Rental Property

[Jennifer73087]

I am new to having a rental property and want to know if there are exemptions that I could be maximizing that are outside of the typical HOA, mortgage taxes, repairs, etc.. Thank you!! 

[RobertB4444]

If you think of your rental property as a business then all of your necessary and regular expenses related to the property are deductible.  Just like a business you are also entitled to deduct the mileage necessary to drive over to your rental property and inspect it (that's one folks often forget).  But really it's just the expenses to operate the house.