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Real Estate Training & Coaching School

How does Depreciation work with rental properties?

Real Estate Training & Coaching School

Real Estate Training & Coaching School

Business, Careers

4.7669 Ratings

🗓️ 30 January 2018

⏱️ 31 minutes

🧾️ Download transcript

Summary

You can deduct your rental expenses from any rental income you earn, thereby lowering your tax liability. Most rental property expenses – including mortgage insurance, property taxes, repair and maintenance expenses, home office expenses, insurance, professional services and travel expenses related to management  – are deducted in the year you spend the money. Schedule A Free Coaching CallVisit Tim & Julie Harris OnlineListen on iTunesListen on Stitcher

Transcript

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0:00.0

Welcome to Real Estate Coaching Radio, starring award-winning real estate coaches and number one international bestselling authors, Tim and Julie Harris.

0:21.2

Real Estate Coaching Radio is the nation's number one daily radio show for realtors

0:25.9

who demand authentic real-time coaching.

0:29.1

Get ready for fluff-free, unfiltered, full-strength honesty about what's truly working

0:34.0

to get you into action, helping others others and making money now in today's real

0:38.6

estate market.

0:39.8

Now to our hosts, Tim and Julie Harris.

0:45.4

Welcome back to Real Estate Coaching Radio and Julie and I are going to be focusing on how

0:49.8

depreciation works with rental properties today.

0:52.9

Be ready to take lots of notes. We've been getting

0:55.5

great feedback on this topic and we really certainly appreciate you guys letting us know we're on

0:59.1

the right track for you. We are also going to be based on your feedback doing a series of podcasts

1:04.4

of other things that you should know so that you can have easy, you know, had easy articulate

1:09.9

conversations with just about anybody for

1:11.7

example we are going to be talking with you guys about how to do high-end mortgage financing

1:17.7

there's a lot of questions about jumbo and super jumbo mortgages and we're also going to be talking

1:22.4

about construction phases a lot of you have questions about new construction. You have questions

1:27.9

about working with semi-custom and full custom builders. And so we're going to be going through

1:31.8

all that. And our intent is not to give you every single last piece of information when we go over

1:37.1

these topics so that you become an expert. Our intent is to give you enough information so that

1:41.9

you're dangerous so you can have a conversation.

1:48.9

And then if you find somebody who's interested in perhaps a high-end jumbo mortgage or, you know,

...

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