The recent tax reforms in the United States have had a significant impact on the real estate market, particularly for landlords. As a result of the changes, more and more landlords are registering with companies to help them manage their rental properties.
The Tax Cuts and Jobs Act of 2017, which was signed into law by President Trump, has had a major effect on the real estate market. The new law has reduced the amount of taxes that landlords have to pay on their rental income. This has made it more attractive for landlords to invest in rental properties, as they are able to keep more of their income.
In addition to the tax benefits, landlords are also taking advantage of the services offered by companies that specialize in managing rental properties. These companies provide a range of services, including collecting rent, dealing with tenant issues, and helping landlords comply with local laws and regulations. By registering with these companies, landlords can save time and money, as well as reduce their risk of legal problems.
The number of landlord companies registering with these services has been steadily increasing since the tax reforms were introduced. This is due to the fact that landlords are now able to keep more of their rental income, and are therefore more likely to invest in rental properties.
The increase in landlord companies is also beneficial for tenants, as it means that there is more competition in the market. This can lead to lower rents and better services for tenants.
Overall, the tax reforms have had a positive effect on the real estate market. More landlords are now registering with companies to help them manage their rental properties, which is beneficial for both landlords and tenants. This is likely to continue as long as the tax reforms remain in place.