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When you own investment real estate, tax deduction management is a big part of your profit-generating strategy. However, not all landlords understand the full extent of their tax deduction opportunities even when they are fully and aptly managing a portfolio of rental properties. So whether you're just getting into the game or are looking to hone your tax deduction strategy, we've put together a comprehensive non-state-specific list of all the different ways you can legally and rightfully deduct taxes related to your rental property management …

Tenants leave things behind all the time, and dealing with those left-behind possessions is not always easy. Landlords are bound by law to handle abandoned possessions in a specific way based on the laws of the state. If your tenant has recently left a bunch of stuff behind or even just a few specific items, you'll need to follow your state's mandated procedure exactly in order to stay within the bounds of the law. Fortunately, most states vary only in small details like time limits and very specific limitations. We can give you the gist of the…

There is no substitute for an effective property manager. A highly skilled, resourceful property manager can save owners and investors thousands of dollars and can help establish a good name for your rental complex. But top-tier property managers are not always easy to spot. The key is to know which qualities combine to make a successful property manager. Below are the top four qualities to seek in an effective property manager. 1) An outstanding industry reputation The path to finding an effective property manager begins with a careful evaluat…

If you own a rental property, then you know the importance of screening your tenants effectively. You can determine if a potential tenant will be able to pay rent on time consistently just by looking at the details of their credit report. If you find that the tenant has no credit history, you can require a co-signer to assist the tenant with rental payments. Tenant screening also protects your neighborhood because you'll find out if a potential tenant has a criminal background. Here are five ways to screen tenants effectively, outside of standa…

In today’s economy, there are a lot of people getting into real estate and property management. Many of these people get right back out when they aren’t instantly successful, or when they find out how much work and organization it actually takes to run a successful property management company. Many of the companies that stay in business simply follow a formula for mediocrity that makes them all, more or less, the same. In this real estate jungle, Reedy and Company Realtors stand out from the rest in many areas. Firstly, Reedy and Company Realto…