Most people don't like to think about their taxes until April, and that can result in making many costly mistakes. Your taxes affect you every day, so being mindful of how the government claims its share of your money is a good way to ensure you are getting the most from your earnings.
Having rental property is a common way for many people to generate additional income. You may find yourself interested in this type of venture due to recently inheriting property or due to purchasing property specifically as a rental. While excited about your new income avenue, you likely also know that acting as a rental property owner and landlord will involve a considerable amount of work.