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Expert advice, market reports, and tips from the Niagara Region real estate professionals.
The main objective of creating a portfolio of investment properties is to generate income. Passive income from the collection of rents. And of course, as with the case of any income, taxes are an inevitable consequence. But taxes are not payable on the total rent collected. Expenses may first be deducted. And this is one of the reasons record-keeping is so very important.