Selling or leasing property is an intricate journey, but with Acre by your side, it becomes a seamless experience. From the very first consultation to the final handshake on closing day, our team ensures that every aspect of your property journey is handled with professionalism and expertise. Our robust process, spanning from understanding your specific needs to effectively promoting your property across diverse platforms, is designed to maximize your returns and minimize stress. Whether it's strategic pricing, powerful marketing, or navigating negotiations, Acre's holistic approach ensures you're always a step ahead in the real estate market. Dive in and discover the Acre difference, step by step.

In the United States, many landlords are unaware that in addition to certain expenses being eligible for tax deductions, depreciation of the property can also be used to offset rental income, serving as a means of tax savings. Property depreciation refers to the loss of value in a property over time due to wear and tear during its use. For residential rental properties, the depreciation period is 27.5 years. The starting point for depreciation is the date when the property is put into use. It's important to note that the countdown doesn't begin when a tenant moves in; rather, it starts as soon as the property is ready for use and actively advertised for rent, such as being listed on platforms like Zillow or local websites. Meanwhile, it's important to note that only the value of the house can be depreciated, and the value of the land cannot be depreciated. In general, for residential rental properties, we use the straight-line depreciation method and the mid-month convention. This means that in the month when the property is put into use, whether it's on the 1st or the 25th, we uniformly depreciate it based on half a month of use. The value of housing depreciation is not only the sale price written in the contract but also includes various expenses incurred due to the purchase of the house, such as the cost of installing water and electricity, legal fees, and so on. For example, if a buyer purchases a property with overdue property taxes and pays the property taxes on behalf of the seller without reimbursement, this property tax can be included in the depreciation tax base. Another point to note is that households with an annual income exceeding 150,000 no longer qualify for this depreciation expense discount. Many people overlook the depreciation aspect, thinking that not depreciating will, at most, result in paying a bit more in taxes on rental income each year. In reality, whether or not you have depreciated, the IRS assumes you have already enjoyed the tax benefits of depreciation. When you sell the property, the total amount of depreciation will be deducted, reducing the cost basis for tax purposes and increasing the capital gains portion, leading to an increased tax burden upon the sale of the property. Therefore, for those aspiring landlords, it's crucial not to ignore this tax-deductible expense. If you want to learn more about real estate investment knowledge and stay ahead in identifying good investment deals, you can add the assistant on WeChat: ACRENYC3 to join our real estate investment group. We regularly organize real estate investment seminars, sharing insights and information on profitable investment deals.