Rental properties are typically, but not always, classified as passive income. This comes with some incredible benefits when compared to many other income types.

Depreciation is a fantastic write-off, but it only applies to buildings- not land. Here are three approved ways to calculate how much land value to allocate for your property.

If you are converting your primary home to a rental property-you need to know this rule for setting up your depreciable basis. Don’t miss this common mistake!