If you have purchased a property to rent out, you have likely made a very smart financial decision. Being a landlord means – almost – guaranteed income, all year round, for long periods. If you’ve invested smartly, you will be making a good return on your investment, meaning some nice profits and extra income for yourself. Whether this is your sole source of income or a bonus income stream, some taxes must be paid on rental income. However, there are deductions you can make from your gross income to ensure that you’re only paying tax on your net profit, as opposed to overpaying tax on gross profit. In this article, you will find some tips on rental income and tax deductions that you should know about as a property investor....