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A quick reference for residential investors from WILMOTH Group. Providing creative solutions, strategy, services and support in the residential investment community since 1994.
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“Success is not final, failure is not fatal: it is the courage to continue that counts.”
– Winston Churchill |
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Real Estate Tax Tips for Landlords |
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As a landlord, navigating the world of real estate taxes can feel overwhelming. However, understanding the tax implications that come with owning rental property is critical to maximizing your profits and avoiding any unexpected costs. This blog post provides essential tax tips for Indianapolis landlords to help you manage your finances effectively, make informed decisions, and take full advantage of potential tax deductions.
Whether you’re new to property management or a seasoned investor, these tax tips are designed to save you time and money while ensuring you remain compliant with the tax laws surrounding real estate. Let’s dive into the details and uncover how you can best manage your rental property from a tax perspective.
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Spring is Almost Here!
In climates with four seasons, Spring elicits the most excitement! After the dark and gray of winter we look forward to warmer temperatures, blooming flowers, and those April rain showers.
Here in Indiana, we have seasonal Spring maintenance we recommend to extend the life of mechanicals as well as prevent potential future issues. We recommend servicing of your HVAC system (furnace and AC), flushing water heaters, power washing exteriors, as well as cleaning the gutters & adding gutter extensions (if not already present) to ensure property drainage from rainfall.
If you would like to have any of these services completed at your property, please send an email to: owners@wilmothgroup.com with the email subject line "Spring Maintenance." In the body of the email, please include the addresses you would like to have services completed at as well as listing the service(s) you would like our vendors to complete.
It is also time to consider the landscaping condition of your properties! This is more of a visual or cosmetic consideration for your property, but exterior upkeep of your property will keep it looking nice and improve the value of the property and appeal to potential renters. If you would like to discuss completing some landscaping work, please send an email to: owners@wilmothgroup.com and include the subject: "Spring Landscaping Quote." In the body of the email, please provide the address(es) you would like to obtain quotes for landscaping work as well as what work you may be looking to have done. This could include anything from basic weeding to extensive mulching/rock installation.
We appreciate your continued partnership and are excited to enter into Spring together! |
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Why WILMOTH? A Code of Ethics To Guide Property Management Ops
As members of the National Association of Residential Property Managers (NARPM), our company participates in regular Code of Ethics training. These are the standards of membership for the largest residential property management organization in the world.
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Want To Grow?
WILMOTH helps investors with much more than just property management. If you are looking to grow your portfolio, we are your partner in the acquisition process.
Here is how to put our market expertise to work for you! |
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| Questions? Own a property that is just not performing? Ready to increase your portfolio? Or just want to discuss anything? Let us know and we will get right back to you! |
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