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Landlords have a duty to declare rental income on their taxes. However, if you’re a newbie, this process can prove to be intimidating. What’s more, you may not be able to know what deductions you qualify for. Increasing your tax savings is now more important than ever considering the events of the past few years. Such events included the ending of eviction moratoriums, record-level rents, and other financial uncertainties leftover by the Covid-19 pandemic. In today’s article, you’ll learn everything you need to handle tax season. Cash Basis vs…

The need to be a long-distance landlord can come unexpectedly. Your job may require you to move to another state or you may need to relocate to be closer to family. As a result, you may wonder what to do with your current property. Instead of risking selling your home in a bad economy, you may decide to turn it into a rental home. This can be a great option for those looking to earn passive income as they wait for the market to be in the seller's favor. Once you’ve made the decision to turn the property into a rental, you now face the challe…

Tenant complaints are an inevitable element of leasing out your property. Even with the best-maintained property in the neighborhood, there’s always a chance for minor conflicts to arise. That said there are steps you can take to maintain an amicable atmosphere? Known for their passion for real estate, the team from Evolve Real Estate and Property Management has put together this article. Continue reading to find out how to solve the top complaints from tenants. By following these tips, you can ensure that your tenants stay at your property …

Did you become a landlord by design or by default? Either way, following a few simple rules, can help you maximize your income and protect you against potential legal issues. The following are the 8 mistakes you’ll want to avoid as a landlord. Mistake #1: Not Having a Written Lease Agreement A lease agreement is a contractual legally binding document between you and your tenant. It runs for a specific length of time and highlights important rules that your tenant must abide by. Therefore, without having one, it’ll be nearly impossible for you…

Similar to any other industry or sector, the property market has its own set of unique terms and acronyms. Understanding the real estate jargon is key if you’re an investor looking to sink their funds into a property. Without an understanding of these terms, it’s easy for an investor to feel overwhelmed. To help you make sense of these terms and communicate effectively with other real estate professionals and service providers, the team from Evolve Real Estate and Property Management has put together a few key terms that every potential prope…