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Archive for November, 2019

Why you should keep records of your financial documents if you rent property

November 19, 2019

Why you should keep records of your financial documents if you rent property

Investing in real estate can make you money, but becoming a landlord who owns multiple property can make you a lot money. As a landlord, you are also a business owner whether you own a few property or multiple property worth millions. One of the great benefits of being a landlord is the tax deduction you can take advantage of. To take advantage of these tax deduction, you have to keep accurate records of important documents relating to expenses and income throughout the year.

Top two reasons…

What documents should I keep after closing on a house and for how long?

November 7, 2019

What documents should I keep after closing on a house and for how long?

When buying a home, first time home buyers may be overwhelmed with the lengthy papers to sign. This paper trail follows you until closing. The paperwork signed up to this point can be intimidating. Many of the documents you sign are mostly for the lender’s benefit, so in the future the lender or seller may avoid a potential lawsuit. You might be wondering why should I even bother to keep any of this paperwork after closing. However, you should keep all copies of the…