When you own investment properties, you have to report the funds you collect from rent as income, but luckily, you also get to deduct a lot of expenses. To ensure you keep your tax liability as low as possible, consider implementing the following tips.
1. Use an Expense Tracking App
To ensure you never miss a deduction, you may want to invest in an expense tracking app. There are all kinds of options on the market, but they all work about the same.