Am I ready to be a landlord? Part 4

Transcript

Once you have implemented a system to ensure your tenants are dependable, what's next?

Hello, and welcome to another WIN Home Inspection video blog.

Before you're ready to be a landlord, you need to know about the tax benefits. As the owner of rental property, there are a number of advantages available. You can write off mortgage interest and real estate taxes.

In addition, you can deduct expenses typically associated with being a landlord, such as insurance, general maintenance, repairs and utilities. Depreciation of rental property value is another factor that can work to your advantage during tax season.

Stay tuned for more tips on becoming a landlord!