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Owning rental property can be a powerful way to build long-term wealth—but understanding potential tax considerations is just as important as day-to-day operations. While Oracle Property Solutions does not provide tax or legal advice, we help ensure your financial records are organized, accurate, and ready for your tax professional.

Below is an informational overview of common rental property expenses owners often review with their CPA or tax advisor. Always consult a qualified tax professional to determine what applies to your specific situation. ✅

🏠 Common Rental Property Expenses Owners Often Ask About

🔧 Repairs & Maintenance

Routine costs associated with maintaining a rental property are commonly discussed with tax professionals, including:

• Plumbing or electrical repairs

• HVAC servicing

• Painting between tenants

• Appliance repairs

• Lawn care and seasonal maintenance

👉 Important note: Repairs differ from capital improvements, which may be depreciated over time.

🧹 Turnover & Leasing Costs

When preparing a property for a new tenant, owners often incur expenses such as:

• Professional cleaning

• Carpet cleaning or replacement

• Lock changes

• Marketing and advertising

• Leasing or placement fees

These costs are typically reflected in owner statements and year-end summaries.

🧾 Property Management Fees

Monthly management fees, leasing fees, and renewal fees are commonly reviewed with a CPA as operating expenses.

At Oracle, we provide clear monthly reporting and year-end statements to help streamline tax preparation 📊.

🏦 Mortgage Interest & Financing Costs

While mortgage principal payments are not deductible, mortgage interest and certain loan-related fees may be reviewed with your tax professional, including:

• Mortgage interest

• Loan origination fees (amortized)

• Certain refinancing costs

🏛️ Property Taxes & Insurance

Owners frequently ask about:

• County and local property taxes

• Landlord insurance policies

• Umbrella policies related to rental operations

These items are generally included in annual financial reporting.

🧮 Depreciation (A Key Consideration)

Depreciation allows owners to potentially spread the cost of a rental property over time. While Oracle does not calculate depreciation, we provide accurate documentation that CPAs rely on, such as:

• Capital improvement records

• Placed-in-service dates

• Detailed expense tracking

📌 Depreciation rules vary—professional tax guidance is essential.

📂 Why Good Property Management Matters at Tax Time

Oracle Property Solutions supports owners by:

• ✅ Maintaining accurate financial records

• ✅ Tracking income and expenses by property

• ✅ Providing detailed owner statements

• ✅ Supplying clean data for your CPA

We don’t offer tax advice—but we make sure your information is organized, transparent, and reliable.

📬 Important 1099 Reminder for Owners

If you received rental income through Oracle Property Solutions during the tax year:

📌 1099 forms will be issued by January 31st

To avoid delays:

• ✔️ Please ensure your mailing address is up to date in your owner portal

• ✔️ Notify our office promptly of any address changes

Accurate information helps ensure timely delivery and compliance.

⚠️ Important Disclaimer

This content is for general informational purposes only and does not constitute tax, legal, or accounting advice. Tax laws vary by location and individual circumstances. Always consult a licensed CPA or tax professional for guidance specific to your situation.

🤝 Partnering With Oracle

Smart investing goes beyond rent collection—it’s about clarity, compliance, and confidence. Oracle Property Solutions delivers:

• Professional oversight

• Transparent financial reporting

• Year-round organization—not just at tax time

📩 Questions about your owner statements or year-end reports? Our team is happy to assist.