Business Travel Expenses and IRS Law for Rental Property Owners and Landlords

If you are a rental owner with property out of town, make sure you save all business-related receipts for travel to that property—it is tax deductible.

Expenses that qualify include airfare, mileage, lodging and meals. Even local travel, such as a trip to the hardware store, is a deductible expense.

The IRS does require proof that the trip was made for business purposes, so it is a good idea to keep a copy of all receipts and expenses when you travel to maintain or manage your rental property.