That’s why VISA charges as much as 18% to 24%: Collecting high interest from some customers reduces its losses when other customers don’t repay their loans.)Reason #4: Mortgage interest is tax-deductible.Not only are mortgage loans low in cost, the interest you pay is tax-deductible.

During the first week of the month, like most landlords, I'm tasked with collecting rent, paying bills and utilities, and as always, looking for more property to acquire.I have never expensed lunch when i'm out and about running these "errands" but a fellow landlord told me that he was deducting the normal 50% of the cost of meals when tax time rolls around.For example, my friend leaves his office at 10am, and drives to a property and collects rent from 6 tennants. 11am, he drives to a 2nd property to collect rent from 4 tennants.

The lender can service the note themselves, collect payments and compute a payoff when needed, or there are companies that will do it, too.Jon

I do also always have a fully collectable written contract.

Also, they expect small scale landlords to be much more lax when collecting rent and/or evicting.

It's a collection of the best flipping info from the site.Oh - and don't forget to set up your Keyword Alerts!

I will figure it out whether/how to get deduction and keep you posted.Noted on collecting more information on owners.Thanks,Emma

Unfortunately I'm not renting in Hampden, the screening process does little. job good, rent history good, no criminal records or active collections cases, current rented home good shape, all seem to be completely immaterial.

Chris Sweeney my red flags are probably the same for most landlords - criminal history, evictions, poor credit and collections.

I collected rent and made some money.