A recent report concluded that the Phoenix metro area has the 4th highest rental rate in the United States. From apartment complexes to condos or rental single-family homes, more property owners are seeing the value of investing in housing and renting it to occupants. It’s well understood that one of the biggest advantages of owning a rental property is the tax benefits and deductions available to the owner. However, when you replace or fix a major appliance inside a rental property, a major consideration is the taxes potentially paid or deducted. And when you have to replace the AC system, you might want to consider air conditioner depreciation as a cost effective method to spread your tax savings and investment over a long-term period.