Taxes and insurance aren’t something most of us would choose to spend much time reading about, but they are very important.

The courts often see the landlord as being all-powerful if not greedy and mean, and these lawsuit-happy times, it’s important to have the right insurance coverage.

That’s not to speak of the insurance you’ll want to have in place to help you recover in the event of a disaster that might harm your property.

Lessons In This Module

  1. Module 12 – Introduction
  2. Why You Need Insurance, Liability Insurance & Selecting Your Level of Coverage
  3. Common Forms of Insurance Coverage, Special Forms of Insurance, Co-Insurance
  4. Select an Insurance Company
  5. Renter’s Insurance
  6. Things You Can Do to Protect Yourself & Incident Report Forms
  7. Income Taxes, Active Versus Passive Activity, Property Taxes & Estimated Tax Payments
  8. Deductible Expenses, Depreciation, Tax Responsibilities for Employers & 1031 (Starker) Exchanges
  9. Next Steps & Action Items


You may need to right-click the following links and select Save Link As to download the file to your computer

DocumentDescriptionDownload / Link
Wikipedia Article on 1031 ExchangesClick Here
IRS Form 1099 InstructionsCheck this if you have independent contractors or un-incorporated vendors working for you.Click Here
EITC Resources on IRS.GovClick Here
Premises Liability on WikipediaClick Here
Premises Liability Law on ExpertLaw.comClick Here
Insurance for Landlords at Lawyers.comClick Here
NFIP at FEMAInformation on the National Flood Insurance Program on FEMA's web siteClick Here
NFIP relevant to MHPClick Here
Small Business Resources from the Internal Revenue Service (IRS)Click Here
IRS Small Business Virtual Tax WorkshopGood course if you want to understand IRS rules for small business operations.Click Here
IRS Standard Mileage RatesMileage rates for your deductible mileageClick Here
US Citizenship and Immigration ServicesEmployment forms and checks related to citizenshipClick Here
Social Security Administration Resources for EmployersW-2 Filing Instructions and InformationClick Here
Property Taxes on WikipediaClick Here