First time landlord as of Friday. Tax questions. Any tips?

[Ryan Sauer]

Hello everyone,

I became a landlord for the first time ever on Friday. My property is a 4-plex in Welland, all units 3 bedroom, 1 bathroom and a basement. Each unit is fully rented, so I provided each tenant with a new lease agreement (in my name), additional terms (to go with the lease agreement), and a welcome letter. 

Currently I have been doing snow removal/salting myself at the property and have been documenting my kilometers. How do you go about this, documenting kilometers seems pretty 'loose' for the tax deduction. I assume hiring a snow removal contractor is tax deductible as well and just put under maintenance costs? Say I put a claim in for 1500$ for snow removal, will the full amount be deducted ? I need to find an accountant to do more digging on this tax stuff, its hard finding information on the internet.  

I got to say I am a bit stressed out with this new property, so any tips or suggestions about anything in general are greatly appreciated.

Thanks.

Ryan

[Steven B.]

@Ryan Sauer give tony @ ddl accounting a call