In this video, we'll go over important things you should keep in mind when converting a primary residence to a rental property. Make sure to check out DoorLoop today: go.doorloop.com/free-demo-con...
Converting your primary residence to a rental property comes with several great benefits, but there are also some things that are important to know in making that shift. Learn more by checking out this video and reading our blog: go.doorloop.com/convert-resid...
0:00 Welcome!
0:58 Why Convert a Primary Residence To a Rental Property?
1:28 Tax Deductions
1:59 Reporting Income for a Rental Property
2:39 Claiming Depreciation Expense
3:54 Diversify Your Cash Flow And Supplement Your Income
4:38 Managing a Rental Takes Work
5:12 DoorLoop's Property Management Software Features
5:43 Budgeting For Property-Related Expenses
6:18 How To Convert Your Primary Residence To a Rental Property: 5 Important Steps
www.doorloop.com/
www.doorloop.com/features/pro...
www.irs.gov/forms-pubs/about-...
Join our EXCLUSIVE Facebook group for property managers: / 321796322445627
Our social Media:
IG: / doorloopapp
TikTok: / doorloopapp
Facebook: / doorloopapp
LinkedIn: / doorloop
Twitter: / doorloopapp
#propertymanagement #propertymanagementaccounting #propertymanagementsoftware
Disclaimer: This video was produced by DoorLoop and is the intellectual property of DoorLoop. The creator featured in this video is an employee of DoorLoop. All information presented in this video is subject to change and may have changed since the time of filming. These videos are for educational and entertainment purposes and are not offering legal advice. Opinions expressed in our videos do not reflect DoorLoop's stance as a company.
Category: Property Management