A good property manager can help with tenant screening, enforce lease terms, and handle evictions more efficiently if it comes to that.Require a Larger Security Deposit: Within the bounds of local regulations, a larger deposit can provide a cushion in case of damage or unpaid rent.Consider Rent Guarantee Insurance: Some companies offer insurance products that can cover lost rent in case of tenant default.

I manage properties remotely and can handle all the leasing/management pretty easily with my team.

Yet, many investors overlook simple strategies that can significantly reduce their tax liability.

Do you use any tools or services to automate the process, or is it something you manually handle?

How would you handle the situation if you ever encountered one?

I have great tenants but my property taxes have increased significantly so my net cash flow each month is reduced.

It is a new construction where they will not reduce the price in lieu of broker commission to keep their comps high.

@Will Almand A cost segregation (cost seg) study can accelerate depreciation on your properties, reducing taxable income by reclassifying components (e.g., appliances, HVAC) into shorter-lived categories.

I am not sure how to handle this situation?

-Signing lease agreements via portalI am working on  automating and hiring a VA to handle all advertising, applications, and lease agreements.Allowing my onsite managers to focus more on the day to dayI looked into Rentalutions but I'm cheap!!