4 ms·
The landlord still pays property taxes on his investment properties. It’s his income tax that is offset.
by frumper 4y ago
The landlord still pays property taxes on his investment properties. It’s his income tax that is offset.
- dexterdog 4y agoBut he passes the cost of those taxes on to the renter because the renter is the one benefiting from the schools/roads/police/fire/etc that the taxes fund.
- frumper 4y agoThat is often true. A vacant rental still owes the taxes though. I can only say my time as a landlord I have not always covered those costs with rental income. Sometimes the property is empty or doesn't command enough income to cover all your costs.