Learning Center

Organize Your Rental Finances with a Rent Roll Life moves fast as a landlord, so it’s not always easy to stay organized. You likely deal with a lot of numbers, transactions, and bookkeeping tasks every day. It can be difficult to keep a detailed record of where all your rental income is coming from. But […]

Using a Real Estate Pro Forma Statement for Rental Properties Investing in rental properties requires a thorough understanding of financial projections and potential returns. One vital tool for making projections is a rental pro forma statement, which helps you analyze a property’s profitability before making a purchase or during property management. This document provides a […]

Connect Your Innago Account to Ledgre At Ledgre, we know the clock is ticking toward tax season. The April deadline to get financially organized is creeping closer. To better prepare you for this hectic time, Ledgre has now partnered with Innago—a leading property management software platform—to make rental property accounting simple. Innago is free property […]

We’re excited to announce that Ledgre is now live! Ledgre is all-in-one accounting software for rental properties. We offer powerful but simple tools to help you manage your rental property finances during tax season and year-round. Taxes Aren’t Intuitive, But Tax Tools Should Be There are many accounting and tax tools on the market, but […]

Tax Deductions All Landlords Should Know Managing rental properties is a lucrative opportunity, but it comes with its unique set of financial and operational challenges. Among these is understanding and utilizing the various tax deductions for rental property available to landlords. From maintenance costs to software fees, knowing what qualifies as deductible rental expenses can […]

Taking Advantage of Common Tax Deductions For Short Term Rentals If you’re a short-term rental property manager looking for Airbnb tax deductions and the like, then look no further. Below, we’ll discuss a few common short term rental property tax deductions, how to qualify for them, how to report them, and anything else you might […]

Deductions For Your Start-Up Expenses This Tax Season Starting a rental property business can be difficult and costly. Before you even open your doors, you may have already spent thousands of dollars readying your business for its opening. It may feel never-ending and downright stressful, but luckily for you and for many other business owners, […]

Your Guide To Deducting The Cost Of Meals And Entertainment Picture this: you meet with a prospective business partner at a nice restaurant for dinner to talk business. Things go great, and by the end of the night, you politely reach for the bill while vaguely remembering something you read online about business meals and […]

Landlord Insurance Tax Deductions In the midst of tax season, understanding what expenses do and don’t qualify as deductions for your rental property business can be tricky. You want to maximize your profits of course, but carefully and legally. If you’re wondering whether landlord insurance premiums can qualify as deductions on your taxes, then the […]

Depreciation Deduction For Landlords Owning rental properties offers many financial benefits, including the ability to claim tax deductions for a variety of expenses. One of the most significant yet often misunderstood deductions is for rental property depreciation. Depreciation allows you to recover the cost of wear and tear on your property over time, reducing your […]

Deduct Employee or Contractor Wages Owning and managing rental properties often involves hiring employees or contractors to handle tasks like maintenance, repairs, cleaning, and tenant management. These expenses can quickly build up, but the good news is that wages paid to employees and fees paid to contractors are typically tax deductible expenses. If you’ve ever […]

Deduct Rental Business Home Office Expenses Managing rental properties involves more than collecting rent. It also requires organization, communication, and administrative work. For many property owners, a dedicated home office is essential for keeping their rental business running smoothly. The home office deduction is a valuable tax benefit that allows you to deduct expenses related […]