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Is It Too Soon for Landlords to Start Thinking About Tax Write-Offs? No

Are you a landlord and are thinking about the top tax write-offs for 2018? If so, as the top company in Ventura that specializes in rental services we can tell you that it’s never too early to start thinking about tax write-offs for the year.

In this article, we will share with you the top tax write-offs that you don’t want to miss taking advantage of:


Depreciation can be defined as a process of viewing the wearing of your property or building as an expense. Even though you may not feel that your rental property is technically “wearing out”, accounting principles do allow you to deduct the eventual costs that come with maintaining a property through the use of depreciation.

To determine what the depreciation should be for your building you should speak with your accountant or tax professional.

Factoring depreciation is fairly easy. Most CPA’s depreciate the rental property value then minus the cost of the land over a period of 27.5 years. This is also known as straight line depreciation.

Mortgage Interest Deduction

Did you know that you can deduct the interest that you’re paying on the mortgage for your real estate property?

There is more than one way you can do this. You can deduct the points plus the loan origination fees. It’s also possible for you to deduct interest that you’re paying on unsecured loans, credit cards, credit lines and interest on loans that you’re paying for your property.

Every time you make a loan payment o your bank for your rental property you’re actually paying two components. Principal and interest. This can be verified by reading your monthly statement.

Sadly, you cannot deduct the principal portion but you can deduct the interest portion of your payment.

Example: Let’s say that with each loan payment you’re paying $800 in interest. Over a period of 12 months that interest adds up to an annual deduction of roughly $9,600!

Need Ventura CA Property Management? Contact Us!

Need property management for your Ventura CA Rental Properties? Contact Utopia Property Management at (800) 294-4656 or connect with us online.

Elly Johnson stands at the forefront of content research and online branding at Utopia Management. As the Content Marketing Manager, she delves deep into understanding local real estate and rental markets, fueled by her passion for travel and keen research skills. Elly is dedicated to empowering individuals with the knowledge they need to make informed decisions about where to reside. A proud alumna of the University of South Florida, located in the vibrant heart of Tampa Bay, she holds a Bachelor of Arts in Psychology. Her academic background and extensive travel experiences uniquely position her to provide insights that resonate with diverse audiences.

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