Generally, prospects of permanently increased cash rents lead to increases in farmland prices. Since 2006, average cash rents in Illinois increased from $132 per acre in 2006 to $234 per acre in 2014, representing an increase of 77%.
If you're a landlord and claim rental income on your home, your homeowners' insurance on the portion of the property used for rental becomes tax-deductible. When you own several properties and those properties are used only for rental income, then all of the homeowners' insurance is tax-deductible. Consult your tax preparer for more details on how to deduct homeowners' insurance.
With a $2,500 home insurance deductible, the home insurer would pay $1,000, and you'd have to cough up $2,500 for the rest of the $3,500 repair tab. But if you had Zero Deductible insurance, you would file two claims -- one with the home insurance company and another claim on the Zero Deductible policy.n California, for example, the annual premium for a Zero Deductible policy on a $2,500 home insurance deductible is $162. In return, the policy pays the deductible amount for any claim your property insurance company pays. Say, for instance, that burst water pipe caused $3,500 in damage to your home.