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Track Every Possible Deduction

Aug 17, 2017 by

Being self-employed means you can deduct business expenses. Many agents don’t realize they can deduct 100% of thier Open House costs, software costs, advertising costs, and more.

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Do You REALLY Need to Track Your Mileage?

Aug 2, 2017 by

Yes, if you want to claim this deduction (up to $ 500 per 1K miles). If you drive more than 10K/year, the IRS requires a detailed log with date, time, mileage and purpose of the trip.

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Incomes Need to Rise at This Pace to Stay on Track With Rents

Apr 8, 2017 by

Rent raised? You’ll need a raise.

According to a new analysis by Zillow, the average renter would need his or her income to grow by $ 168 to keep up with an expected 1 percent rise in rents over the next year. Many renters, however, would need more—in some cases, much more—to keep costs manageable.

Renters in Seattle, Los Angeles, Boston, Sacramento, and Orlando would be in need of the biggest pay bumps, according to the analysis. In Seattle, renters would need an additional $ 1,248, while in Orlando, renters would need an additional $ 672.

Renters in San Antonio, Detroit, Las Vegas, Austin and Columbus would be in need of the smallest—$ 84 in San Antonio and $ 264 in Columbus.

“For a long time now, renters have faced an affordability crisis when it comes to housing, and renters in some hot markets will still need significant raises just to keep up with rising rents,” says Dr. Svenja Gudell, chief economist at Zillow. “Incomes have a ways to go to bring rental affordability closer to historical levels, but recent gains are being met with slowing rent appreciation—a welcome sign for renters.”

Appreciation is grinding to a halt in many major metropolitan areas—conditions which, combined with growing incomes, make them ideal for renters. These include New York, Chicago, Houston and Miami, according to the analysis.

For more information, please visit www.zillow.com.

For the latest real estate news and trends, bookmark RISMedia.com.

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