Tax Tips for Landlords and Rental Property Owners

Jose’s Tax Service | Trusted. Transparent. Tax-Smart.

Owning rental property is a great way to build long-term wealth, but it also comes with complex tax responsibilities.
At Jose’s Tax Service, we help landlords maximize deductions, stay compliant, and avoid red flags — whether you have one rental or a full portfolio.

What Rental Income You Must Report

The IRS requires you to report all rental income, including:
– Monthly rent received
– Security deposits you kept
– Lease cancellation fees
– Payments from tenants for services (e.g., lawn care, utilities)

Deductions You Shouldn’t Miss

Rental property offers generous deductions — if you know where to look:
– 🔧 Repairs and maintenance
– 🧾 Property taxes and mortgage interest
– 🧼 Cleaning, pest control, and landscaping
– 🛠️ Depreciation of the property and appliances
– 💼 Property management fees
– 📱 Phone, mileage, and office supplies
– 🏢 Home office if you manage the rentals yourself

Jose’s Tax Service tracks and categorizes these for you — so you keep more of what you earn.

Passive Income ≠ Passive Attention

Even though rental income is considered “passive,” you still need to actively manage your records, receipts, and expenses.
We recommend landlords use a bookkeeping system like QuickBooks or Stessa to log income and categorize expenses monthly.

Watch Out for These Common Landlord Mistakes

🚫 Forgetting to claim depreciation
🚫 Not tracking mileage for property visits
🚫 Reporting improvements as repairs
🚫 Paying contractors without collecting W-9s
🚫 Not issuing 1099s to vendors

What Jose’s Tax Service Offers for Landlords

– Year-round tax support and strategy
– Help determining what’s a repair vs. improvement
– Recordkeeping tools for income/expense tracking
– Year-end preparation and 1099 filing for contractors
– Multi-property portfolio tax planning

Real Results, Real Clients

“I had no idea I was missing so many deductions on my rentals. Jose helped me get organized and lower my tax bill by $3,800 last year!”
— C. Nguyen, Multi-Unit Owner, New Haven, CT

Own Rentals? Let’s Keep Your Taxes Working for You.

📞 Call 475-254-9373
📍 New Haven, CT – Trusted by Landlords Nationwide
🌐 Visit Josestaxservice.com to book your landlord tax consult