Tax season can be made much easier if you use the tools at your disposal. Learn how to make taxes easier as a landlord with these tax season tips and tools Rentec Direct has to offer.
The end of the year is a busy time for most people. With work, family obligations, and the holidays fast approaching, there is no doubt that you have a lot to do, and more if you also manage rental properties. Among these many tasks is preparation for the quickly approaching tax season.
With tax season coming soon, you may have many aspects to consider as a landlord. Filing taxes for your rental property portfolio can be complicated, but it is nothing to worry about. Use these five tips and resources to make your tax filing experience easy and fast with Rentec Direct.
Use Nelco to File Your 1099s:
Nelco Solutions integrates with Rentec Direct, making e-filing easy. It is one of the best ways to streamline your 1099 tax obligations. With Nelco and Rentec Direct, you can file easily and quickly through the programs’ seamless data transfer functions. These programs also help you maintain compliance with changing laws and deadlines, ensuring that you file correctly.
You can also use this system to process collections, email or print copies of your 1099 forms, and check the status of your forms. With this easy method of complying with e-filing requirements, you can file your 1099s without any trouble, thanks to the help of Nelco.
Learn more: How to File Your 1099 Tax Forms With Nelco | 2025 Live Training Recap
Run Your End-of-Year Reports:
End-of-year reports are a necessity at this time of year. Ensure you utilize your Rentec Direct account’s reporting functions to make it easy. You should ensure you are up-to-date on all of your leases, tenant reports, and insurance policies. In short, ensure your portfolio is organized and in order before the end of the year to make tax filing easier. This will make accounting easier, which in turn streamlines all of your tax-paying responsibilities. Rentec Direct provides a handy checklist to help you tackle all your essential to-dos for the end of the year.
Learn more: End-of-Year Accounting Tasks in Rentec Direct
Use Rentec Direct’s AI Receipt Scanner to Track Expenses:
When filing taxes, having your expenses tracked is a requirement. Tracking your expenses digitally makes tax filing much easier, and that becomes even more streamlined when using the new AI Invoice and Receipt Scanner feature. Simply take a picture of your receipt and upload it to your Rentec Direct software—within seconds, the receipt information is analyzed, saved to your account, and the expense is automatically posted! Through these scanned receipts, you can keep expenses organized and make your deductions and filing process much easier. With the digital organization this function provides, you can easily track and manage your expenses, which makes reconciling accounts and filing taxes a faster and less stressful process.
Learn more: New Feature | Automatically Post Expenses With the New AI Invoice and Receipt Scanner
Understand Landlord Deductions:
Another element of your tax season considerations is the deductions you can claim as a landlord or property manager. As a property manager, your business expenses may be easier to determine. What is considered a business expense can feel somewhat muddied for a landlord, especially since your job is less traditional than most others. When in doubt, consult a CPA. In general, landlords can make tax deductions for:
- Home offices
- Property repairs and maintenance (excluding improvements)
- Car mileage and travel expenses related to work
- Rental utilities
- Insurance
Other related expenses may also be claimed as tax deductions. Many expenses associated with your operating costs can be deducted from your taxes. You should ensure that you are aware of the specific deductions and what they mean for you.
Learn more: Tax Tips for Rental Properties – Rental Income and Deductions for Landlords
Monthly Reconciliations:
Bank reconciliations can be an essential resource for making tax season easier. If you make a habit of reconciling your bank account every month, it will be much easier to file your taxes each year. Your Rentec Direct account’s Bank Reconcile page has several newer tools this year to help simplify and expedite your reconciliation experience, which can make the process of reconciling your accounts a breeze. Be sure to do this frequently so that you aren’t hit with any surprises when tax season comes around.
Learn more: Feature Enhancement | Improved Bank Reconciliation Experience
Final Thoughts:
Filing your taxes can be simple, easy, and fast with the aid of Rentec Direct’s tools and integrations. You can file them digitally with ease, track your income and expenses, and otherwise keep your portfolio organized. Utilize the tools at your disposal to make your job easier with Rentec and our partners.