Tag Archives: rental home

Energy Incentives For Your Rental Home

     There are several ways to save energy in your home. From appliances to windows, doors, furnaces, water heaters, and light bulbs just to name a few. The state, federal government, and some utility companies encourage us to use lower energy rated appliances and will often times give rebates or tax credits, for purchases of qualifying products.

th-1     It is up to the consumer to research which products qualify. In Oregon you can check the Energy Trust Of Oregon site for cash incentives as well as information on how to schedule a free home energy review by a trained and certified contractor.

     Another great way to check if an appliance is or will be covered under one of these plans is to go directly to the manufactures web page to see which appliances they have that will qualify for some or all of the many incentives offered. For example if your interested in purchasing a new high efficiency furnace you could go to the Bryant webpage and get information on which units will qualify for tax credits or rebates.

     Energy star products can be found at the Energy Star website where you can learn which products qualify, how to apply and what forms you will need to fill out after your purchase and install. Forms are submitted with your taxes for that year for tax write offs and rebates usually have a time limit such as 90 days etc. Check the Forms page of the Energy Star website for more information on how to apply.

     If you purchase an appliance, furnace or water heater that uses natural gas you can also check the NW Natural Gas website for incentives that they may offer. The store or contractor may have information on which products qualify as well so check with them when your shopping around.

     Appliances that earn an Energy Star rating may cost a bit more upfront, but in an overwhelming majority of cases, their operating costs yield big savings over the lifetimes of the products. And while you can’t bank on the government bringing back the now-expired 2011 tax credits, anything is possible in an election year, especially when energy costs are an important voter issue. Regardless, the facts show that Energy Star is working for the betterment of the environment while simultaneously lowering electric bills. Even in our fractured political climate, that’s a platform everyone can agree upon — and incentive enough for all of us to make some major changes around the house not just in 2014, but also in the years to come as well. 

     

 

 

Our Home Is A Reflection Of Who We Are

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Looking for a place to live can be a cumbersome job. Each time you walk through the door your imagining your furniture, your wall hangings and decorations all put in place and this brings a smile to your face. You know its the right house when that great warm homey feeling comes over you. It is the uniqueness of each one of us that makes a house a home. Its that comfortable, warm, safe place we love to be and the creativeness that says; “Welcome Home” every time we enter the door. Tri County Management, LLC can help you find that perfect place and our management services will make sure your always happy with your home. I love to see how the homes are decorated once my tenants move  in. Your style and unique personality shines through and the home becomes your favorite place to be.

Tax Writeoffs For Your Rental Property

Understanding what you can write off of your rental property is so important. This is where your investment works for you. If your not writing these things off your not getting the most out of your property an its value to you may be lost. One of the most important things to know with rental properties is how to balance the income with the repairs throughout the year and lowering your total profits. Owners of rental properties have to pay tax on their total profits. Therefore keeping your rental profits lower will help also. Depreciation / Loss in value, portion of mortgage points, unused points, early pay off points, closing fees. Make sure your writing off all repairs, travel, gas, portion of home office, employees, vendors, casualty, theft, insurance, legal and professional services. Talk to a tax accountant for more specific information regarding rental property write offs and how to claim them on your taxes.  Tri County Management, LLC can help you with all your rental property needs and help you balance your profits with your repairs to lower your taxes.

Investing in property and the importance of the “curb appeal”.

Regular upkeep and maintenance on your rental/investment property is the single most important thing that you should do. Renters drive by and look.  If they don’t like what they see at the curb then they will not want to rent your rental/investment property.  Your rental/investment property can be in a depressed area and still have good turnout and long term renters if the property is in good condition. Consider your property to be the “best on the block” just by having a good curb appeal. Keep your yard mowed and your trees trimmed. Plant a few flowers or blooming bushes. Keep the house clean by pressure washing or painting. Keep the roof and gutters clean. These simple things can keep your home in the rental market no mater where it is! Using a property management co like www.tricountymanagementllc.com can help you  keep up on the regular maintenance and make sure your property is always the “best on the block”.