Advertising Costs

The money you spent on advertising your rental property can be written off.

Travel

The costs of traveling to your rental property for business reasons can be written off. Keep a mileage log and use the IRS standard mileage rate for simplicity.

Repairs

The cost of repairs can be written off in the year that you made them. The cost of improvements to your rental property must be depreciated (or deducted over the useful life of several years as established by the IRS).

Cleaning Expenses

Expenses related to the cleaning of your rental property can be written off.

Other Tax Write-Offs

Other tax write-offs include yard maintenance, equipment rental, utilities, supplies, attorney fees, property taxes, insurance and homeowner fees.