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Tenant Owes $21,000 in Late Fees: Court Rules in Landlord’s Favor

American Apartment Owners Association

In a ruling that could reshape how landlords approach late rent fees, the Kansas Supreme Court last week upheld a district court’s decision requiring a tenant to pay over $21,000 in late fees for missed rent payments dating back to 2020. Foster had rented a single-family home from landlord John Schutt starting in 2018 for $1,900 per month.

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Finding Deductions For Residential Rental Property And Lowering Your Tax Bill

Property Management Inc.

April 10, 2018 By Cassie James, PMI Communications Manager Tax season can be stressful for solo entrepreneurs and landlords. MORTGAGE INTEREST & POINTS Interest is one of the most reliable yearly deductibles most landlords have. If you pay for multiple years at once, you can only deduct the part that covers one year.

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Rental Scams: What Property Managers Must Do To Prevent Listing Fraud

Property Management Inc.

According to a July 2018 survey by Apartment List, 6.4 Be careful of landlords who insist on payment in cash. Both tenant and landlord should have signed copies of the finalized lease for future reference and to cover every base from a legal standpoint, and read it thoroughly before agreeing to their partnership. million U.S.