it was incredibly interesting. I forwarded it to everyone I know, and I thought it would be nice to share with everyone here. It's about a guy who has been working in the petroleum business for 31 years, and his tips on pumping gas. Sounds almost like it...

Buyers, Sellers, HOMEOWNERS AND INVESTORS !!! I looked through over 100 Realtor websites today. You might ask why - I'll get to that in just a bit. This is one of the common things that I saw: Let me guess: you were trying to make it easy for the buyers to get to the buyer section, and the seller...

When traveling away from home on business, you may incur expenses for meals and entertainment. You can deduct 50% of meal and entertainment costs incurred when traveling locally, overnight, or long distance for your rental (business) activity. So if you get hungry driving across town while going...