Landlords Guide to Depreciation and Expensing

As a landlord, understanding depreciation and expensing is crucial for managing your rental property finances efficiently. Depreciation allows you to deduct the cost of purchasing the property over its useful life, while expensing enables you to write off immediate expenses related to the property. In this guide, we will explore the nuances of depreciation and expensing for landlords, provide state-specific considerations, and offer practical examples to clarify these concepts.