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Month: March 2009

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  • Rental Properties: Should I use an accountant or tax preparation software?

Rental Properties: Should I use an accountant or tax preparation software?

One question that I have repeatedly gotten is if accountants are worth it or should a landlord just do it on his own, when it comes to income tax preparation.…

Better ways to track your property income and expenses

The first year I purchased a rental property, I think the “shoe box” method was what I had used most of that year to track the property’s income and expenses.…

Your profit is determined by your purchase price

I just wanted to do a quick post on the importance of paying the right price when you purchase a property. Here is an example. I am bidding on a…