Review our full glossary for an in-depth discussion of rental property accounting terms. You don’t need to be a lawyer or accountant; just stay informed. Include a property manager, CPA, or lawyer in your advisory team. They’ll update you on tax laws affecting your properties and business. What records should I keep? By understanding the returns on various properties, owners can prioritize investments, allocate resources effectively, and maximize profitability. It’s a strategic approach that ensures the…