• What Closing Costs Are Tax Deductible for Rental Property?

    Do you ever catch yourself thinking, “Are rental properties a good investment?” Well, we can tell you with certainty that they are, and for many reasons. Not only does real estate investing boost your wealth and make it cheaper to borrow money, but it comes with numerous tax benefits. You can make dozens of standard…

  • Understanding the Eviction Process in Colorado

    Eviction, or involuntary termination of a lease, is a situation no landlord or tenant ever wants to face. Unfortunately, sometimes the relationship deteriorates to the point where it’s the only option that remains— and when that happens, you’ll want to make sure you have a thorough understanding of the legal ins and outs of the…

  • What is a Reasonable Rent Increase for Your Tenants in Colorado?

    The greater Denver area is a popular, fast-growing area, which means that competition for great rental properties can be fierce. As a landlord, you started renting your property to make a profit, and increases in your costs can leave you with the choice between making less profit or passing on some of the costs to…

  • Should You Require Renters Insurance at Your Rental Property?

    While there is no federal law that requires tenants to have renters insurance, landlords have a right to require their tenants to secure a renters insurance policy before moving onto the property. If you’re a landlord considering mandatory renters insurance, the short answer is yes, it’s a good idea—however, it’s still a decision that requires…

  • Do I Need Homeowner’s Insurance for a Rental Property?

    Data from the Insurance Information Institute (III) shows that between 2017 and 2021, nearly 6% of insured homes filed a claim on their homeowner’s insurance policy. While 6% doesn’t seem like a high number, the average cost of damage was about $15,000. Homes with fire damage experienced over $80,000 in damages!  If you don’t have…

  • What Exactly Does Landlord Insurance Cover?

    If you’re a rental property owner, you probably already know how to set aside a percentage of your rental income to cover general maintenance and repairs. But what are you to do if a storm rolls through and causes extensive property damage? Should you use personal savings, a credit card, or a loan to pay…

  • Top 6 Tax Benefits of Owning a Rental Property

    A 2022 Bankrate survey shows that real estate continues to be America’s favorite long-term investment option. Stocks were close behind in second, and cash investments came in third. It’s no surprise why real estate investing is so popular. Aside from its lower volatility compared to stocks and excellent ability to generate passive income, there are…

  • How Is Rental Income Taxed? What Landlords Need to Know

    Are you a rental property owner or investor? If the answer is yes, you may have questions regarding how the government taxes the income you accrue from your properties. How is rental income taxed, and what deductions can you apply to your returns? Get the answers you need below. How Is Rental Income Taxed Federally?…

  • Missing Out on These 7 Rental Property Tax Deductions?

    Today I’m going to reveal seven rental property tax deductions that could help you make more money from your current real estate investments. If you are a seasoned property owner, then you are probably already taking advantage of these tactics, but I guarantee you aren’t utilizing all of them.