Model house with a key and keychain on a wooden table, symbolizing real estate or homeownership.
Tax documents and a mileage log on a desk, including a Form 1099-MISC and a pen.

Savings: Tax Deductions

Since your property management cost is an operating expense for your rental business, it’s usually tax deductible. This means that even though you’re paying upwards of $2000 a year per property, you can claim it on your taxes as a write off.

For example, if you are in a 25% federal tax bracket and 10% state tax bracket, that would bring your total cost down from $2000 a year to roughly $1,300. Maintenance is also a property management cost that is tax-deductible. 

Property Owners, Applicants, and Tenants Can Get Free Information Today…