Calculating rental property income can be daunting, especially when you are new in the world of real estate. Guiding you with through process, Kris Krohn shares how you can calculate your rental property income the right way. In accounting real estate, even though the IRS has stacks of rules on how to do the math, there are also a lot of gray areas. Kris talks about the number one mistake people make and how to do away with it. He also shares the importance of understanding mortgage and write-offs, highlighting the importance of assessing if you are going into a good investment or not before diving into any deal.
