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Tax Write Offs for Rental Properties

Blog by | January 30th, 2012

  • For all my clients with rental properties:

    Tax Write-offs - Allowable expenses include:
    - Advertising
    - Mortgage interest (not payments)
    ... - Property taxes
    - Repairs and maintenance
    - Utilities
    - Office supplies (receipt books, etc)
    - Travel (for you to do or supervise repairs at the unit but these are limited to airfare and rental car - no hotel)
    - Insurance
    - Management fees
    - Professional fees (except for the sale and purchase)
    - Strata fees and levies