End Of Year Real Estate Tips Part 2
Q: Gerald, I’m a real estate professional. Do you have any year end real estate tips for me? Lance, New Bedford, MA
A: Hi Lance, last week I mentioned that you can reduce your tax burden as a real estate professional for this current tax year by paying more of your business-related expenses before the end of this year and by deferring some of your income til next year. Here are 3 more year-end real estate tips that’ll get through the winter:
1) Flush your water heaters. This is a cheap and easy procedure that only costs about $30. Flushing water heaters helps to control the buildup of mineral deposits, resulting in a more efficient heater.
2) Service oil or gas heaters. This is an annual necessity.
3) Inspect your roofs. Leaking or collapsing ceilings are a nightmare to deal with.
Thanks for your question, Lance. Good luck.
For more real estate tips and information visit my blog at geraldlucas.com.