One Tax Deduction You Never Considered for 2015: Teacher Expenses

Yes, this one’s for you, teachers and educators. All the hard work you do in managing the craziness that is a classroom with ADHD-stricken kids, problematic bullies and the occasional honor student pays off tremendously as long as you do remember that the IRS supports you 100%. We all do. Education is key.

It Would Then Make Sense That Tax Return Education Is a Must

So we’re giving you the keys to financial success in the form of a tax deduction you might never have heard about. Tax returns can be a headache for anyone, not just teachers — this, however, can make the payoff that much sweeter than any Granny Smith or Honey Crisp out there. As you, the teacher, consider your convenient 2-hour tax return without hassle, consider this: you can actually write off your expenses for your classroom. That’s right — up to $250 in sweet tax deductions. That includes:
  • Pencils
  • Notebooks
  • Pens
  • Paper
  • Books
  • Crafts
  • Paint
  • Crayons
  • Calculators
The best part is you don’t have to itemize anything. Just know that if you have a receipt, you can verify it, and perhaps scan it for your own records, send it in, and have the IRS approve it (which would be a breeze), then guess what: you’ve effectively deducted up to that amount on your tax return. That’s serious tax preparation, so get started with your 2-hour tax return right now.

You, the Teacher, Don’t Have to Juggle Taxes, But….

Just don’t forget about getting that apple from the student on the first day of school. All the tax returns in the world can’t make up for that!

What You Need to Know About Seeking Outside Property Management

Don’t be ashamed if you’re an investor — or maybe even a seller or broker — wanting to seek some outside property management assistance. It’s normal in this industry. Sometimes that row of houses can get you way over your head as you focus on all your rental property expenses

Want to pull your hair out, yet? Don’t worry. We do, too. And trust me: this isn’t any April Fool’s joke either.

property values pulling hair out

All Joking Aside, You Might Need Some Property Management Help

Factor in the cost, though, because what matters is your bottom line, right? Your ROI, though, if you play it right will skyrocket the way Avengers’ Iron Man would if all your properties start getting the maintenance they deserve and the buyers/renters they want, though. You’ll then see on social media the selling of homes skyrocketing just as much all because you invested in that outside property management company to manage the rest of the headaches you don’t want to face.

What’s the standard you should look for in terms of pricing? Simply put, you want the cost for property management to be at around 6% to 8% of the monthly rent, and don’t forget to include any re-leasing costs as well if necessary. This could account for maybe half to even a full month’s rent added onto the monthly fee percentage, but when it’s all said and done, you’re not getting way over your head with costs vs. maintenance and quality of the homes.

Talk About a Way to Provide the Best Possible Product

This assists renters in ways only sellers could ever imagine. Quality housing. Sometimes, though, you’ve got get that extra bit of help from some outside property management to make it all happen. When renters get what they want, you do as well.