How to track rental property expenses

Tracking rental property expenses is important. Sure, this may not be the sexiest part of being a landlord but it's necessary. Every dollar you spend lowers your taxable income. Tracking your rental expenses throughout the year will help. You will thank yourself during tax season. Over the years of being a landlord, owning rental property, … Continue reading How to track rental property expenses

Offensively Building Wealth Through Earnings & Investing

There is no secret formula for building wealth. Simply put, you build wealth by spending less than you make. Then save and invest the difference. Follow these steps and you'll become rich over time. Building wealth is like filling a bucket with money. Wealth is generated when the bucket fills up, and there are two levers that … Continue reading Offensively Building Wealth Through Earnings & Investing

5 Tips to Fill a Vacancy & 2 Tips to Avoiding Future Vacancies

There are many benefits to owning rental properties and being a landlord.  Both the tax benefits and primarily passive income are great. However, being a landlord is not all sunshine and cash flow. Many people shy away from owning rental property because of a potential vacancy, repair or maintenance. Vacancies are part of the business and inevitable. … Continue reading 5 Tips to Fill a Vacancy & 2 Tips to Avoiding Future Vacancies

Q4-2017 Dividend – The Dividend Report

As many of my readers may know, I love dividend stocks and believe dividends provide a great source of passive income. Quarterly, I provide updates regarding my dividend income, dividend goals and if I buy dividend stocks. Using 'The Dividend Report' section of my blog, I share the progress of my goals. I also share dividend growth stock ideas and … Continue reading Q4-2017 Dividend – The Dividend Report