Between flight delays, airport disruptions, and rising medical costs in countries like the US and Mexico, Canadians are also much more aware of the importance of having a comprehensive travel insurance plan that will have their back when they are at their most vulnerable. This is why travel ins...
Rental Income Many investors buy real estate for the steady stream of income that it provides. Whether it's a residential or a commercial property, renters or occupants pay the owner each month until the rental agreement or lease expires. This revenue stream can offer a stable income for ret...
Property taxes represent the local government’s assessments on the value of real estate properties, serving as a critical source of revenue for funding essential public services such as education, infrastructure development, and emergency services. Opting to rent rather than own...
Benefits and drawbacks for rental real estate professionals.Foley, KelliMatthys, RussTax Adviser
Some of the other tax benefits of real estate are more straight forward. 2. Avoid FICA (Payroll) Tax on Rental Income Just like dividends and interest income, rental income is not subject to social security and medicare taxes (aka FICA). While this is not an enormous benefit when compared...
While QuickBooks is an amazing product, it doesn't address the nuanced financial reporting needs of Real Estate Investors. Enter STRATAFOLIO! Their intuitive reporting and amazing user interface connect all the dots...giving you live, real-time financials for your entire rental portfolio. Investors...
Or, if renters in your area prefer to search individual rental websites, they’ll know that they should be listing your condo there, instead. Depending on the size of the company, they may also have a network of other real estate professionals who can work with prospective tenants. With ...
A lease option is an agreement that gives a renter the choice to purchase the rented property during or at the end of the rental period.
Web3 automates the real estate processes using smart contracts that eliminate the need for intermediaries. It saves the cost and time of property traders and improves trust and transparency. Web3 and blockchain applications like NFT, cryptocurrency,metaverse, etc., streamline the real estate workflow...
WCG has a team of real estate CPAs ready to assist you with your rental property and real estate investments. Very few tax professionals and CPA firms specialize in real estate to provide you solid consultation, tax planning including tax reduction strategies, and tax return preparation. We are...